DOMS Industries Sees Strong Pre-IPO Demand with 80% Surge in Grey Market Premium

DOMS Industries experiences an 80% surge in grey market premium within two days, indicating strong interest before its IPO.

The IPO aims to raise ₹1,200 crore, with ₹350 crore in fresh equity and an ₹850 crore offer for sale by promoters.

IPO funds will be used for a new manufacturing facility and general corporate purposes.

The offer structure allocates 75% to QIBs, 15% to non-institutional investors, and 10% to retail investors.

Up to ₹5 crore worth of shares reserved for company employees.

In FY23, DOMS Industries achieved a net profit of ₹96 crore, with a 77% YoY revenue increase to ₹1,212 crore.

FY23 EBITDA grew by 149% to ₹186.7 crore, with an expanded margin of 15.4%.

The stock will be listed on BSE and NSE, with trading starting on December 20,

DOMS IPO will follow the new T+3 timeline mandated by SEBI for IPOs launched after December 1, 2023.