Doms Industries, an Indian stationery company majority-owned by Fabbrica Italiana Lapis ed Affini, is reportedly gearing up to file for an initial public offering (IPO) in Mumbai as early as June. According to sources familiar with the matter, the offering could fetch between $200 million to $300 million.
The move comes as the stationery company seeks to expand its operations and capitalize on the growing demand for its products. Since its founding in 1975, Doms has grown a global reach of over 50 countries, running more than 15 production facilities throughout India. With a diverse product portfolio, including pencils, erasers, and rulers, Doms has become a trusted name in the stationery market.
The IPO is expected to generate significant interest from investors, given the company’s established presence in the industry and the growing demand for stationery products. Dom’s market dominance in India is also expected to play a key role in the success of the offering.
While Doms and its parent company, Fabbrica Italiana Lapis ed Affini, have declined to comment on the IPO, sources suggest that the company has been working with its advisers on the share sale. The listing could happen as early as this year, said one of the people, who asked not to be identified as the information is private.
Deliberations are ongoing, and details of the IPO, including size and timeline, could still change. However, the move could mark a significant milestone for Doms Industries as it seeks to expand its operations and increase its market share.
Doms traces its roots to 1975 with the founding of pencil manufacturer R.R. Industries, the flagship firm of RR Group, according to its website. RR Group launched the stationary brand Doms in 2006 and later consolidated its operations based in Umbergaon and renamed as Doms. The company runs more than 15 production facilities in India and its products, including pencils, erasers, and rulers, are available in over 50 countries.
Fila, which makes Giotto coloring pencils and Canson papers, first bought an 18.5% stake in Doms for €5.4 million ($5.9 million) in 2012. The Italian firm decided to raise its holding to 51% three years later, becoming the largest shareholder of the Indian stationery maker.
The IPO is expected to be a significant milestone for Doms Industries and its parent company as they look to expand their presence in the industry. With its established market position and growing product portfolio, Doms is well-positioned to capitalize on the increasing demand for stationery products in India and beyond.
The success of the IPO will depend on a range of factors, including market conditions, investor sentiment, and the size and timing of the offering. However, if Doms is successful in its bid to go public, it could mark a significant step forward for the company and its long-term growth prospects.