DOMS Industries Limited is launching its IPO. The opens for subscription on 13th December and will close on 15th December 2023.
What does DOMS Industries do?
Incorporated in 2006, DOMS Industries Limited is a stationery and art material product company that primarily designs, develops, manufactures, and sells a wide range of stationery and art products, primarily under their flagship brand ‘DOMS’ along with other brand/sub-brands including ‘C3’, ‘Amariz’, and ‘Fixyfix’ in India as well as in over 45 countries internationally, as of September 30, 2023.
They are the second largest player in India’s branded stationery and art products market, with a market share of 12% by value, as of fiscal 2023. Their core products such as pencils and mathematical instrument boxes enjoy high market shares of 29% and 30% market share by value in fiscal 2023 respectively.
Their stationery and art material products to consumers are categorized into: (i) scholastic stationery (ii) scholastic art material (iii) paper stationery (iv) kits and combos (v) office supplies (vi) hobby and crafts and (vii) fine art products.
The company has also entered into a strategic partnership with FILA, a listed Italian multinational company for the distribution of its products internationally.
As of September 30, 2023, They have a widespread multi-channel distribution network with a strong pan-India presence and a global footprint catering to over 45 countries with over 120 super-stockists, and over 4,000 distributors along with a dedicated sales team of over 500 personnel covering more than 120,000 retail touch points over 3,500 cities and towns.
What is the issue size of the DOMS Industries IPO?
The Rs. 1,200 crore public offer of the company is a combination of a fresh equity issue worth Rs. 350 crore and an offer for sale (OFS) of equity shares worth Rs. 850 crore from the existing shareholders.
Financials of DOMS Industries
| Financial Year | Total Assets (₹ crores) | Total Revenue (₹ crores) | Profit After Tax (₹ crores) | EBITDA | EPS |
|---|---|---|---|---|---|
| March 31, 2021 | 457.52 | 408.79 | (6.03) | 30.02 | (1.07) |
| March 31, 2022 | 497.46 | 686.23 | 17.14 | 69.71 | 3.05 |
| March 31, 2023 | 639.78 | 1,216.52 | 102.87 | 186.66 | 18.29 |
Schedule/Timeline of DOMS Industries IPO
| Issue Period | 13th December to 15th December 2023 |
|---|---|
| Price band | ₹ 750 to 790 |
| Minimum Bid quantity | 18 & Multiples thereof |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 18, 2023 |
| Initiation of Refunds | December 19, 2023 |
| Credit of Shares | December 19, 2023 |
| Date of Listing | December 20, 2023 |
| Mandate end date | December 30, 2023 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 15, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 15, 2024 |
How to apply to the DOMS Industries Limited IPO?
You can apply for the DOMS Industries Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for DOMS Industries Limited IPO?
You can check the allotment status for the Fedbank Financial Services Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.