FLAIR

Feb 5 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• FLAIR WRITING INDUSTRIES LTD - GETS TAX ORDER DEMAND AND PENALTY OF 1.5 MILLION RUPEES EACH

Source text: ID:nBSEbZlWny

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Jan 31 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• FLAIR WRITING INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 293.5 MILLION RUPEES

• FLAIR WRITING INDUSTRIES LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.65 BILLION RUPEES

Source text: ID:nNSEcgPDSg

Further company coverage: FLAI.NS

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Jan 17 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• ANNOUNCES DROPPING OF TAX DEMAND PROCEEDINGS

Source text: ID:nBSE95zzcn

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Jan 1 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• FLAIR WRITING INDUSTRIES - GETS TAX ORDER WORTH 32.9 MILLION RUPEES INCLUDING PENALTY

Source text: ID:nBSE3gb9mJ

Further company coverage: FLAI.NS

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Dec 12 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• ANNOUNCES STRATEGIC PARTNERSHIP WITH MAPED

Source text: [ID:]

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Nov 8 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• SEPT-QUARTER CONSOL NET PROFIT 328.9 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.7 BILLION RUPEES

Source text: ID:nNSE15cKck

Further company coverage: FLAI.NS

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July 3 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• FLAIR WRITING INDUSTRIES LTD - NAMES ALPESH AMBALAL PORWAL AS CFO

Source text for Eikon: [ID:]

Further company coverage: FLAI.NS

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** Shares of Flair Writing Industries FLAI.NS up 1.8% at 305.6 rupees after rising as much as 3.4%

** Stationery maker on Monday reported 3.6% Y/Y rise in Q4 consolidated net profit

** Rev from ops fell 2.1% Y/Y while total expenses fell 3% Y/Y

** FLAI sees FY25 total capex at 950 mln rupees - 1 bln rupees ($11.4 mln - $12 mln)

** Trading vol 1.6x 30-day daily avg

** Stock down 12.2% YTD

($1 = 83.1491 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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May 27 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• SEE FY25 TOTAL CAPEX AT 950 MILLION RUPEES TO 1 BILLION RUPEES

• FY25 CAPEX TO BE UTILISED IN TIPS MANUFACTURING, NEW MANUFACTURING BUILDING IN VALSAD

• FY25 CAPEX TO BE UTILISED IN BROWNFIELD EXPANSION IN VALSAD, DEHRADUN & DAMAN

• SEES FY26 TOTAL CAPEX AT 150 MILLION RUPEES TO 200 MILLION RUPEES

• SIGNED LICENSEE AGREEMENT WITH DISNEY FOR BRANDING THEIR CHARACTERS FOR STATIONERY, ARTS & CRAFT PRODUCTS

Source text for Eikon: ID:nBSE8GWwbG

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April 30 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• GOT CGST ORDER FOR PAYMENT OF TAX FOR FY 2018-19 AGGREGATING TO 2.5 MILLION RUPEES

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** Shares of stationery makers Doms Industries DOMS.NS and Flair Writing Industries FLAI.NS up nearly 4% and 2% respectively

** Nuvama initiates coverage on stocks with a 'buy' recommendation; sets PTs at 1,944 rupees and 463 rupees, respectively

** Brokerage expects the branded players to post 17% CAGR in revenue over FY23–28, compared to industry's 13% CAGR growth

** Says DOMS' FY24 margins likely to be upwards of 17% vs co's guidance of 15%-17%, helped by lower raw material prices

** Nuvama says FLAI's profit to rise 15% CAGR over FY24–26 despite near-term weakness in exports and OEM business

** DOMS up 39.7% YTD, while FLAI down 14.4%

(Reporting by Rama Venkat in Bengaluru)

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March 8 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• PAID AMOUNT OF 1.7 MILLION RUPEES IN TAX MATTER

Source text for Eikon: ID:nNSE1Pv2V3

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Feb 19 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• GOT GST NOTICE WITH TOTAL LIABILITY OF 3.3 MILLION RUPEES

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Jan 17 (Reuters) - Flair Writing Industries Ltd FLAI.NS:

• RECEVIED SHOW CAUSE NOTICE FROM GUJARAT GST DEPARTMENT

• RECEVIED SHOW CAUSE NOTICE FOR TOTAL LIABILITY 49.7 MILLION RUPEES

Source text for Eikon: ID:nBSE6LljZY

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This is a repeat of an item issued on Tuesday

By M. Sriram

MUMBAI, Dec 19 (Reuters) - Hopes of policy stability in India after victories for Prime Minister Narendra Modi's ruling party in key state polls this month should extend a boom in initial public offerings (IPO) into 2024 as companies rush to tap investor demand, bankers say.

The $6.8 billion raised by Indian IPOs so far this year is 16% less than in all of 2022, Dealogic data shows, but outperforms a plunge of 36%, to about $5 billion, in Hong Kong listings, which are set for their weakest year in two decades.

The victory of Modi's Bharatiya Janata Party (BJP) in three of four major Indian states gives it a boost ahead of general elections due by May, and expectations of stability will spur more fundraising in 2024, bankers said.

"The state election outcome was more positive than expected, and has given investors more conviction leading up to the final elections, boosting confidence," said Subhrajit Roy, India head of global capital markets for Bank of America.

At least five companies plan to raise $500 million each, or more, in India listings next year, including three backed by SoftBank - Ola Electric, retailer FirstCry, and food delivery firm Swiggy.

More than a dozen others, from lenders to drugmakers and technology firms, have hastened preparation work on IPOs after the state poll results, bankers say, without identifying them.

"Issuers are stepping up the pace on their listing timeline to tap the current market sentiment," said Mahesh Natarajan, Nomura India head of equity capital markets. "The number of deals in the pipeline has multiplied as compared to last year."

India's market benchmark Sensex .BSESN is up nearly 17% this year and stands at a record, after having risen for seven straight weeks until last week, in its longest winning run since January 2018.

India's market share of IPO volumes has also grown this year amid economic slowdown and geopolitical concerns in China and a slump in U.S. listings.

India's share of global IPO proceeds is at an all-time high of 5.98%, Dealogic says, almost doubling in two years, while its share of Asia IPO proceeds has also grown to 9.9% this year from 5.9% in 2018.

RECORD YEAR

The year's major new Indian listings included Mankind Pharma MNKI.NS, which raised $500 million in May, the same month that saw Nexus Malls NEXE.NS raise $400 million, while Tata Technologies raised $360 million in November.

The fundraising activity has also been boosted by domestic growth that has beaten estimates, along with upward revisions of economists' projections, making the country a rare bright spot for global investors.

"India's relevance to the world is ever-increasing, as one among the few economies continuing to outperform against a global slowdown," Nomura's Natarajan said.

Other IPO hopefuls in 2024 include Warburg Pincus-backed India First Life Insurance, which is eyeing a January listing, while National Securities Depository Ltd is targeting a listing in the first quarter, two sources with direct knowledge said.

Both companies, which received regulatory approval for their IPOs more than six months ago, did not respond to queries seeking comment.

Top bankers are seeing multiple pitches every week, and expect the momentum to continue into 2024.

"This is the most momentum we have seen in at least 18 months ... all the signs are there for a record year (in 2024). India's bullishness seems given today," Bank of America's Roy said.

($1=83.1930 Indian rupees)

(Reporting by M. Sriram in Mumbai; Additional reporting by Scott Murdoch in Sydney; Editing by Sumeet Chatterjee and Clarence Fernandez)

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** Shares of Flair Writing Industries FLAI.NS close up 48.3% at 450.90 rupees on the listing day

** Shares were listed at 501 rupees, a premium of 64% vs issue price of 304 rupees

** Flair's 5.93 billion rupees IPO was oversubscribed by 47 times

** Given positive secondary market environment and ample liquidity, Flair Writing had a solid listing - Rajan Shinde, Research Analyst, Mehta Equities

** Out of 5 listings on Mumbai's Dalal Steet this week, Tata Technologies TATE.NS listed at a premium of 140%, while Gandhar Oil Refinery (India) GADH.NS surged 76% on its debut; Indian Renewable Energy Development Agency INAR.NS got listed at 56.3% premium, while Fedbank Financial Services FEDB.NS listed at 1.4% discount

** India has seen a record 201 IPOs so far this year, while main indexes have scaled record highs on improving economic growth prospects

(Reporting by Sethuraman NR in Bengaluru)

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