Pencil-maker Doms jumps nearly 70% in market debut

Credit: IndiaTimes- Published on December 21, 2023
Doms Industries, controlled by Fila, surged 68% in its Mumbai trading debut, despite a broader market selloff. The Gujarat-based firm raised Rs 1,200 crore through its IPO, with a market value over $1 billion. Revenue for the year-ended March 2023 was Rs 1,210 crore, up 77% from the previous year. India Shelter Finance, another...

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DOMS IPO had a fresh issue of up to Rs 350 crore and an offer for sale of Rs 850 crore, with offer price range of Rs 750-790 a share.  
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As per several analysts the DOMS may list at around 60 to 65 percent premium and debut at Rs 1,200- Rs 1,300 apiece, depending on the mood of the market.
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