The Flair Writing IPO started on November 22, 2023, and ended on November 24, 2023. Shares were allocated on November 30, 2023, and refund processes began on December 1, 2023. On December 4, 2023, the shares were credited to investors demat accounts. Flair Writing was officially listed on the stock exchange on December 5, 2023.
During the IPO, Flair Writing offered shares at a price range of ₹ per share, and the lot size was 49 shares. The total issue size was ₹593.00 crores, with ₹292.00 crores from new shares and ₹301.00 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Flair Writing IPO Subscription Update Video
Flair Writing IPO Subscription Status
The Flair Writing IPO on November 24, 2023 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, the 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 IPO Basic Details
| Company Name | Flair Writing Industries Limited |
| Domain of Company | Writing Instruments Manufacturing Company |
| Flair Writing IPO Open Date | November 22, 2023 |
| Flair Writing IPO Close Date | November 24, 2023 |
| Flair Writing IPO Allotment Date | November 30, 2023 |
| Flair Writing IPO Listing Date | December 5, 2023 |
| Face Value | ₹10 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 |
| Company Promoters | Mr. Khubilal Jugraj Rathod, Mr. Vimalchand Jugraj Rathod, Mr. Rajesh Khubilal Rathod, Mr. Mohit Khubilal Rathod and Mr. Sumit Rathod |
About Flair Writing Industries Limited
Flair, founded in 1976, focuses on creating pens that match the ever-changing market. We’re proud to be certified with ISO 9001:2015 and ISO 14001:2015, following global business and social standards.
We’ve built strong partnerships with leaders in the writing industry and own several brands like Flair, Hauser, Pierre Cardin, Flair Creative, Flair Houseware, and Zoox. In the fiscal year 2023, we sold a whopping 1,303.60 million pens. Out of this, 975.30 million (74.82% of sales) were sold locally, while 328.30 million (25.18% of sales) were exported globally.
Recently, we’ve expanded our horizons by entering the houseware market, crafting items like casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins. This expansion was made possible through our subsidiary, FWEPL.
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Flair Writing IPO FAQs
What is the start and end date of Flair Writing IPO Subscription?
The Flair Writing IPO started on November 22, 2023, and ended on November 24, 2023.
When does Flair Writing IPO Subscription open?
The Flair Writing IPO open on November 22, 2023.
When does Flair Writing IPO Subscription close?
The Flair Writing IPO Close on November 24, 2023.
What is the allotment date of Flair Writing IPO?
The allotment date for Flair Writing IPO is November 30, 2023.
When is the initial refund date of Flair Writing IPO?
The initial Refund date for Flair Writing IPO is December 1, 2023.
When were the shares credited to investors demat accounts for the Flair Writing IPO?
The shares for the Flair Writing IPO were credited to investors demat accounts on December 4, 2023.
When will Flair Writing IPO be listed on the stock market?
Flair Writing IPO stock market will be listed on December 5, 2023 at 10 am.
What was the price range of the Flair Writing IPO shares?
The Flair Writing IPO shares were offered at a price range of ₹288 to ₹304 per share.
What was the lot size for the Flair Writing IPO shares?
The lot size for the Flair Writing IPO shares was 49 shares.
What was the total issue size of the Flair Writing IPO?
The total issue size of the Flair Writing IPO was ₹593.00 crores.
How were the shares allocated among different types of investors for the Flair Writing IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Flair Writing IPO listed?
The Flair Writing IPO was listed on both the NSE and BSE.
What is the Flair Writing IPO Subscription Status?
Flair Writing IPO is subscribed Times.
