Want to Subscribe?
Read Corporate India and add to your Business Intelligence
Unlock Unlimited Access
News
Published: December 20, 2023
Updated: December 20, 2023
Investors are eagerly awaiting the market debut of DOMS Industries Ltd and India Shelter Finance Corporation Ltd, as both companies are poised to deliver substantial listing gains. Grey market premiums suggest potential gains of up to 65% for DOMS Industries and a 31.85% premium for India Shelter Finance.
DOMS Industries, the second-largest player in India's branded 'stationery and art' products market, boasts a remarkable 99.34 times subscription to its IPO. With a market share of nearly 12% by value in FY23, DOMS specializes in pencils and mathematical instrument boxes.
In the competitive landscape, DOMS commands a significant 29% market share in pencils and an impressive 30% in mathematical instrument boxes. The IPO, priced at Rs 790 per share, reflects the company's robust standing in the market.
India Shelter Finance Corporation, a retail-focused affordable housing finance company, received substantial investor interest with 38.59 times bids for its IPO. With a distribution network spanning 203 branches across 15 states, the NBFC targets the self-employed segment in tier II and III cities.
Covering 94% of the housing finance market in India, India Shelter Finance focuses on first-time home loan takers in the low and middle-income groups. The IPO, priced in the range of Rs 469-493 per share, positions the company strategically in the affordable housing sector.
As DOMS Industries and India Shelter Finance gear up for their market debut, the IPO market remains vibrant. Notably, Azad Engineering's IPO opens for subscription, adding to the excitement of seven mainboard IPOs available for subscription today.
The stellar investor response to DOMS Industries, with a subscription of 99.34 times, and India Shelter Finance's impressive 38.59 times bids, reflects the buoyant atmosphere in the IPO market.
Investors are on the edge of their seats as DOMS Industries and India Shelter Finance prepare for their stock market debut. Grey market premiums hint at substantial listing gains, adding to the excitement in this bustling IPO season.
With diverse offerings and robust investor interest, the IPO market continues to provide opportunities for both seasoned and new investors. The success of DOMS Industries and India Shelter Finance could set the tone for future market entrants, making this a dynamic and promising season for IPOs.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
Want to Subscribe?
Read Corporate India and add to your Business Intelligence
Unlock Unlimited Access
Lighter Vein
1 Year *
Subscription
Rs 2400 /-
3 Year *
Subscription
Rs 6000 /-
5 Year *
Subscription
Rs 9000 /-
5
International
Subscription
$ 99.99
Read Corporate India and add to your Business Intelligence
Popular Stories
A modern-day enigma and a ramification of humanity's never-ending advancements, e-waste refers to the scum con- cealed by the outward glow of ever-advancing technology.
Archives
Office Address
Unit No. 405, 4th floor, Madhu Industrial Park, Avadh Narayan Tiwari Marg, Mogra Village Road, Andheri (East), Mumbai – 400069.
Call/Whatsapp
If you are interested in advertising with Corporate India, please don't hesitate to contact us. Our team is here to assist you with the process and answer any questions you may have. We look forward to the opportunity to work with you and help your business reach its full potential.
Fill out the form below to subscribe to our newsletter and never miss an update