F.I.L.A. - 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 regulated market Euronext Milan, organized and managed by Borsa Italiana S.p.A., Euronext STAR Milan segment, following the announcement made on December 7, 2023, announces the successful completion of the listing process of its Indian subsidiary, DOMS Industries Limited ("DOMS"), on the National Stock Exchange of India.
The shares of DOMS were priced at 790 INR (equivalent to approximately 8.64 Euros*) per share, representing the upper end of the valuation range for the shares.
As part of the listing, F.I.L.A., as a selling shareholder, sold a total of 10,126,582 DOMS shares for a total consideration of INR 800 crore (equivalent to approximately 88.0 million Euros*), while remaining the largest single shareholder of the company post-listing, holding 18,561,153 DOMS shares, or 30.6% of DOMS' share capital.
Finally, the effects of the Indian listing will significantly reduce F.I.L.A.'s leverage ratio in support of future growth objectives.
*at the exchange rate of 91.43 INR/Euro "We are proud to have successfully completed the listing process of DOMS, which is the result of the joint efforts of the past years with all our shareholders. Today, the company can rely on a further strengthened shareholder base with the entry of new institutional investors," said Massimo Candela, CEO of F.I.L.A. "After the first trading sessions, the stock has risen to over 1400 INR per share, bringing the market capitalization to approximately 1 billion Euros and the value of our stake to around 300 million Euros. Finally, as we have always done since our entry in 2012, we continue to strongly believe in the further development of the company for the benefit of all stakeholders, and the extraordinary performance of the company's first day of trading, closing with a +69% progress, demonstrates the strength and potential of the Indian market." As part of the transaction, JM Financial Limited, BNP Paribas India, ICICI Securities Limited, and IIFL Securities Limited acted as Book Running Lead Managers for the DOMS IPO; Link Intime India Private Ltd acted as the registrar.
DOMS was assisted by the law firm Khaitan & Co as legal advisor for the listing.
F.I.L.A., as a selling shareholder, was assisted by the law firm Salonia e Associati, the law firm AZB & Partners for Indian law matters, and the Zucchetti law firm for corporate secretarial and tax matters.
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