DOMS Industries Ltd. has raised Rs 537.7 crore from anchor investors ahead of its initial public offering.
The pencil maker allotted 68,06,961 crore shares at Rs 790 apiece to 55 anchor investors.
The marquee investors include Fidelity International, Nippon Life India, SBI Mutual Fund, Kotak Mutual Fund, Motilal Oswal and Goldman Sachs, among others.
Fidelity Funds, Goldman Sachs Funds, Optimix Wholesale Global Emerging Markets Share Trust and Abu Dhabi Investment Authority secured 5.58% each of the allocation, the highest in the list.
Ten domestic mutual funds have applied through a total of 27 schemes, the company said in an exchange filing. They have collectively netted 38.14% of the anchor portion of Rs 205 crore.
ICICI Prudential, Aditya Birla Sun Life, Axis Mutual Fund, Franklin India and Nippon Life India are among the key investors.
JM Financial Ltd., BNP Paribas, ICICI Securities Ltd. and IIFL Securities Ltd. are the book-running lead managers for the offer.
About Doms Industries IPO
DOMS Industries' maiden public issue will be open between Dec. 13 and 15 and is priced in the range of Rs 750–790 per share.
The IPO consists of a fresh issue of 44.3 lakh shares, aggregating up to Rs 350 crore, and an offer for sale of 1.08 crore shares, aggregating up to Rs 850 crore, by promoters.
The company aims to use the proceeds to finance the cost of establishing a new manufacturing facility to expand production capabilities for a wide range of writing instruments, watercolour pens, markers, highlighters, and general corporate purposes.
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