Flair Writing Industries Limited
- IPO Date22 Nov, 2023 to 24 Nov, 2023
- Listing Date05 Dec, 2023
- Face Value₹5 per share
- Issue Price₹288 to ₹304 per share
- Lot Size49 Shares
- Minimum Investment₹14,896
- Listing AtBSE, NSE
- Total Issue Size1,95,06,578 Shares
(aggregating up to ₹593.00 Cr) - Fresh Issue96,05,263 Shares
(aggregating up to ₹292.00 Cr)
- Offer for Sale99,01,315 Shares
(aggregating up to ₹301.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue9,57,90,115
- Shareholding post issue10,53,95,378
IPO Dates
Closing Date
24 Nov, 2023
Initiation of Refunds
04 Dec, 2023
Listing Date
05 Dec, 2023
22 Nov, 2023
Opening Date
30 Nov, 2023
Basis of Allotment
04 Dec, 2023
Credit of Shares
Flair Writing Industries Limited 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 |
|---|---|---|---|
| S-HNI (Min) | 14 | 686 | ₹2,08,544 |
| Retail (Min) | 1 | 49 | ₹14,896 |
| B-HNI (Min) | 68 | 3332 | ₹10,12,928 |
| S-HNI (Max) | 67 | 3283 | ₹9,98,032 |
| Retail (Max) | 13 | 637 | ₹1,93,648 |
Flair Writing Industries Limited 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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.49% | 79.21% |
Key Performance Indicator
Flair Writing IPO Market Cap is Rs 3204 Cr and P/E (x) is 24.01.
| KPI | Values |
|---|---|
| ROE | 31.17% |
| ROCE | 31.24% |
| RoNW | 31.17% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 24.01 | 12.66 |
| P/E (x) | 24.01 | 12.66 |
Flair Writing Industries Limited COMPANY INFORMATION
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 opens for subscription on November 22, 2023 and closes 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.
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.
FAQs About Flair Writing Industries Limited
Flair Writing Industries Limited will open on 22 Nov, 2023 and close on 24 Nov, 2023. Investors must apply within this period to participate.
The Flair Writing Industries Limited price band is set between ₹288.00 and ₹304.00 per share. The minimum lot size is 49, requiring an investment of at least ₹14896.00.
The Flair Writing Industries Limited shares are expected to be listed on 05 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Flair Writing Industries Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Flair Writing Industries Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.