Flair Writing IPO Details ( Flair Writing Industries Limited IPO Review )
(22 Nov 2023 – 24 Nov 2023)
Flair, a company that started in 1976, creates and makes pens designed for today’s ever-changing market. We’re proud to be certified with ISO 9001:2015 and ISO 14001:2015, following international business and social standards.
We’ve built strong partnerships with leaders in the writing industry. Our brands include FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and the ZOOX. In the fiscal year 2023, we sold a total of 1,303.60 million pens. Of these, 975.30 million pens (74.82% of sales) were sold within the country, and 328.30 million pens (25.18% of sales) were exported worldwide.
Recently, we expanded our horizons and started making various houseware products like casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins. This expansion was made possible through our subsidiary, FWEPL.
Flair Writing Industries Limited Company Product
- Stationery:
- Ball pens
- Fountain pens
- Gel pens
- Roller pens
- Metal pens
- Mechanical pencils
- Highlighters
- Correction pens
- Markers
- Gel crayons
- Kids’ stationery kits
- Whiteboard markers
- Permanent markers
- Pierre Cardin branded stationery
- Notebooks
- Household Products:
- Casseroles
- Bottles
- Storage containers
- Serving solutions
- Cleaning solutions
- Baskets
- Paper bins
- Steel bottles
- Miscellaneous:
- Keychains
- It seems like you’ve repeated some items in your list, such as highlighters, mechanical pencils, correction pens, and Pierre Cardin. If you have specific questions or if there’s anything else you’d like to add or clarify, feel free to let me know!
- Keychains
Flair Writing Industries Limited IPO Competitive Strength
- Among the top three players in the overall writing instruments industry in India
- Diversified range of products across various price points catering to a wide spectrum of consumers
- Largest pan-India distributor/dealer network and wholesale/retailer network in the writing instruments industry and strong presence in targeted markets abroad
- Ability to partner with international brands in the writing instruments industry and one of the largest exporter of writing and creative instruments in India
- High quality manufacturing at a large scale coupled with innovation capabilities
- Experienced Promoters supported by professional senior management team
- Historical track-record of strong financial performance with industry-leading profitability
Flair Writing Industries IPO Financials Performance ( Results )
Flair Writing Industries Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 480.66 | 310.87 | 0.99 | 0.11 | 264.65 | 241.31 | 130.31 |
| 31-Mar-22 | 557.49 | 587.64 | 55.15 | 5.91 | 319.86 | 296.50 | 126.33 |
| 31-Mar-23 | 684.18 | 954.29 | 118.10 | 12.66 | 437.99 | 391.29 | 115.59 |
| 30-Jun-23 | 765.04 | 248.50 | 32.14 | 3.44 | 470.16 | 423.46 | 126.67 |
Objective of Flair Writing IPO Issue
- 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 Basic Details
| IPO Date | Nov 22, 2023 to Nov 24, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Face Value | ₹5 per share |
| Price | ₹288 to ₹304 per share |
| Lot Size | 49 Shares |
| Issue Size | 19,506,578 shares of ₹5 (aggregating up to ₹593.00 Cr) |
| Fresh Issue | 9,605,263 shares of ₹5 (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 | NSE, BSE |
| Share holding pre issue | 95,790,115 |
| Share holding post issue | 105,395,378 |
| Company Promoters | Mr. Khubilal Jugraj Rathod, Mr. Vimalchand Jugraj Rathod, Mr. Rajesh Khubilal Rathod, Mr. Mohit Khubilal Rathod and Mr. Sumit Rathod |
Flair Writing IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Flair IPO Timetable
Flair IPO will open on November 22, 2023 and close on November 24, 2023. You can join Flair IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 22 November 2023 (Wednesday) |
| Closing Date | 24 November 2023 (Friday) |
| Basis of Allotment | 30 November 2023 (Thursday) |
| Initiation of Refunds | 1 December 2023 (Friday) |
| Credit of Shares to Demat | 4 December 2023 (Monday) |
| Listing Date | 5 December 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 24 November 2023 |
Flair Writing IPO Lot Size
For retail investors in Flair Writing IPO, 49 shares will come in 1 lot or the minimum investment will be ₹14,896. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹193,648.
| 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 company’s promoters include Mr. Khubilal Jugraj Rathod, Mr. Vimalchand Jugraj Rathod, Mr. Rajesh Khubilal Rathod, Mr. Mohit Khubilal Rathod and Mr. Sumit Rathod.
| Pre Issue Share Holding | 97.49% |
| Post Issue Share Holding | 79.21% |
Flair Writing Industries Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 3204 |
| Earning Per Share (EPS) | ₹12.66 per Equity Share |
| Net Asset Value (NAV) | ₹46.90 per Equity Share |
| P/E Ratio (P/E) (x) | 24.01 |
| Return on Net Worth (RoNW) (%) | 31.17 |
| Return on equity (ROE) (%) | 31.17 |
| Return on Capital Employed (ROCE) (%) | 31.24 |
| Debt/Equity Ratio | 0.26 |
Flair Writing Industries Ltd Peer Comparison
| Company Name | CPM (₹) | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Flair Writing Industries Limited | 304 | Consolidated | 5.00 | 12.66 | 24.01 | 31.17 | 46.90 |
| Peer Group | |||||||
| Linc Limited | 842.60 | Consolidated | 10.00 | 25.15 | 33.50 | 23.37 | 119.17 |
| Kokuyo Camlin Limited | 138.65 | Consolidated | 1.00 | 2.44 | 56.82 | 9.74 | 26.18 |
| Cello World Limited | N.A. | Consolidated | 5.00 | 13.17 | N.A. | 23.17 | 56.84 |
Flair Writing IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹60 | – | – |
| 20 November 2023 | ₹60 | – | – |
| 19 November 2023 | ₹65 | – | – |
| 18 November 2023 | ₹67 | – | – |
| 17 November 2023 | ₹57 | – | – |
Flair Writing IPO Detail Video:
Flair Writing IPO Subscription Status (Bidding Detail)
The Flair Writing IPO on November 24, 2023 at 7:30:00 PM was subscribed 49.28 times, with the retail category being subscribed 13.73 times, the NII (Non-Institutional Investor) category being subscribed 35.23 times, QIB (Qualified-Institutional Buyers) category being subscribed 122.02 times.
| Category | Subscription |
| QIB | 122.02x |
| NII | 35.23x |
| Retail | 13.73x |
| Total | 49.28x |
Flair Writing IPO Prospectus
| Flair Writing IPO DRHP | Download |
| Flair Writing IPO RHP | Download |
| Flair Writing IPO Anchor Investors Details PDF | Download |
Flair Writing IPO Rating
| Our Rating | 3.5/5.0 |
Flair Writing Company Contact Information
Flair Writing Industries Limited
Registered Office: 63 B/C, Government Industrial Estate, Charkop, Kandivali West, Mumbai 400 067, Maharashtra, India
Contact Person: Mr. Vishal Kishor Chanda, Company Secretary and Compliance Officer
Tel: +91 22 4203 0405
E-mail: investors@flairpens.com
Website: www.flairworld.in
Corporate Identity Number: U51100MH2016PLC284727
Our Promoters: Mr. Khubilal Jugraj Rathod, Mr.vimalchand Jugraj Rathod, Mr. Rajesh Khubilal Rathod, Mr. Mohit Khubilal Rathod and Mr. Sumit Rathod
Flair Writing IPO Registrar
Link Intime India Private Limited
Registered Office: C-101, 1st Floor, 247 Park L.B.S. Marg Vikhroli West
Mumbai 400 083, Maharashtra, India
Tel: +91 810 811 4949
E-mail: flairwriting.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: flairwriting.ipo@linkintime.co.in
Contact person: Ms. Shanti Gopalkrishnan
SEBI registration no.: INR000004058
Flair Writing IPO Lead Manager
Nuvama Wealth Management Limited
(formerly known as Edelweiss Securities Limited)
Registered Office: 801 – 804, Wing A, Building No 3 Inspire BKC, G Block
Bandra Kurla Complex, Bandra East, Mumbai 400 051, Maharashtra, India
Tel: +91 22 4009 4400
E-mail: flair.ipo2023@nuvama.com
Website: www.nuvama.com
Investor grievance e-mail: customerservice.mb@nuvama.com
Contact person: Mr. Manish Tejwani
SEBI registration no.: INM000013004
Axis Capital Limited
Registered Office: 1st Floor, Axis House, C-2 Wadia International Centre
Pandurang Budhkar Marg, Worli Mumbai 400 025, Maharashtra, India
Tel: +91 22 4325 2183
E-mail: fwil.ipo@axiscap.in
Website: www.axiscapital.co.in
Investor grievance e-mail: complaints@axiscap.in
Contact person: Mr. Pratik Pednekar
SEBI registration no.: INM000012029
Flair Writing IPO FAQs
What is the lot size of Flair Writing IPO?
The total size of Flair Writing IPO is ₹593.00 crores out of which ₹292.00 crores is fresh issue and ₹301.00 crores is offer for sale (OFS).
When will Flair Writing IPO start?
Flair Writing IPO will open from 22 November 2023 and IPO will close on 24 November 2023.
What is the open date of Flair Writing IPO?
Flair Writing IPO will open date from 22 November 2023.
What is the last date ( close date ) of Flair Writing IPO?
Flair Writing IPO will close from 24 November 2023.
What is the price band of Flair Writing IPO?
Flair Writing IPO price band is ₹288 to ₹304. ( Upper Price Band: ₹304, Lower Price Band: ₹288 )
What is the minimum amount required to apply for Flair Writing IPO?
The minimum investment for retailers to apply for Flair Writing IPO is ₹14,896 and the maximum investment is ₹193,648.
What is going on gray market premium of Flair Writing IPO?
View gray market premium of Flair Writing IPO by Clicking Here
How much is the GMP of Flair Writing IPO?
Watch Flair Writing IPO GMP Today: Click Here
What is the allotment date of Flair Writing IPO?
The allotment date of Flair Writing IPO is 30 November 2023.
How to check allotment status in Flair Writing IPO?
To check the allotment status of Flair Writing IPO, first of all go to the registrar website by clicking here, select your bad Flair Writing IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Flair Writing IPO?
The listing date of Flair Writing IPO is 5 December 2023.
How much will be the listing gain in Flair Writing IPO?
View listing gain of Flair Writing IPO by Clicking Here
How much time Flair Writing IPO is subscribed?
Total 49.28 times subscribed in Flair Writing IPO out of which 13.73 times subscription was done in retail quota, 35.23 times subscription in NII quota and 122.02 times subscription in QIB quota.
How to apply for Flair Writing IPO from Upstox?
Click Here to see how to apply for Flair Writing IPO from Upstox. (step by step)
How to apply for Flair Writing PO from Zerodha?
Click Here to see how to apply for Flair Writing IPO from Zerodha. (step by step)
How to apply for Flair Writing IPO from Angle One?
Click Here to see how to apply for Flair Writing IPO from Angle One. (step by step)
