DOMS Industries Limited Initial Public Offering To Open On Wednesday, December 13, 2023

 

Mumbai: “DOMS Industries Limited” (the “Company”) proposes to open its initial public offering (“Offer”) on Wednesday, December 13, 2023. Bid/ Offer Closing Date will be Friday, December 15, 2023. Anchor Investor Bidding Date is one Working Day before the Bid/Offer Opening Date, that is, Tuesday, December 12, 2023.

The Price Band of the Offer has been fixed from ₹750 per Equity Share to ₹790 per Equity Share. Bids can be made for a minimum of 18 Equity Shares and in multiples of 18 Equity Shares thereafter.

The Offer consists of a fresh issue of such number of Equity Shares aggregating up to ₹3,500.00 million (the “Fresh Issue”) and an offer for sale of such number of Equity Shares (“Offered Shares”) aggregating up to ₹8,500.00 million comprising of Equity Shares aggregating up to ₹8,000.00 million by F.I.L.A.- Fabbrica Italiana lapis Ed Affini S.P.A., Equity Shares aggregating up to ₹250.00 million by Sanjay Mansukhlal Rajani, and Equity Shares aggregating up to ₹250.00 million by Ketan Mansukhlal Rajani (collectively, “Selling Shareholders” and such offer for sale of by the Selling Shareholders, “Offer for Sale”). This Offer includes a reservation of such several Equity Shares aggregating up to ₹50.00 million for subscription by Eligible Employees (the “Employee Reservation Portion”). The Company, in consultation with the Book Running Lead Managers, may offer a discount equivalent of ₹75 per equity share to the Offer Price to Eligible Employees bidding under the Employee Reservation Portion (“Employee Discount”). The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”.

The Company intends to use the proceeds of the Fresh Issue to part finance the cost of establishing a new manufacturing facility to expand its production capabilities for a wide range of writing instruments, watercolor pens, markers, and highlighters, at Survey Nos: 153, 154, 155/2, 159, 160, 161, 164, 165, 166, 168, 170, 172, 175, 180, 181, 370 and 391/P1, Village: Dehri, Tal: Umbergaon, District Valsad, 396170, Gujarat, India as well as for general corporate purposes.

The Equity Shares offered through the red herring prospectus dated December 2, 2023, (the “RHP” or “Red Herring Prospectus”) are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”).

JM Financial Limited, BNP Paribas, ICICI Securities Limited, and IIFL Securities Limited are the book-running lead managers (“Book Running Lead Managers” or “BRLMs”) to the Offer.