Fila-Backed Indian Stationery Maker Jumps 68% in Trading Debut

Doms Industries Ltd., a maker of pencils and erasers controlled by Italy’s Fila SpA, surged almost 68% in its trading debut in Mumbai on Wednesday, bucking a broader selloff in Indian stocks.

The stock jumped nearly 82% intraday to 1,434.25 rupees, taking the company’s market value to over $1 billion, before paring some gains amid late declines in the broader market. The Gujarat-based firm raised 12 billion rupees ($144 million), selling shares at 790 rupees apiece.

“Doms has demonstrated impressive financial growth in recent years, solidifying its market position and future potential,” said Shivani Nyati, head of wealth ...