<ul><li>The stationery maker Doms will open its ₹1,200 crore initial public offer (IPO) on December 13 and close on December 15.</li><li>The company intends to use net proceeds from the fresh issue to set-up a new manufacturing facility and general corporate purposes.</li><li>The grey market is bullish on the public offer, as it expects 52% listing gains from the stock. </li></ul>After a bumper IPO fundraising in November, the December season of public offers will be kicked off by pencil maker Doms. The Gujarat based stationery and office supplies maker Doms will open its ₹1,200 crore initial public offer (IPO) on December 13 and close on December 15. It has fixed a price band of ₹750-790 per share. The grey market is bullish on the public offer, as it expects 52% listing gains from the stock. The issue is a combination of fresh equity to the tune of ₹350 crore and offer for sale component is at around ₹850 crore. The company intends to use net proceeds from the fresh issue to set-up a new manufacturing facility in addition to general corporate purposes. As much as 10% of the issue will be offered for retail investors, and the bid lot is 18 shares and in multiples thereof. About the company The Gujarat-based company was set-up in 1973 as a partnership firm, RR Industries by founders — late Rasiklal Amritlal Raveshia and late Mansukhlal Jamnadas Rajani. After a long series of changes it built its brand ‘Doms’ under which it now sells scholastic stationery, art material, paper stationery, office supplies and more. It had around 12% market share in branded stationery and art materials market in FY23. Its core products such as pencils and ‘mathematical instrument boxes’ enjoy 29% and 30% market share by value in FY23, as per Technopak Report. Its products are manufactured in Umbergaon at Gujarat and Bari Brahma in Jammu and Kashmir. As on March 31, 2023, it had seven warehouses, two depots, over 100 super stockists, and over 3,750 distributors across the country. Its listed peers in the market are <keyword id="1889881" type="General" weightage="80" keywordseo="kokuyo-camlin" source="Orion">Kokuyo Camlin</keyword>, <keyword id="19741385" type="General" weightage="50" keywordseo="linc-and-pidilite-industries" source="Orion">Linc and Pidilite Industries</keyword>. Financial performance &amp; risk factors Its revenue from operations grew at a CAGR of 73.45% from FY21 to FY23. Its EBITDA margin more than doubled from 7.45% to 15.4% over FY21 to FY23, the company said in its DRHP. The company which posted losses in FY21, turned around in FY22. “Such loss was predominantly due to Covid-19 related lockdown, which resulted in the closure of domestic and export markets, especially educational institutions, offices and workplaces and retail outlets,” the company said. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,211 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹683 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹402 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PAT </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹102 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(₹6 crore) </td></tr></tbody></table>Source: DRHP It generates a significant portion of our sales from its top selling product of wooden pencils, which contributed to 31.6% of total sales in FY23. More than 70% of its sales comes from general trade channels where it sells products directly to super-stockists, who then sell onward to distributors, wholesalers, retailers and more. Over 60% of its exports business is driven by its Italian partner FILA. It is involved in two material civil litigations — one by it and one against it. One of its civil litigations involves a suit filed against it by Kokuyo <keyword id="152149" type="General" weightage="80" keywordseo="camlin" source="Orion">Camlin</keyword> for alleged infringement and passing off of certain designs in relation to mathematical instrument boxes, compasses, and dividers which are registered in the to Camlin. It also has 9 tax and statutory/regulatory proceedings against it. Its promoters and directors have six cases against them, including criminal and statutory/regulatory proceedings.

Pencil maker Doms to kick off December IPO season, fixes price band at ₹750-790

<ul><li>The stock listed on D-Street at ₹1,400 as compared to an issue price of ₹790 per share. </li><li>The grey market had expected a 62% listing gain from the stock. </li><li>The market cap of the company is at ₹8,496.21 crore according to BSE.</li></ul>Stationary major <keyword id="7268674" type="General" weightage="100" keywordseo="doms-industries" source="Orion">Doms Industries</keyword> made its D-street debut at a 77% premium on Wednesday. The stock has listed at ₹1,400 as compared to the issue price of ₹790 per share. The grey market had expected a 62% listing gain from the stock. The market cap of the company is at ₹8,496.21 crore according to BSE. The ₹1,200 crore offer was subscribed as subscribed 93 times the shares on offer. Qualified Institutional Buyer (QIB) portion of the issue was subscribed 115 times the shares on offer. Retail investor portion was subscribed 69 times, and non-institutional investor (NII) portion was subscribed 66x. The issue had a price band of ₹750-790 per share. The company raised ₹537.7 crore from 55 anchor investors before opening it for the public. The issue is a combination of fresh equity to the tune of ₹350 crore and offer for sale component is at around ₹850 crore. The company intends to use net proceeds from the fresh issue to set-up a new manufacturing facility in addition to general corporate purposes. <table style="border-width: initial; border-style: none;"><colgroup></colgroup><col /><col /><thead><tr><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </th><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </th></tr><tr><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Technologies </th><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">162% </th></tr><tr><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gandhar Oil </th><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">78% </th></tr><tr><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Fedbank Financial Services </th><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0% </th></tr><tr><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IREDA </th><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">87% </th></tr><tr><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ASK Automotive </th><th style="border-left:solid #000000 0.9999974999999999pt;border-right:solid #000000 0.9999974999999999pt;border-bottom:solid #000000 0.9999974999999999pt;border-top:solid #000000 0.9999974999999999pt;vertical-align:top;background-color:#ffffff;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </th></tr></thead></table> <cmsannotation type="cmsannotation" annotationid="Dominant player with high brand recall" comment="subhead" text="Dominant player with high brand recall">Dominant player with high brand recall</cmsannotation> The Gujarat-based stationery and art product maker is one of India’s largest such players with a wide distribution reach. It has a 12% market share in the organised stationery market with around 30% share in pencils and ‘mathematical instrument boxes’. “Doms in a different league altogether. Its distribution is good, and has shown a phenomenal growth since the Covid pandemic and its fundamentals are in place,” Arun Kejriwal, founder at Kejriwal Research &amp; Investment Services, tells Business Insider India. It also sells other scholastic stationery, art material, paper stationery, office supplies and more. “They have the widest breadth of product categories amongst their peers in India. Their presence across multiple categories and price points has enabled them to be the fastest growing such company in terms of revenue,” said a report by Anand Rathi. Its listed peers in the market are <keyword id="1889881" type="General" weightage="80" keywordseo="kokuyo-camlin" source="Orion">Kokuyo Camlin</keyword>, Linc and Pidilite Industries.

Doms Industries lists at over 77% premium exceeding grey market expectations

<ul><li>QIB investor portion of the issue was subscribed over 115 times.</li><li>Retail and NII portions were subscribed over 60 times each. </li><li>The company raised ₹537.7 crore from 55 anchor investors ahead of the issue.</li></ul> Stationery maker Doms’ initial public offer (IPO) was subscribed 93 times the shares on offer on Friday. The ₹1,200 crore offer saw stellar participation from all classes of investors. Qualified Institutional Buyer (QIB) portion of the issue was subscribed 115 times the shares on offer. Retail investor portion was subscribed 69 times, and non-institutional investor (NII) portion was subscribed 66x. The issue had a price band of ₹750-790 per share. The company raised ₹537.7 crore from 55 anchor investors before opening it for the public. The issue is a combination of fresh equity to the tune of ₹350 crore and offer for sale component is at around ₹850 crore. The company intends to use net proceeds from the fresh issue to set-up a new manufacturing facility in addition to general corporate purposes. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Type of investor </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">115.97 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">66.47 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">69.1 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">93.4 </td></tr></tbody><tbody></tbody><tbody></tbody></table> Source: BSE Dominant player with high brand recall The Gujarat-based stationery and art product maker is one of India’s largest such players with a wide distribution reach. It has a 12% market share in the organized stationery market with around 30% share in pencils and ‘mathematical instrument boxes’. “Doms in a different league altogether. Its distribution is good, and has shown a phenomenal growth since the Covid pandemic and its fundamentals are in place,” <keyword id="127547" type="General" weightage="50" keywordseo="arun-kejriwal" source="Orion">Arun Kejriwal</keyword>, founder at Kejriwal Research &amp; Investment Services, tells Business Insider India. It also sells other scholastic stationery, art material, paper stationery, office supplies and more. “They have the widest breadth of product categories amongst their peers in India. Their presence across multiple categories and price points has enabled them to be the fastest growing such company in terms of revenue,” said a report by <keyword id="84326" type="General" weightage="50" keywordseo="anand-rathi" source="Orion">Anand Rathi</keyword>. Its listed peers in the market are <keyword id="1889881" type="General" weightage="50" keywordseo="kokuyo-camlin" source="Orion">Kokuyo Camlin</keyword>, Linc and Pidilite Industries. It is also expanding internationally and has forged a joint venture with Italian multinational company FILA. It gives them access to international markets, and also augments their R&amp;D and technological capabilities. “Their symbiotic association with FILA, based on mutual synergies, has resulted in expansion of their international footprint in key American and European markets and has helped in the global distribution of ‘Doms’ brand,” said a report by Axis Capital.

Investors make a beeline for Doms, issue subscribed 93x

<ul><li>Doms has 12% market share in India’s branded stationery and art material market.</li><li>Recently listed stationery players Flair and Cello World gave good listing gains.</li><li>The grey market expects 61% listing gains from Doms. </li></ul>Few school-going children and their parents would be unaware of Doms. The high recall value and its dominant market position will help the ₹1,200 crore public offer is expected to sail through easily, say experts. Stationery makers Flair and Cello World recently made their successful market debuts providing 49% and 22% listing gains respectively. The IPO of Doms, India’s second largest branded stationery and art products maker, will only be better, say experts. “Neither of them are in a dominant position in the market. Doms in a different league altogether. Its distribution is good, and has shown a phenomenal growth since the Covid pandemic and its fundamentals are in place,” <keyword id="127547" type="General" weightage="50" keywordseo="arun-kejriwal" source="Orion">Arun Kejriwal</keyword>, founder at Kejriwal Research &amp; Investment Services, tells Business Insider India. A wide range of products The company sells scholastic stationery, art material, paper stationery, office supplies and more. It had around 12% market share in branded stationery and art materials market in FY23. Its core products such as pencils and ‘mathematical instrument boxes’ enjoy 29% and 30% market share by value in FY23. “They have the widest breadth of product categories amongst their peers in India. Their presence across multiple categories and price points has enabled them to be the fastest growing such company in terms of revenue,” said a report by Anand Rathi which gives it a ‘subscribe for long-term’ rating. Its listed peers in the market are <keyword id="1889881" type="General" weightage="50" keywordseo="kokuyo-camlin" source="Orion">Kokuyo Camlin</keyword>, Linc and Pidilite Industries. Kejriwal too says that the company is focussed on growth. “Based on interactions with the management, they seem focussed on growing volumes and expanding the business,” he adds. The grey market too is placing its bets on the company, as it expects 61% listing gains from the stock. Experts say that this is because only 10% of the offer is earmarked for retail investors, and a lot of people are expected to apply for the issue. The issue will open on December 13 and close on December 15, and has fixed a price band of ₹750-790 per share. The post-Covid turnaround The company posted losses in FY21 due to Covid-19 related lockdown, which resulted in the closure of domestic and export markets, especially educational institutions, offices and workplaces and retail outlets. Ever since, however, it has shown a steady growth. Its revenue from operations grew at a CAGR of 73.45% from FY21 to FY23. Its EBITDA margin more than doubled from 7.45% to 15.4% over FY21 to FY23, the company said in its DRHP. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"><colgroup></colgroup><col /><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,211 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹683 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹402 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PAT </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹102 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">(₹6 crore) </td></tr></tbody></table>Source: DRHP A wide distribution Doms operates 14 manufacturing facilities in Gujarat and <keyword id="18509534" type="General" weightage="50" keywordseo="bari-brahma" source="Orion">Bari Brahma</keyword> in Jammu and Kashmir. It intends to use the net proceeds from the fresh issue to set-up a new manufacturing facility in addition to general corporate purposes. It also has a wide reach and a strong domestic distribution network of over 120 super-stockists, and 4,000 distributors along with a dedicated sales team of over 500 personnel covering more than 120,000 retail touch points over 3,500 cities and towns. It is also expanding internationally and has forged a joint venture with Italian multinational company FILA. It gives them access to international markets, and also augments their R&amp;D and technological capabilities. “Their symbiotic association with FILA, based on mutual synergies, has resulted in expansion of their international footprint in key American and European markets and has helped in the global distribution of ‘Doms’ brand,” said a report by Axis Capital. They also have an exclusive tie-up with certain entities of the FILA Group, for distribution and marketing for all categories of their respective products, under their name and trademark, in India, Nepal, Bhutan, Sri Lanka, Bangladesh, Myanmar, and Maldives. Rooted firmly in its home market, it’s eyeing exports with a focus on backward integration to drive efficiencies. All of it makes Doms a long-term bet, say analysts. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/stellar-listing-gains-book-profits-if-there-are-bumper-gains-say-experts/articleshow/105630290.cms">Stellar listing gains: Book profits if there are bumper gains say experts</a> <a href="https://www.businessinsider.in/stock-market/news/tata-technologies-stock-doubles-investor-money-on-debut/articleshow/105609598.cms">Va va vroom: Tata Technologies stock doubles investor money on debut</a>

Child’s Play: High recall and dominant position add to Doms’ appeal

<ul><li>The company makes and markets the Flair brand of pens, with rights to brands like <keyword id="2099374" type="General" weightage="50" keywordseo="hauser" source="Orion">Hauser</keyword> and <keyword id="116476" type="General" weightage="50" keywordseo="pierre-cardin" source="Orion">Pierre Cardin</keyword>.</li><li>It intends to raise as much as ₹593 crore via the public issue.</li><li>Net proceeds from the issue will be to set-up a new facility in Valsad, amongst others. </li></ul>Mumbai-based stationery maker Flair Writing opens its initial public offer (IPO) for subscription on November 22, and closes on November 24. It has fixed a price band of ₹288-304 for the issue, and intends to raise as much as ₹593 crore via the issue. Investors can bid for a minimum of 49 equity shares and in multiples thereof. The company which manufactures and sells Flair brand of pens, also acquired rights to international brands like Hauser and Pierre Cardin’s writing instruments. Its products currently reach 3.15 lakh wholesalers and retailers. It’s also charting an expansion strategy, and is also expanding its manufacturing capacities. It’s also venturing into houseware and other school and office supplies. “We also seek to focus on growing our existing product portfolio and diversification of our product range, emphasise on mid-premium segment and premium segment to increase margins, continue to increase production capacity and enhance capacity utilization, strategically expand exports, deepen our sales and distribution network and further strengthen our brands,” the company said in its RHP. It’s also setting its sights on increased exports. The company has a market share of 7.1% in the export of writing and creative instruments industry in FY23. It’s expecting to gain from the China +1 strategy adopted by many international companies. “We have received feedback from many international OEMs to make vacuum bottles and more such. It’s a good business which can add to our topline and bottomline both,” Sumit Rathod, whole time director at Flair Writing Industries told Business Insider India. The issue comprises fresh issue to the tune of ₹292 crore; and an offer for sale of ₹301 crore. The net proceeds from the fresh issue will be used to set-up a new manufacturing facility for writing instruments in Valsad, Gujarat. It will use the rest to fund capex; working capital requirements, loan payment and more. Financials &amp; risk factors The company’s revenues have been growing at a compounded annual growth rate (CAGR) of 22.85% from FY21 to FY23. “We have been consistently growing and outperforming the market. We are confident that we will be able to keep up with the growth rates seen historically,” said Rathod. Its net profit almost doubled in FY23 as compared to the year before. “In FY23, the company’s operating margin moved upward as EBITDA margins increased 300 basis points and stood at 19.47% versus 16.9% on a YoY basis,” said a report by Kunvarji Wealth Solutions which gave a ‘subscribe’ rating to the IPO. The company’s peers in the market include the recently listed Cello World, Linc and <keyword id="1889881" type="General" weightage="50" keywordseo="kokuyo-camlin" source="Orion">Kokuyo Camlin</keyword>. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"><colgroup></colgroup><col /><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹942 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹577 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹297 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹118 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹55 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹98 lakh </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: RHP Plant shutdowns, its inability to carry through its expansion plans, labour unrests, regulatory and other issues have been cited by the company as risk factors in its RHP. It also adds that increased competition could have a material impact on its business. In FY23, the market share of organized players in the writing instrument space is around 78-80% with the rest being catered to by unorganized players, according to CRISIL. “At times, retailers offer products from local manufacturers or unbranded items at lower prices or in ‘combo-offers’ with 45 other stationery items. Our inability to adequately address competitive pressures from the organized and unorganized players, may have a material adverse effect on our business, operations, prospects or financial results,” the company said in its RHP. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/tata-technologies-ipo-to-open-on-november-22-price-band-fixed-at-475-500/articleshow/105261065.cms">Tata Technologies IPO to open on November 22, price band fixed at ₹475-500</a> <a href="https://www.businessinsider.in/stock-market/news/ireda-ipo-to-open-on-november-21-price-band-fixed-at-30-32/share/articleshow/105263776.cms">IREDA IPO to open on November 21, price band fixed at ₹30-32/share</a> <a href="https://www.businessinsider.in/stock-market/news/fedbank-financial-services-ipo-to-open-on-november-22-price-band-fixed-at-133-140/sh/articleshow/105292752.cms">Fedbank Financial Services IPO to open on November 22; price band fixed at ₹133-140/sh</a>

Flair Writing hopes to gain from the China +1 strategy

Children absolutely love the world of <keyword id="11112" type="COMPANY" weightage="20" keywordseo="colours">colours</keyword>. Bright, fun and peppy, colours are a great way to build and enhance your child’s creative and cognitive skills. From an early age parents introduce their kids to colours that help in distinguishing things, shapes and designs to a certain extent. Kindergarten, elementary or even junior schooling emphasises on harassing the creative side of children. Colouring sets also known as colouring kits, play an important role in this. Loved by children of all age groups, these sets consist of shades that let your child imagine great wonders and create something striking. Crayons, oil pastels, pencil colours, colour tubes or water paints - the world of colouring sets is exciting and fun. We showcase some of the choicest selection of coloring sets that are perfect for children who love to draw, sketch or paint. Read on - <bulletContentEmbed name="B0722ZMZC2" columns="1"><bulletContentHeading name="B0722ZMZC2_head"><columnHead col="1"><columnHeadThumb><div type="image" title="Top Pick" msid="81461970" hostid="261"></div></columnHeadThumb><columnHeadTitle>B0722ZMZC2</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B0722ZMZC2_body"><bulletContentRow name="B0722ZMZC2_7858858187740026"><bulletContentRowHeading><bulletContentRowHead col="1">Camlin Kokuyo Brush Pens, 24 Shades (Multicolor)</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This is a pack of twenty-four brush pens from Camlin. These brush pens are made up of premium quality material and give a water colour-like texture. These pens are water soluble. It is now easy to paint with these brush pens without getting into the hassle of actual water colours. The pens have flexible tip and can also be used for practicing caligraphy.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B0722ZMZC2_2498015287864032"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Very convenient to use.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B00DJ5N9VK" columns="1"><bulletContentHeading name="B00DJ5N9VK_head"><columnHead col="1"><columnHeadThumb><div type="image" title="Editor&amp;#39;s Pick" msid="81462124" hostid="261"></div></columnHeadThumb><columnHeadTitle>B00DJ5N9VK</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B00DJ5N9VK_body"><bulletContentRow name="B00DJ5N9VK_1619387897003867"><bulletContentRowHeading><bulletContentRowHead col="1">Faber-Castell Connector Pen Set - Pack of 25 (Assorted)</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This is a budget friendly set of sketch pens from Faber-Castell. The set includes twenty five sketch pens of different colours. These pens are connector pens and are very easy to carry. The set contains 40% more ink than any other sketch pens and last longer. You can also use these pens for a fun activity of building cool models be connecting them.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B00DJ5N9VK_7476164642087855"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Completely safe for children and contains food grade ink.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07S2XSCG6" columns="1"><bulletContentHeading name="B07S2XSCG6_head"><columnHead col="1"><columnHeadThumb> <div type="image" title="Popular Pick" msid="78260380" hostid="261"></div></columnHeadThumb><columnHeadTitle>B07S2XSCG6</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07S2XSCG6_body"><bulletContentRow name="B07S2XSCG6_4910300723487446"><bulletContentRowHeading><bulletContentRowHead col="1">Cello ColourUp Color Pencil Set -Break resistant body for writing, drawing and colouring, Works smoothly even on rough paper - Pack of 24</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Perfect for the ones who love to doodle, shade, write or draw, this set of 24 colourful pencils is a blessing! The bright shades pop beautifully even on the most rough paper. These non-toxic colour pencils have a break-resistant body that safeguard the lead within. This set comes with a DIY 3D shading art activity as well. Safe to use, this set of colour pencils adheres to the European Toy standards safety.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07S2XSCG6_5848185808631786"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">24 Colourful Break-Resistant Pencils, Perfect for Shading</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B00LY12TH6" columns="1"><bulletContentHeading name="B00LY12TH6_head"><columnHead col="1"><columnHeadThumb> <div type="image" title="Must Have" msid="78260325" hostid="261"></div></columnHeadThumb><columnHeadTitle>B00LY12TH6</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B00LY12TH6_body"><bulletContentRow name="B00LY12TH6_8141015633075474"><bulletContentRowHeading><bulletContentRowHead col="1">Camel Oil Pastel with Reusable Plastic Box - 50 Shades</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">For the amateur, evolving or enthusiast budding artists - this box of 50 oil pastels is a safe introduction to the colouring world. Ideal to use on a drawing paper, this oil pastels set can also be used on surfaces like textured paper, sketching paper or even smooth tinted paper. With rich and bright colours, your child can mix-n-match to create his/her masterpiece. Safe to use, the colours adhere to the safety standards and are smooth and easy to apply. This set comes with a reusable plastic box which has a designated slot for each shade. Also included is 1 scraping tool. Perfect for colour mixing, etching, shading and creating textured design, this set can be used by all age groups.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B00LY12TH6_5803071315048884"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">50 Assorted Shades With a Plastic Box</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B073PTLW5F" columns="1"><bulletContentHeading name="B073PTLW5F_head"><columnHead col="1"><columnHeadThumb> <div type="image" title="Also Consider" msid="78260341" hostid="261"></div></columnHeadThumb><columnHeadTitle>B073PTLW5F</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B073PTLW5F_body"><bulletContentRow name="B073PTLW5F_0059429057031198"><bulletContentRowHeading><bulletContentRowHead col="1">Faber-Castell Erasable Crayon Tin Set - Pack of 12 (Assorted) + 2 FREE Gold and Silver</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This ultra smooth crayons tin set has 12 assorted shades with 2 bonus metallic shades in gold and silver colours. Compact tin size makes it handy while the triangular shape of the crayons provide a smooth and comfortable grip. Safe to use, these fragrance-free plastic crayons are erasable, hence your little one can wipe and create again when in doubt. Easy to sharpen, these crayons are erasable with vinyl and natural erasers while the no-flaking quality keeps the hands of your child clean. The top tip of these crayons can be used for fine colouring and the bottom base can be used for covering larger surface areas. This multipurpose crayons set is truly a value buy.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B073PTLW5F_4382593495411099"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Erasable Crayons Tin Set with 2 Metallic Shades</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed>

You Searched For "kokuyo camlin" and got 6 results

Pencil maker Doms to kick off December IPO season, fixes price band at ₹750-790

Katya Naidu

Doms Industries lists at over 77% premium exceeding grey market expectations

Katya

Sourabh

Investors make a beeline for Doms, issue subscribed 93x

Katya Naidu

Child’s Play: High recall and dominant position add to Doms’ appeal

Katya Naidu

Flair Writing hopes to gain from the China +1 strategy

Katya Naidu

Best colouring sets for children

BI India Bureau