Flair Writing IPO Details | GMP, Date, Price, Review

Flair Writing IPO

Table of Contents

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:
    1. Ball pens
    2. Fountain pens
    3. Gel pens
    4. Roller pens
    5. Metal pens
    6. Mechanical pencils
    7. Highlighters
    8. Correction pens
    9. Markers
    10. Gel crayons
    11. Kids’ stationery kits
    12. Whiteboard markers
    13. Permanent markers
    14. Pierre Cardin branded stationery
    15. Notebooks
  • Household Products:
    1. Casseroles
    2. Bottles
    3. Storage containers
    4. Serving solutions
    5. Cleaning solutions
    6. Baskets
    7. Paper bins
    8. Steel bottles
  • Miscellaneous:
    1. 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!

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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthReservesBorrowing

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 DateNov 22, 2023 to Nov 24, 2023
Listing DateTuesday, December 5, 2023
Face Value₹5 per share
Price₹288 to ₹304 per share
Lot Size49 Shares
Issue Size19,506,578 shares of ₹5
(aggregating up to ₹593.00 Cr)
Fresh Issue9,605,263 shares of ₹5
(aggregating up to ₹292.00 Cr)
Offer for Sale9,901,315 shares of ₹5
(aggregating up to ₹301.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Share holding pre issue95,790,115
Share holding post issue105,395,378
Company PromotersMr. 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 Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% 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.

Opening Date22 November 2023 (Wednesday)
Closing Date24 November 2023 (Friday)
Basis of Allotment30 November 2023 (Thursday)
Initiation of Refunds1 December 2023 (Friday)
Credit of Shares to Demat4 December 2023 (Monday)
Listing Date5 December 2023 (Tuesday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)149₹14,896
Retail (Max)13637₹193,648
S-HNI (Min)14686₹208,544
S-HNI (Max)673,283₹998,032
B-HNI (Min)683,332₹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 Holding97.49%
Post Issue Share Holding79.21%

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.

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 Ratio0.26

Flair Writing Industries Ltd Peer Comparison

Company NameCPM
Flair Writing Industries
Peer Group
Linc Limited842.60Consolidated10.0025.1533.5023.37119.17
Kokuyo Camlin Limited138.65Consolidated1.002.4456.829.7426.18
Cello World LimitedN.A.Consolidated5.0013.17N.A.23.1756.84

Flair Writing IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
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.


Flair Writing IPO Prospectus

Flair Writing IPO DRHPDownload
Flair Writing IPO RHPDownload
Flair Writing IPO Anchor Investors Details PDFDownload

Flair Writing IPO Rating

Our Rating3.5/5.0

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)

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