DOMS Industries IPO Set to Open on December 13: GMP, Key Dates, and Other Details

In a significant development, DOMS Industries Limited is poised to make history with its initial public offering (IPO) scheduled for December 13, 2023. Notably, the IPO, subject to the recently implemented T+3 listing rule from December 1, 2023, will be the first mainboard IPO to grace the primary markets this month.

The DOMS Industries IPO is set to kick off on December 13, 2023, with the bidding window remaining open until December 15, 2023. With an ambitious goal of raising ₹1200 crore from the public offer, investors are eagerly awaiting the announcement of the IPO price band.

Adding to the anticipation, shares of DOMS Industries Limited have already made an appearance in the grey market. According to market observers, these shares are currently trading at a premium of ₹170.

Here are the key details you need to know about the DOMS Industries IPO:

1. DOMS Industries IPO GMP (Grey Market Premium): Market observers report that shares of the company are trading at a premium of ₹170 in the grey market today.
2. DOMS Industries IPO Date: The public issue is scheduled to open on December 13, 2023, and will close on December 15, 2023. However, an official notification from BSE and NSE is awaited.
3. DOMS Industries IPO Size: The company aims to raise ₹1200 crore through this public offer, with ₹350 crore earmarked for the issuance of fresh shares and the remaining ₹850 crore reserved for the offer for sale (OFS) route.
4. DOMS Industries IPO Allotment Date: With the new T+3 listing rules in place, the IPO allotment date for DOMS Industries is likely to be on December 18, 2023, considering that December 16th and 17th fall on the weekend, and IPO share allocations are typically not announced on weekends.
5. DOMS Industries IPO Registrar: Link Intime India Private Ltd has been appointed as the official registrar for the public issue.
6. DOMS Industries IPO Listing: The public offer is slated for listing on both BSE and NSE.
7. DOMS Industries IPO Listing Date: With the mandatory T+3 listing in effect from December 1, 2023, the expected listing date for DOMS Industries IPO is December 20, 2023.

As outlined in its Red Herring Prospectus (RHP), DOMS Industries plans to utilize the net proceeds of ₹350 crore from the fresh issue to establish a new manufacturing facility, thereby expanding production capabilities and addressing other corporate needs.