India Stationary & Art Materials Maker DOMS Industries with 30.6% Owned by Italy Fila IPO in India with Share Price Increasing +64% from INR 790 to Above INR 1,300 $1 Billion Market Value
22nd December 2023 | Hong Kong
India stationary & art materials Maker DOMS Industries with 30.6% owned by Italy Fila has IPO in India (National Stock Exchange of India) with share price increasing +64% (from INR 790 to above INR 1,300) with $1 billion market value. FILA: “Fabbrica Italiana Lapis ed Affini S.p.A. (“F.I.L.A.” or the “Company”), whose ordinary shares (ISIN code IT0004967292) are listed on the Euronext STAR regulated market of the Italian Stock Exchange, following on from that announced on December 7, 2023, announces the successful conclusion of the listing of its Indian subsidiary DOMS Industries Limited (“DOMS”) on the National Stock Exchange of India. DOMS shares were placed at a value of INR 790 (corresponding to approx. Euro 8.64*) per share, which is the maximum of the identified share valuation range. As part of the listing, F.I.L.A., as the selling shareholder, sold 10,126,582 DOMS shares for total consideration of INR 800 crore (corresponding to approx. Euro 88.0 million*), while still remaining the largest single shareholder of the company post-listing, as it owns 18,561,153 DOMS shares, equivalent to 30.6% of DOMS’ share capital. Finally, the effects of the Indian listing will allow F.I.L.A. to significantly reduce the leverage ratio to support future growth objectives.” F.I.L.A was founded in Florence in 1920 and managed since 1956 by the Candela family, and is a highly consolidated, dynamic and innovative Italian industrial enterprise and continues to grow market share. F.I.L.A. has been listed on EXM – Euronext STAR segment of the Italian Stock Exchange since November 2015.
“ India Stationary & Art Materials Maker DOMS Industries with 30.6% Owned by Italy Fila IPO in India with Share Price Increasing +64% from INR 790 to Above INR 1,300 $1 Billion Market Value “
India Stationary & Art Materials Maker DOMS Industries with 30.6% Owned by Italy Fila IPO in India with Share Price Increasing +64% from INR 790 to Above INR 1,300 $1 Billion Market Value
DOMS Industries Limited
DOMS Industries Limited, as we know it today, traces its lineage back to over 4 decades, with the formation of a partnership firm, ‘R.R. Industries’ by our founders, Late Shri Rasiklal Amritlal Raveshia and Late Shri Mansukhlal Jamnadas Rajani, which over the years undertook the business of manufacturing and sale of scholastic stationery; scholastic art material; paper stationery; kits and combos; office supplies; hobby and craft; and fine art products. We launched our flagship brand, “DOMS” in 2005, which has taken large strides in revolutionising the Indian ‘stationery and art material’ industry. This was followed by a strategic partnership with a listed Italian multinational company, engaged in the supply of various ‘art materials’ and ‘stationery products’, with a global presence, F.I.L.A. – Fabbrica Italiana Lapis ed Affini S.p.A (F.I.L.A.), Italy, in 2012, which has enabled us to gain access to international markets for distribution of our products, augmentation of our R&D and technological capabilities. Later, we acquired Pioneer Stationery Private Limited, a company engaged in the business of manufacturing, selling, marketing and distribution of paper stationery products. In 2023, we acquired a minority stake in ClapJoy Innovations Private Limited, which is in the business of manufacturing and sale of ‘toys’. This acquisition is in line with our objective to increase the breadth of our product offering by entering categories that are associated through the growing years of kids, children and young adults. Further, in the year 2023, we acquired a majority stake in Micro Wood Private Limited, which is in the business of manufacturing tin and paper based packing material. This acquisition is in line with our Company’s strategy in achieving greater degree of backward integration for manufacturing.
FILA
F.I.L.A. (Fabbrica Italiana Lapis ed Affini), founded in Florence in 1920 and managed since 1956 by the Candela family, is a highly consolidated, dynamic and innovative Italian industrial enterprise and continues to grow market share. F.I.L.A. has been listed on EXM – Euronext STAR segment of the Italian Stock Exchange since November 2015. The company, with revenue of Euro 764.6 million in 2022, has grown significantly over the last twenty years and has achieved a series of strategic acquisitions, including the Italian Adica Pongo, the US Dixon Ticonderoga Company and Pacon Group, the German LYRA, the Mexican Lapiceria Mexicana, the English Daler-Rowney Lukas and the French Canson, founded by the Montgolfier family in 1557. F.I.L.A. is an icon of Italian creativity globally through its colouring, drawing, modelling, writing and painting tools, thanks to brands such as Giotto, Tratto, Das, Didò, Pongo, Lyra, Doms, Maimeri, Daler-Rowney, Canson, Princeton, Strathmore and Arches. Since its foundation, F.I.L.A. has chosen to focus on growth through continuous innovation, both in technological and product terms, in order to enable individuals to express their ideas and talent through tools of exceptional quality. In addition, F.I.L.A. and the Group companies work together with the Institutions to support educational and cultural projects which promote creativity and expression among individuals and make culture accessible to all.
F.I.L.A. currently operates through 25 production facilities (of which two in Italy) and 33 subsidiaries across the globe and employs over 11,300.
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