The GMP of DOMS’ IPO has witnessed a significant surge on the back of strong subscription status. With the bidding phase coming to an end today, market analysts are now weighing in on whether or not investors should apply. The initial response to DOMS’ IPO has been promising, with subscriptions already oversubscribed by more than 3 times. However, experts advise caution, pointing out that investing in IPOs always involves some degree of risk. Anyone considering participating in DOMS’ IPO is advised to consult with a financial expert to help assess the risks and potential returns.
DOMS IPO GMP Status
As mentioned above, shares of the stationery brand are available at a premium of ₹502 in the grey market today. This means DOMS IPO GMP today is ₹502, which is ₹51 higher than its GMP of ₹451 on Wednesday. Market observers said that strong responses by investors and bullish sentiments on Dalal Street could be the possible reason for the sharp rise in DOMS IPO GMP.
DOMS IPO Review
According to Dhruv Mudaraddi, a research analyst at StoxBox, DOMS Industries Ltd.’s IPO presents an attractive opportunity for investors to benefit from the growing stationery and art products industry in India. DOMS boasts a significant market share, particularly in pencils and mathematical instrument boxes, and has optimized its market timing for efficient product delivery. As a result, DOMS has seen strong financial performance and has established a strong presence internationally. However, the IPO is priced at a high P/E multiple of 30x annualized FY24 earnings. Despite this, investors are advised to subscribe to the issue for the benefit of listing gains.
Date:December 15,2023
