Dec 8, 2023By: Sourabh Jain
DOMS Industries is all set to kick off its ₹1,200 crore initial public offering (IPO) from December 13. The company has fixed a price band of ₹750-790 per share.
DOMS Industries is one of the country’s largest stationery manufacturers. The company designs, develops and manufactures a wide range of stationery and art products.
Italy’s F.I.L.A (Fabbrica Italiana Lapis ed Affini) is the corporate promoter of the company with a 51 percent shareholding. FILA is selling shares worth ₹800 crore as part of the IPO.
DOMS Industries began its journey as RR Industries in 1975 in Umbergaon, Gujarat as an original equipment manufacturer for other brands.
RR Industries was founded by Rasikbhai Raveshia and the late Mansukhlal Rajani.
DOMS Industries is the brainchild of Santosh Raveshia, the son of Rasikbhai Raveshia. The DOMS brand was launched in 2005.
To stand out in the highly competitive market, DOMS Industries has done innovations such as using a triangular pencil that is comfortable to use and using a polymer and graphite combination to make stronger lead.
DOMS Industries sells its products in over 40 countries and has over 3,770 SKUs. The company has 11 manufacturing facilities in India.
DOMS Industries has a workforce of over 7,850 employees and has a pan-India presence through over 100 stockists.
DOMS Industries competes with Kokuyo Camlin and Hindustan Pencils, which owns Apsara and Natraj.