DOMS IPO has been approved by the board of DOMS Industries, an Indian stationery business that is predominately held by Fabbrica Italiana Lapis ed Affini. The anticipated proceeds from the IPO, which are estimated to total roughly 90 million euros ($100.07 million), will keep FILA as the company’s largest shareholder even after the IPO. By year’s end, the listing is expected to be finished.
DOMS was established in 1975 and has its main office in Mumbai, India. The company produces a wide variety of writing and drawing instruments in addition to pencils, pens, erasers, sharpeners, and other stationery items. With activities in more than 50 nations, DOMS has a truly worldwide footprint.
The IPO is a key accomplishment for DOMS and will aid in funding its expansion strategies. The company intends to strengthen its marketing and sales activities, engage in research and development, and increase its manufacturing capacity with the money raised from the IPO.
Investors anticipate that the DOMS IPO will be warmly welcomed because DOMS is a well-established business with a proven track record of growth. The business is ideally situated to profit from the expanding stationery sector in India and other emerging markets.
Here are some additional details about the DOMS IPO:
- The IPO is expected to be priced between Rs. 600 and Rs. 700 per share.
- A new offering of shares worth Rs. 300 crore and an offer to sell shares worth Rs. 900 crore will make up the IPO.
- DOMS IPO is expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
- The book-building process for the IPO is expected to begin in August 2023.