Another big IPO is going to come in the month of December. On December 13, Domes Industries, a company making stationery and art products, is coming with an IPO of Rs 1200 crore. This IPO will be open for subscription from December 13 to December 15.
Let us tell you, Domes Industries will essentially be the first company to debut in the stock market in T+3 timeline. The anchor book of the offer will open for one day on December 12. New shares worth Rs 350 crore will be issued by Doms in the IPO. There will be an Offer for Sale (OFS) of Rs 850 crore from the promoters.
Corporate promoter FILA i.e. Fabbrica Italiana Lapized Affini Spa will sell shares worth Rs 800 crore in the OFS. Promoters Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani will sell shares worth Rs 25 crore each in the OFS.
Who has what share in the company?
Talking about stake, Italian group FILA holds 51 percent stake in the company, while Santosh Rasiklal Raveshia holds 17 percent stake. He is the second largest shareholder among the promoters. Whereas Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani hold 8.63 percent stake in the firm. Chandni Vijay Somaiya, Sejal Santosh Raveshia and Sheetal Hiren Parpani hold 4 percent stake.
If we look at the market share of the company, in the financial year 2022-2023, in the case of products like pencil and mathematical instrument box, the market share of Domes was 29 percent and 30 percent respectively.
When will Doms Industries IPO be listed?
After the closure of the IPO, allotment of shares can happen on December 18 and listing of shares can happen on BSE and NSE on December 20. JM Financial, BNP Paribas, ICICI Securities and IIFL Securities are the merchant bankers to the issue, while Link Intime India is the registrar.
