DOMS Industries IPO

DOMS Industries Limited

₹13,500 /18 sharesMinimum Investment

DOMS Industries IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹790.00₹1,302.00₹512.00 (64.81%)

DOMS Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
13 Dec ‘23 - 15 Dec ‘23₹13,50018₹750 - ₹790
Issue SizeIPO Doc
1200.00Cr
RHP PDF

Subscription Status As on 15 Dec '23, 5:00 PM

  • Qualified Institutional Buyers
    115.97x
  • Non-Institutional Investor
    66.47x
  • Retail Individual Investor
    69.10x
  • Employees
    28.75x
  • Total
    93.40x

About DOMS Industries

Founded on October 24, 2006, DOMS Industries engages in the design, development, manufacturing, and sale of a diverse array of stationery and art products. The company's primary brand, 'DOMS,' is recognized domestically and in more than 45 international markets. Specializing in seven distinct categories, including scholastic stationery, scholastic art material, paper stationery, kits and combos, office supplies, hobby and craft, and fine art products, DOMS Industries delivers well-designed and quality stationery and art materials to consumers. The company conducts its manufacturing operations from facilities in Umbergaon, Gujarat, Bari Brahma, Jammu and Kashmir. As of September 30, 2023, DOMS Industries has an extensive multi-channel distribution network. Their distribution network has a presence across India and also extends globally, spanning the Americas, Africa, Asia Pacific, Europe, and the Middle East. ;
Parent Organisation
DOMS Industries Limited
Founded
2006
Managing Director
Mr. Santosh Rasiklal Raveshia

Strengths & Risks

  • DOMS Industries ranks as the second-largest player in the Indian branded 'stationery and art' market with a market share of approximately 12% by value as of 2023.
  • The company has a wide range of product categories, including over 3,800 SKUs as of September 30, 2023.
  • The company operates a network of 13 manufacturing facilities in Umbergaon, Gujarat, covering around 34 acres of land, making it one of the largest stationery manufacturing facilities in India.
  • As of September 30, 2023, DOMS Industries manages 7 warehouses, 3 depots, over 120 super stockists, and a network of more than 4,000 distributors across 28 states and eight union territories.
  • In 2021, 2022, and 2023, along with the six months ending September 30, 2023, the company engaged in direct product exports through distribution partnerships, yielding revenues of Rs. 100.17 crore, Rs. 164.731 crore, Rs. 257.57 crore, and Rs. 144.19 crore, respectively.
  • A strategic alliance with FILA (Fabbrica Italiana Lapis ed Affini S.p.A.) has helped the company expand internationally in Asia Pacific, Europe, and Middle Eastern markets.
  • A significant portion of DOMS Industries' gross product sales, namely 60.23%, 59.06%, 59.54%, and 62.12% in the years 2021, 2022, 2023, and the six months ending September 30, 2023, is derived from the sale of key products. If the company is not able to sustain the quality and sales of these products, it might impact its financial performance.
  • Wooden pencils contribute a substantial portion, accounting for 36.99%, 33.35%, 31.66%, and 32.49% of gross product sales in the respective periods. Any decline in the sales of these key products, especially 'wooden pencils,' could adversely impact the company's business, operations, and financial condition.
  • There is a distribution risk as DOMS Industries heavily relies on its 'general trade' distribution network, contributing to more than 70.00% of gross product sales in the last three years and the six months ending September 30, 2023. Inefficient management of this network may harm the company's business, results, and financial well-being.
  • Dependence on FILA Group is another concern, particularly for export sales. If FILA ceases to be a Promoter, it may disrupt business operations, negatively affecting research and development and export capabilities.
  • The company’s reliance on limited suppliers for certain raw materials poses a risk, as failure to procure them at favorable terms could adversely impact business, financial condition, and operational results.
  • The company faced a loss of Rs. 6.026 crore in 2021, largely attributed to COVID-19-related lockdowns affecting domestic and export markets, especially educational institutions, offices, workplaces, and retail outlets.
  • Negative cash flows in previous financial years and the potential continuation of such trends in the future may adversely affect liquidity and operations.
  • The company's total borrowings reached Rs. 152.724 crore as of October 31, 2023. The company has an unsecured loan of Rs. 50 crores from Axis Bank Limited as of October 31, 2023.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular750 - 790₹2 Lakh
Employee675 - 715₹2 Lakh
High Networth Individual750 - 790₹2 - 5 Lakh
For DOMS Industries IPO, eligible investors can apply as Regular & Employee.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.7.4
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK MAHINDRA |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  BANDHAN |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  IDBI |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ |  BAJAJ

ABOUT GROWW