Flair Writing IPO GMP, Review, Price, Allotment

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Last updated on November 28, 2023

Flair Writing IPO GMP

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.

Flair Writing Industries IPO

Promoters of Flair Writing – Mr. Khubilal Jugraj Rathod, and Mr. Vimalchand Jugraj Rathod


Flair Writing IPO Details

Flair Writing IPO Dates22 – 24 November 2023
Flair IPO PriceINR 288 – 304 per share
Fresh issue9,605,263 shares (INR 276.63 – 292 crore)
Offer For Sale9,901,315 shares (INR 285.16 – 301 crore)
Total IPO size19,506,578 shares (INR 561.79 – 593 crore)
Minimum bid (lot size)49 shares (INR 14,896)
Face Value INR 5 per share
Retail Allocation35%
Listing OnBSE, NSE

Flair Writing Industries Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Revenue297.99577.40942.66246.70
Expenses308.74514.19795.49205.55
Net income1.1855.33117.9431.37
Margin (%)0.409.5812.5112.72
Figures in INR Crores unless specified otherwise

Flair Writing Offer News


Flair Writing Industries Valuations & Margins

FY 2021FY 2022FY 2023
EPS0.115.9112.66
PE ratio22.75 – 24.01
RONW (%)0.3718.8731.17
NAV28.3434.2546.90
ROCE (%)0.1417.4131.24
EBITDA (%)7.7216.9019.47
Debt/Equity0.490.390.26
*Compiled by IPO Central from Prospectus

Flair Writing IPO GMP Today

DateDay-wise IPO GMPKostakSubject to Sauda
28 Nov 2023803501,700
27 Nov 2023803501,700
25 Nov 2023783501,900
24 Nov 2023703801,800
23 Nov 2023603001,500
22 Nov 202358
21 Nov 202355
20 Nov 202360
18 Nov 202355

Flair Writing IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered41,18,05230,88,54172,06,5951,44,13,188
24 Nov 2023115.6033.3712.9946.67
23 Nov 20231.3610.057.166.12
22 Nov 20230.532.782.872.18

Flair Writing Industries IPO Reviews – Subscribe or Avoid?

Angel One –
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Aditya Birla Capital – Subscribe
Ashika Research – Not Rated
Asit C Mehta – Subscribe
Axis Capital – Not Rated
BP Wealth – Subscribe
Canara Bank Securities – Subscribe for listing gains
Choice Broking – Subscribe
Dalal & Broacha –
Elite Wealth –
Geojit –
GEPL Capital – Subscribe
Hem Securities –
ICICIdirect –
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang – Subscribe
Reliance Securities – Subscribe
Religare Broking –
Samco Securities – Subscribe for potential listing gains
SMC Global – 2.5/5
Swastika Investmart – Subscribe
Ventura Securities – Subscribe


Flair Writing IPO Allotment Status

Flair Writing IPO allotment status will be 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 Date22 November 2023
Flair IPO Closing Date24 November 2023
Finalisation of Basis of Allotment28 November 2023
Initiation of refunds29 November 2023
Transfer of shares to demat accounts1 December 2023
Flair Writing IPO Listing Date1 December 2023
Opening Price on NSE SMEComing soon
Closing Price on NSE SMEComing soon

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: +91 22 4009 4400
Email[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: 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 80 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 1,700 per application.

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