The Flair Writing IPO date has been confirmed on November 22 and will close on November 24. Read the post to learn about Flair Writing Limited IPO GMP.
Flair Writing is a BSE SME IPO that aims to raise 593 crores. The price range is from ₹ 288 to ₹ 304 per share. The minimal lot size for an application is 49 shares. Retail investors need a minimal investment of ₹ 14,896. The minimum lot size investment for sNII is 14 lots( 686 shares) for ₹ 208,544, while bNII requires 68 lots( 3,332 shares) worth ₹1,012,928.
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Key Details Of Flair Writing Limited IPO:
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 Today is ₹150.
Flair Writing IPO Overview
The Flair Writing IPO is a book- erected offering of Rs 593.00 crore. The immolation includes a new issuance 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 started on November 22, 2023, and ended on November 24, 2023. The Flair Writing IPO allotment ended on Wednesday, November 29, 2023. On December 1, 2023, the shares were listed on the BSE and the NSE.
The Flair Writing IPO price ranges from ₹ 288 to ₹ 304 per share. The Flair Writing Limited IPO GMP Today is ₹150. An operation requires a minimum lot size of 49 shares, and retail investors must contribute a minimum of ₹ 14,896. The minimum lot size investment in sNII is 14 lots( 686 shares), totalling 208,544, but in bNII, it’s 68 lots( 3,332 shares), totalling 1,012,928.
As of June 30, 2023, Flair Writing Industries had a retail distributor presence in 2,424 Indian metropolises, towns, and villages. Flair features sophisticated retail shops,ecommerce platforms, and traditional deals channels. The company had 54 transnational deals and distribution mates in 77 countries as of June 30, 2023. The pot had 5,899 full- time workers 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 similar to pens( ball pens, root pens, gel pens, comber pens, and essence pens). faculty, HAUSER, PIERRE CARDIN, faculty CREATIVE, FLAIR HOUSEWARE, and ZOOX are the establishment’s brands. The company produces and sells writing devices similar to pens, stationery, and calculators. Watercolors, crayons, sketch pens, erasers, rustic pencils, geometry boxes, fine liners, sharpeners, and scales are also available from the company. As of June 30,
2023, Flair handled 727 different particulars. Salvers, bottles, storehouse holders, serving results, drawing results, baskets, and paper lockers are among the domestic goods that the company has lately 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 | [email protected] |
| Website | www.kfintech.com |
Contact Details
| Name | Flair Writing Industries Limited |
| Phone number | +91 22 4203 0405 |
| Email ID | [email protected] |
| Website | flairworld.in |
IPO Strengths
- 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.
Flair Writing IPO FAQs
Q2. How do I apply for the Flair Writing Public Offer?
Ans. The best way to apply for the Flair Writing public offer is through Internet banking (ASBA) (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill out an offline IPO form and deposit the same with your broker.
Q3. What is Flair Writing IPO GMP today?
Ans. Flair Writing IPO GMP today is ₹82.
Q4. What is the Flair Writing Kostak rate today?
Ans. Flair Writing Kostak rate today is ₹60.
Q5. What is the Flair Writing Subject to Sauda rate today?
Ans. Flair Writing Subject to Sauda rate today is ₹1500.
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