74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Flair Writing Industries IPO (Flair Writing Industries Limited IPO) Detail

Flair Writing Industries IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 593.00 Cr. The company is based in Mumbai and caters to Paper And Stationery sector. Axis Capital , Nuvama Wealth Management are the merchant bankers of Flair Writing Industries IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 14th July 2023.

Flair Writing Industries IPO open date is 22nd November 2023 and close date is 24th November 2023. IPO Allotment Date is 29th November 2023 and Listing date is 1st December 2023.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 593.00 Cr. Avg IPO Size (Sector Based) : ₹ 639.90 cr.
  • Sector: Paper And Stationery IPO so far: 6
  • Merchant Banker: Axis Capital IPO by BRLM so far: 161
  • City: Mumbai IPO so far: 184
  • Revenue (annualised): ₹ 994.00 cr.
            PAT: (annualised): ₹ 128.56 cr. Read Financial Information >>
  • PE Ratio: 0.00x Average Sector PE Ratio: 10.79x

Flair Writing Industries IPO Date

Date of DRHP:
14th July 2023
IPO Open Date:
22nd November 2023
IPO Close Date:
24th November 2023
IPO Allotment Date:
29th November 2023
Initiation of Refund:
30th November 2023
IPO Listing Date:
1st December 2023

Flair Writing IPO Info, Size, Subscription

Flair Writing Industries IPO size is ₹ 593.00 Cr. with IPO price of ₹ 304.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 593.00 Cr.

Issue Price:
₹ 304.00

Market Capitalisation :
₹ 3204.00 Cr.

PE multiple :
0.00

Subscription :
49.28 times

Pre Issue Promoter Holding :
97.49 %

Post Issue Promoter Holding :
79.21 %

Flair Writing Industries IPO Information

Sub Sector : manufacturing of pen and writing instruments
Flair Writing Industries Limited is the largest player in the pens segment, reporting a revenue of '7,541.8 million in Financial Year 2023 from the pens writing instruments segment in India, according to CRISIL. It ranks among the top three players in the overall writing instruments industry, with a total revenue of '9,155.5 million in FY 2023, and holds a market share of approximately 9% in the overall writing and creative instruments industry in India as of March 31, 2023. CRISIL also reports that the company has experienced faster growth compared to the industry, with a CAGR of around 14% between FY 2017 and 2023, while the industry grew at a CAGR of 5.5%. The company reported the highest operating and net income margins of
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Object of Issue (Flair Writing IPO Objectives)

  • Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat
  • Funding capital expenditure of the company and its subsidiary, FWEPL
  • Funding working capital requirements of the company and its subsidiaries, FWEPL and FCIPL
  • Repayment/pre-payment, in part or full, of certain borrowings availed by the company and its Subsidiaries, FWEPL and FCIPL
  • General corporate purposes

Axis Capital Limited is the book-running lead manager of the Flair Writing Industries IPO. Link Intime India Private Limited is the Registrar for Flair Writing Industries IPO.

Flair Writing IPO Registrar (RTA)

Link Intime India Private Limited

Flair Writing Industries IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Flair Writing Industries IPO?

Flair Writing Industries IPO, based in Mumbai, operates in the   Paper And Stationery sector with a focus on manufacturing of pen and writing instruments. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Flair Writing Industries IPO size is ₹ 593.00 Cr. with fresh issue size of ₹ 292.00 Cr. and Offer for sale being ₹ 301.00Cr.

When is Flair Writing IPO allotment?

The IPO allotment date for Flair Writing Industries IPO is expected to be 29th November 2023, after the finalization of basis of allotment. Investors can check Flair Writing Industries IPO allotment status on the registrars website, Link Intime India Private Limited . Flair Writing Industries IPO refund dates are 30th November 2023.

When is Flair Writing Industries IPO listing date?

Flair Writing Industries IPO is expected to be listed on 1st December 2023.

What is the price band for Flair Writing IPO?

The upper price band for the Flair Writing Industries IPO is set at ₹ 304.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Flair Writing Industries IPO Review?

For IPO analysis on Flair Writing Industries IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Flair Writing Industries IPO?

To apply for the Flair Writing Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 24th November 2023. After submission, funds are blocked until the basis of allotment of Flair Writing Industries IPO is finalised.

Who is the merchant banker of Flair Writing IPO?

The merchant banker for Flair Writing Industries IPO is Axis Capital Limited , Nuvama Wealth Management Limited . Axis Capital Limited , Nuvama Wealth Management Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Flair Writing Industries IPO RHP for further details.

Who is the Registrar of Flair Writing Industries IPO?

The registrar for Flair Writing Industries IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Flair Writing Industries IPO through their official website or helpline.

What is the Flair Writing Industries IPO subscription?

Flair Writing Industries IPO was subscribed 49.28 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

Flair Writing Industries IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Flair Writing Industries Financial Review Page

Flair Writing Industries IPO subscription was 49.28 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Flair Writing Industries IPO listed at a listing price of 452.70 against the offer price of 304.00.

The current market price of Flair Writing Industries is 262.75.

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