Hello investors! I hope you are enjoying the IPO season. After the super duper listing of Tata Tech and Gandhar, another IPO is about to debut in the market – DOMS Industries.
In this article, I will walk you through the complete details about DOMS IPO GMP (grey market premium). Day-by-day IPO update will be covered here along with the some important details about the IPO.
So, be attentive and check out the details below!
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About DOMS Industries
DOMS Industries Limited is a stationery and art product manufacturer. It was launched in 2005. The company is primarily engaged in designing, developing, manufacturing, and selling stationery and art products under the flagship brand, DOMS.
Company has a presence in 40+ countries covering America, Africa, Asia Pacific, Europe and Middle East. It has strong management. DOMS has 23% market share in pencil market and 30% market share in mathematical instrument boxes. Its main listed competitors are Linc Limited, Kokuyo Camlin Limited, Navneet Education Limited and Flair Writing Industries Limited.
DOMS Industries IPO Important Dates
|IPO Opening Date
|13th December 2023
|IPO Closing Date
|15th December 2023
|18th December 2023
|18th December 2023
|Credit of Stocks in Demat
|19th December 2023
|Share Listing Date
|20th December 2023
DOMS IPO Details
|Rs. 750 to Rs. 790 Per Share
|Rs. 1,200 Crore
|Rs. 350 Crore
|Offer for Sale (OFS)
|Rs. 850 Crore
|75% of Issue
|15% of Issue
|10% of Issue
|Link Intime India Private Limited
DOMS IPO Share Fundamental Analysis
It is important to under the company’s business and fundamentals before investing your hard earned money. So, check its numbers below.
|Rs. 4,793.77 Crore
|Debt to Equity Ratio
|Return on Net Worth
|Pre IPO Promoter’s Holding
|Post IPO Promoter’s Holding
DOMS Indstry’s sales and profit growth has been phenomenal in last few years. Its revenue was Rs. 408.79 in 2021 which rose to Rs. 764.22 Crores as of September 2023. On the other hand, profit after tax (PAT) in 2021 was -6.03 which rose to Rs. 73.91 Crore in 2023.
As of 31st March 2021, company’s assets were worth Rs. 457.52 Crore which turn to Rs. 829.46 Crore in September 2023. It has debt of Rs. 176.38 Crore which is at a comfort level as of now. Overall, company looks to have sound fundamentals and one can apply for its IPO and get the better listing gain.
DOMS IPO GMP Today
|DOMS Industries IPO GMP (Grey Market Premium)
|12th December 2023
|11th December 2023
|10th December 2023
|9th December 2023
|8th December 2023
|7th December 2023
|6th December 2023
|5th December 2023
|4th December 2023
FAQs Related to DOMS IPO GMP
What is GMP?
GMP, or Grey Market Premium, serves as an unofficial way for predicting the potential listing gain of an IPO. This metric is derived from trading activity in unauthorized local markets where IPOs are transacted prior to their official listing. GMP is subsequently calculated based on these unofficial rates.
What is the GMP of DOMS Industries IPO?
As per current sources, DOMS IPO is trading at the grey market premium of Rs. 450 with estimated listing gain of 57%.
What is DOMS IPO Subject to Sauda At Present?
Currently, subject to sauda of Doms Industries IPO is Rs. 6500.
How to Increase Chances of Allotment in DOMS IPO?
To enhance your chances of securing allotment in an IPO and maximize potential profits, consider the following guidelines:
- Increase Unique Applications: Boost your likelihood of allotment by submitting applications from various unique accounts, including those of family members and friends.
- Avoid Multiple Accounts with the Same PAN: Refrain from applying through multiple accounts that share the same PAN number but have different brokers, such as using your demat accounts in Upstox, Paytm Money, Zerodha, etc. This practice is incorrect and can lead to the rejection of all your applications upfront. Ensure applications are from distinct individuals with unique demat accounts.
- Manage Lots Wisely in Oversubscribed IPOs: In cases of oversubscription, limit your application to one lot per demat account. Applying for multiple lots from the same account becomes redundant and inefficient. Instead, utilize those funds to submit a fresh application from another individual’s account.
- Timely Acceptance of UPI Payment Mandate: If applying through UPI, be sure to accept the payment mandate before the specified deadline. Note that issues may arise with UPI mandates via the PhonePe app; therefore, consider using Google Pay for a smoother process.
By adhering to these principles, you can optimize your strategy for IPO applications and increase the likelihood of a successful allotment.
It is recommended not to solely rely on the Grey Market Premium (GMP) when making IPO investments. Instead, it is advisable to conduct a comprehensive analysis, as outlined in the preceding section, to determine whether the company is a sound investment. If you found this information valuable, please consider sharing it on your social media platforms.