The writing instruments company Flair Writing IPO will be hit the 22 November 2023 and closes on 24 November 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹593 crore through IPO. The company will issue fresh shares of ₹292 crores through this IPO and will issue shares through offer for sale of ₹301 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Flair was established in 1976 with the intention of producing writing instruments with precision. Flair develops and manufactures a wide variety of products that are tailored to today’s continuously shifting market. The company has an extensive range of products across various price points and caters to a broad range of consumers, including students, professionals, and offices. We manufacture and distribute writing instruments including pens, stationery products, and calculators. You can check Flair Writing IPO GMP here.
| Read also: Upcoming IPO List 2023 |
According to CRISIL, The company is also among the top two organized players that have seen faster growth in revenue as compared to the overall writing and creative instrument industry growth rate, i.e., while the industry grew at a compounded annual growth rate of 5.5% between Financial Year 2017 and 2023, we grew at a compounded annual growth rate of approximately 14% during the same period. You can check Flair Writing IPO subscription status here.
The company writing and creative instruments industry such as DOMS, Camlin, Linc, and Luxor, our Company had the largest distributor/dealer network and wholesale/retailer network, in the writing instruments segment in India, according to CRISIL, comprising approximately 7,700 distributors/dealers and approximately 315,000 wholesalers/retailers, as of March 31, 2023. We occupied a market share of 7.1% in the export of writing and creative instruments industry, in the Financial Year 2023, according to CRISIL. You can check Flair Writing’s IPO Allotment status here.
Object Of the Issue :
- 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 (collectively, the “Objects”).
Company Strengths :
- 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
- High-quality manufacturing at a large scale coupled with innovation capabilities.
- Experienced Promoters supported by a professional senior management team.
- Historical track record of strong financial performance with industry-leading profitability.
Flair Writing IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹118.10 Cr ₹304 EQ 12.33 24.65x 31.17 % 31.17 % 31.24 % 0.26 ₹46.90 ₹765.04 Cr ₹3204.00 Cr 97.49 % 79.21 % |
| Team Review : | ✔ Apply For Long Term |
Flair Writing IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 22 November 2023 |
| IPO Close : | 24 November 2023 |
| Face Value : | ₹5 Equity Share |
| Price Band : | ₹288 – ₹304 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹593.00 Cr {19,506,578 Shares} |
| Fresh Issue : | ₹292.00 Cr {9,605,263 Shares} |
| Offer For Sale : | ₹301.00 Cr {9,901,315 Shares} |
Flair Writing IPO Market Lot :
Flair Writing IPO Minimum Market lot is 1 Lot with 49 shares with ₹14,896 Application amount. The retail investors can apply up to 13 lots with 637 Shares or ₹193,648 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 49 | ₹14,896 |
| Retail Maximum : | 13 | 637 | ₹193,648 |
| S-HNI Minimum : | 14 | 686 | ₹208,544 |
| S-HNI Maximum : | 67 | 3283 | ₹998,032 |
| B- HNI Minimum : | 68 | 3332 | ₹1,012,928 |
Flair Writing IPO Reservation :
Flair Writing IPO Total Reservation of 19,506,578 shares is to be bid for the public issue by Flair Writing IPO with 9,753,289 for QIB 2,925,987 for NII 6,827,302 For RII.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 9,753,289 | ₹296.50 |
| NII : | 15% | 2,925,987 | ₹88.95 |
| RII : | 35% | 6,827,302 | ₹207.55 |
| Total : | 100% | 19,506,578 | ₹593.00 |
Flair Writing IPO EPS & RoNW :
The Flair Writing company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹12.66 | 31.17% | ₹46.90 |
| 2022 | ₹5.91 | 18.87% | ₹34.25 |
| 2021 | ₹0.11 | 0.37% | ₹28.34 |
Flair Writing IPO Peer Comparison PE :
The Flair Writing, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Linc Limited | 33.50 |
| 2. | Kokuyo Camlin Limited | 56.82 |
| 3. | Cello World Limited | N/A |
Flair Writing IPO Dates :
Flair Writing IPO Date is 22 November 2023 and closes on 24 November 2023. The allotment will be finalized on 01 December 2023 and the IPO may list on 05 December 2023.
| Anchor Date : | 21 November 2023 |
| Open Date : | 22 November 2023 |
| Close Date : | 24 November 2023 |
| Allotment Date : | 30 November 2023 |
| Refund Date : | 01 December 2023 |
| Share Credit Date : | 04 December 2023 |
| Listing Date : | 05 December 2023 |
Flair Writing IPO Form :
There are two ways to apply in Flair Writing IPO. You can apply for Flair Writing IPO through ASBA available in your bank account. You have to go to your online bank login select Flair Writing IPO in the Invest section and apply through your bank account. Another option is you apply for Flair Writing IPO through IPO form download through NSE and BSE. See the Flair Writing IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Flair Writing Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹954.29 | ₹795.49 | ₹118.10 |
| 2022 | ₹587.64 | ₹514.19 | ₹55.15 |
| 2021 | ₹310.87 | ₹308.74 | ₹0.99 |
Company Promoters :
■ Mr. Khubilal Jugraj Rathod
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Flair Writing IPO Lead Managers :
■ Nuvama Wealth Management Limited
■ Axis Capital Limited
Flair Writing IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083 Maharashtra, India
Tel: +91 810 811 4949
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Flair Writing IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Flair Writing Industries Limited
63 B/C, Government Industrial Estate
Charkop, Kandivali West, Mumbai 400 067
Maharashtra, India
Tel: +91 22 4203 0405
E-mail: [email protected]
Website: www.flairworld.in
Flair Writing IPO FAQs :
What is Flair Writing IPO?
Flair Writing IPO is Mainboard IPO. They are going to raise ₹593.00 Crores via IPO. The issue is priced at ₹288-₹304 per equity share. The IPO is to be listed on NSE, and BSE.
When Flair Writing IPO will open?
The IPO is to open on 22 Nov – 24 Nov for QIB, NII & RII.
What is Flair Writing IPO Size?
Flair Writing’s IPO size is ₹593.00 Crores.
What is the Fresh issue size of Flair Writing IPO?
The Fresh issue size of Flair Writing IPO ₹292.00 Cr.
What is the Offer For Sale size of Flair Writing IPO?
The Offer For Sale size of Flair Writing IPO ₹301.00 Cr.
What is Flair Writing IPO Price Band?
Flair Writing’s IPO Price Band is ₹288-₹304 Per share.
What is Flair Writing IPO Minimum and Maximum Lot Size?
The minimum 49 Shares with ₹14,896 amount while the maximum 637 shares with ₹193,648.
What is Flair Writing IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is Flair Writing IPO Allotment Date?
Flair Writing IPO allotment date is 30 November 2023.
What is Flair Writing IPO Listing Date?
Flair Writing IPO listing date is 05 December 2023. The IPO to list on NSE, BSE.
How to Apply the Flair Writing IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Flair Writing IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Flair Writing IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Flair Writing IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Flair Writing IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Flair Writing IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Flair Writing IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Flair Writing IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Flair Writing IPO GMP: Click Here Flair Writing IPO Subscription: Click Here Flair Writing IPO Allotment: Click Here Flair Writing IPO Listing: Click Here Flair Writing IPO Web Story: Click Here |
All Flair Writing IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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