The Flair Writing Industries date has been confirmed from November 22, 2023 and ended on November 24, 2023.
The Flair Writing IPO is a book-built issue worth Rs 593.00 crores. This issue consists of a fresh issue of 0.96 crore shares, amounting to Rs 292.00 crores, and an offer for sale of 0.99 crore shares, totaling Rs 301.00 crores.
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Bidding Dates
November 22– 24, 2023
Price Range
₹288 to ₹304 per share
Face Value
₹5 per share
GMP
₹150
Flair Writing Industries GMP
The Flair Writing Industries IPO GMP is ₹[150 ].
IPO Overview
To capitalize on its manufacturing expertise and current customer base, they have begun to diversify into the production of a wide range of houseware products. Casseroles, bottles, storage containers, serving solutions, cleaning solutions, and baskets and paper bins are among the items available. In India, its marketing channels include super-stockists, distributors, direct dealers, wholesalers, and retailers. A diverse network of distributors allows them to better understand consumer preferences.
The company has grown faster than the industry as a whole. While the industry grew at a 5.5% CAGR from FY2017 to FY2023, the company’s sales grew at a 14% CAGR throughout the same time. In FY2022, they had the greatest operating and net income margins in their peer group, at 17.8% and 9.6%, respectively. As a result, they are displaying strong signals of sales growth as well as profitability.
The price range for Flair Writing’s IPO has been established at ₹288 to ₹304 per share. Retail investors are required to invest a minimum amount of ₹14,896 and the minimum lot size for their application is 49 shares. As for sNII, the minimum lot size investment is 14 lots (686 shares), totaling ₹208,544. On the other hand, bNII has a minimum lot size investment of 68 lots (3,332 shares), amounting to ₹1,012,928.
Flair Writing IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | December 1, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹288 to ₹304 per share |
| Lot Size | 49 Shares |
| Total Issue Size | 19,506,578 shares (aggregating up to ₹593.00 Cr) |
| Fresh Issue | 9,605,263 shares (aggregating up to ₹292.00 Cr) |
| Offer for Sale | 9,901,315 shares of ₹5 (aggregating up to ₹301.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 95,790,115 |
| Share holding post issue | 105,395,378 |
Flair Writing IPO Timeline (Tentative Schedule)
The IPO for Flair Writing will commence on November 22, 2023, and conclude on November 24, 2023.
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Wednesday, November 29, 2023 |
| Initiation of Refunds | Thursday, November 30, 2023 |
| Credit of Shares to Demat | Thursday, November 30, 2023 |
| Listing Date | Friday, December 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Flair Writing IPO Lot Size
Investors have the opportunity to place bids for a minimum of 49 shares, and they can increase their bid in multiples of this amount. The table below illustrates the minimum and maximum investment that retail investors and HNI can make in terms of both shares and the corresponding amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,896 |
| Retail (Max) | 13 | 637 | ₹193,648 |
| S-HNI (Min) | 14 | 686 | ₹208,544 |
| S-HNI (Max) | 67 | 3,283 | ₹998,032 |
| B-HNI (Min) | 68 | 3,332 | ₹1,012,928 |
Company Profile
Established in 1976, Flair Writing Industries Limited is a renowned company that specializes in the development and production of a wide range of writing instruments. These include various types of pens such as ball pens, fountain pens, gel pens, roller pens, and metal pens. The company takes pride in owning multiple brands, namely FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and ZOOX. In addition to writing instruments, Flair also manufactures and distributes other stationery products like calculators and pens. Moreover, Flair offers an extensive selection of art supplies, including watercolors,
crayons, sketch pens, erasers, wooden pencils, geometry boxes, fine liners, sharpeners, and scales. As of June 30, 2023, Flair boasted an impressive portfolio of 727 distinct products.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 4918 6270 |
| Email ID | flairwriting.ipo@linkintime.co.in |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | Flair Writing Industries Limited |
| Phone number | +91 22 4203 0405 |
| Email ID | investors@flairpens.com |
| Website | https://flairworld.in/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
