DOMS Industries, the fourth-most subscribed Indian IPO of 2023 lists at a 77% premium

Today, DOMS Industries’ stock price had a fantastic first day on the market. The share price of DOMS Industries was listed at 1,400 ₹on both the NSE and BSE today, which is 77.2% more than the issue price of 790 ₹.

Investors are anticipating today’s listing of DOMS Industries’ initial public offering. Tuesday, December 19 was the final day for DOMS allocation. Today at 10:00 IST, the DOMS Industries’ initial public offering (IPO) is planned to take place on the bourses.  The subscription period for DOMS Industries’ initial public offering (IPO) began on Wednesday, December 13, and ended on Friday, December 15. After day 3, the DOMS IPO had 93.52 subscribers, a testament to the outstanding response it received from investors.

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The initial public offering (IPO) of DOMS Industries allocated 75% of the shares to Qualified Institutional Buyers (QIB), 15% to Non-Institutional Investors (NII), and 10% to Retail Investors. Eligible employees who participate in the employee reservation section can get a discount of ₹75 per equity share. “DOMS” is the flagship brand of DOMS, which is responsible for the design, development, production, and marketing of a wide range of art and stationery items. The Technopak Report states that as of fiscal 2023, DOMS Industries controls almost 12% of the value of the Indian market for branded “stationery and art” products, making it the second-biggest player in this sector.

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Updated DOMS stock price: Here are the trading recommendations of Arun Kejriwal, founder of Kejriwal Research and Investment Services:

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The gray market premium was far lower than the ₹1,400 opening price of DOMS shares. The share opened at ₹1,400, and GMP was predicting a gain of +500, or approximately ₹1,300, at that moment. Although these gains are encouraging, it is crucial to proceed with caution because we need to make additional purchases to keep the price stable.”Someone must buy it for at least ₹1,400,” Kejriwal stated.

DOMS stock price real-time: Learn about the advantages that DOMS Industries has over its competitors.

Based on broker reports, DOMS Industries has several advantages over its competitors. These include being the market leader in the Indian “stationery and art material” industry, which leads to fast . The company also has a strong multi-channel distribution network that covers all of India. DOMS Industries has a strategic partnership with Fabbrica Italiana Lapis ed Affini S.p.A., which gives them access to global markets and product know-how. Lastly, the company has an experienced management team and promoters.