Doms Industries marked a remarkable entry into the stock market on Wednesday, as its shares debuted at a premium of more than 70% above the IPO price. On the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), DOMS Industries’ shares opened at around ₹1,400, reflecting a 77% increase from its IPO price of ₹790.

The Investment: If you subscribed to the Doms Industries IPO and were lucky enough to get allotment, you would have had around 18 shares of the company. Today, the value of those 18 shares would have surged up to ₹25,200.

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IPO Overview: The IPO of the prominent stationary brand experienced robust demand throughout its subscription period, which ran from December 13 to December 15. The final day concluded with an overall subscription status of 93.52 times the offered shares.

The qualified institutional buyer segment saw an astonishing 115.97 times subscription. Non-institutional investors displayed strong enthusiasm, with a subscription rate of 66.51 times. Retail investors actively participated as well, contributing to a subscription of 69.67 times. The employee portion of the IPO witnessed a subscription of 29.21 times.

Domestic brokerages such as Ventura, Hem Securities, and KRChoksey had given a “subscribe” rating for the IPO.

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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.