DOMS Industries Limited

DOMS Industries Limited designs, manufactures and markets a broad range of stationery and art materials in India, selling under its flagship DOMS brand alongside sub-brands such as C3, Amariz and Fixyfix. Its product range spans writing instruments such as pencils and pens, mathematical and geometry instrument boxes, and art supplies including watercolour pens, markers and highlighters, together covering thousands of individual product codes. The company was incorporated in 2006 and has grown into one of the leading branded players in India's stationery and art materials industry, holding a meaningful share of the overall market and an even larger share in specific categories such as pencils and mathematical instrument boxes. It runs a large, backward integrated manufacturing base concentrated around Umbergaon in Gujarat, and sells through a multi channel distribution network with a pan India presence. A key part of its growth has come from its partnership since 2012 with the Italian stationery group Fabbrica Italiana Lapis ed Affini (FILA), which also holds a majority promoter stake and has helped the company extend its reach to more than 40 countries, including markets in the Americas and Europe. Revenue grew sharply in the years leading up to its public listing, moving from under Rs 700 crore to more than Rs 1,200 crore in FY23 along with a marked improvement in profitability. The IPO combined a fresh issue used to help fund a new manufacturing facility and general corporate purposes with an offer for sale by existing shareholders. The stock listed on the NSE and BSE in December 2023 at a sharp premium to its issue price, reflecting strong investor demand for one of India's few listed pure play stationery manufacturers.

DOMS Industries raised approximately Rs 537.75 crore from anchor investors on 12 December 2023, ahead of the public issue, with participation from marquee institutional names including the Abu Dhabi Investment Authority, Fidelity Funds, Goldman Sachs and Ashoka WhiteOak, among others, at the issue's upper price band.