Flair Writing Industries IPO – Review, Allotment, Subscription, GMP & DRHPLast Updated Date: Nov 29, 2023
The Flair Writing Industries IPO provides an opportunity for investors to be part of the growth of a prominent Indian manufacturer of writing instruments.
With plans to raise funds for expansion and market strengthening, the IPO aims to capitalize on the growing demand for high-quality stationery products.
Investors can explore this offering to potentially benefit from Flair Writing Industries’ established brand and market presence in the writing instruments industry.
|Face Value||Rs 5|
|Price Band||Rs 288 to Rs 304|
|Listing At||BSE, NSE|
|Min. Order Quantity||49 Shares|
|Listing Date||December 5, 2023|
|Offer for Sale||Rs 301.00 Crore|
|Fresh Issue||Rs 292.00 Crore|
|IPO Size||Rs 593.00 Crore|
Flair Writing Industries IPO Overview
Flair Writing Industries Ltd, a leading Indian manufacturer of writing instruments, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) for an IPO to raise Rs 593.00 crore.
The company plans to use the proceeds to set up a new manufacturing facility, fund capital expenditure, and expand the distribution network.
The IPO comprises a fresh issue of equity shares worth Rs 292.00 crore and an offer-for-sale (OFS) of equity shares worth Rs 301.00 crore by promoters and promoter group entities.
Flair aims to strengthen its production capabilities and market presence through strategic utilization of the Flair Writing Industries IPO funds. The IPO is expected to open in the coming weeks, providing investors with an opportunity to be part of Flair Writing Industries’ growth journey.
Flair Writing Industries IPO Important Dates
|IPO Opening Date||November 22, 2023|
|IPO Closing Date||November 24, 2023|
|Basis of Allotment Finalization||November 30, 2023|
|Refunds Initiation||December 1, 2023|
|Credit of Shares to Demat Account||December 4, 2023|
|Share Listing Date||December 5, 2023|
The upcoming Initial Public Offering (IPO) of Flair Writing Industries Ltd, a prominent manufacturer of writing instruments in India, is generating considerable anticipation among investors.
While specific dates for the IPO have yet to be announced, market participants are eagerly awaiting the official schedule.
Investors should keep a close eye on announcements from Flair Writing Industries and the regulatory authorities to stay updated on the important dates related to the IPO.
The Flair Writing Industries IPO’s important dates typically include the opening and closing dates of the subscription period, the date of the allotment of shares, and the listing date on the stock exchanges.
Flair Writing Industries IPO Price, Size, Share Offerings
|Price Band||Rs 288 to Rs 304|
|Offer for Sale||Rs 301.00 Crore|
|Fresh Issue||Rs 292.00 Crore|
|IPO Size||Rs 593.00 Crore|
Flair Writing Industries is all set to launch its Initial Public Offering (IPO), with the details of the offer now disclosed. The IPO consists of equity shares with a face value of Rs 5 each, with an aggregate value of up to Rs 7,450.00 million.
The offer comprises two main components: a Fresh Issue and an Offer for Sale. The Fresh Issue of equity shares is aiming to raise funds aggregating up to Rs 3,650.00 million. On the other hand, the Offer for the Sale of Equity Shares, with a total value of Rs 3,800.00 million.
Notably, the Offer for Sale does not provide any proceeds to the company as it involves the sale of existing shares by certain promoters and promoter group entities. the Non-Institutional Portion portion, one-third will be allocated to bidders with an application size between Rs 200,000 to Rs 1,000,000, while the remaining two-thirds will be allocated to bidders with an application size of more than Rs 1,000,000.
As of the date of the Draft Red Herring Prospectus, the company has 93,388,800 Equity Shares outstanding, each with a face value of Rs 5.
The number of Equity Shares outstanding after the IPO will be adjusted based on the final subscription and allotment.
Flair Writing Industries IPO Grey Market Premium
|Date||GMP (Rs.)||Kostak Rate (Rs.)||Subject to Sauda (Rs.)|
|29 Nov 2023||Rs 80||Rs 400||Rs 1500|
|28 Nov 2023||Rs 80||Rs 400||Rs 1500|
|27 Nov 2023||Rs 80||Rs 400||Rs 1500|
|25 Nov 2023||Rs 70||Rs 400||Rs 1500|
|23 Nov 2023||Rs 60||Rs 400||Rs 1500|
|22 Nov 2023||Rs 60||Rs 400||NA|
|21 Nov 2023||Rs 60||Rs 400||NA|
|20 Nov 2023||Rs 65||Rs 400||NA|
|19 Nov 2023||Rs 25||NA||NA|
As of now, there is data available regarding the Grey Market Premium (GMP) for Flair Writing Industries IPO.
The Grey Market Premium is a term used to denote the unofficial market for trading shares of an IPO before its listing on the stock exchange. It represents the difference between the IPO price and the price at which the shares are being traded in the unofficial market.
Since Flair Writing Industries’ IPO is yet to be listed and publicly available for trading, the Flair Writing Industries IPO GMP remains unknown at this stage. The Grey Market activity usually starts after the IPO has been subscribed, and unofficial trading takes place among investors who are speculating on the listing price.
Flair Writing Industries IPO Subscription Status
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day – 22nd Nov||0.56x||2.94x||3.05x||2.31x|
|2nd Day – 23rd Nov||1.43x||10.62x||7.58x||6.47x|
|3rd Day – 24th Nov||1.46x||14.24x||8.57x||7.75x|
|Shares Offered or Net Issue||3,901,316||2,925,987||6,827,302||25,358,551|
The subscription status of Flair Writing Industries IPO is currently unavailable, and there is no data on the level of investor interest.
Investors and market participants eagerly await updates on the subscription numbers, which will provide valuable insights into the demand for IPO shares among various investor categories.
As the Flair Writing Industries IPO Subscription status becomes available, potential investors and analysts will closely monitor the data to assess the IPO’s popularity and potential listing performance.
Flair Writing Industries IPO Allotment Status
The allotment status for Flair Writing Industries IPO is currently unavailable. The registrar is responsible for verifying applications and allocating shares to successful applicants. Investors are advised to check the registrar’s website or the stock exchange platform for updates on allotment status.
Once available, successful applicants can proceed with payment, while those not allotted shares will receive a refund. Specific details of Flair Writing Industries IPO Allotment Status will be released by official sources.
Flair Writing Industries IPO Live Performance
Flair Writing Industries IPO is currently underway, and there is no data available on its live performance yet. The IPO aims to raise funds for expansion and has garnered significant attention in the market. Investors are closely monitoring its progress to gauge investor interest and market sentiment.
Updates on subscription figures will provide insights into its demand. As the subscription period continues, investors are advised to stay informed and carefully assess potential risks and rewards before making investment decisions. Further, Flair Writing Industries IPO Live Performance will be available as the IPO progresses.
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Latest Flair Writing Industries IPO News
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Investors and stakeholders are eagerly awaiting further details, but as of now, there is no concrete news or developments to report.
As soon as new information becomes available, it will be eagerly shared and closely monitored by the market. Stay tuned for any updates on the Credo Brands Marketing IPO as the situation unfolds.
Flair Writing Industries – Company Review
Flair Writing Industries Limited is a publicly incorporated company, officially established on 12 August 2016 and registered at the Registrar of Companies in Mumbai. Classified as a Non-govt company, Flair operates with an authorized share capital of Rs. 301,000,000 and a paid-up capital of Rs. 233,472,000.
The company is engaged in the business of Wholesale on a fee or contract basis, which includes activities such as commission agents, commodity brokers, and auctioneers, who trade on behalf and the account of others. This category also encompasses the activities of self-employed auctioneers as per industry code 74991.
Since its inception, Flair has made significant strides in the writing instruments industry, manufacturing and distributing a diverse range of high-quality stationery products. With a commitment to innovation, sustainability, and customer satisfaction, the company has garnered a loyal customer base both within India and in international markets.
As Flair Writing Industries enters a new phase with its recent Flair Writing Industries IPO, it aims to leverage its established market presence, strong manufacturing capabilities, and efficient distribution network to further consolidate its position as a prominent player in the stationery market.
With a vision to lead the industry and a dedication to excellence, Flair continues to inspire creativity and self-expression through its writing solutions.
Products or Services
Flair Writing Industries offers a diverse range of high-quality writing instruments, including ballpoint pens, gel pens, fountain pens, markers, and mechanical pencils. The company also provides stationery accessories such as erasers and sharpeners. Additionally, Flair offers customized products for corporate clients, making it a trusted choice for various writing needs. With a commitment to innovation and customer satisfaction, Flair’s products inspire creativity and self-expression.
Promoters and Holding
Flair Writing Industries is backed by two prominent promoters, Mr. Khubilal Jugraj Rathod and Mr. Vimalchand Jugraj Rathod. Together, they hold an aggregate of 32,686,080 Equity Shares, constituting 35.00% of the pre-offer issued, subscribed, and paid-up share capital of the company.
Mr. Khubilal Jugraj Rathod serves as the Chairman and Whole-time Director of Flair Writing Industries. Mr Vimalchand Jugraj Rathod holds the position of Managing Director, and his profile information is also available in the same section.
It is confirmed that apart from their involvement with Flair Writing Industries, neither Mr Khubilal Jugraj Rathod nor Mr Vimalchand Jugraj Rathod is engaged in any other ventures.
Is Flair Writing Industries Good for Investment?
Flair Writing Industries has established a strong market presence in the writing instruments industry in India. The company has been operating for several years and has gained a reputation for producing high-quality and reliable stationery products.
Flair’s diverse product portfolio, including ballpoint pens, gel pens, fountain pens, markers, and more, has allowed it to cater to a wide range of customers and market segments. Its products have become popular choices for both students and professionals, contributing to its significant market share.
The company’s commitment to innovation and continuous improvement has helped it maintain a competitive edge. Flair’s focus on meeting consumer needs and providing a seamless writing experience has fostered a loyal customer base.
Additionally, Flair has expanded its distribution network across India, ensuring its products are readily available in various retail outlets.
The writing instruments industry in India is competitive, with several established players vying for market share. Flair Writing Industries faces competition from both domestic and international brands. Some of the well-known competitors in the Indian market include Cello, Reynolds, Parker, Luxor, and Montex, among others.
To stay competitive, Flair needs to continually innovate and differentiate its products from others in the market. Effective marketing and brand positioning are essential to stand out in a crowded market space. Price competitiveness and distribution strength are also crucial factors to maintain and expand its market presence.
Flair Writing Industries Financial Statements
|Amount (in INR & Million)|
|Profit After Tax||1,181.00||551.51||9.89|
As of March 31, 2023, Flair Writing Industries has exhibited positive financial performance across various aspects. The company’s non-current assets have seen notable growth, with property, plant, and equipment increasing to Rs 2,400.90 million. Additionally, the right-of-use asset has shown significant growth, reaching Rs 74.77 million.
Moreover, current assets have also experienced an upward trend, with inventories rising to Rs 2,137.61 million, and investments in financial assets increasing to Rs 55.62 million. Flair’s equity base has expanded, with equity share capital reaching Rs 466.94 million and other equity rising to Rs 3,882.56 million. These developments indicate the company’s overall progress and expansion.
However, variations in liabilities, such as changes in borrowings and lease liabilities, call for a more in-depth analysis to understand their implications fully.
Further examination of the financial statements will allow for a comprehensive assessment of Flair Writing Industries’ financial health and performance.
|Earnings per Equity Share (in Million)|
|Basic & Diluted||12.66||5.91||0.11|
Flair Writing Industries IPO Review
The Flair Writing Industries IPO represents a significant milestone for the company. It aim to expand in the global writing instruments market. With a strong brand and innovative track record, Flair is well-positioned to capitalize on the growing market.
The IPO comprises a fresh issue of Rs 292.00 crore and an offer-for-sale of Rs 301.00 crore by promoters. The funds will be used to set up a new manufacturing facility, fund capital expenditure, and expand the distribution network.
Despite the promising prospects, investors should be aware of the cyclical nature of the writing instruments market and competition from established players. The IPO is anticipated to open in the coming weeks, offering investors an opportunity to invest in a well-established company.
Flair Writing Industries IPO Details
Here are a few more details you need to know before investing in Flair Writing Industries IPO –
Flair Writing Industries IPO Issue Object
So, Flair Writing Industries has proposed diverse objectives for making the IPO offer and some of the objectives are:
- 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 purpose
Flair Writing Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- The 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 exporters of writing and creative instruments in India;
- High-quality manufacturing at a large scale coupled with innovation capabilities;
- Experienced Promoters supported by a professional senior management team; and
- Historical track record of strong financial performance with industry-leading profitability
Quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Flair Writing Industries IPO Lead Managers
Here is the list of Lead managers –
Nuvama Wealth Management Limited
Axis Capital Limited
Flair Writing Industries IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1stFloor, 247 Park
L.B.S. Marg Vikhroli
West Mumbai 400 083 Maharashtra, India
Tel: +91 8108114949
Investor grievance e-mail: firstname.lastname@example.org
Contact person: Ms. Shanti Gopalkrishnan
SEBI registration no.:INR000004058
Flair Writing Industries IPO – Other Details
- Statutory Auditor – Jeswani & Rathore, Chartered Accountants
- Legal Counsel to the Company – S&R Associates
- Bankers to the Company – Citibank and Axis Bank Limited
Flair Writing Industries IPO Verdict by Stock Brokers
The IPO is expected to provide funds for setting up a new manufacturing facility, funding capital expenditure, and expanding the distribution network. Flair’s strong brand, wide product portfolio, and innovative approach position it well. This is to capitalize on the growing market for writing instruments.
The IPO comprises a fresh issue of Rs 292.00 crore and an offer-for-sale of Rs 301.00 crore by promoters and promoter group entities.
However, investors should be cautious about the cyclical nature of the writing instruments market and competition from established players. Overall, the Flair Writing Industries IPO offers an opportunity for investors to participate in a well-established company’s growth journey.
Flair Writing Industries IPO – Conclusion
In conclusion, the Flair Writing Industries IPO offers investors an opportunity to be part of the company’s growth journey in the writing instruments market.
The company’s strong brand, diverse product portfolio, and commitment to innovation have positioned it well. This is to take advantage of the opportunities in the writing instruments industry. However, investors should be mindful of the cyclical nature of the market and competition from other established players in the sector.
While specific dates for the IPO have yet to be announced, investors should closely monitor official announcements for important dates. It’s related to the subscription period and listing.
The IPO comprises a fresh issue of equity shares and an offer-for-sale by promoters and promoter group entities.
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Flair Writing Industries IPO Review FAQs
Check out the FAQs on Flair Writing Industries IPO –
What is the Issue Size of Flair Writing Industries IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Flair Writing Industries IPO?
The price band for this particular IPO ranges between Rs 288 to Rs 304. As far as the face value of the share is concerned, it is Rs.5 per share.
What is the Flair Writing Industries IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 22, 2023, while the closing date is set at November 24, 2023.
What is the Flair Writing Industries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 30, 2023, refund initiation is on December 1, 2023, credit of shares is on December 4, 2023, and share listing date is on December 5, 2023.
What is the Flair Writing Industries IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 5, 2023. The date, when the listing would be done, is stagnant on December 5, 2023.
Who is the Registrar of Flair Writing Industries IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Flair Writing Industries IPO?
Here are the promoters of this IPO – MR. KHUBILAL JUGRAJ RATHOD AND MR.VIMALCHAND JUGRAJ RATHOD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Flair Writing Industries IPO?
They have obtained the GMP of this IPO and it is Rs. 80. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Flair Writing Industries IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Flair Writing Industries Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 1,181.00, 2022 is 551.51, and 2021 is 9.89.
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