DOMS Industries Limited proposes to open its initial public offering on Wednesday, December 13, 2023. Bid/ Offer Closing Date will be Friday, December 15, 2023. Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, Tuesday, December 12, 2023. The Price Band of the Offer has been fixed from ₹750 per Equity Share to ₹790 per Equity Share. Bids can be made for a minimum of 18 Equity Shares and in multiples of 18 Equity Shares thereafter. The Offer consists of a fresh issue of such number of Equity Shares aggregating up to ₹3,500.00 million and an offer for sale of such number of Equity Shares aggregating up to ₹8,500.00 million comprising of Equity Shares aggregating up to ₹8,000.00 million.
This Offer includes a reservation of such number of Equity Shares aggregating up to ₹50.00 million for subscription by Eligible Employees. The Company intends to use the proceeds of the Fresh Issue to part finance the cost of establishing a new manufacturing facility to expand its production capabilities in Gujarat, as well as for general corporate purposes.
