Using an IPO, Flair Writing is a BSE SME IPO seeking to raise 593 crores. A fresh issue of 292 crores and an offer for sale of up to 301 crores of 5 apiece. The retail share is 35%, the QIB share is 50%, and the HNI share is 15%.
Flair Writing IPO GMP
The Flair Writing Limited IPO GMP is ₹84 .
Flair Writing Industries Limited was founded in 1976 and specializes in the development and manufacture of writing tools. According to CRISIL, they are the leading player in the pens area, with a revenue of 7,541.8 million from the pens writing instruments segment in India in fiscal year 2023. According to CRISIL, FLAIR is one of the top three companies in the entire writing instruments business, with a revenue of $9,155.5 million in Fiscal Year 2023 and a market share of roughly 9% in the total writing and creative instruments sector in India as of March 31, 2023.
Flair Writing offers a wide selection of goods at various pricing points and serves a diverse customer base, including students, professionals, and businesses. They manufacture and sell writing devices such as pens, stationery, and calculators. FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and ZOOX are among their brands.
Flair Writing IPO Date & Price Band Details
|IPO Open:||November 22, 2023|
|IPO Close:||November 24, 2023|
|IPO Size:||Approx. ₹593 Crores|
|Fresh Issue:||Approx. ₹292 Crores|
|Offer for Sale:||Approx. ₹301 Crores|
|Face Value:||₹5 Per Equity Share|
|IPO Price Band:||₹288 to ₹304 Per Share|
|IPO Listing on:||BSE & NSE|
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|
Flair Writing sold 1,303.60 million pens, with 975.30 million, or 74.82%, sold locally and 328.30 million, or 25.18%, exported abroad. According to CRISIL, the company had the largest 162 distributor/dealer network and wholesale/retailer network in the writing instruments segment in India, comprising approximately 7,700 distributors/dealers and approximately 315,000 wholesalers/retailers, as of March 31, 2023, when compared to other key organized players in the writing and creative instruments industry such as DOMS,
Camlin, Linc, and Luxor. According to CRISIL, they will have a 7.1% market share in the export of writing and creative instruments in the fiscal year 2023.
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
- 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
Ans. The investor portion for QIB is 50%, NII is 15%, and retail is 35%.
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.
Ans. Flair Writing IPO GMP today is ₹82.
Ans. Flair Writing Kostak rate today is ₹60.
Ans. Flair Writing Subject to Sauda rate today is ₹1500.