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Monday, December 18, is when DOMS Industries is most likely to reveal the basis of allotment for its recently concluded initial public offering. It is possible that by Tuesday, December 19, the applicants will receive emails or messages regarding the debit of funds or the revocation of mandates. Investors had responded enthusiastically to the stationery and art products player’s main offering.

The primary stake sale by DOMS Industries, which took place between December 13 and December 15, was priced between Rs 750 and Rs 790 per share, with a lot size of 18 shares. With the help of a new share sale worth Rs 350 crore and an offer-for-sale (OFS) of up to 10,759,493 equity shares, the company hoped to raise approximately Rs 1,200 crore through its primary offering.

Due to intense bidding by qualified institutional bidders (QIBs), whose quota was booked 115.97 times, the issue was subscribed 93.52 times overall. There were 66.51 subscriptions made to the category for non-institutional investors. During the three-day bidding process, the quota set aside for employees and retail investors was subscribed 69.67 times and 29.21 times, respectively.

DOMS Industries’ grey market premium (GMP) has increased significantly as a result of the intense bidding from various investor categories. As of the last hearing, the company was asking a premium of Rs 540–550 per share, indicating a roughly 70% listing premium for investors. However, it was approximately Rs 490–500 prior to the issue’s bidding starting.

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