In early trading on Thursday, DOMS share prices experienced a notable 8% decline, signaling profit booking after an outstanding debut on Dalal Street. The shares dipped by 7.99%, reaching ₹1,224.40 apiece on the BSE.
The Dalal Street debut for DOMS Industries on December 20 was remarkable, as its shares were listed with a substantial premium of 77.2% at ₹1,400 on both the NSE and the BSE, surpassing the issue price of ₹790.
During the public issue from December 13 to December 15, DOMS Industries IPO garnered a robust response from investors, with a subscription rate of 93.52 times. The total bids received amounted to 82.64 crore shares against an IPO size of 88.37 lakh.
On the listing day, DOMS Industries closed at ₹1,302.95 on the NSE, presenting a 65% premium over the IPO price, and at ₹1,330.85 on the BSE, reflecting a premium of 68.46%.
However, the closing price on December 20 witnessed a nearly 7% decline from the listing price on the NSE and a roughly 5% drop on the BSE.
As of 9:40 am, DOMS Industries share price was trading at ₹1,278.55 apiece on the BSE, marking a 3.93% decrease.
Investors are keenly observing the market dynamics surrounding DOMS shares in the wake of the profit booking trend, with the stock’s performance poised to remain in focus in the coming sessions.
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