Last updated on December 1, 2023
Flair Writing IPO description – Incorporated in 2016, Flair Writing Industries manufactures and distributes writing instruments including pens, stationery products, and calculators. Leveraging on its manufacturing capabilities and existing customer base in the writing and creative instruments business, it has also diversified into manufacturing houseware products and steel bottles.
In FY 2023, Flair Writing sold 1,303.60 million units of pens, of which 975.30 million units, or 74.82% were sold domestically, and 328.30 million units, or 25.18% were exported globally. Compared with other key organized players in the writing and creative instruments industry such as DOMS, Camlin, Linc, and Luxor, the company had the largest 162 distributor/dealer network and wholesale/retailer network, in the writing instruments segment in India, according to CRISIL, comprising approximately 7,700 distributors/dealers and approximately 315,000 wholesalers/retailers, as of 31 March 2023.
Flair Writing Industries products are sold under its ‘Flair’ brand, its principal brands ‘Hauser’ and ‘Pierre Cardin’ and the company has recently introduced ‘ZOOX’ in India. Flair Writing offered 699 different products as of 31 March 2023.
Promoters of Flair Writing – Mr. Khubilal Jugraj Rathod, and Mr. Vimalchand Jugraj Rathod
Flair Writing IPO Details
| Flair Writing IPO Dates | 22 – 24 November 2023 |
| Flair IPO Price | INR 288 – 304 per share |
| Fresh issue | 9,605,263 shares (INR 276.63 – 292 crore) |
| Offer For Sale | 9,901,315 shares (INR 285.16 – 301 crore) |
| Total IPO size | 19,506,578 shares (INR 561.79 – 593 crore) |
| Minimum bid (lot size) | 49 shares (INR 14,896) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Flair Writing Industries Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 297.99 | 577.40 | 942.66 | 246.70 |
| Expenses | 308.74 | 514.19 | 795.49 | 205.55 |
| Net income | 1.18 | 55.33 | 117.94 | 31.37 |
| Margin (%) | 0.40 | 9.58 | 12.51 | 12.72 |
Flair Writing Offer News
- Flair Writing Industries RHP
- Flair Writing Industries Draft Prospectus
- Upcoming IPOs in November 2023
- ASBA IPO Forms
- Live IPO Subscription Status
Flair Writing Industries Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.11 | 5.91 | 12.66 |
| PE ratio | – | – | 22.75 – 24.01 |
| RONW (%) | 0.37 | 18.87 | 31.17 |
| NAV | 28.34 | 34.25 | 46.90 |
| ROCE (%) | 0.14 | 17.41 | 31.24 |
| EBITDA (%) | 7.72 | 16.90 | 19.47 |
| Debt/Equity | 0.49 | 0.39 | 0.26 |
Flair Writing IPO GMP Today
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 30 Nov 2023 | 90 | 350 | 1,600 |
| 29 Nov2023 | 80 | 350 | 1,700 |
| 28 Nov 2023 | 80 | 350 | 1,700 |
| 27 Nov 2023 | 80 | 350 | 1,700 |
| 25 Nov 2023 | 78 | 350 | 1,900 |
| 24 Nov 2023 | 70 | 380 | 1,800 |
| 23 Nov 2023 | 60 | 300 | 1,500 |
| 22 Nov 2023 | 58 | – | – |
| 21 Nov 2023 | 55 | – | – |
| 20 Nov 2023 | 60 | – | – |
| 18 Nov 2023 | 55 | – | – |
Flair Writing IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 41,18,052 | 30,88,541 | 72,06,595 | 1,44,13,188 |
| 24 Nov 2023 | 115.60 | 33.37 | 12.99 | 46.67 |
| 23 Nov 2023 | 1.36 | 10.05 | 7.16 | 6.12 |
| 22 Nov 2023 | 0.53 | 2.78 | 2.87 | 2.18 |
Flair Writing Industries IPO Reviews – Subscribe or Avoid?
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Flair Writing IPO Allotment Status
Flair Writing IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Flair Writing IPO Dates & Listing Performance
| Flair IPO Opening Date | 22 November 2023 |
| Flair IPO Closing Date | 24 November 2023 |
| Finalisation of Basis of Allotment | 28 November 2023 |
| Initiation of refunds | 29 November 2023 |
| Transfer of shares to demat accounts | 1 December 2023 |
| Flair Writing IPO Listing Date | 1 December 2023 |
| Opening Price on NSE SME | INR 501 per share (up 64.8%) |
| Closing Price on NSE SME | INR 450.90 per share (up 48.32%) |
Flair Writing Industries IPO Lead Manager
NUVAMA WEALTH MANAGEMENT LIMITED
801 – 804, Wing A, Building No 3 Inspire BKC, G Block
Bandra Kurla Complex, Bandra East Mumbai 400 051, Maharashtra
Phone:Â +91 22 4009 4400
Email:Â [email protected]
Website: www.nuvama.com
Flair Writing Industries IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website:Â www.linkintime.co.in
Flair Writing Industries Contact Details
FLAIR WRITING INDUSTRIES LIMITED
63 B/C, Government Industrial Estate, Charkop,
Kandivali West, Mumbai 400 067, Maharashtra, India
Phone: +91 22 4203 0405
E-mail: [email protected]
Website: www.flairworld.in
Flair Writing IPO FAQs
How many shares in Flair Writing IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Flair Writing Public Offer?
The best way to apply in 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 up an offline IPO form and deposit the same to your broker.
What is Flair Writing IPO GMP today?
Flair Writing IPO GMP today is INR 90 per share.
What is the Flair Writing kostak rate today?
Flair Writing kostak rate today is INR 350 per application.
What is Flair Writing Subject to Sauda rate today?
Flair Writing Subject to Sauda rate today is INR 1,600 per application.
