The offer’s anchor book will be open for a day on December 12, and the issue will end on December 15.

The IPO consists of a fresh issue of Rs 350 crore in shares by Doms and an offer-for-sale (OFS) of Rs 850 crore in shares by the promoters. This means that 70% of the funds will go to selling stockholders.

The corporate promoter, FILA- Fabbrica Italiana Lapised Affini SpA, will sell Rs 800 crore worth of shares in the OFS, with an average cost of acquisition of these shares of Rs 101.53 apiece.

The OFS will be sold by promoters Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani for Rs 25 crore apiece.

FILA, an Italian business, owns 51 percent of the corporation, with Santosh Rasiklal Raveshia, the second largest stakeholder among promoters, owning 17 percent.

According to the red herring prospectus filed on December 2, Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani each own 8.63 percent of the company, while Chandni Vijay Somaiya, Sejal Santosh Raveshia, and Sheetal Hiren Parpani each own 4 percent.

Doms, which has a market share of 29 percent and 30 percent in core products such as pencils and mathematical instrument boxes in FY23, will use net fresh issue proceeds to build a new manufacturing facility to expand production capabilities for a wide range of writing instruments, water color pens, markers, and highlighters. The remainder of the monies will be used for general corporate reasons.

The sale includes a reserve of up to Rs 5 crore in shares for firm personnel. The net issue is the IPO minus the employee part.

The Gujarat-based company, which sells stationery and art products primarily under its flagship brand DOMS, has set aside 75% of the net offer size for qualified institutional buyers, 15% for high net worth individuals (non-institutional investors), and 10% for retail investors.

Doms, the second largest player in India’s branded stationery and art products market by value in FY23, has clocked healthy financial performance in recent years, with net profit increasing 567.2 percent year on year to Rs 95.8 crore for the fiscal year ended March FY23, revenue from operations increasing 77.3 percent year on year to Rs 1,212 crore, and EBITDA (earnings before interest, tax, depreciation, and amortisation) rising 149% year on year to Rs 186.7 crore EBITDA margin increased dramatically to 15.4 percent in FY23, up from 10.96 percent in FY22.

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The company reported a net profit of Rs 70.63 crore on revenue of Rs 761.8 crore for the six-month period ending September FY24.

After closing the public issue on December 15, the firm in consultation with the BSE will finalise the basis of allotment of IPO shares by December 18, while equity shares will be credited to demat accounts of successful investors by December 19.

The trading of equity shares on the NSE and BSE will begin on December 20.

The issue’s merchant bankers are JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities, while the registrar is Link Intime India.

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