FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
DOMS INDUSTRIES LIMITED |
Our Company was orignaiy incorporated as 'Writefine Products Private Limited" as a private limited company under the Companies Act. 1956. pursuant to a certificate of incorporation dated October 24.2005. issued by the Registrar ol Companies. Gujarat. Dadra and Nagar HaveB. The name of our Company was subsequently changed to 'DOUS Industries Private Umted and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companes. Gujarat at Ahmedabad ("RoC") on April 21,2017. Upon the conversion of cur Company into a public limited company, pursuant to the approval accorded by our Shareholders at their extra-ordinary general meeting held on July 14,2023. the name of our Company was changed to "DOMS Industries Lmted and a fresh certificate of incorporation consequent upon change of name upon conversion to pubic limited company was issued to our Company by the RoC on August 3.2023. For further details relating to the changes n the name of our Company and the Regstered Office of cur Company soe the secton titled "History and Certain Corporate Matters' onpage237ofthe prospectus dated December 15.2023 filed with the RoC ("Prospectus').
Registered Office : J 19, G.l D C, Opp. Telephone Exchange, Umbergaon 396 171, Disl Valsad. Gujarat, Intka; Corporate Office : Plot No 117, 52 Hector Expansion Area, GIDC. Umbergaon 396 171. Dist. Valsad, Gujarat India Contact Person : Mitesh Pada, Company Secretary and Compliance Officer Telephone +91 7434888445 E-mail ir@domsindia.com Website www.domsindia.com Corporate Identity Number U36991GJ2096PLC049275. |
PROMOTERS OF OUR COMPANY: SANTOSH RASIKLAL RAVESHIA, SANJAY MANSUKHLAL RAJANI, KETAN MANSUKHLAL RAJANI, CHANDNI VIJAY SOMAIYA, AND F.I.L.A. - FABBRICA ITALIANA LAPIS ed AFFINI S.p.A. |
Our Company has filed the Prospectus with the RoC and the Equity Shares are proposed to be listed on the Main Board of the BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") and the trading will commence on Wednesday, December 20,2023.
BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFERING OF 15,196,510 EQUITY SHARES OF FACE VALUE OF M0 EACH ("EQUITY SHARES") OF DOMS INDUSTRIES LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 790^ PER EQUITY SHARE (INCLUDING A PREMIUM OF Rs. 780 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO Rs. 2.000.00 MILLION ("OFFER"). COMPRISING A FRESH ISSUE OF 4.437,018 EQUITY SHARES AGGREGATING TO Rs. 3,500.00 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 10.759.492 EQUITY SHARES ("OFFERED SHARES") AGGREGATING TO Rs. 8,500.00 MILLION COMPRISING OF 10,126,582 EQUITY SHARES AGGREGATING TO Rs. 8.000.00 MILLION BY F.I.L.A. - FABBRICA ITALIANA LAPIS od AFFINI S.p.A., 316,455 EQUITY SHARES AGGREGATING TO Rs. 250.00 MILLION BY SANJAY MANSUKHLAL RAJANI AND 316,455 EQUITY SHARES AGGREGATING TO Rs. 250.00 MILLION BY KETAN MANSUKHLAL RAJANI (COLLECTIVELY, "SELLING SHAREHOLDERS" AND SUCH OFFER FOR SALE OF EQUITY SHARES BY THE SELLING SHAREHOLDERS, "OFFER FOR SALE").
THE OFFER INCLUDED A RESERVATION OF 69,930 EQUITY SHARES AGGREGATING TO Rs. 50.00 MILLION (CONSTITUTING 0.12% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY) FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE EMPLOYEE RESERVATION PORTION"). OUR COMPANY. IN CONSULTATION WITH THE BOOK RUNNING LEAD MANAGERS, OFFERED A DISCOUNT OF 9.49% (EQUIVALENT OF Rs. 75 PER EQUITY SHARE) TO THE OFFER PRICE TO ELIGIBLE EMPLOYEES BIDDING UNDER HE EMPLOYEE RESERVATION PORTION ("EMPLOYEE DISCOUNT"). THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER CONSTITUTE 25.04% AND 24.93%, <ESPECTIVELY OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
^A DISCOUNT OF Rs. 75 PER EQUITY SHARE WAS OFFERED TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION.
ANCHOR INVESTOR OFFER PRICE: l 790 PER EQUITY SHARE OF FACE VALUE OF ? 10 EACH |
OFFER PRICE: Rs. 790^ PER EQUITY SHARE OF FACE VALUE OF l 10 EACH |
THE OFFER PRICE IS 79.00 TIMES OF THE FACE VALUE OF THE EQUITY SHARES |
^A DISCOUNT OF l 75 PER EQUITY SHARE WAS OFFERED TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION |
RISKS TO INVESTORS |
1 Loss in past - We have incurred a loss of ^60.26 million in Fiscal 2021 predominantly due to COVID-19 related lockdown, which resulted in the closure of domestic and export markets, especially educational institutions, offices and workplaces and retail outlets. If we fail to maintain profitability and incur losses again, our business operations and growth strategy will be adversely affected.
2 Negative cash flows - We have had negative cash flows in previous financial years and may continue to have negative cash flows in the future, which could adversely affect our liquidity and operations.
3 Competition risk - We face significant competitive pressures in our business. Our inability to compete effectively would have a material adverse effect on our business, prospects, operations orfinancial results.
4 Dependence on FILA - We are dependent on the FILA Group for our business operations and in particularforourexport sales. (Amount Rs. in million)
Distribution network | Fiscal 2021 |
Fiscal 2022 |
Fiscal 2023 |
Six months period ended September 30,2023 |
Amount of Export sales to FILAGroup | 693.13 |
1,065.31 |
1,586.07 |
854.82 |
% of Gross Product Sales | 16.78 |
15.37 |
12.88 |
11.00 |
% of Total Export Sales | 69.19 |
64.67 |
61.58 |
59.28 |
In the event FILA ceases to be our Promoter, it may affect our business operations, adversely impact our R&D and export capabilities. Further, any damage to the reputation of the FILAGroup may adversely affect our business, results of operations and financial condition. Further, FILA is a major Selling Shareholder and is selling Equity Shares aggregating upto Rs. 8,000 million in the Offer.
5 Supply risk - We have not entered into any formal contracts or exclusive arrangement with our suppliers from whom we procure materials consumed by us for our manufacturing process. Further, we are dependent on certain limited suppliers for some of our raw materials. In the event, we are unable to procure such materials at terms favourable to us, or at all, our business, financial condition and results of operations may be adversely affected.
6 Disassociation by F.I.L.A.- Fabbrica Italiana Lapis ed Affini S.p.A. - We cannot assure you that our Corporate Promoter, F.I.L.A.- Fabbrica Italiana Lapis ed Affini S.p.A. will not dilute its entire shareholding in our Company and/or not dissociate from our Company in the future, which may have a material adverse effect on our business operations, research and development and export capabilities.
7 Product concentration risk - We derived a significant portion amounting to 60.23%, 59.06%, 59.54% and 62.12% of our Gross Product Sales in Fiscals 2021,2022 and 2023, and the six months period ended September 30, 2023 respectively, from the sale of our key products and a significant portion amounting to 36.99%, 33.35%, 31.66% and 32.49% of our Gross Product Sales in Fiscals 2021,2022,2023 and the six months period ended September 30,2023, respectively is attributable to the sale of 'wooden pencils'. Any decline in the Gross Product Sales of our key products in general or specifically 'wooden pencils' could have an adverse effect on our business, results of operations and financial condition.
8 Distribution risk - We are dependent on our general trade' distribution network for a significant portion (more than 70.00%) of our Gross Product Sales in each of the last three Fiscals and the six months period ended September 30,2023. Failure to manage our general trade' distribution network efficiently could have an adverse impact on our business, results of operations and financial condition.
9 Litigation - There is an outstanding civil litigation against our Company by one of our listed peers for the recovery of ? 0.50 million. An adverse judgment could have an adverse impact on our business, financial condition, results of operations and future cash flows.
10 Manufacturing facilities - Our manufacturing operations are undertaken at our Umbergaon Manufacturing Facilities and Jammu Manufacturing Facility. Any disruption, breakdown or shutdown of our Umbergaon Manufacturing Facilities and Jammu Manufacturing Facility may have a material adverse effect on our business, results of operations and financial condition.
11 Inability to assess consumer preference and demand - Our success depends on our ability to promptly identify and respond to changing consumer preferences or evolving trends and successfully launch new products or stock keeping units in the market. Failure to do so may decrease the demand for our products among our consumers, which may adversely affect our business, results of operations and financial condition.
12 The Offer comprises Fresh Issue by our Company and an Offer for Sale by the Selling Shareholders. Our Company will not receive any proceeds from the Offer for Sale.
13 Fresh Issue proceeds - Substantial portion of the Net proceeds will be used for funding our capital expenditure requirements for establishing the Proposed Project
which may be subject to the risk of unanticipated delays in implementation, cost overruns and other risks and uncertainties.
14 The average cost of acquisition of Equity Shares by our Promoters and the Selling Shareholders as at the date of the Prospectus is set forth below:
Name of Promoter/ Selling Shareholder | Number of Equity Shares held |
Average cost of acquisition per Equity Share (?)* |
Promoters | ||
F.I.L.A- Fabbrica Italiana Lapis ed Affini S.p.A" | 28,687,735 |
101.53 |
Santosh Rasiklal Raveshia | 9,562,679 |
0.07 |
Sanjay Mansukhlal Rajani"" | 4,854,952 |
0.03 |
Ketan Mansukhlal Rajani" | 4,854,952 |
0.03 |
Chandni Vijay Somaiya | 2,249,900 |
0.07 |
*As certified by M. I. Shah &Co.. CharteredAccountants, pursuant to their certificate dated December 15,2023. Also a Setting Shareholder.
15 The details of Price/Earnings, Earnings per share, Return on networth and NAV as on and for the year ended March 31,2023 are as follows
Particulars | Price/Earnings (Based on diluted EPS) |
Earnings per share (?) |
Return on Networth (%) |
Net Asset Value per Equity Share (?) |
Company (DOMS Industries Limited) | 43.19* |
18.29 |
28.39 |
59.99 |
Average of Industry Peers | 35.98 |
12.32 |
18.84 |
60.69 |
*At upper end of the price band which is also the Offer Price.
16 The weighted average return on networth for the last three financial years is 15.49%
17 The details of market value to total turnover and the P/E Ratio on the upper
end/lower end of the price band are as below:
Particulars | Market capitalization / Total income |
P/E Ratio^ |
||
Cap Price* |
Floor Price |
Cap Price* |
Floor Price |
|
Company (DOMS Industries Limited) | 3.94 |
3.76 |
43.19 |
41.01 |
^
Based on EPS for Financial Year ended March 31.2023.*Cap Price is also the Offer Price.
18 Weighted average cost of acquisition of all Equity Shares transacted in last three
years, 18 months and one year preceding the date of the Prospectus
Period | Weighted average cost of acquisition per Equity Share (in Rs. )* |
Cap Price** is x' times the weighted average cost of acquisition |
Range of acquisition price per Equity Share: lowest price- highest price (in Rs.)* |
Last one year | Nil5 |
NA |
NA" |
Last 18 months | Nil5 |
NA |
NA" |
Last three years | Nil5 |
NA |
NA' |
*
Acquisition of Equity Shares through bonus issue in the ratio of 150 Equity Shares for every one existing Equity Share held, undertaken on July 6,2023, hence the acquisition price is nil.'Range of acquisition price per Equity Share has been mentioned as N.A. since there have been no transactions (excluding Equity Shares issued pursuant to bonus issuance) in Equity Shares in the last three years preceding the date of the Prospectus
*As certified by M.l. Shah & Co., Chartered Accountants, pursuant to their certificate dated December 15,2023.
**Cap Price is also the Offer Price.
19 The four BRLMs associated with the Offer have handled 90 public Issues in the past three financial years, out of which 26 Issues closed below the offer price on listing date:
Name of the BRLMs | Total public Issues |
Issues closed below price on listing date |
JM Financial Limited* | 17 |
2 |
BNP Paribas* | 0 |
0 |
ICICI Securities Limited* | 22 |
8 |
IIFL Securities Limited* | 18 |
7 |
Common Issues of above BRLMs | 33 |
9 |
Total | 90 |
26 |
*Issues handled where there were no common BRLMs
BID/ OFFER PERIOD |
ANCHOR INVESTOR BIDDING DATE |
OPENED AND CLOSED ON: TUESDAY, DECEMBER 12, 2023 |
BID/OFFER OPENED ON: WEDNESDAY, DECEMBER 13, 2023 |
BID/OFFER CLOSED ON: FRIDAY, DECEMBER 15, 2023 |
The Offer was made in terms of Rule 19(2)(b)of the SCRR read with Regulation 31 of the SEBIICDR Regulations. This Offer was made through the Book Building Process in accordance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the"QIB Portion"). Our Company, in consultation with the BRLMs, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis (the "Anchor Investor Portion") One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids having been received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors ('Anchor Investor Allocation Price') in accordance with the SEBI ICDR Regulations Further. 5% of the QIB Portion (other than Anchor Investor Portion) ("Net QIB Portion") was made available for allocation on a proportionate basts to Mutual Funds only, and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to ail QIBs. Including Mutual Funds, subject to valid Bids having been received at or above the Offer Price. Further, (a) not more than 15% of the Net Offer was made available for allocation to Non-institutional Bidders ('Non-institutional Portion') (out of which one-third was reserved for Bidders with Bids exceeding Rs. 0.20 million up to Rs.1.00 million and two-thirds was reserved for Bidders with Bids exceeding Rs. 1.00 million); and (b) not more than 10% of the Net Offer was made available for allocation to Retail Individual Bidders ("Retail Portion") in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Offer Price. All potential Bidders, other than Anchor Investors, were mandatory required to participate in the Offer through the Application Supported by Blocked Amount ("ASBA") process and were required to provide details of their respective ASBA Account and UPI ID in case of UPI Bidders, which was blocked by the Self Certified Syndicate Banks ("SCSBs") or the Sponsor Bank(s). as the case may be. to the extent of their respective Bid Amounts Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For details see the section titled 'Offer Procedure' on page 433 of the Prospectus
The Bidding for Anchor Investors opened and closed on Tuesday. December 12,2023. Our Company received 55 applications from 33 Anchor Investors (including 10 domestic Mutual Funds through 27 Mutual Fund schemes) for 70,59.744 Equity Shares The Anchor Investor Offer Price was finalized at Rs. 790 per Equity Share. A total of 68.06.961 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 5.37.74,99,190.
The Offer received 47.30.976 applications for 83.57.35.248 Equity Shares (prior to rejections) resulting in 55.00 times subscription as disclosed in the Prospectus. The details of the applications received in the Offer from various categories are as under (before rejections):
Sr.No. | Category |
No. of Applications Received |
No. of Equity Shares Applied |
No. of Equity Shares available for allocation as per Prospectus |
No. of times Subscribed |
Amount (Rs.) |
A | Retail Individual Bidders |
44,04,480 |
11,30,21,244 |
15.12658 |
74 72 |
89,29,50,29,550 |
B | Non-lnstitutional Bidders - More than Rs. 0.20 million Up to Rs. 1.00 million |
1.75.925 |
5,19.64,326 |
7.56.329 |
68.71 |
41.04.86.55.948 |
C | Non-lnstitutional Bidders - Above Rs. 1 00 million |
79.263 |
10,88,77,590 |
15.12.658 |
71.98 |
86,01,15.80.232 |
D | Eligible Employees |
71,031 |
20,81,484 |
69.930 |
29.77 |
1,48,75,17,030 |
E | Qualified Institutional Bidders (excluding Anchors investors) |
222 |
55,27,30,860 |
45.37.974 |
121.80 |
4.36,65.73.79,400 |
F | Anchor Investors |
55 |
70,59,744 |
68.06.961 |
1.04 |
5,57.71,97,760 |
Total |
47,30,976 |
83,57,35,248 |
1.51.96.510 |
55.00 |
6.60,07.73.59,920 |
Final Demand
A summary of the final demand as per BSE and NSE as on the Bid''Offer Closing Date and as at different Bid prices is as under:
Sr. No. | Bid Price (7) |
No. of Equity Shares |
% to Total |
Cumulative Total |
Cumulative % to Total |
1 | 750 |
7.42,374 |
0.09 |
7.42.374 |
0.09 |
2 | 751 |
22.374 |
0.00 |
7,64,748 |
0.09 |
3 | 752 |
7.380 |
0.00 |
7,72,128 |
0.09 |
4 | 753 |
3,078 |
0.00 |
7,75,206 |
0.09 |
5 | 754 |
1.890 |
0.00 |
7,77,096 |
0.09 |
6 | 755 |
41,706 |
0.00 |
8,18,802 |
0.10 |
7 | 756 |
4.122 |
0.00 |
8,22,924 |
0.10 |
8 | 757 |
2.016 |
0.00 |
8.24,940 |
0.10 |
9 | 758 |
2.340 |
0.00 |
8,27,280 |
0.10 |
10 | 759 |
1,476 |
0.00 |
8.28.756 |
0.10 |
11 | 760 |
1,64.070 |
0.02 |
9,92,826 |
0.12 |
12 | 761 |
2,790 |
0.00 |
9,95,616 |
0.12 |
13 | 762 |
2,376 |
0.00 |
9,97,992 |
0.12 |
14 | 763 |
3,510 |
0.00 |
10,01,502 |
0.12 |
15 | 764 |
720 |
0.00 |
10,02,222 |
0.12 |
16 | 765 |
30.942 |
0.00 |
10,33,164 |
0.12 |
17 | 766 |
2.628 |
0.00 |
10.35,792 |
0.12 |
18 | 767 |
2.358 |
0.00 |
10,38,150 |
0.12 |
19 | 768 |
3,798 |
0.00 |
10.41,948 |
0.12 |
20 | 769 |
4,032 |
0.00 |
10,45,980 |
0.12 |
21 | 770 |
2.44.494 |
0.03 |
12,90,474 |
0.15 |
22 | 771 |
4,644 |
0.00 |
12,95,118 |
0.15 |
23 | 772 |
1.944 |
0.00 |
12,97,062 |
0.15 |
24 | 773 |
1,062 |
0.00 |
12,98,124 |
0.15 |
25 | 774 |
3.870 |
0.00 |
13,01,994 |
0.15 |
26 | 775 |
72,954 |
0.01 |
13,74.948 |
0.16 |
27 | 776 |
1,512 |
0.00 |
13,76,460 |
0.16 |
28 | 777 |
16,740 |
0.00 |
13.93.200 |
0.16 |
29 | 778 |
6.012 |
0.00 |
13,99,212 |
0.16 |
30 | 779 |
2,232 |
0.00 |
14.01.444 |
0.16 |
31 | 780 |
2,37,762 |
0.03 |
16,39,206 |
0.19 |
32 | 781 |
4.392 |
0.00 |
16,43,598 |
0.19 |
33 | 782 |
5,202 |
0.00 |
16,48,800 |
0.19 |
34 | 783 |
8.352 |
0.00 |
16.57.152 |
0.19 |
35 | 784 |
2,088 |
0.00 |
16.59.240 |
0.20 |
36 | 785 |
89.424 |
0.01 |
17.48,664 |
0.21 |
37 | 786 |
15.372 |
0.00 |
17.64.036 |
0.21 |
38 | 787 |
20,232 |
0.00 |
17,84,268 |
0.21 |
39 | 788 |
1.29.096 |
0.02 |
19,13,364 |
0.22 |
40 | 789 |
1,79.784 |
0.02 |
20,93,148 |
0.25 |
41 | 790 |
73,13,97,312 |
85.99 |
73,34,90,460 |
86.23 |
42 | CUT-OFF |
11.70.91.764 |
13.77 |
85.05.82.224 |
100.00 |
TOTAL |
85,05,82,224 |
100.00 |
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the BSE. on Monday. December 18.2023.
A. Allotment to Retail Individual Bidders (after rejections) (including ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Offer Price of Rs. 790 per Equity Share, was finalized in consultation with the BSE. This category has been subscnbed to the extent of 70.14 times. The total number of Equity Shares Allotted in the Retail Portion is 15,12,658 Equity Shares to 84,036 successful Retail Individual Bidders. The category-wise details of the Basis of Allotment are as under:
Sr. No. | Category |
No. of Applications Received |
% of Total |
Total No. of Equity Shares Applied |
% to Total |
No. of Equity Shares Allotted per Bidder |
Ratio |
Total No. of Equity Shares Allotted |
1 | 18 |
36.00,725 |
87.18 |
6.48.13,050 |
61.08 |
18 |
7:344 |
13,18,698 |
2 | 36 |
2,57,187 |
6.23 |
92,58,732 |
8.73 |
18 |
7:344 |
94,194 |
3 | 54 |
86.163 |
2.09 |
46,52,802 |
4.39 |
18 |
7:344 |
31,554 |
4 | 72 |
37,689 |
0.91 |
27,13,608 |
2.56 |
18 |
7:344 |
13,806 |
5 | 90 |
36,606 |
0.89 |
32.94,540 |
3.11 |
18 |
7:344 |
13,410 |
6 | 108 |
14,082 |
0.34 |
15,20,856 |
1.43 |
18 |
7:344 |
5,148 |
7 | 126 |
17,755 |
0.43 |
22,37.130 |
2.11 |
18 |
7:344 |
6,498 |
8 | 144 |
6,622 |
0.16 |
9.53.568 |
0.90 |
18 |
7:344 |
2,430 |
9 | 162 |
3,773 |
0.09 |
6,11,226 |
0.58 |
18 |
7:344 |
1,386 |
10 | 180 |
16.843 |
0.41 |
30,31.740 |
2.86 |
18 |
7:344 |
6,174 |
11 | 198 |
2,934 |
0.07 |
5,80,932 |
0.55 |
18 |
7:344 |
1,080 |
12 | 216 |
2,236 |
0.05 |
4.82.976 |
0.46 |
18 |
7:344 |
810 |
13 | 234 |
3,696 |
0.09 |
8,64,864 |
0.82 |
18 |
7:344 |
1,350 |
14 | 252 |
43,998 |
1.07 |
1,10,87,496 |
10.45 |
18 |
7:344 |
16,110 |
15 | 10.775 Allottees from Serial no 2 to 13 Additional 1(one) share |
1 |
10:10775 |
10 |
||||
TOTAL |
41,30,309 |
100.00 |
10,61,03,520 |
100.00 |
15,12,658 |
B. Allotment to Non-lnstitutional Bidders (more than 70.20 million and up to 71.00 million) (After Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-lnstitutional Bidders (more than Rs. 0.20 million and up to Rs. 1.00 million), who have bid at the Offer Price of Rs.790 per Equity Share or above, was finalized in consultation with the BSE. This category has been subscribed to the extent of 66.54 times. The total number of Equity Shares Allotted in this category is 7.56.329 Equity Shares to 2.801 successful Non-lnstitutional Bidders (more than Rs. 0.20 million and up to 71.00 million). The category-wise details of the Basis of Allotment are as under (Sample):
C. Allotment to Non-lnstitutional Bidders (more than 71.00 million) (After Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-lnstitutional Bidders (more than ? 1.00 million), who have bid at the Offer Price of ? 790 per Equity Share or above, was finalized in consultation with the BSE. This category has been subscribed to the extent of 70.89 times. The total number of Equity Shares Allotted in this category is 15.12.658 Equity Shares to 5,602 successful Non-lnstitutional Bidders (more than ? 1.00 million). The category- wise details of the Basis of Allotment are as under: (Sample)
Sr. No. | Category |
No. of Applications Received |
% of Total |
Total No. of Equity Shares Applied |
% to Total |
No. of Equity Shares Allotted per Bidder |
Ratio |
Total No. of Equity Shares Allotted |
1 | 1.278 |
73.129 |
93.64 |
9.34.58.862 |
87.16 |
270 |
16:223 |
14.16.420 |
2 | 1.296 |
1.083 |
1.39 |
14.03.568 |
1.31 |
270 |
4:55 |
21,060 |
3 | 1.314 |
315 |
0.40 |
4.13.910 |
0.39 |
270 |
23:315 |
6.210 |
4 | 1.332 |
145 |
0.19 |
1.93.140 |
0.18 |
270 |
10:145 |
2.700 |
5 | 1.350 |
629 |
0.81 |
8.49.150 |
0.79 |
270 |
45:629 |
12.150 |
6 | 1.368 |
53 |
0.07 |
72.504 |
0.07 |
270 |
4:53 |
1,080 |
7 | 1.386 |
119 |
0.15 |
1.64,934 |
0.15 |
270 |
9:119 |
2.430 |
40 | 2,196 |
11 |
0.01 |
24,156 |
0.02 |
270 |
1:11 |
270 |
41 | 2.214 |
9 |
0.01 |
19,926 |
0.02 |
270 |
1:9 |
270 |
42 | 2,232 |
17 |
0.02 |
37,944 |
0.04 |
270 |
1:17 |
270 |
43 | 2,268 |
21 |
0.03 |
47,628 |
0.04 |
270 |
2:21 |
540 |
44 | 2,520 |
122 |
0.16 |
3,07,440 |
0.29 |
270 |
9:122 |
2.430 |
45 | 2.538 |
41 |
0.05 |
1,04,058 |
0.10 |
270 |
3:41 |
810 |
46 | 2.556 |
72 |
0.09 |
1.84.032 |
0.17 |
270 |
5:72 |
1.350 |
1001 | 1.566 |
3 |
0.00 |
4.698 |
0.00 |
270 |
0:3 |
0 |
1002 | 1.656 |
5 |
0.01 |
8.280 |
0.01 |
270 |
0:5 |
0 |
1003 | 1.674 |
2 |
0.00 |
3.348 |
0.00 |
270 |
0:2 |
0 |
1004 | 1.836 |
6 |
0.01 |
11.016 |
0.01 |
270 |
0:6 |
0 |
1005 | 1.854 |
3 |
0 00 |
5.562 |
0.01 |
270 |
0:3 |
0 |
1251 | 72.000 |
1 |
0 00 |
72.000 |
0.07 |
270 |
0:1 |
0 |
1252 | 76.320 |
1 |
0.00 |
76.320 |
0.07 |
270 |
0:1 |
0 |
1253 | 86.760 |
1 |
0.00 |
86.760 |
0.08 |
270 |
0:1 |
0 |
1254 | 88,596 |
1 |
0.00 |
88,596 |
0.08 |
270 |
0:1 |
0 |
1255 | 1,13,922 |
1 |
0.00 |
1,13,922 |
0.11 |
270 |
0:1 |
0 |
1256 | 1,26,576 |
1 |
0.00 |
1,26,576 |
0.12 |
270 |
0:1 |
0 |
1257 | All applicants from Serial no 1001 to 1256 for 1 (one) lot of 270 shares |
270 |
21:471 |
5.670 |
||||
1258 | 5,602 Allottees from Serial no 1 to 1257 Additional 1(one) share |
1 |
3:142 |
118 |
||||
Total |
78,092 |
100.00 |
10,72,26,954 |
100.00 |
15,12,658 |
D. Allotment to Employee Reservation (After Rejections) (including ASBA Applications)
The Basis of Allotment to the Eligible Employees, who have bid at the Offer Price (net of Employee Discount i.e. 1715 per Equity Share or above), was finalized in consultation with the BSE. This category has been subscribed to the extent of 1.64 times on an overall basis. The total number of Equity Shares Allotted in this category is 69,930 Equity Shares to 524 successful Eligible Employees. The category-wise details of the Basis of Allotment are as under:
Eligible Employees below Rs. 0.20 million
Sr. No. | Category |
No. of Applications Received |
% of Total |
Total No. of Equity Shares Applied |
% to Total |
No. of Equity Shares Allotted per Bidder |
Ratio |
Total No. of Equity Shares Allotted |
1 | 18 |
119 |
22.71 |
2.142 |
3.09 |
18 |
1:1 |
2.142 |
2 | 36 |
54 |
10.31 |
1,944 |
2.81 |
36 |
1:1 |
1,944 |
3 | 54 |
38 |
7.25 |
2,052 |
2.96 |
54 |
1:1 |
2,052 |
4 | 72 |
43 |
8.21 |
3,096 |
4.47 |
72 |
1:1 |
3.096 |
5 | 90 |
27 |
5.15 |
2.430 |
3.51 |
90 |
1:1 |
2.430 |
6 | 108 |
6 |
1.15 |
648 |
0.94 |
108 |
1:1 |
648 |
7 | 126 |
14 |
2.67 |
1,764 |
2.55 |
126 |
1:1 |
1,764 |
8 | 144 |
14 |
2.67 |
2,016 |
2.91 |
144 |
1:1 |
2,016 |
9 | 162 |
9 |
1.72 |
1,458 |
2.10 |
162 |
1:1 |
1,458 |
10 | 180 |
11 |
2.10 |
1,980 |
2.86 |
180 |
1:1 |
1,980 |
11 | 198 |
5 |
0.95 |
990 |
1.43 |
198 |
1:1 |
990 |
12 | 216 |
12 |
2.29 |
2,592 |
3.74 |
216 |
1:1 |
2.592 |
13 | 234 |
2 |
0.38 |
468 |
0.68 |
234 |
1:1 |
468 |
14 | 252 |
10 |
1.91 |
2,520 |
3.64 |
252 |
1:1 |
2,520 |
15 | 270 |
8 |
1.53 |
2,160 |
3.12 |
270 |
1:1 |
2.160 |
16 | 288 |
9 |
1.72 |
2.430 |
3.51 |
270 |
1:1 |
2.430 |
17 | 324 |
1 |
0.19 |
270 |
0.39 |
270 |
1:1 |
270 |
18 | 342 |
6 |
1.15 |
1,620 |
2.34 |
270 |
1:1 |
1.620 |
19 | 360 |
5 |
0.95 |
1,350 |
1.95 |
270 |
1:1 |
1,350 |
20 | 378 |
1 |
0.19 |
270 |
0.39 |
270 |
1:1 |
270 |
21 | 396 |
4 |
0.76 |
1,080 |
1.56 |
270 |
1:1 |
1.080 |
22 | 414 |
6~l |
1.15 |
1.620 |
2.34 |
270 |
1:1 |
1.620 |
23 | 432 |
5 |
0.95 |
1.350 |
1.95 |
270 |
1:1 |
1.350 |
24 | 450 |
2 |
0.38 |
540 |
0.78 |
270 |
1:1 |
540 |
25 | 468 |
3 |
0.57 |
810 |
1.17 |
270 |
1:1 |
810 |
26 | 486 |
2 |
0.38 |
540 |
0.78 |
270 |
1:1 |
540 |
27 | 504 |
3 |
0.57 |
810 |
1.17 |
270 |
1:1 |
810 |
28 | 522 |
1 |
0.19 |
270 |
0.39 |
270 |
1:1 |
270 |
29 | 540 |
6 |
1.15 |
1,620 |
2.34 |
270 |
1:1 |
1.620 |
30 | 558 |
2 |
0.38 |
540 |
0.78 |
270 |
1:1 |
540 |
31 | 576 |
5 |
0.95 |
1,350 |
1.95 |
270 |
1:1 |
1,350 |
32 | 594 |
4 |
0.76 |
1,080 |
1.56 |
270 |
1:1 |
1.080 |
33 | 630 |
21 |
4.01 |
5.670 |
8.18 |
270 |
1:1 |
5.670 |
34 | 648 |
1 |
0.19 |
270 |
0.39 |
270 |
1:1 |
270 |
35 | 666 |
2 |
0.38 |
540 |
0.78 |
270 |
1:1 |
540 |
36 | 684 |
63 |
12.02 |
17,010 |
24.55 |
270 |
1:1 |
17,010 |
Total |
524 |
100.00 |
69,300 |
100.00 |
69,300 |
E. Allotment to QIBs (After Rejections)
Allotment to QIBs. who Bid at the Offer Price of ? 790 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 121.80 times of the Net QIB Portion. As per the SEBIICDR Regulations, Mutual Funds were allotted 5% of the Equity Shares of the Net QIB Portion available, i.e., 2,26,899 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e.. 43,11.075 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in the Net QIB Portion is 45.37.974 Equity Shares, which were allotted to 222 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:
CATEGORY | FI's/BANK's |
MF's |
IC's |
NBFC's |
AIF |
FII/FPC |
VC's |
OTHERS |
TOTAL |
QIB | 15,62,273 |
5,19,233 |
2,29.081 |
8.37.818 |
1.97,197 |
11.92.372 |
- |
- |
45,37,974 |
F. Allotment to Anchor Investors (After Rejections)
Our Company, in consultation with the BRLMs, has allocated 68,06,961 Equity Shares to 33 Anchor Investors (through 55 Anchor Investor Application Forms) (including 10 domestic Mutual Funds through 27 schemes) at the Anchor Investor Offer Price of ?790 per Equity Share in accordance with the SEBI ICDR Regulations. This represents 60% of the QIB Portion.
Category | FI's/BANK's |
MF's |
IC's |
NBFC's |
AIF |
FII/FPC |
OTHERS |
Total |
Anchor | - |
25.95.960 |
8.23.284 |
1,90.017 |
4.75.074 |
27.22.626 |
- |
68,06,961 |
The IPO Committee of our Company at its meeting held on December 18, 2023 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice-cum-Unblocking Intimations and/ or notices have been dispatched to the addresses of the investors as registered with the depositories. Further, the instructions to the SCSBs for unblocking of funds, transfers to the Public Offer Account have been issued on December 18. 2023 and payment to non-Syndicate brokers have been issued on December 19, 2023. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on December 19, 2023 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company has filed the listing application with the NSE and BSE on December 19, 2023. Our Company has received the listing and trading approval from BSE and NSE and the trading will commence on December 20,2023.
Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.
INVESTORS PLEASE NOTE
The details of the Allotment made will be hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at: www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder. Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:
Link Intime India Private Limited |
|
C-101,1st Floor, 247 Park, L B S. Marg, Vikhroli (West). Mumbai - 400 083, Maharashtra, India |
|
Telephone: +91 810 811 4949 |
|
E-mail: domsind.ipo@linkintime.co.in |
|
Investor grievance E-mail domsind.ipo@linkintime.co.in |
|
Website : www.linkintime.co.in |
|
Contact person: Shanti Gopalkrishnan |
|
SEBI registration number: INR000004058 |
For DOMS INDUSTRIES LIMITED |
|
On behalf of the Board of Directors |
|
Sd/- |
|
Place: Umbergaon, Gujarat | Mitesh Padia |
Date: December 19. 2023 | Company Secretary and Compliance Officer |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF DOMS INDUSTRIES LIMITED.
DOMS INDUSTRIES LIMITED has filed a Prospectus dated December 15, 2023 with the RoC. The Prospectus is available on the website of SEBI at www.sebt.gov.in, on the websites of the Stock Exchanges, i.e. BSE and NSE. at www.bseindia.com and www.nsemdia.com. respectively, on the website of the Company at www.domsindia.com and the websites of the Book Running Lead Managers ("BRLMs"), i.e. JM Financial Limited. BNP Paribas. ICICI Securities Limited and IIFL Securities Limited at www.jmfl.com , www.bnpparibas.co.in, www.icicisecurities.com and www.iiflcap.com. respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section titled "Risk Factors'' beginning on page 31 of the Prospectus.
The Equity Shares have not been and will not be registered under the U S. Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to. the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in offshore transactions' as defined in and in reliance on Regulation S and the applicable laws of each jurisdictions where such offers and sales are made. There will be no public offering of the Equity Shares in the United States