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Flair Writing Industries Ltd.

Flair Writing Industries Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹304
₹304
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹304
Based on GMP
Min. Investment
₹14,896
1 lot × 49 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
22 Nov 2023
Close Date
24 Nov 2023
Allotment
29 Nov 2023
Listing Date
01 Dec 2023
Exchange
NSE & BSE
Price Band
₹304
Listing Price
See chart
Allotment Status
Price Band
₹304
Per share
Face Value
₹5 per share
 
Lot Size
49 Shares
per lot
Issue Size
1,95,06,578 shares (aggregating up to ₹593.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,896
1 lot
Post-IPO Holding
10,53,95,378 shares
Promoters
P/E (Pre)
23.36x
 
P/E (Post)
25.7x
 
EPS (Pre)
₹12.33
 
UPI Deadline
2023-11-24
Mandate
Anchor AllotmentTue, 21 Nov 2023
Basis of AllotmentWed, 29 Nov 2023
Refund InitiationThu, 30 Nov 2023
Demat CreditThu, 30 Nov 2023
Listing DayFri, 01 Dec 2023
UPI Mandate Deadline2023-11-24
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares96,05,263 shares (aggregating up to ₹292.00 Cr)
Offer for Sale99,01,315 shares of ₹5 (aggregating up to ₹301.00 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Flair Writing Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 24 Nov 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
19,506,578
100% ₹593.00
IPO Shares Offered
Flair Writing Industries Ltd. IPO total issue size: ₹593.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 19,506,578 ₹593.00
100.00%
* Based on upper price band ₹304 per share
Lot Size & Investment
Lot Size
49
Shares per Lot
Issue Price
₹304.00
Upper Band
Min Investment
₹14,896
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)298₹29,792
Retail (Max — 13 Lots)13637₹193,648
S-HNI (Min — 14 Lots)14686₹208,544
B-HNI (Min — 68 Lots)683,332₹1,012,928
* Issue Price ₹304 × Lot Size 49 shares
IPO Schedule
Anchor
21 Nov 2023
✓ Done
IPO Open
22 Nov 2023
✓ Done
IPO Close
24 Nov 2023
✓ Done
Allotment
29 Nov 2023
✓ Done
Refunds
30 Nov 2023
✓ Done
Demat Credit
30 Nov 2023
✓ Done
Listing Day
01 Dec 2023
✓ Done
Flair Writing Industries Ltd. — Live Price LIVE
₹304.00
INR · BSE
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Issue ₹304.00 Live Price
About Flair Writing Industries Ltd.
Incorporated in 1976, Flair Writing Industries Limited develops and manufactures writing instruments including a variety of pens (ball pens, fountain pens, gel pens, roller pens, and metal pens). The company owns several brands, including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and ZOOX. The company manufactures and distributes writing instruments including pens, stationery products, and calculators.The company also offers watercolors, crayons, sketch pens, erasers, wooden pencils, and geometry boxes, fine liners, sharpeners, and scales. Flair offered 727 different products as of June 30, 2023.The company has also recently entered the household goods sector, including casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins. This expansion was made possible through one of the subsidiaries, FWEPL.The company manufactures pens and other products from 11 manufacturing plants located in Valsad, Gujarat; in Naigaon (near Mumbai), Maharashtra; in Daman, Union Territory of Dadra and Nagar Haveli and Daman and Diu; and Dehradun, Uttarakhand.Flair Writing Industries had a retail distributor presence in 2,424 cities, towns, and villages in India, as of June 30, 2023. In addition to traditional sales channels, Flair has modern retail stores and e-commerce platforms. As of June 30, 2023, the company has 54 international sales partners and distribution partners in 77 countries. As of June 30, 2023, the company had 5,899 full-time employees.
Objects of the Issue
1
Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (New Valsad Unit);
2
Funding capital expenditure of the company and its subsidiary, FWEPL;
3
Funding working capital requirements of the company and its subsidiaries, FWEPL and FCIPL;
4
Repayment/pre-payment, in part or full, of certain borrowings availed by the company and its Subsidiaries, FWEPL and FCIPL; and
5
General corporate purposes.
Flair Writing Industries Ltd. Financials (Amount in Crore)
Revenue from Operations
₹587.6
31 Mar 2022
₹954.3
31 Mar 2023
₹248.5
30 Jun 2023
Profit After Tax (PAT)
₹55.2
31 Mar 2022
₹118.1
31 Mar 2023
₹32.1
30 Jun 2023
Particulars30 Jun 202331 Mar 202331 Mar 2022
Revenue from Operations 248.50 954.29 587.64
EBITDA N/A N/A N/A
Profit After Tax (PAT) 32.14 118.10 55.15
Net Worth 470.16 437.99 319.86
Total Assets 765.04 684.18 557.49
Reserves & Surplus 423.46 391.29 296.50
Borrowings 126.67 115.59 126.33
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
31.17%
RoCE
31.24%
RoNW
31.17%
Debt/Equity
0.26
Issue Structure & Shareholding
Total Shares Offered1,95,06,578 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter HoldingN/A
Post-Issue Promoter Holding10,53,95,378 shares
P/BV RatioN/A
RoE31.17%
RoCE31.24%
Debt / Equity0.26
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Nuvama Wealth Management Ltd.
Axis Capital Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Flair Writing Industries Ltd. IPO subscribed?

Flair Writing Industries Ltd. IPO is subscribed 1.00 times by Nov 24, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Flair Writing Industries Ltd. IPO retail subscription status?

The Flair Writing Industries Ltd. IPO retail category is subscribed 1.00 times as of 24 Nov 2023. The retail portion is oversubscribed.

How to subscribe Flair Writing Industries Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 22 Nov 2023 and closes 24 Nov 2023. Min investment: ₹14,896 (1 lot = 49 shares). UPI mandate: 2023-11-24.

How many times Flair Writing Industries Ltd. IPO subscribed?

The Flair Writing Industries Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Flair Writing Industries Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 29 Nov 2023. Refunds: on 30 Nov 2023.

When Flair Writing Industries Ltd. IPO will be listed?

The Flair Writing Industries Ltd. IPO listing date is 01 Dec 2023, Friday. Listed on: NSE & BSE. Issue price: ₹304. Estimated listing: ₹304. GMP: NIL.

When Flair Writing Industries Ltd. IPO close?

The Flair Writing Industries Ltd. IPO closes on 24 Nov 2023, Friday. UPI mandate: 2023-11-24. Allotment: 29 Nov 2023. Listing: 01 Dec 2023.