Starting today, people can take part in the IPO opportunity. The company, Doms Industries Limited, is making available its IPO worth Rs 1200 crore for retail investors as of today.
In this IPO, the company will issue 0.44 crore new shares and 1.08 crore shares for sale.
It’s important to note that investors can subscribe to this IPO until December 15.
What’s the price range?
The company has set the price range for shares with a face value of Rs 10 at Rs 750 to Rs 790.
A single lot of Doms Industries Limited consists of 18 shares, requiring investors to bet at least Rs 14,220.
Retail investors also have the option to place bets on 14 lots simultaneously. It’s worth mentioning that 10 percent of the IPO is reserved for retail investors.
Employees are being offered a discount of Rs 75 per share. Post-IPO, the promoters’ shareholding will decrease from 100 percent to 74.97 percent.
Company’s performance in the gray market (DOMS Industries Limited IPO GMP Today)
In the gray market, Doms Industries Limited’s IPO is trading at a premium of Rs 495.
This implies that if the current trend continues until the company is listed, the IPO might be listed on the stock market at Rs 1285.
It’s important to know that the shares will be allotted on December 18, and listing is expected on December 20.
