Flair Writing Industries Ltd
Price Range
₹288 - ₹304
Min. Quantity
49
Closes on
24 November 2023
Min. investment
₹14,896/637 Shares
Flair Writing Industries Ltd IPO Timeline
Flair Writing Industries Limited was originally carried on as a Partnership Firm under the name M/s Flair Writing Instruments' pursuant to a Deed of Partnership dated January 6, 1986. The Company converted into a Private Limited Company on August 12, 2016 as Flair Writing Industries Private Limited'. which then converted to a Public Limited Company and its name was changed to Flair Writing Industries Limited' vide fresh Certificate of Incorporation dated May 30, 2018 issued by the RoC, Mumbai. The Company is a leading manufacturer of writing instruments in India with a focus on pens.
| Event | Date |
|---|---|
| Flair Writing Industries Ltd IPO Opening Date | 22 November 2023 |
| Flair Writing Industries Ltd IPO Closing Date | 24 November 2023 |
| Basis of Allotment | 29 November 2023 |
| Initiation of Refunds | 29 November 2023 |
| Credit of Shares to Demat | 30 November 2023 |
| Flair Writing Industries Ltd IPO Listing Date | 1 December 2023 |
Flair Writing Industries Ltd IPO Details
| Flair Writing Industries Ltd IPO Date | 22 November 2023 to 24 November 2023 |
| Flair Writing Industries Ltd IPO Face Value | ₹5 per share |
| Flair Writing Industries Ltd IPO Price | ₹288 to ₹304 per share |
| Flair Writing Industries Ltd IPO Lot Size | 49 |
| Issue Size | Shares of ₹5 (aggregating up to ₹593 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹292 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹301 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 41,18,052 of the Net Offer |
| Retail Shares Offered | Not less than 72,06,595 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 30,88,541 of the Net Offer |
| Company Promoters | Khubilal Jugraj Rathod, Vimalchand Jugraj Rathod, Rajesh Khubilal Rathod |
Flair Writing Industries Ltd IPO Lot Size
The Flair Writing Industries Ltd IPO lot size is 49 shares. A retail-individual investor can apply for up to 13 lots (637 shares or ₹1,93,648).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 49 | ₹14,896 |
| Maximum | 13 | 637 | ₹1,93,648 |
- Strengths
- Risks
- Opportunities
- Largest player in the pens writing instruments segment 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 creativ 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.
Company Financials
Flair Writing Industries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,073.35 | 938.69 | 118.17 |
| 03-2023 | 633.9 | 917.4 | 111.60 |
| 03-2022 | 539.18 | 564.61 | 53.88 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up the new Valsad Unit
- Funding capital expenditure of the company and its subsidiary FWEPL
- Funding working capital requirements of the company and its subsidiary FWEPL & FCIPL
- Repayment/pre-payment in part or full of certain borrowings availed by the company and subsidiary FWEPL and FCIPL
- General Corporare Purposes
Flair Writing Industries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 19.09% |
| Post Issue Share Holding | 15.74% |
Flair Writing Industries Ltd IPO Subscription Status (Bidding Detail)
The Flair Writing Industries Ltd IPO is subscribed 46.68 times on 24 November 2023 05:00:00 PM. The public issue subscribed 13.01 times in the retail category, 115.6 times in the QIB category, and 33.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 115.6 | 33.37 | 13.01 | - | 46.68 |
Flair Writing Industries Ltd IPO Prospectus
Flair Writing Industries Ltd IPO Listing Date
| Listing Date | 1 December 2023 |
| BSE Script | 544030 |
| NSE Symbol | FLAIR |
| Listing In | BSE, NSE |
| ISIN | INE00Y201027 |
| IPO Price | ₹304 |
| Face Value | ₹5 |
Company Contact Information
63 B/C Govt Industrial EstateCharkop Kandivali West,Mumbai-400067
Phone: +91-22 4203 0405
Email: investors@flairpens.com
Website: www.flairworld.in
Flair Writing Industries Ltd IPO Registrar
Flair Writing Industries Ltd IPO Lead Manager(s)
- Nuvama Wealth Management Ltd
- Axis Capital Ltd
FAQ
What is the issue size of Flair Writing Industries Ltd IPO?
I have pre-applied for Flair Writing Industries Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.