DOMS IPO subscribed 7 times so far, GMP at 63%
Image Credit: india times
DOMS Industries's initial public offering (IPO) saw an overwhelming response, with subscriptions reaching 6.95 times the issue size. Bids have been placed for 6.13 crore shares, compared to 88.37 lakh shares available. The grey market premium (GMP) skyrocketed to 63% above the IPO price, suggesting a listing price of Rs. 1,290 per share, far above the IPO price of Rs. 790 per share. The issue was fully subscribed within hours on the first day of bidding on Wednesday.