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DOMS Industries Restricted, a Mumbai-based firm identified for its vary of scholastic stationery and workplace provides, has obtained approval from the Securities and Trade Board of India (SEBI) for an Preliminary Public Providing (IPO) valued at ₹12 billion. The announcement made at present signifies that the corporate is poised for vital enlargement, with plans to make the most of the funds for establishing new manufacturing services aimed toward broadening its product choices, together with water color pens.
The IPO consists of a contemporary problem amounting to ₹3,500 million and an Provide for Sale (OFS) of ₹8,500 million, with company promoter F.I.L.A. S.p.A planning to promote shares price ₹8,000 million. Moreover, particular person stakeholders Sanjay and Ketan Rajani are every anticipated to divest shares totaling ₹250 million. This strategic transfer is about to reinforce DOMS Industries’ manufacturing capabilities, significantly within the writing and coloring instruments section.
The corporate’s choice to go public follows a interval of sturdy income development from Fiscal 12 months 2020 to 2022. DOMS Industries has efficiently captured a major market share in pencils as indicated by FY23 information. With a multi-channel distribution community that reaches over 115,000 retail factors throughout the nation, the corporate’s presence within the Indian market is in depth.
A consortium of ebook runners, together with JM Monetary, BNP Paribas (OTC:), ICICI Securities, and IIFL Securities, is managing the IPO course of.
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