DOMS Industries Limited raises ₹ 538 crore from 55 anchor investors at the upper price band of ₹790 per equity share

DOMS Industries Limited, has allotted 68,06,961 Equity Shares to 55 anchor investors and raised ₹ 538 crores ahead of company’s proposed IPO at the upper price band of ₹ 790 per equity share (including premium of ₹ 750 per equity shares) with face value of ₹ 10 per share.

The anchor book saw participation from a wide variety of marquee investors, including Goldman Sachs Fund, Fidelity Fund, Abu Dhabi Investment Authority, Motilal Oswal Fund, HDFC MF, ICICI Prudential, Tata AIA Life Insurance, Max Life Insurance, HDFC Life, Aditya Birla Sun Life, SBI Fund, Axis Fund, Nippon Life India, Axis MF, etc.

Out of the total allocation of 68,06,961 Equity shares to the Anchor Investors, 25,95,960 Equity shares (i.e.  38.14% of the total allocation to the Anchor Investors) were allocated to 10 domestic mutual funds that have applied through a total 27 schemes.

The Offer consists of a fresh issue of such number of Equity Shares aggregating up to ₹3,500.00 million and an offer for sale of such number of Equity 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.

The Company intends to use the proceeds of the Fresh Issue are proposed to be utilized for the part funding of the cost of establishing a new manufacturing facility to expand the company’s production capabilities for a wide range of writing instruments, water colour pens, markers and highlighters as well as for general corporate purposes.

JM Financial Limited, BNP Paribas, ICICI Securities Limited and IIFL Securities Limited are the Book Running Lead Managers to the issue.