Doms Industries made a striking debut in the stock market on Wednesday, with its shares entering the trading arena at a premium exceeding 70% above the IPO price. Upon its debut on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), the shares of DOMS Industries commenced trading at approximately ₹1,400, showcasing a remarkable 77% surge from its IPO price of ₹790.
Investing in the Doms Industries IPO could have been a fortunate move for those who secured an allotment, resulting in approximately 18 shares of the company. Presently, the value of these 18 shares would have escalated to ₹25,200.
During its subscription period from December 13 to December 15, the IPO of this prominent stationary brand witnessed robust demand. The subscription status reflected an overwhelming response, reaching 93.52 times the offered shares.
Remarkably, the qualified institutional buyer segment experienced an astounding subscription rate of 115.97 times. Non-institutional investors also displayed strong interest, subscribing at a rate of 66.51 times. Additionally, retail investors actively participated, contributing to a subscription rate of 69.67 times. The employee segment of the IPO witnessed a subscription rate of 29.21 times
Disclaimer: Millionaire Ideas & Blog doesn’t give financial advice. The above article is for educational purposes alone.
