Doms Industries sets price band at Rs 750-790 for Rs 1,200 crore IPO

Doms Industries, the second-largest pencil-maker, sets a price band of Rs 750-790 for its Rs 1,200 crore IPO.

Source: Doms Industries

The IPO includes Rs 850 crore for an offer for sale (OFS) and Rs 350 crore for a fresh issue.

Source: Doms Industries

Fila of Italy, the single largest shareholder, will conduct the Rs 800 crore OFS, diluting its 51% holding.

Source: Doms Industries

Promoter families will also dilute shares, with Sanjay and Ketan Rajani each selling Rs 25 crore worth of shares.

Source: Doms Industries

The IPO offers a reserved share allotment of up to Rs 5 crore for eligible employees at a discounted price of Rs 75 per share.

Source: Unsplash

Proceeds will fund a Rs 453.57 crore capex project for a new manufacturing facility, expanding production capabilities in Umbergaon.

Source: Unsplash