Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Forensic Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Capital Markets

Flair Writing Industries  / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/flair-writing-industries-ltd" target="_blank" data-smartkarma-citation="entities:40327:1" rel="noopener">Flair Writing Industries (1656496D IN)</a> 's INR 5.9 bn upcoming IPO consists of fresh issue worth INR 2.9 bn and OFS worth INR 3 bn (at the upper end).</li>
<li>The company is the largest pen manufacturer in India and one of the top three players in the Indian Writing Instruments Industry.</li>
<li>While the company has shown a handsome growth since the pandemic, some operating metrics pertaining to employees don’t seem to add up.</li>
</ul>



Flair Writing Industries (1656496D IN) 's INR 5.9 bn upcoming IPO consists of fresh issue worth INR 2.9 bn and OFS worth INR 3 bn (at the upper end).
The company is the largest pen manufacturer in India and one of the top three players in the Indian Writing Instruments Industry.
While the company has shown a handsome growth since the pandemic, some operating metrics pertaining to employees don’t seem to add up.


Flair Writing Industries IPO- Forensic Analysis