IPO: Investors became rich, DOMS shares listed with 77 per cent premium
DOMS Share Price: Today shares of DOMS company are listed in the stock market. The company's shares have been listed in the pre-open session. Let us tell you that investors had shown interest in the IPO of the company. The company's shares were listed today with a premium of 77 per cent. Let us know in detail about the company's listing in this report.
The process of listing in the stock market continues. Today, shares of pencil maker company DOMS Industries Ltd have been listed in the stock market. The company's shares are listed at the issue price of Rs 790. This means that the company's stocks were listed with a huge premium of more than 77 per cent.
The stock was listed at Rs 1,400 on both BSE and NSE, representing a jump of 77.21 per cent from the issue price. After this, the company's stock increased by 79.30 per cent to Rs 1,416.50 on BSE. It jumped 79.11 per cent to Rs 1,415 on NSE.
The market valuation of the company during today's morning trade was Rs 8,622.14 crore. DOMS Industries' IPO received participation from institutional buyers. On the last day, the company's IPO was subscribed 93.40 times.
The company had launched an IPO of Rs 1,200 crore. There was a proposal for a fresh issue of up to Rs 350 crore and a sale of up to Rs 850 crore. The price band of the IPO was Rs 750-790 per share. The company will use the funds raised from this IPO to purchase instruments, watercolour pens, markers and highlighters as well as for general corporate purposes. It will also set up a new manufacturing facility to expand production capabilities.
