Has the share of any company given you a big shock in the stock market? Have you suffered significant losses? Then just wait for a few more days, pencil maker DOMS can cancel your ‘poverty’, the company’s IPO is about to come and like Flair Writing, there is a lot of buzz in the market about its shares too.
DOMS IPO will open on 13 December 2023 and close on 15 December. This is one of the largest stationery companies in India. For the IPO, the company has kept the share price between Rs 750 and Rs 790. The company wants to raise Rs 1200 crore through IPO.
There is tremendous buzz in ‘grey market’
There is tremendous momentum in the stock market regarding the IPO of DOMS. Its shares are trading at a huge premium in the gray market. Its GMP (Grey Market Premium) is running at Rs 385. This is a growth of 48.73 percent compared to the issue price of Doms. That means its listing price is expected to be Rs 1175.
By the way, GMP of Doms has touched Rs 481. Before this, another stationery company Flair Writing has entered the market. Its shares were listed with a premium of 65 percent. However, investing in the stock market is risky. Therefore, you must consult your financial advisor before investing.
DOMS is a big stationery company
DOMS is one of the largest stationery companies in the country. You will find its products in most supermarkets. If you want to invest in its IPO, then you will have to buy a lot of minimum 18 shares. At the same time, the employees of the company are being offered a discount of Rs 75 on the share price. The business of this company is spread in 40 countries of the world. The company’s market share within the country is 29 to 30 percent.
