Pencil maker DOMS Industries IPO to open on Dec 13

Pencil maker DOMS Industries is set to launch its Rs 1,200-crore Initial Public Offering (IPO) on December 13. The three-day maiden public issue will conclude on December 15 and the anchor book of the offer will be opened for a day on December 13, according to the Red Herring Prospectus (RHP).

The company’s IPO comprises a fresh issue aggregating up to Rs 350 crore and an Offer For Sale (OFS) aggregating up to Rs 850 crore by promoters.

Under the OFS, corporate promoter F.I.L.A. — Fabbrica Italiana Lapis ed Affini S.p.A. — will offload shares worth Rs 800 crore and individual promoters — Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani will sell shares to the tune of Rs 25 crore each.

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