DOMS Industries Joins the Indian IPO Bandwagon
About DOMS Industries
DOMS Industries is one of India’s leading stationery and art product manufacturers, selling a wide range of stationary kits, office and art supplies in over 40 countries. The company has a multi-channel PAN India presence with 100+ stockists, and their core products, such as pencils and mathematical instrument boxes enjoy a healthy market share of nearly 29% and 30% by value, respectively, in FY 23.
With its lineage tracing back over 4 decades, the company has 11+ manufacturing facilities in India with over 3770+ SKUs.
Financial Snapshot
DOMS Industries has strengthened its financials with time, exhibiting robust growth. Given below are some of its key financials for FY 23:
| Revenue | Rs. 12,118.90 million |
|---|---|
Expenses | Rs. 10,777.61 million |
Profit / Loss Before Tax | Rs. 1,387.63 million |
Earnings Per Share | Rs. 18.29 |
Total Assets | 6,397.83 million |
DOMS Industries IPO Details
DOMS Industries plans to raise Rs 1200 crore from its IPO, of which Rs 350 crore comprises fresh equity and the rest Rs 850 crore comprises offer of sale (OFS). The offer made through the book-building process has 75% reserved for qualified institutional buyers, 10% for retail investors, and 15% for non-institutional investors.
Given below are the details of the DOMS Industries IPO as per its Draft Red Herring Prospectus (DHRP):
With the funds raised, the company plans to:
- Set up a new manufacturing facility
- Fulfill general corporate purpose, including implementation of strategic initiatives and expanding branches, among others
How to Apply for DOMS Industries IPO?
With Kotak Securities, you can easily apply for this IPO. All you need to do is:
- Log into your Kotak Securities Demat account and select current IPO section
- Specify the IPO details, enter the number of lots and the price you wish to apply for
- Enter your UPI ID, click on submit to place your bid with the exchange
- Your UPI app will receive a notification for blocking funds
- Upon approval, your funds will get blocked
Summing it Up
Applying for a DOMS Industry IPO allows you to participate in India's rapidly growing stationary and art market, which is pegged to grow at a CAGR of 9.7% from 2023 to 2029. With its strong presence in the market, DOMS Industries is well poised to cater to the increasing needs of students and offices, and applying for its IPO can help you create wealth.
That said, it's essential for you to conduct due diligence and carefully watch the valuation before subscribing.
