DOMS Industries' IPO Excites Market Before Its Launch

Before a company starts selling its shares to the public for the first time, there's a lot of excitement in a hidden market. This is what's happening with DOMS Industries, a company from Gujarat that makes stationery and art products.

Even before their shares officially go on sale, people are eager to buy them. In this hidden market, the price of DOMS Industries' shares went up a lot - by 80% in just two days! This made the shares cost ₹360, up from ₹200 on December 4.

This big increase in the hidden market price shows that many people are interested in buying shares of DOMS Industries when they become available. The company is getting ready to decide how much their shares will cost and will start selling them to everyone from December 13 to December 15. They aim to raise ₹1,200 crore through this sale.

The money they raise will help the company build new factories to make more pens, markers, and other stationery items. This will also help them grow and do other important things for their business.

DOMS Industries has been doing well financially. Last year, they made a profit of ₹96 crore and earned ₹1,212 crore in revenue. That's a lot more than before! Investors and experts think this is a good sign for the company's future.

To help with the sale of shares, some big companies are working with DOMS Industries. They will make sure everything goes smoothly when DOMS Industries' shares start trading on the stock market on December 20. This is happening faster than before, following new rules by a group that regulates these things.

People are excited to see how DOMS Industries' shares will do when they officially enter the market. It seems like many are expecting a big moment for the company and those who want to invest in it.

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