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F.I.L.A. to Sell 4.57% Stake in DOMS via Block Deal at ₹2,755/Sh

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Synopsis:

Fabbrica Italiana Lapis ed Affini (F.I.L.A.) plans to sell up to 4.57% stake in DOMS Industries via block deals. The floor price is ₹2,755/share, with a total deal size of ₹764 crore.

DOMS Industries news today

Italian stationery giant Fabbrica Italiana Lapis ed Affini (F.I.L.A.) has announced plans to sell up to 4.57% of its stake in DOMS Industries through block deals. The transaction comprises a base size of ₹509.7 crore (3.05% stake) and an additional upsize option worth ₹254.3 crore (1.52% stake). The total deal size could reach ₹764 crore, with the floor price set at ₹2,755 per share.

Also read: IOL Chemicals to Consider Stock Split on December 27

DOMS INDUSTRIES LIMITED

Trade

2903-152.39 (-4.98 %)

Updated - 19 December 2024
2950.00day high
DAY HIGH
2840.00day low
DAY LOW
3105076
VOLUME (BSE)

Key Takeaways:

  • Base deal size: ₹509.7 crore (3.05% stake).

  • Upsize option: ₹254.3 crore (1.52% stake).

  • Total deal size: ₹764 crore (4.57% stake).

  • Floor price: ₹2,755 per share, representing a discount to the last closing price.

  • Current stake: F.I.L.A. holds 30.58% in DOMS Industries as of Q2 FY24.

Also read: Yatharth Hospital Opens QIP with Floor Price at ₹626

DOMS’ Share Price and Market Performance

DOMS’ share price closed at ₹3,048 on 18 December, nearly flat during the day. The company’s current market capitalisation stands at ₹1,850 crore. Over the past 52 weeks, the stock has ranged between a low of ₹1,225 and a high of ₹3,115.

Key Metrics

Details

Last Closing Price

₹3,048

Floor Price for Block Deal

₹2,755

Market Capitalisation

₹1,850 crore

52-Week High

₹3,115

52-Week Low

₹1,225

Strategic Context of the Block Deal

The planned block deal comes nearly a year after F.I.L.A. listed DOMS Industries on Indian exchanges. With this transaction, the Italian company aims to monetise a portion of its holdings while retaining a significant stake in the company.

The block deal by F.I.L.A. represents a strategic step for DOMS Industries, reflecting the parent company’s broader capital allocation goals. The transaction is expected to attract attention given DOMS’ share price performance and its strong market positioning.

Also read: Zaggle Prepaid Launches QIP at ₹550.73/Share Floor Price

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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