4 months ago
72
Dec 20, 2023 10:34 AM IST
The stock listed at ₹1,400 on both the BSE and NSE, reflecting a jump of 77.21 per cent from the issue price.
HT Image Later, the stock zoomed 79.30 per cent to ₹1,416.50 on the BSE.
IPL 2024 Auction is here! Catch all the updates LIVE on HT. Join Now
At the NSE, it jumped 79.11 per cent to ₹1,415.
The company commanded a market valuation of ₹8,622.14 crore during morning deals.
The initial share sale of DOMS Industries received 93.40 times subscription on the final day of bidding on Friday, driven by overwhelming participation from institutional buyers.
The ₹1,200-crore Initial Public Offering (IPO) had a fresh issue of up to ₹350 crore and an offer for sale of ₹850 crore.
The price range for the offer was ₹750-790 a share.
Funds raised through the fresh issue would be used for setting up a new manufacturing facility to expand the company's production capabilities for a range of writing instruments, watercolour pens, markers and highlighters as well as for general corporate purposes.
Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away! -Login Now!
