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News Details

07/12/2023 10:20

DOMS Industries announces launch of initial public offering

DOMS Industries Ltd. has announced public offering of 15189873 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 780.00 per share. The gross proceeds of the issue are expected to be Rs 1,20,000.00 lakhs.

The company's initial public offer (IPO) will open on 13 December 2023 and is expected to close on 15 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 750.00-790.00 per share.

The IPO includes a fresh Issue of 15189873 Equity Shares of the Company at an price of Rs 790.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 18 shares with bids in multiples of 18.

DOMS Industries Ltd. anticipates using the proceeds of the issue for Umbergaon, District Valsad, , Gujrat, India

 General corporate purposes.

ICICI SECURITIES LTD,JM Financial Limited,IIFL Securities Ltd.,BNP Paribas as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.