DOMS Industries files DRHP with SEBI for Rs 1,200 crore IPO
DOMS Industries has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise as much as Rs 1,200 crore through an initial public offering (IPO).
The funds raised through the fresh issue would be utilized for the setting up of a new manufacturing facility to expand the company's production capabilities for a wide range of writing instruments, watercolour pens, markers and highlighters as well as for general corporate purposes. JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities are the book-running lead managers to the issue.
The company designs, develops, manufactures, and sells a wide range of stationary and art products, primarily under the flagship brand 'DOMS' and sub-brands C3, Amariz, and Fixy Fix in the domestic market as well as in over 40 countries internationally, covering the US, Africa, Asia Pacific, Europe, and Middle East belt.
