DOMS Industries IPO
DOMS Industries IPO — date, price band, lot size & details 2023
DOMS Industries listed on 20 Dec 2023 at ₹1,400, 77.2% above the ₹790 issue price.
DOMS Industries is the second largest player in India's branded stationery and art products market, known for pencils and mathematical instrument boxes. Its total income was Rs 1,216.52 crore in FY2023.
Stock price
DOMS Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 13 Dec 2023
- Close 15 Dec 2023
- Allotment 18 Dec 2023
- Refund/credit 19 Dec 2023
- Listing 20 Dec 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 15 Dec, 2023 |
|---|---|
| Price Band | ₹750 – ₹790 |
| Face Value | ₹10 |
| Lot Size | 18 Shares |
| Issue Size | ₹1200 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 75.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,220 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 18 shares at the ₹790 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 18 | ₹14,220 |
| Retail (max) | 14 | 252 | ₹1,99,080 |
| S-HNI (min) | 15 | 270 | ₹2,13,300 |
| S-HNI (max) | 70 | 1,260 | ₹9,95,400 |
| B-HNI (min) | 71 | 1,278 | ₹10,09,620 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 408.79 crore in FY2021 to Rs 1,216.52 crore in FY2023.
- 02Profit after tax rose from a loss of Rs 6.03 crore in FY2021 to Rs 102.87 crore in FY2023.
- 03It had about 29% share in pencils and 30% in mathematical instrument boxes.
- 04Profit after tax was Rs 73.91 crore in the six months to 30 September 2023.
- 05The source puts return on net worth at 28.39%.
Risks · 5
- 01The pre-issue P/E was 43.19 at the upper band of Rs 790, based on EPS of Rs 18.29.
- 02Rs 849.63 crore of the Rs 1,200 crore issue was offer for sale by the promoters.
- 03Demand depends on school and office use, which fell sharply in FY2021 when income was Rs 408.79 crore.
- 04Total borrowing rose from Rs 100.07 crore on 31 March 2023 to Rs 176.38 crore on 30 September 2023.
- 05Promoters held 100% before the issue and 74.97% after it.
Three years of numbers
All figures in ₹ crore, as reported in the DOMS Industries offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 829.46 | 639.78 | 497.46 | 457.52 |
| Total Income | 764.22 | 1,216.52 | 686.23 | 408.79 |
| Profit After Tax | 73.91 | 102.87 | 17.14 | -6.03 |
| NET Worth | 397.61 | 337.43 | 247.25 | 233.61 |
| Reserves and Surplus | 341.36 | 337.06 | 246.87 | 233.24 |
| Total Borrowing | 176.38 | 100.07 | 84.90 | 97.27 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the DOMS Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
DOMS Industries IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹18.29 | ₹24.36 |
| P/E Ratio (x) | 43.19 | 32.43 |
| Market Cap at Offer Price (₹ Cr) | ₹3,192.39 | ₹2,396.92 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹790 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹331.58 Cr of the issue is earmarked to named objects.
About the company
Its core products have high market shares, with about 29% in pencils and 30% in mathematical instrument boxes by value in Fiscal 2023. It focuses on R&D, product engineering and backward integrated manufacturing, and sells through a multi-channel pan-India network.
Its manufacturing facilities are at Umbergaon, Gujarat. Its promoters include the founding families and F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A. of Italy.
The IPO was Rs 1,200 crore, with Rs 350.37 crore of fresh issue and Rs 849.63 crore of offer for sale by promoters. Rs 280.00 crore was planned for a new manufacturing facility at Umbergaon for writing instruments, markers and highlighters.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
DOMS Industries IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
121 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
ICICI Securities
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
IIFL Capital Services Limited
113 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: Rategain Travel Technologies (-15.3%).
BNP Paribas
7 issues handledBest listing: HDB Financial Services (+12.8%). Weakest: Carraro India (-7.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of DOMS Industries?
The current Grey Market Premium is ₹500, or 63% over the issue price.
What is the DOMS Industries IPO price band?
₹750 to ₹790, on a face value of ₹10.
When is the allotment?
The basis of allotment is 18 December 2023, with listing on 20 December 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
