The Flair Writing IPO date has been confirmed on November 22 and will close on November 24.
Using an IPO, Flair Writing is a BSE SME IPO seeking to raise 593 crores. The price band is set at ₹288 to ₹304 per share. The minimum lot size for an application is 49 Shares. The minimum amount of investment required by retail investors is ₹14,896. The minimum lot size investment for sNII is 14 lots (686 shares), amounting to ₹208,544, and for bNII, it is 68 lots (3,332 shares), amounting to ₹1,012,928.
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Bidding Dates
November 22–24
Price Range
₹288 to ₹304 per share
Face Value
₹5 Per Equity Share
GMP
₹150
Flair Writing IPO GMP
The Flair Writing Limited IPO GMP is ₹150 .
IPO Overview
The Flair Writing IPO is a Rs 593.00 crore book-built issuance. The offering consists of a fresh issue of 0.96 crore shares worth Rs 292.00 crores and an offer for sale of 0.99 crore shares worth Rs 301.00 crores. Bidding for the Flair Writing IPO began on November 22, 2023 and finished on November 24, 2023. The Flair Writing IPO allotment was completed on Wednesday, November 29, 2023. On December 1, 2023, the shares were listed on the BSE and NSE.
The pricing range for the Flair Writing IPO is set at $288 to 304 per share. An application requires a minimum lot size of 49 Shares. Retail investors must make a minimum investment of $14,896. The minimum lot size investment in sNII is 14 lots (686 shares), amounting to 208,544, while the minimum lot size investment in bNII is 68 lots (3,332 shares), amounting to 1,012,928.
As of June 30, 2023, Flair Writing Industries had a retail distributor presence in 2,424 Indian cities, towns, and villages. Flair features sophisticated retail shops and e-commerce platforms in addition to traditional sales channels. The company had 54 international sales and distribution partners in 77 countries as of June 30, 2023. The corporation had 5,899 full-time employees as of June 30, 2023.
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 Company Financial Report
| Earning Per Share (EPS): | ₹12.66 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 31.17% |
| Net Asset Value (NAV): | ₹46.90 per Equity Share |
Flair Writing IPO Allotment and Listing Dates
| Anchor Investors Allotment: | November 21, 2023 |
| IPO Open Date: | November 22, 2023 |
| IPO Close Date: | November 24, 2023 |
| Basis of Allotment: | November 30, 2023 |
| Refunds: | December 1, 2023 |
| Credit to Demat Account: | December 4, 2023 |
| IPO Listing Date: | December 5, 2023 |
Company Profile
Flair Writing Industries Limited, founded in 1976, designs and manufactures writing tools such as pens (ball pens, fountain pens, gel pens, roller pens, and metal pens). FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and ZOOX are among the brands owned by the firm. The company produces and sells writing devices such as pens, stationery, and calculators. Watercolours, crayons, sketch pens, erasers, wooden pencils, geometry boxes, fine liners, sharpeners, and scales are also available from the company. As of June 30,
2023, Flair provided 727 different items. Casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins are among the domestic goods that the company has recently entered. This growth was made possible by one of the subsidiaries, FWEPL.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91 810 811 4949 |
| Email ID | flairwriting.ipo@linkintime.co.in |
| Website | www.kfintech.com |
Contact Details
| Name | Flair Writing Industries Limited |
| Phone number | +91 22 4203 0405 |
| Email ID | investors@flairpens.com |
| Website | 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.
