Flair Writing Industries Limited IPO (Flair Writing IPO) Details
Flair Writing IPO is a book built issue of Rs 593.00 crores. The issue is a combination of fresh issue of 0.96 crore shares aggregating to Rs 292.00 crores and offer for sale of 0.99 crore shares aggregating to Rs 301.00 crores.
Flair Writing IPO bidding started from November 22, 2023 and ended on November 24, 2023. The allotment for the Flair Writing IPO is expected to be finalized on Thursday, November 30, 2023. Flair Writing IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, December 5, 2023.
Flair Writing IPO 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.
Nuvama Wealth Management Limited and Axis Capital Limited are the book running lead managers of the Flair Writing IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Flair Writing IPO RHP for detailed information.
Flair Writing IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | [.] |
| 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 |
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Flair Writing IPO Reservation
Flair Writing IPO offers 19,506,577 shares. 3,901,316 (20.00%) to QIB, 2,925,987 (15.00%) to NII, 6,827,302 (35.00%) to RII and 5,851,972 (30.00%) to Anchor investors. 139,332 RIIs will receive minimum 49 shares and 1,421 (sNII) and 2,843 (bNII) will receive minimum 686 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 5,851,972 (30.00%) | NA |
| QIB Shares Offered | 3,901,316 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,925,987 (15.00%) | |
| bNII > ₹10L | 1,950,658 (10.00%) | 2,843 |
| sNII < ₹10L | 975,329 (5.00%) | 1,421 |
| Retail Shares Offered | 6,827,302 (35.00%) | 139,332 |
| Total Shares Offered | 19,506,577 (100%) |
Flair Writing IPO Anchor Investors Details
Flair Writing IPO raises Rs 177.90 crore from anchor investors. Flair Writing IPO Anchor bid date is November 21, 2023. Flair Writing IPO Anchor Investors list
| Bid Date | November 21, 2023 |
| Shares Offered | 5,851,972 |
| Anchor Portion Size (In Cr.) | 177.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 5, 2024 |
Flair Writing IPO Timeline (Tentative Schedule)
Flair Writing IPO opens on November 22, 2023, and closes on November 24, 2023.
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Flair Writing IPO Lot Size
Investors can bid for a minimum of 49 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and 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 |
Flair Writing IPO Promoter Holding
The promoters of the company are Mr. Khubilal Jugraj Rathod, Mr. Vimalchand Jugraj Rathod, Mr. Rajesh Khubilal Rathod, Mr. Mohit Khubilal Rathod and Mr. Sumit Rathod.
| Share Holding Pre Issue | 97.49% |
| Share Holding Post Issue | 79.21% |
About Flair Writing Industries Limited
Incorporated in 1976, 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 Financial Information (Restated Consolidated)
Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 765.04 | 684.18 | 557.49 | 480.66 |
| Revenue | 248.50 | 954.29 | 587.64 | 310.87 |
| Profit After Tax | 32.14 | 118.10 | 55.15 | 0.99 |
| Net Worth | 470.16 | 437.99 | 319.86 | 264.65 |
| Reserves and Surplus | 423.46 | 391.29 | 296.50 | 241.31 |
| Total Borrowing | 126.67 | 115.59 | 126.33 | 130.31 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
Flair Writing IPO Market Cap is Rs 3204 Cr and P/E (x) is 23.36.
| KPI | Values |
|---|---|
| P/E (x) | 23.36 |
| Post P/E (x) | 25.7 |
| Market Cap (₹ Cr.) | 3204 |
| ROE | 31.17% |
| ROCE | 31.24% |
| Debt/Equity | 0.26 |
| EPS (Rs) | 12.33 |
| RoNW | 31.17% |
Objects of the Issue (Flair Writing IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (New Valsad Unit);
- Funding capital expenditure of the company and its subsidiary, FWEPL;
- Funding working capital requirements of the company and its subsidiaries, FWEPL and FCIPL;
- Repayment/pre-payment, in part or full, of certain borrowings availed by the company and its Subsidiaries, FWEPL and FCIPL; and
- General corporate purposes.
Flair Writing IPO Subscription Status (Bidding Detail)
The Flair Writing IPO is subscribed 49.28 times on November 24, 2023 7:02:00 PM. The public issue subscribed 13.73 times in the retail category, 122.02 times in the QIB category, and 35.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 122.02 |
| NII | 35.23 |
| bNII (bids above ₹10L) | 36.53 |
| sNII (bids below ₹10L) | 32.61 |
| Retail | 13.73 |
| Total | 49.28 |
Total Application : 1,694,065 (12.16 times)
Flair Writing IPO Prospectus
Flair Writing Industries Limited Contact Details
Flair Writing Industries Limited
63 B/C, Government Industrial Estate
Charkop, Kandivali West
Mumbai 400 067
Phone: +91 22 4203 0405
Email: investors@flairpens.com
Website: https://flairworld.in/
Flair Writing IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: flairwriting.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Flair Writing IPO GMP
Flair Writing IPO last GMP is ₹84, last updated Nov 26th 2023 12:29 PM. With the price band of 304.00, Flair Writing IPO's estimated listing price is ₹388 (cap price + today's GMP).The expected percentage gain/loss per share is 27.63%.>> Flair Writing IPO Retail Subject to Sauda: ₹3100>> Flair Writing IPO Small HNI Subject to Sauda: ₹43400
We update GMP on a daily basis and based on last 11 sessions grey market activities, today IPO GMP points upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹84. Stay with us to know the daily price trend of Flair Writing IPO GMP with expected listing price.
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Flair Writing Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 26-11-2023 | 304.00 | ₹84  | 3100/43400 | ₹388 (27.63%) | 26-Nov-2023 12:29 |
| 25-11-2023 | 304.00 | ₹84  | 3100/43400 | ₹388 (27.63%) | 25-Nov-2023 23:23 |
| 24-11-2023 Close | 304.00 | ₹80  | 3000/42000 | ₹384 (26.32%) | 24-Nov-2023 23:32 |
| 23-11-2023 | 304.00 | ₹82 | 3100/43400 | ₹386 (26.97%) | 23-Nov-2023 23:32 |
| 22-11-2023 Open | 304.00 | ₹71 | 2600/36400 | ₹375 (23.36%) | 22-Nov-2023 23:32 |
| 21-11-2023 | 304.00 | ₹60 | 2200/30800 | ₹364 (19.74%) | 21-Nov-2023 23:28 |
| 20-11-2023 | 304.00 | ₹60 | 2200/30800 | ₹364 (19.74%) | 20-Nov-2023 23:31 |
| 19-11-2023 | 304.00 | ₹67 | 2500/35000 | ₹371 (22.04%) | 19-Nov-2023 23:23 |
| 18-11-2023 | 304.00 | ₹67 | 2500/35000 | ₹371 (22.04%) | 18-Nov-2023 23:28 |
| 17-11-2023 | 304.00 | ₹58 | 2200/30800 | ₹362 (19.08%) | 17-Nov-2023 23:27 |
IPO grey market premium (GMP)
The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP reflects how a particular company’s IPO issue might react on the day of listing. A positive GMP premium signals that the IPO is likely to be at profit while a negative GMP indicates that the IPO is likely to be at a discount.
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Flair Writing IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Flair Writing IPO or not.
Flair Writing IPO FAQs
Flair Writing IPO is a main-board IPO of 19,506,578 equity shares of the face value of ₹5 aggregating up to ₹593.00 Crores. The issue is priced at ₹288 to ₹304 per share. The minimum order quantity is 49 Shares.
The IPO opens on November 22, 2023, and closes on November 24, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Flair Writing IPO using UPI as a payment gateway. Zerodha customers can apply in Flair Writing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Flair Writing IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'Flair Writing IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
The Flair Writing IPO opens on November 22, 2023 and closes on November 24, 2023.
Flair Writing IPO lot size is 49 Shares, and the minimum amount required is ₹14,896.
The finalization of Basis of Allotment for Flair Writing IPO will be done on Thursday, November 30, 2023, and the allotted shares will be credited to your demat account by Monday, December 4, 2023. Check the Flair Writing IPO allotment status.
The Current GMP of Flair Writing IPO is ₹84 . The Flair Writing IPO GMP (Grey Market Premium) is the rate of premium, on which, the IPO is trading in the grey market or over-the-counter (OTC) market or off-exchange trading between two persons. The GMP price last updated on Nov 26th 2023 12:29 PM.
The estimated listing price for Flair Writing IPO is ₹388 which is approx 27.63% gain. The latest GMP of Flair Writing IPO is ₹84. The GMP price last updated on Nov 26th 2023 12:29 PM.
Disclaimer: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.
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