According to sources, FILA may sell up to a 7% stake in DOMS Industries. The base deal size is pegged at 5.2% equity, with an upsize option of another 1.8%. The floor price has been set at ₹2,100 per share, representing a discount of around 9% to Tuesday’s closing price.
The total block deal size is estimated at about ₹892 crore.
Shares of DOMS Industries ended Tuesday’s session 2.3% higher at ₹2,322.40 on the NSE, ahead of the proposed transaction.
The potential stake sale comes at a time when investor interest in the company has remained elevated following a series of business developments and a strong financial performance.
Just last week, the stock surged nearly 8% on Thursday after DOMS announced the acquisition of key assets linked to the Reynolds brand in India. The company entered into an asset purchase agreement with Reynolds Pens India Pvt Ltd and other entities of the Newell Brands group to acquire assets and liabilities related to the manufacture and sale of pens, markers, highlighters and school supplies under the Reynolds brand.
The acquisition is seen as a strategic step for DOMS as it looks to strengthen its position in India’s writing instruments and stationery market.
The company is also in the midst of an expansion cycle. As of March 31, 2026, DOMS had a cash balance of ₹61.8 crore and generated operating cash flow of ₹254.3 crore during FY26. Management has guided for capital expenditure of ₹250-275 crore in FY27 and indicated that the company will remain in a high-capex phase over the next three years as it develops its 45-acre manufacturing facility and newly acquired land.
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The Reynolds acquisition followed a strong FY26. DOMS reported a 17.2% year-on-year increase in fourth-quarter net profit to ₹56.7 crore, while revenue rose 18.7% to ₹604 crore. For the full year, revenue from operations grew 21.6% to ₹2,326.4 crore, exceeding management guidance and reinforcing confidence in the company’s growth trajectory.
Investors will now closely watch the proposed block deal and its impact on the stock when trading resumes.
