DOMS Industries Limited, a leading name in the stationery and art supplies sector, has released its Monitoring Agency Report for the quarter ended September 30, 2025, highlighting effective utilization of funds raised through its Initial Public Offering (IPO). The report confirms that the company has deployed funds strictly in line with its stated objectives, with no deviations reported by CRISIL Ratings, the appointed monitoring agency.
IPO Proceeds Utilization
DOMS Industries raised ₹3,327.24 crore through its IPO in December 2023. As of September 30, 2025, the company has utilized ₹2,493.82 crore, comprising:
| Objective | Allocated (₹ crore) | Utilized (₹ crore) | Unutilized (₹ crore) |
| Part-financing the Proposed Project | 2,800.00 | 1,966.58 | 833.42 |
| General Corporate Purposes | 527.24 | 527.24 | 0.00 |
| Total | 3,327.24 | 2,493.82 | 833.42 |
During the September quarter, ₹500.34 crore was utilized toward the proposed project and ₹11.50 crore was used for general corporate purposes, including working capital requirements such as raw material purchases.
Deployment of Unutilized Funds
The unutilized balance of ₹833.42 crore (along with interest accrued, totaling ₹885.05 crore) has been strategically parked in fixed deposits with various banks. These deposits yield interest rates between 4.75% and 7.75%, ensuring that idle funds continue to generate returns until they are deployed for project-related activities.
Monitoring and Compliance
According to CRISIL Ratings, all fund utilizations are fully aligned with the objectives disclosed in the IPO offer document. The report found no deviations or material changes in the proposed use of funds, reflecting the company’s strong governance and adherence to its financial commitments.
Investor Engagement
As part of its investor communication initiatives, DOMS Industries conducted an Investor and Analyst Conference Call on November 11, 2025, to discuss its Q2 FY2026 unaudited financial results. The company has made the audio recording of the call publicly available on its official website, underscoring its commitment to transparency, accountability, and proactive engagement with shareholders and analysts.
Summary
DOMS Industries’ latest monitoring report reaffirms its disciplined approach to capital deployment and project execution. With efficient fund utilization, transparent disclosures, and no deviations from IPO objectives, the company continues to demonstrate financial prudence and operational integrity as it advances its growth and expansion plans.
Disclaimer:
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