Flair Writing Industries Limited
Mainboard₹14,896 / 49 Shares
Flair Writing Industries Limited IPO Details
The Flair Writing Industries Limited IPO price band is set between ₹288-304 per equity share, with a face value of ₹5 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 22 Nov, 2023 and closes on 24 Nov, 2023. Investors can check the allotment status on 29 Nov, 2023, while the listing date is tentatively scheduled for 1 Dec, 2023.
The total issue size is Total ₹593 Cr :#Fresh Issue : 9,605,263 shares, aggregating up to ₹292.00 Cr. Stay tuned for the latest Flair Writing Industries Limited IPO review and GMP updates.
Flair Writing Industries Limited IPO Review, Rating & Analysis
Flair Writing Industries Limited IPO Review
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Flair Writing Industries Limited IPO Highlights
IPO Date
Nov 22, 2023 - Nov 24, 2023
Listing Date
1 Dec, 2023
Face Value
₹5 Per Equity Share
Price Band
₹288-304 per equity share
Lot Size
49 Shares
Fresh Issue
9,605,263 Shares
Offer for Sale
9,901,315 shares of ₹5
Listing At
BSE, NSE
Flair Writing Industries Limited IPO Lot Size
The minimum market lot for Flair Writing Industries Limited IPO is 49 shares with an application amount of ₹14,896. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,896 |
| Retail (Max) | 13 | 637 | ₹1,93,648 |
| S-HNI (Min) | 14 | 686 | ₹2,08,544 |
| S-HNI (Max) | 67 | 3283 | ₹9,98,032 |
| B-HNI (Min) | 68 | 3332 | ₹10,12,928 |
Flair Writing Industries Limited IPO Timeline
Issue Price
₹288-304 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Nuvama Wealth Management LimitedAxis Capital LimitedIssue Size
Total ₹593 Cr :#Fresh Issue : 9,605,263 shares(aggregating up to ₹292.00 Cr) +
#OFS : 9,901,315 shares of ₹5(aggregating up to ₹301 Cr)
Flair Writing Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 684.18 | 954.29 | 118.10 | - | - | - |
| 31 Mar 22 | 557.49 | 587.64 | 55.15 | - | - | - |
| 31 Mar 21 | 480.66 | 310.87 | 0.99 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Khubilal Jugraj Rathod
- Mr. Vimal Jugraj Rathod
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About Company
Flair is engaged in developing and manufacturing writing instruments that are tailored to today's continuously shifting market. FLAIR is an ISO 9001 : 2015; ISO 14001 : 2015 certified company, adhering to global business & social norms.
FLAIR has established business relationships with some of the leading pioneers in the writing industry. The company owns several brands including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and the ZOOX. In the Financial Year 2023, the company sold a total of 1,303.60 million units of pens, out of which 975.30 million units, which accounts for 74.82% of the sales, were sold domestically while 328.30 million units, accounting for 25.18% of the sales, were exported globally.
Furthermore, the company has recently ventured into manufacturing a diverse range of houseware products such as casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins. This expansion was made possible through one of our subsidiaries, FWEPL.
Flair Writing Industries Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 3,901,316 | 2,925,987 1,950,658 975,329 | 6,827,302 | 14,413,188 |
Day 1 -22-11-23 05:00 PM | 0.53 x | 2.78 2.23 x 3.88 x | 2.87 x | 2.18 x |
Day 2 -23-11-23 05:00 PM | 1.36 x | 10.05 8.73 x 12.69 x | 7.16 x | 6.12 x |
Day 3 -24-11-23 05:00 PM | 115.60 x | 33.37 34.61 x 30.90 x | 13.01 x | 46.98 x |
12.16 times
Frequently Asked Questions about Flair Writing Industries Limited IPO
When will Flair Writing Industries Limited IPO open for subscription?
The Flair Writing Industries Limited IPO opens on 22 Nov, 2023 and closes on 24 Nov, 2023.
What is the investors portion for Flair Writing Industries Limited IPO?
The investors' portion for QIB is 115.60 x, NII is 34.61 x, and Retail is 13.01 x.
How to apply for Flair Writing Industries Limited IPO?
You can apply for Flair Writing Industries Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Flair Writing Industries Limited IPO?
The issue size of Flair Writing Industries Limited IPO is approx ₹Total ₹593 Cr :#Fresh Issue : 9,605,263 shares(aggregating up to ₹292.00 Cr) +#OFS : 9,901,315 shares of ₹5(aggregating up to ₹301 Cr) crores.
What is the price band of Flair Writing Industries Limited IPO?
The price band for Flair Writing Industries Limited IPO is ₹288 to ₹304 per equity share.
What is the lot size of Flair Writing Industries Limited IPO?
The minimum bid (lot size) for Flair Writing Industries Limited IPO is N/A shares with an investment of approx ₹14,896 .
What is the allotment date of Flair Writing Industries Limited IPO?
The allotment date for Flair Writing Industries Limited IPO is 29 Nov, 2023.
What is the listing date of Flair Writing Industries Limited IPO?
The listing date for Flair Writing Industries Limited IPO is expected to be 1 Dec, 2023.
What is the GMP of Flair Writing Industries Limited IPO?
The latest Grey Market Premium (GMP) for Flair Writing Industries Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.