How to Check DOMS IPO Allotment
DOMS IPO Allotment
Doms Industries IPO Allotment Status: Navigating the Countdown to Listing
The financial landscape witnessed a significant event as Doms Industries, a prominent player in the stationery and art products sector, recently concluded its highly anticipated Initial Public Offering (IPO) valued at a substantial Rs 1,200 crore.
The IPO, open for subscription from December 13 to December 15, has stirred considerable interest among investors, and as the subscription period closes, attention turns to the imminent listing of Doms Industries on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 20.
Subscription Dynamics:
Investors, having participated in the IPO at a price of Rs 790 per share with a discounted rate of Rs 75 per share for employees, are now eagerly awaiting the listing and are keen on checking the allotment status of their subscribed shares.
The IPO, characterized by its substantial size and the company’s strong fundamentals, garnered remarkable attention, reflecting positively on the growth potential of Doms Industries.
The oversubscription statistics provide a glimpse into the enthusiastic response from investors. The overall subscription rate reached an impressive 99.34 times.
Within this, Qualified Institutional Buyers (QIB) exhibited strong interest with a subscription rate of 122.16 times.
Non-Institutional Investors (NII) and retail investors subscribed at 70.06 times and 73.38 times, respectively.
The IPO comprised the issuance of new shares worth Rs 350 crore, accompanied by an additional 1,07,59,493 shares with a face value of Rs 10 offered under the Offer for Sale (OFS) window.
Checking Allotment Status:
Investors, eager to gauge their allocation, can conveniently check the allotment status through the BSE website or the registrar’s site.
The BSE website offers a straightforward process. Investors need to select ‘Equity’ in the Issue Type, choose ‘DOMS’ from the dropdown menu, and enter either their application number or PAN.
Completing this information, followed by a click on ‘I am not a Robot’ and selecting the search tab, will display the allotment status on the screen.
Alternatively, investors can visit the registrar’s site (https://linkintime.co.in/mipo/ipoallotment.html). The site presents three options – PAN, Application Number, and DP Client ID.
Investors can choose any one of these options. For PAN, selecting ‘IPO DOMS Industries’ and entering the PAN is required.
If selecting Application Number, the relevant application number should be entered, and for DP Client ID, the Depository Client ID needs to be filled. Upon clicking ‘Search,’ the status of the application, including details on the number of shares applied for and allotted, will be displayed on the screen.
Grey Market Premium (GMP):
As investors anticipate the listing, the grey market premium (GMP) for DOMS is a crucial metric. Currently standing at Rs 495 from the issue price, it suggests a potential listing gain of approximately 63 percent.
However, market experts caution that while the grey market provides initial insights, the actual performance on the listing day hinges on market sentiment and the overall business health of the company.
Brokerages’ Outlook:
Several prominent brokerages, including Choice Broking, Anand Rathi, Mehta Equities, KR Choksey, and Stocksbox, expressed optimism about the IPO, assigning it a subscribe rating.
While the GMP provides a preliminary indication, investors are reminded to exercise caution and consider various factors beyond the grey market.
About DOMS Industries:
Global Presence and Market Share:
DOMS Industries has carved a niche for itself as a distinguished designer and manufacturer of a diverse range of stationery and art products.
Operating under the ‘DOMS’ brand, the company has established a global presence, distributing its products in more than 45 countries.
In the Indian market, DOMS Industries stands as the second-largest company in terms of branded stationery and art products, boasting a substantial 20 percent market share.
Additionally, it commands a 29 percent share in the pencil market and a noteworthy 30 percent share in the mathematical instrument box market.
Financial Health and Growth Trajectory:
The financial health of DOMS Industries further reinforces its position in the market. In the fiscal year 2023, the company exhibited robust performance, with a staggering 567 percent annual increase in net profit, reaching Rs 95.8 crore. Simultaneously, the revenue witnessed a substantial surge of 77.3 percent, reaching Rs 1,212 crore.
The financial results for the current fiscal year indicate a net profit of Rs 70.63 crore and revenue of Rs 761.18 crore in the September half.
Strategic Use of IPO Funds:
The funds raised through the issuance of new shares under the IPO have specific earmarks. A significant portion will be allocated to cover expenses related to a new manufacturing facility, showcasing the company’s commitment to growth and development in alignment with its business objectives.
The remainder of the funds will be directed towards general corporate purposes, emphasizing strategic financial planning.
Final Thoughts:
Investor Guidance: As the market eagerly anticipates the listing of DOMS Industries on December 20, investors find themselves on the brink of witnessing the outcome of one of the most awaited IPOs of the year.
While the grey market premium provides an initial indication, market sentiment and the company’s performance on the listing day will play a pivotal role in determining the actual gains for investors.
Long-Term Potential: The strong fundamentals, global presence, and positive response from investors during the IPO subscription period position DOMS Industries as a key player in the stationery and art products industry.
Investors are advised to stay informed about the allotment status and exercise patience in light of market dynamics. Beyond the immediate listing gains, the long-term potential of DOMS Industries, coupled with its commitment to strategic growth, makes it an intriguing investment prospect.
Financial Resilience: The financial results underscore the company’s resilience and growth trajectory, reflecting positively on its future prospects.
As the countdown to listing continues, investors are reminded to approach the situation with a balanced perspective, considering both short-term gains and long-term growth potential.
DOMS Industries, with its strong market position and global footprint, is poised to make waves in the financial landscape, and investors are now positioned to be part of this transformative journey.
