DOMS IPO list at 77% premium over IPO price; India Shelter debut increased by 25.7%.

India’s Shelter Finance’s ₹1,200 crore IPO was subscribed 36.7 times at ₹469-493 per share. According to NSE data, the issue received bids for 65.75 crore shares against 1.79 crore shares offered. The portion for retail investors was booked 9.95 times, while the quota for non-institutional investors (NII) and qualified institutional buyers (QIB) was booked 28.51 times and 89.7 times respectively. The company has reserved half of the issue for QIB, 15% for NII, and the remaining 35% for retail investors.

On the other hand, the issue of DOMS IPO was subscribed 99.34 times on the last day of subscription, the quota for retail investors was bid 73.38 times. The category for QIB was booked 122.16 times and the portion of NII 70.06 times. According to the offer document filed with SEBI, the company has reserved 75% of the issue for QIBs, 15% for NIIs, and the remaining 10% for retail investors, which includes the reservation of shares worth ₹5 crore for its employees. Company, who will get these shares at a discount of ₹75 each on the final issue price.

Founded in 2006, DOMS aims to use the proceeds from the fresh issue to finance the construction of a new factory, to expand the company’s production capacity for a variety of writing materials, watercolor pens, markers, and markers, as well. For general corporate purposes. The Gujarat-based company is a leading player in the Indian stationery and art market.

Meanwhile, India Shelter Finance intends to use the proceeds from the fresh share issue to meet Provide capital needs in the future for further loans. The funds will be used in part for the general purpose of the company. Established in 1998, the company provides home loans and real estate loans to customers in the low and middle income segments.