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Flair Writing Industries Ltd

Printing & Stationery

Offer Period :

22nd to 24th Nov 2023

Flair Writing Industries Ltd IPO Details

IPO Date 22nd to 24th Nov 2023 Minimum Investment ₹14896 / 1 Lots
Listing Date 2023-12-01 Maximum Investment ₹193648 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹593 Crores
Price ₹304 to ₹304 per share Fresh Issue ₹292 Crores
Lot Size 1 Lots (49 Shares) Offer For Sale ₹ [-]
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 95790115 Shares
Issue Type Book Building Shareholding Post Issue 105395378 Shares
IPO Date 22nd to 24th Nov 2023
Listing Date 2023-12-01
Face Value ₹5 per share
Price ₹304 to ₹304 per share
Lot Size 1 Lots (49 Shares)
Listing At BSE, NSE
Total Issue Size ₹593 Crores
Employee Discount ₹0 per share
Issue Type Book Building
Minimum Investment ₹14896 / 1 Lots
Maximum Investment ₹193648 / 13 Lots
Fresh Issue ₹292 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 95790115 Shares
Shareholding Post Issue 105395378 Shares

About Flair Writing Industries Ltd IPO

Founding Head: 2016

Managing Director: Vimalchand Jugraj Rathod

Flair Writing Industries Limited Timeline

Important dates for allocation and IPO listing.

22nd Nov

IPO Opens

24th Nov

IPO Close

29th Nov

Allotment Date

29th Nov

Initiation of Refund

30th Nov

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 62.69 51.1
Public Group 37.31 48.9

Flair Writing Industries Ltd IPO Reservation

QIB Shares Offered 3901316(20%)
NII (HNI) Shares Offered 2925987(15%)
Retail Shares Offered 6827302(35%)
Anchor Investor Shares Offered 5851974(30%)
Total Shares Offered 19506580
Total Shares With Anchor Investor 19506580

Flair Writing Industries Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 49 ₹14896
Retail (Max) 13 637 ₹193648
S HNI (Min) 14 686 ₹208544
S HNI (Max) 67 3283 ₹998032
B HNI (MIN) 68 3332 ₹1012928

Flair Writing Industries Ltd IPO Anchor Investor Details

Bid Date
Shares Offered
Anchor Portion Size

Flair Writing Industries Ltd IPO Registrar

MUFG Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id flairwriting.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Flair Writing Industries Ltd IPO Lead Manager

1. Nuvama Wealth Management Ltd

2. Axis Capital Ltd

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Flair Writing Industries Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹889.17 ₹425.98 ₹313.66
Reserves and Surplus ₹836.47 ₹379.28 ₹290.32
Total Borrowing ₹35.66 ₹96.88 ₹118.38

Flair Writing Industries Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 4118052 476036813 115.6
Non Institutional Investors (NIIs) 3088541 103069736 33.37
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 7206595 93733815 13.01
Total 14413188 672840364 46.68

Strength of Flair Writing Industries Ltd

1. Largest player in the pens writing instruments segment in India.

2. Diversified range of products across various price points catering to a wide spectrum of consumers.

3. Largest pan-India distributor/dealer network and wholesale/retailer network in the writing instruments industry and strong presence in targeted markets abroad

4. Ability to partner with international brands in the writing instruments industry and one of the largest exporter of writing and creativ instruments in India.

5. High quality manufacturing at a large scale coupled with innovation capabilities.

6. Experienced Promoters supported by professional senior management team.

7. Historical track-record of strong financial performance with industry-leading profitability.

Risks Involved

1. The company's success depends on its ability to respond and adapt to consumer needs and maintain an optimal product mix in terms of production volumes and profitability in the writing instruments industry. Any inability to successfully implement the company business plan and growth strategy or effectively manage its growth could lead to a decline in the demand of our products and have a material adverse effect on the company business, operations, prospects or financial results.

2. The company derives a significant portion of the revenue from the sale of the products under the "Flair", "Hauser" and "Pierre Cardin" brands, and any harm to such brands or reputation may adversely affect its business, financial condition, cash flows and results of operations.

3. The company is dependent on its distribution network in India and overseas to sell of the products and any disruption in the distribution network could have a material adverse effect on the company business, operations, prospects or financial results.

4. Any deterioration in the reputation and the consumer awareness of the company brands and products could have a material adverse effect on its business, operations, prospects or financial results.

5. The company's business and operations had been adversely impacted by the COVID-19 pandemic and the future impact on its business, operations and financial performance is uncertain and could continue for an unknown period of time.

6. A slowdown or shutdown in the company manufacturing operations, including due to labour unrest, or any inability to obtain adequate electricity, fuel or water with respect to such operations could have a material adverse effect on its business, operations, prospects or financial results.

7. Its inability to accurately forecast demand for its products and manage the company inventory may have a material adverse effect on its business, operations, prospects or financial results.

8. The company operates in a competitive business environment. Competition from existing players and new entrants in the industry could have a material adverse effect on its business, prospects, operations or financial results.

9. The company expansion into new product categories and an increase in the number of products offered may expose it to new challenges and more risks.

10. Its inability to grow the business in new geographic markets may affect its growth which could have a material adverse effect on the company business, operations, prospects or financial results.

Why should you invest in

-

Flair Writing Industries Ltd Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 1107.83 684.18 557.49
Total Liabilities 1107.83 684.18 557.49
Total Expenses 834.44 796.48 514.19
Total Revenue 
993.25 954.29 587.64
Profit After Tax 118.96 117.15 55.15
EBITDA 205.77 195.14 107.81
Adjusted EBITDA 0 0 0

Flair Writing Industries Limited IPO Contact Details

Flair Writing Industries Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-01 544030 FLAIR
INE00Y201027
₹304 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹304 ₹304
Open ₹503 ₹501
Low ₹452.7 ₹450.9
High ₹514 ₹514.4
Low ₹452.7 ₹450.9

Frequently Asked Questions

What is Flair Writing Industries Ltd IPO?

Answer Field

Flair Writing Industries Ltd IPO is a Mainboard IPO of 1,95,06,580 equity shares of a face value of ₹5 aggregating up to ₹593 Crores. The issue is priced at ₹304 to ₹304 per share. The minimum order quantity is 49 Shares. The IPO opens on November 22, 2023, and closes on November 24, 2023. MUFG Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Flair Writing Industries Ltd IPO will open?

Answer Field

The Flair Writing Industries Ltd IPO opens on November 22, 2023 and closes on November 24, 2023.

What is the lot size of Flair Writing Industries Ltd?

Answer Field

Flair Writing Industries Ltd lot size is 49 shares, and the minimum amount required is ₹14,896.

How to apply for Flair Writing Industries Ltd IPO?

Answer Field

You can apply in Flair Writing Industries Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Flair Writing Industries Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Flair Writing Industries Ltd IPO will be done on November 29, 2023, and the allotted shares will be credited to your demat account by November 30, 2023.

When is Flair Writing Industries Ltd IPO listing date?

Answer Field

The Flair Writing Industries Ltd listing date is December 01, 2023.

Who is the registrar of Flair Writing Industries Ltd IPO?

Answer Field

The registrar of Flair Writing Industries Ltd IPO is MUFG Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Nuvama Wealth Management Ltd,Axis Capital Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Flair Writing Industries Ltd IPO?

Answer Field

The fresh issue size is ₹292 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Flair Writing Industries Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 49 shares and ₹14,896 amount.

How can I approve the UPI mandate request for Flair Writing Industries Ltd IPO?

Answer Field

To apply for Flair Writing Industries Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Flair Writing Industries Ltd?

Answer Field

The price of each Flair Writing Industries Ltd share will be ranging in between ₹304 to ₹304 per share.

What is the cut-off time for the UPI mandate for Flair Writing Industries Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 24, 2023.

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