DOMS Industries marks stellar debut on D-street; Lists over 77%, What should you do now-
时间:2024-06-26 12:28:04 阅读(143)
DOMS Industries, a domestic designer and manufacturer of stationery and art products, makes a robust debut on the stock market, opening at ₹1,400 per share. This represents a significant 77% premium compared to its Initial Public Offering (IPO) price of ₹790 per share.
Out of the ₹1,200 crore IPO, DOMS Industries received bids worth ₹65,000 crore. The IPO comprised a mix of a ₹350 crore fresh issue and an Offer for Sale (OFS) for the remaining portion.
“DOMS Industries has debuted at Rs. 1405 i.e. 77% above its issue price. Its strong brand, diverse product portfolio, and robust manufacturing position it well for continued growth. Multi-channel distribution and strategic partnerships expand its reach. Doms has demonstrated impressive financial growth in recent years, solidifying its market position and future potential,” said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd.
Nyati also said that, the issue came at a P/E of 43x, which was fully priced. Thus, considering such a premium on listing, allottees who applied for the public offering for listing premium are advised to book profit however investors with long-term view may hold it by keeping a stoploss at 1260. A fresh buy will not be recommended at such a high level.
上一篇:Sensex ends in red after volatile trading session, Nifty needs to breach 16400 for any up-move
下一篇:ZEEL, HDFC Bank, Axis Bank, Jindal Steel, Sanofi India, Titan stocks in focus
猜你喜欢
- Sensex, Nifty open in green on Thursday, Jan 5; HPCL shares rise nearly 3%, Marico shares up over 2%
- Will Nifty trade above 19500 or fall in trade - See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Year Ender 2023 - Indian Railways- Measures taken to improve safety in train operations
- Will Nifty rise or fall under 19350- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Year ahead- Oil markets may remain volatile in 2024 also
- Zerodha’s Nikhil Kamath tells when to buy stocks, shares Buffett formula to find the right time
- Year of concerts- From Taylor Swift’s Eras Tour To Madonna’s Celebration Tour
- Sensex, Nifty open in red on Wednesday; Rail Vikas Nigam shares rise 4%, Punjab Sind Bank shares up over 1%
- ZEEL shares surge over 8% after NSE withdraws decision to exclude Zee Entertainment from F&O segment