DOMS IPO: Strong Demand Propels Grey Market Premium, Listing Date Set for December 20

The Initial Public Offering (IPO) of DOMS Industries Limited has garnered significant attention in the financial market, with the grey market premium (GMP) witnessing a remarkable surge after a robust subscription phase. As the focus now shifts towards share allotment and the upcoming listing date, investors are eagerly awaiting the next steps in this exciting financial journey.

During the three-day subscription period from December 15^th to 18^th, 2023, the public issue, valued at ₹1,200 crores, received an overwhelming response, reaching a subscription rate of 93.40 times. This surge in demand reflects the confidence and interest of investors across various segments.

The Introduction of the T+3 listing system, effective from December 1^st, 2023, has set the stage for the likely listing date of DOMS IPO on December 20^th, 2023. Investors anticipating share allocation can expect the allotment date on December 18^th, provided it is not declared earlier. This development aligns with the new mandatory timeline for listing, enhancing transparency and efficiency in the IPO process.

In the grey market, DOMS share prices have experienced a notable upswing. Market observers report a premium of ₹528 today, marking a ₹26 increase from Friday’s GMP of ₹502. This surge is attributed to the strong response from investors across segments and the ongoing bullish trend in the Indian stock market. With key indices consistently reaching new highs and the primary market experiencing high demand, the grey market sentiment is expected to remain positive.

The GMP today stands at ₹528, indicating that the grey market anticipates the DOMS IPO listing price to be around ₹1,442 levels. This projection suggests an impressive 82.50% increase from the IPO price band of ₹750 to ₹790 per equity share. However, it’s crucial to note that grey market premiums are non-regulated and speculative, lacking a direct connection with the company’s balance sheet.

Despite the excitement surrounding GMP projections, stock market experts caution against relying solely on this indicator for predicting listing gains. Emphasizing the speculative nature of the grey market, they highlight its non-regulated status and its limited correlation with a company’s financial fundamentals.

In summary, DOMS Industries Limited’s IPO has generated significant interest, with a high subscription rate and a surge in grey market premiums. Investors are now eagerly anticipating the share allotment and listing on December 20^th, 2023, as the company marks a milestone in the financial market.