Flair Writing Industries Limited IPO

Mainboard

Printing & Stationery

Listed On: Dec 1, 2023 at ₹ 501.0(NSE)

₹ 14896 /49 Shares

Check Allotment

Price Summary

Last Closing

262.70 (-13.59%)

52 Week High

514.40

52 Week Low

246.10

Last Update

22-Nov-2024 3:30 PM

Flair Writing Industries Limited IPO Details

22 Nov, 2023

Open Date

24 Nov, 2023

Close Date

29 Nov, 2023

Allotment Date

01 Dec, 2023

Listing Date

Issue Price

₹288-304 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

501.0(NSE)

Listing Date

2023-12-01

Market Lot

Retail : 49 Shares (₹14,896/-)
S-HNI : 686 Shares (₹2,08,544/-)
B-HNI : 3,332 Shares (₹10,12,928/-)

Lead Manager

Nuvama Wealth Management Limited
Axis Capital Limited

Issue Size

Total ₹593 Cr :
#Fresh Issue : 9,605,263 shares(aggregating up to ₹292.00 Cr) +
#OFS : 9,901,315 shares of ₹5(aggregating up to ₹301 Cr)

Retail Portion

35% (Number of Retail Applications: 1,39,333 Approx),
(Number of S-HNI Applications : 1,422 Approx),
(Number of B-HNI Applications : 2,844 Approx)

Subscription

46.98 times

IPO Docs

DRHP RHP ANCHOR

Flair Writing Industries Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	3,901,316	2,925,987 1,950,658 975,329	6,827,302	14,413,188
Day 1 - 22-11-23 05:00 PM	0.53 x	2.78 2.23 x 3.88 x	2.87 x	2.18 x
Day 2 - 23-11-23 05:00 PM	1.36 x	10.05 8.73 x 12.69 x	7.16 x	6.12 x
Day 3 - 24-11-23 05:00 PM	115.60 x	33.37 34.61 x 30.90 x	13.01 x	46.98 x

Total No. of Applications: 1,694,065 (Approx)

Retail Subscription on the basis of Applications: 12.16 times

Flair Writing Industries Limited Valuations

Earnings Per Share (EPS)

₹12.66/-

P/E Ratio

24.01

RoNW

31.17%

Net Asset Value (NAV) - As on 31.03.23

₹46.90

Flair Writing Industries Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	684.18	557.49	480.66
Revenue	954.29	587.64	310.87
Profit After Tax	118.10	55.15	0.99

About The Company

Flair is engaged in developing and manufacturing writing instruments that are tailored to today's continuously shifting market. FLAIR is an ISO 9001 : 2015; ISO 14001 : 2015 certified company, adhering to global business & social norms.

FLAIR has established business relationships with some of the leading pioneers in the writing industry. The company owns several brands including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and the ZOOX. In the Financial Year 2023, the company sold a total of 1,303.60 million units of pens, out of which 975.30 million units, which accounts for 74.82% of the sales, were sold domestically while 328.30 million units, accounting for 25.18% of the sales, were exported globally.

Furthermore, the company has recently ventured into manufacturing a diverse range of houseware products such as casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins. This expansion was made possible through one of our subsidiaries, FWEPL.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Flair Writing	6.04	24.1	31.2%	954
Linc Limited	5.41	25.9	23.5%	487
Kokuyo Camlin Corporation	5.18	37.0	9.26%	775
Cello World Limited	13.58	55.2	23.2%	1,813

Flair Writing Industries Limited - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Mr. Khubilal Jugraj Rathod
Mr. Vimal Jugraj Rathod

Flair Writing Industries Limited IPO - Issue Objectives

Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (New Valsad Unit)
Funding capital expenditure of our Company and our Subsidiary, FWEPL
Funding working capital requirements of our Company and our Subsidiaries, FWEPL and FCIPL
Repayment/pre-payment, in part or full, of certain borrowings availed by our Company and our Subsidiaries, FWEPL and FCIPL
General corporate purposes.

Flair Writing Industries Limited IPO - Anchor Investors

Flair Writing Industries IPO | Anchor investors buy shares worth Rs 178 crore ahead of issue opening.

Marquee names like Theleme India Master Fund, Natixis International Funds, Troo Capital, Winro Commerical, SBI Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, Tata Mutual Fund, Mirae Asset Mutual Fund, ICICI Prudential Life Insurance Company, and Carnelian Structure Shift Fund invested in the company via anchor book.

Flair Writing Industries Limited IPO - FAQs

Ans. Flair Writing Industries Limited IPO is a Mainboard IPO. The issue is priced at ₹288-304 per equity share. The minimum order quantity is 49 Shares. The IPO opens on Nov 22, 2023, and closes on Nov 24, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Flair Writing Industries Limited IPO opens on Nov 22, 2023 and closes on Nov 24, 2023.

Ans. The size of Flair Writing Industries Limited IPO is Total ₹593 Cr : #Fresh Issue : 9,605,263 shares(aggregating up to ₹292.00 Cr) + #OFS : 9,901,315 shares of ₹5(aggregating up to ₹301 Cr).

Ans. The IPO price band is set between ₹288-304 per equity share.

Ans. To apply for Flair Writing Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Flair Writing Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Flair Writing Industries Limited IPO is Nov 29, 2023.

Ans. The Flair Writing Industries Limited IPO will be listed on Dec 1, 2023.

Ans. Follow the steps to check the allotment status for Flair Writing Industries Limited IPO here.