Business

DOMS, India’s 2nd largest pencil maker, to launch Rs 1200 crore IPO

DOMS Industries, India’s second largest pencil manufacturing company after Hindustan Pencils, is preparing to launch its Initial Public Offering (IPO) of Rs 1200 crore. The company has filed all the documents and draft papers with SEBI for the IPO.

DOMS Industries Overview

Company NameDOMS
CountryIndia
IndustryStationery Manufacturing
Key ProductsNotebooks, pens, paper, office supplies, school supplies, writing instruments
Websitedomsindia.com
Year Founded2005
FounderRasiklal Amritlal Raveshia and Mansukhlal Jamnadas Rajani
Target MarketSchools, businesses, government offices, retail stores, consumers
HeadquartersGujarat, India

The company will use the funds raised through IPO for manufacturing a series of instruments, watercolor pens, markers as well as for general corporate purposes. They are also planning to expand their production capabilities and set up a new manufacturing unit.

The company has filed draft papers with market regulator SEBI for a total issue of Rs 1200 crore. According to the draft red herring prospectus (DRHP), the company’s IPO comprises a fresh issue of up to Rs 350 crore and an offer-for-sale by promoters worth up to Rs 850 crore.

DOMS Industries products and manufacturing facilities

The company has 11 manufacturing facilities available at Umargaon, Gujarat and Bari Brahma, Jammu and Kashmir. Along with the domestic market, the company’s products are sold in more than 40 countries internationally. This shows that the company’s products are of very good quality and the demand outside is also high.

  • Educational Stationary
  • Art Materials
  • Paper Stationary
  • Kits & Combos
  • Office Supplies
  • Hobbies & Crafts
  • Fine Art.
  • Their main products are pencils and mathematical instrument box.

DOMS Industries

DOMS is a Indian multinational company that manufacturer stationery products and Office Supplies. It was started in 1976 and located in Umbergaon, Gujarat. DOMS company has 30% market share in pencils and mathematical instrument boxes market.

Current Status:

  • Share Price (as of December 21, 2023): Rs 1,330.85 (on BSE)
  • Market Capitalization: Rs 6,654.25 crore

IPO:

  • Company: DOMS
  • Industry: Stationery Manufacturing
  • IPO Date: December 13-15, 2023
  • Issue Size: Rs 1,200 crore
  • Price Band: Rs 750-790 per share
  • Listing: BSE & NSE (December 20, 2023)

Performance:

  • Subscription: 93.52 times oversubscribed
  • Listing Day Performance: Shares opened at Rs 1,400 per share, a 77.2% premium to the issue price. Ended the day at Rs 1,302.95 per share, a 65% premium.

Hindustan Pencils: India’s largest pencil maker

Hindustan Pencils private Limited is the India’s largest pencil maker company. Nataraj, Apsara, Doms, Kokuyo Camlin and Colorama are the popular brands of this company. Hindustan Pencils has business in 50 countries. In India, the company has more than 45% market share and it make 8.5 million pencils a day.

Who is India’s largest Pencil maker company?

Hindustan Pencils private Limited is the India’s largest pencil maker company. The company has more than 45% market share and make 8.5 million pencils a day.

Who are the promoter of DOMS Industries?

The corporate promoter of Domes Industries are FILA (Fabbrica Italiana Lapis Ad Affini S.P.A.) and the individual promoters are Sanjay Mansukhlal Rajani, Ketan Mansukhlal Rajani and Raveshia.

Full form of DOMS in DOMS Industries?

DYNAMIC Organisation Manufacturing Stationery.

Does the company have its own distribution network?

Yes, the DOMS industries has pan India multi-channel distribution network. The network comprises of over 100 super-stockists and 3,750 distributors covering over 115,000 retail touch points across 3,500 cities and towns.

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