Doms Industries Ltd IPO

DOMS Industries Limited was originally incorporated as Writefine Products Private Limited as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 24, 2006, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The name of the Company was subsequently changed to DOMS Industries Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Gujarat at Ahmedabad (RoC) on April 21, 2017. Upon the conversion of the Company into a public limited company, pursuant to the approval accorded by its Shareholders at their extra- ordinary general meeting held on July 14, 2023, the name of the Company was changed to DOMS Industries Limited and a fresh certificate of incorporation consequent upon change of name upon conversion to public limited company was issued to the Company by the RoC on August 3, 2023.

The global school's (scholastic) stationery product market was valued at USD 61 billion in CY 22. The market is expected to grow at a CAGR of 2.2% during the period CY 22 to CY 27 and is expected to reach approximately USD 68 billion by CY 27. The Indian stationery and art materials market has exhibited continuous growth over the years with an estimated size of INR 38,500 crore by value as of FY 23. The Indian stationery and art materials market is expected to grow at a CAGR of ~13% during FY 23-28 period to reach a market value of INR 71,600 crore by FY 28. The growth of this market can be attributed to factors such as the increasing population, education rate, government policies towards education, and evolving digitalization trends that has aided in the growth of conventional stationery and art materials industry as students are now spending more time in self-studying, drawing, colouring, and doing other hands-on activities. India has a thriving stationery and art materials industry, and there are several opportunities for the country to become an export hub for stationery products. The Indian stationery and art materials exports market is expected to grow at a CAGR of ~6% during FY 23-28 period to reach a market value of INR 7,500 crore by FY 28.

DOMS Industries Limited is a holistic creative products company with a leading player and brand in India's 'Stationery and art' products market. We design, develop, manufacture, and sell a wide range of these products, primarily under its flagship brand 'DOMS', in the domestic market as well as in over 40 countries internationally, as of March 31, 2023. Its keen focus on research and development (R&D), product engineering, and backward integrated manufacturing, operations, combined with its multi-channel pan-India distribution network has enabled it to achieve a strong brand recall amongst consumers. Its core products such as `Pencils' and `Mathematical instrument boxes' enjoy high market shares; 29% and 30% market share by value in Fiscal 2023 respectively.