So far, the stock has hit a high of 1,416.50 and a low of 1,354.70. On the BSE, over 4.02 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of DOMS Industries was subscribed 93.52 times. The issue opened for bidding on 13 December 2023 and it closed on 15 December 2023. The price band of the IPO was fixed at Rs 750-790 per share.

The offer comprises fresh issue of up to Rs 350 crore and an offer for sale of up to Rs 850 crore.

The company proposed to utilize the net proceeds from the fresh issue towards part financing the cost of establishing a new manufacturing facility to expand its production capabilities for a wide range of writing instruments, water colour pens, markers and highlighters amounting Rs 280 crore and the balance towards general corporate purposes.

Doms Industries designs, develops, manufactures, and sells a wide range of stationery and art products, primarily under its flagship brand DOMS, in the domestic market as well as in over 45 countries internationally, as of September 30, 2023. The company has a wide and differentiated product category, which includes over 3,800 SKUs and is spread across scholastic stationery, scholastic art material, paper stationery, kits and combos, office supplies, hobby and craft and fine art products.

The company has an exclusive tie-up with certain entities of the FILA Group for the distribution and marketing of their products in South Asia.

The firm reported a net profit of Rs 70.63 crore and total income of Rs 761.80 crore for the six months ended on 30 September 2023.