Pencil manufacturing company DOMS Industries Ltd. has got a good listing. The company’s shares are listed on NSE and BSE at Rs 1,400 per share with a premium of 77.22%. The issue price of IPO was Rs 790 per share.
Bumper response to IPO
DOMS Industries’ IPO of Rs 1200 crore received an overwhelming response from investors, it was subscribed a total of 93.52 times. In this, the share of institutional investors was subscribed 115.97 times, the share of retail investors was 69.67 times, the share of non-institutional investors was subscribed 66.51 times, the share reserved for employees was subscribed 29.21 times.
DOMS Industries has raised Rs 537.7 crore from anchor investors ahead of its IPO. The company has allotted 68.06 crore shares to 55 anchor investors at Rs 790 per share.
In the IPO, 44.3 lakh new shares were issued, which is worth Rs 350 crore, the Offer for Sale OFS was of 1.08 crore shares, which is worth Rs 850 crore.
Financials
H1FY24 figures:
- Income from operations: Rs 761.79 crore
- EBITDA: Rs 127.43 crore
- EBITDA Margin: 16.7%
- Profit after tax: Rs 73.9 crore
Where will the funds be used
Of the money raised from the fund, Rs 350 crore will be used to build a new facility in Ambergaon in Valsad district in Gujarat. This facility will be installed near the existing unit. Its objective is to increase the capacity of various types of writing instrument production. Rs 453.57 crore has been kept for capital expenditure for the new plant.
