Shares of DOMS Industries Ltd experienced a significant decline of nearly 5% in early trading on Tuesday, June 17, 2026. The stock's fall was attributed to heavy trading volume, fueled by speculation surrounding a major block deal where promoter Fabbrica Italiana Lapis ed Affini SpA (Fila) is expected to sell a substantial portion of its stake.
The stock hit a low of Rs 2,200 on the NSE, with a staggering Rs 1,116.92 crore worth of shares changing hands within the first 15 minutes of trade. Fila, which held a 26.01% stake in DOMS as of March 31, was reportedly looking to offload shares valued at approximately Rs 892-900 crore.
Details of the Block Deal
Sources indicate that the floor price for this transaction was set at Rs 2,100 per share. Up to 4,248,184 shares, constituting 7% of DOMS's outstanding equity, were anticipated to be part of the block deal. The base deal size involved 3,152,167 shares (about 5.2% of total outstanding shares), with an upsize option for an additional 1,096,017 shares (around 1.8%).
The offering was reportedly extended to institutional and professional investors outside the United States under Regulation S of the US Securities Act of 1933, and to qualified institutional buyers (QIBs) in the US under Rule 144A. JP Morgan India and BNP Paribas Securities India are said to be acting as joint placement agents for the transaction. Final pricing guidance is expected after market hours when details are officially disclosed by stock exchanges.
DOMS's Recent Performance and Acquisitions
Despite the current share price pressure, DOMS Industries reported robust financial performance for the March quarter. The company saw an 18.7% year-on-year (YoY) revenue growth, driven by strong volume-led demand across its key categories, including Scholastic Art Materials, Office Supplies, Paper Stationery, and Hobby & Craft. This growth was further supported by increased manufacturing capacity and new product launches.
Analysts have noted that DOMS's continued investments in product lines like ballpoint pens and highlighters have contributed to strong growth in the office supplies segment. The baby hygiene segment also showed healthy growth, aided by seasonal demand and higher capacity utilization.
Recently, DOMS entered into an asset purchase agreement with Reynolds Pens India Pvt Ltd (RPI), acquiring certain assets, contracts, employees, and intellectual property related to the manufacture and sale of pens, markers, highlighters, and school supplies under the prominent Reynolds brand. The aggregate consideration for this acquisition was $3.7 million.
PL Capital, a brokerage firm, commented on the Reynolds acquisition, stating, "Unlike diapers, where many investors had questions surrounding the decision to enter an unrelated category, pens is an ancillary business for DOMS IN. In addition, Reynolds is an age-old brand and has strong customer connect. Further, RPI’s portfolio breadth is diverse with strong focus on mid-market segment enabling DOMS to scale the pyramid hierarchy of premiumization. We believe the acquisition could be value accretive in long term, if DOMS IN can lever its distribution strength of 145,000 outlets and scale the business." The brokerage has maintained a 'Buy' rating on DOMS stock with a target price of Rs 2,883.