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DOMS Industries Limited IPO
If you are a stationery shopper, you are probably familiar with the DOMS brand. DOMS products are found in every stationery store in India. The company was founded in 2006 and is headquartered in Valsad, Gujarat. The company primarily manufactures art products and stationery. As of March 31, 2023, DOMS products are available in over 40 countries around the world. In the financial year ending 2023, the company captured 29% of the pencil market and 30% of the mathematical instrument box market in India. This is a significant achievement in itself.
DOMS Industries Limited Product ListScholastic stationery
- Scholastic art materials
- Paper stationery
- Kits and combos
- Office supplies
- Hobby and craft
- Fine art products
As of March 31, 2023, the company had a strong global multi-channel distribution network in the United States, Africa, Asia Pacific, Europe, and the Middle East.
DOMS Industries Limited Financial Information
- The company's assets have increased from ₹4.57 billion to ₹6.4 billion.
- Revenue has increased from ₹4.09 billion to ₹12.16 billion.
- Net worth has increased from ₹2.34 billion to ₹3.37 billion.
- Reserves and surplus have increased from ₹2.33 billion to ₹3.37 billion.
- The company's debt has increased from ₹970 million to ₹1 billion.
- Profit after tax has increased from ₹60 million in the red to ₹103 million in the black.
All of the above figures are for the closing dates of March 31, 2021, and March 31, 2023. They have been rounded off for ease of understanding.
Overall, the company has had a stellar performance in the past financial year. The company that was running at a loss of ₹60 million on March 31, 2021, is now in the black with a profit of ₹103 million on March 31, 2023. The numbers show that the company's good days have begun. The promoters of the company are Santosh Rasiklal Reveshiya, Sanjay Mansukhlal Rajani, Ketan Mansukhlal Rajani, Chandani Vijay Somaya, and Fabbrica Italiana Lapis e Affini S.p.A.
If you understand this business and have sufficient reason to believe that the future of the DOMS brand is bright, this is your best opportunity to partner with the company at the lowest possible investment.
Here are some of the key takeaways from this news article:
- DOMS Industries Limited is a leading stationery company in India and abroad.
- The company is seeking to raise ₹12 billion to expand its business.
- The company has had a strong financial performance in recent years, with revenue and profits increasing significantly.
- The company is well-positioned for growth in the future, as the demand for stationery continues to grow.
If you are interested in investing in DOMS Industries Limited, you can find more information about the IPO on the company's website.
Disclaimer:- Please consult your financial advisor before making any investment decision and always keep in mind that when you invest in the stock market, the entire risk is always yours.
