The Price Band of the Offer has been fixed from ?750 per Equity Share to ?790 per Equity Share. Bids can be made for a minimum of 18 Equity Shares and in multiples of 18 Equity Shares thereafter
Ketan Mansukhlal Rajani (WTD DOMS Industries), Santosh Rasiklal Raveshia (MD, DOMS Industries) and Rahul Shah (CFO, DOMS Industries) addressing the IPO conference
FinTech BizNews Service
Mumbai, December 7, 2023: DOMS Industries proposes to open its initial public offering
(“Offer”) on Wednesday, December 13, 2023. Bid/ Offer Closing Date will be Friday,
December 15, 2023. Anchor Investor Bidding Date is one Working Day prior to Bid/Offer
Opening Date, that is, Tuesday, December 12, 2023.
The Price Band of the Offer has been fixed from ?750 per Equity Share to ?790 per Equity
Share. Bids can be made for a minimum of 18 Equity Shares and in multiples of 18 Equity
Shares thereafter.
The Offer consists of a fresh issue of such number of Equity Shares aggregating up
to ?3,500.00 million (the “Fresh Issue”) and an offer for sale of such number of Equity
Shares (“Offered Shares”) aggregating up to ?8,500.00 million comprising of Equity Shares
aggregating up to ?8,000.00 million by F.I.L.A.- Fabbrica Italiana lapis Ed Affini S.P.A., Equity
Shares aggregating up to ?250.00 million by Sanjay Mansukhlal Rajani, and Equity Shares
aggregating up to ?250.00 million by Ketan Mansukhlal Rajani (collectively, “Selling
Shareholders” and such offer for sale of by the Selling Shareholders, “Offer for Sale”).
This Offer includes a reservation of such number of Equity Shares aggregating up to ?50.00
million for subscription by Eligible Employees (the “Employee Reservation Portion”).
The Company, in consultation with the Book Running Lead Managers, may offer a discount
equivalent of ?75 per equity share to the Offer Price to Eligible Employees bidding under the
Employee Reservation Portion (“Employee Discount”). The Offer less the Employee
Reservation Portion is hereinafter referred to as the “Net Offer”.
The Company intends to use the proceeds of the Fresh Issue to part finance the cost of
establishing a new manufacturing facility to expand its production capabilities for a wide
range of writing instruments, water colour pens, markers and highlighters, at Survey Nos:
153, 154, 155/2, 159, 160, 161, 164, 165, 166, 168, 170, 172, 175, 180, 181, 370 and 391/P1,
Village: Dehri, Tal: Umbergaon, District Valsad, 396170, Gujarat, India as well as for general
corporate purposes.
The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of
the SEBI ICDR Regulations. This Offer is being made through the Book Building Process in
accordance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of
the Net Offer shall be available for allocation on a proportionate basis to Qualified
Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that the Company, in
consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor
Investors on a discretionary basis (the “Anchor Investor Portion”). One-third of the
Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids
being received from the domestic Mutual Funds at or above the price at which allocation is
made to Anchor Investors (“Anchor Investor Allocation Price”) in accordance with
the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the
Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other
than Anchor Investor Portion) (“Net QIB Portion”). Further, 5% of the Net QIB Portion
shall be available for allocation on a proportionate basis to Mutual Funds only, and the
remainder of the Net QIB Portion shall be available for allocation on a proportionate basis
to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the
Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of
the Net QIB Portion, the balance Equity Shares available for allocation in the
Mutual Fund Portion will be added to the remaining Net QIB Portion for
proportionate allocation to QIBs. Further, (a) not more than 15% of the Net Offer shall be
available for allocation to Non-Institutional Bidders (“Non-Institutional Portion”) (out
of which one third of the Non-Institutional Portion shall be reserved for Bidders with Bids
exceeding ?0.20million up to ?1.00million and two-thirds of the Non-Institutional Portion
shall be reserved for Bidders with Bids exceeding ?1.00 million) and under-subscription in
either of these two sub-categories of the Non-Institutional Portion may be allocated to
Bidders in the other sub-category of the Non-Institutional Portion in accordance with the
SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price); and
(b) not more than 10% of the Net Offer shall be available for allocation to Retail Individual
Bidders (“Retail Portion”) in accordance with the SEBI ICDR Regulations, subject to valid
Bids being received from them at or above the Offer Price. All potential Bidders, other than
Anchor Investors, are mandatorily required to participate in the Offer through the
Application Supported by Blocked Amount (“ASBA”) process by providing details of their
respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Bidders (defined
hereinafter), which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the
Sponsor Bank(s), as the case may be, to the extent of their respective Bid Amounts. Anchor
Investors are not permitted to participate in the Anchor Investor Portion through the ASBA
process. The Floor Price is 75 times and the Cap Price is 79 times the face value of the Equity
Shares.
The Equity Shares offered through the red herring prospectus dated December 2, 2023, (the
“RHP” or “Red Herring Prospectus”) are proposed to be listed on the BSE Limited
(“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the
“Stock Exchanges”)
JM Financial Limited, BNP Paribas, ICICI Securities Limited and IIFL Securities Limited are
the book running lead managers (“Book Running Lead Managers” or “BRLMs”) to the
Offer.
