Cholamandalam Securities, IPO report on DOMS Industries
DOMS IPO is a book-built difficulty of Rs 1,200 crores. The difficulty is a mixture of a recent difficulty and a proposal on the market. The Recent Challenge consists of 4,430,380 (~0.44 Cr) shares, aggregating to Rs. 350 Crores on the higher finish of the value band at Rs. 790 per share. The Provide for Sale consists of 10,759,493 (~1.07 Cr) shares of Rs. 10 face worth, aggregating as much as Rs. 850 Crores, on the higher finish of the value band at Rs. 790 per share. As per the corporate’s plan, the difficulty will encompass an offer-forsale by the buyers and promoters, specifically: x F.I.L.A.- Fabbrica Italiana Lapis ed Affini S.p.A. will probably be offloading shares aggregating to Rs. 800 Crores. x Sanjay Mansukhlal Rajani will probably be offloading fairness shares aggregating to Rs. 25 Crores. x Ketan Mansukhlal Rajani will probably be offloading fairness shares aggregating to Rs. 25 Crores.
Valuation and Outlook
Publish-issue, promoters will maintain lower than 75%, thereby implying no seemingly imminent dilution. Spectacular CAGR (FY21-FY23): Income surged 72%, EBITDA by 131%, and PAT reversed from FY21’s loss to revenue in FY23. Projections point out a promising 50% profitability surge from FY23 to FY24. At a projected FY24 PE ratio of 32x, the corporate presents a lovely valuation proposition.
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12122023 – DOMS Industries -IPO – chola
