Flair Writing IPO Date, Price band, Lot size and Financial Information

Flair Writing IPO Overview

You are at right place to check all the details regarding Flair Writing IPO. The dates for Flair Writing IPO is announced. The IPO will open on November 22, 2023 and will close on November 24, 2023. The IPO price band is fixed at Rs 288 to Rs 304 Per Share. The company aims to to raise around 593 via this IPO. You can find complete information about Flair Writing IPO in this post.

The lot size for the application is 49 shares and hence minimum amount that you would need for this IPO (by retail investors) is Rs 14896.

About Flair Writing IPO:

Flair Writing Industries Limited was incorporated in 1976, and engaged in developing and manufacturing writing instruments. They are 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.

FLAIR is among the top three players in the overall writing instruments industry with a revenue of ₹9,155.5 million in Financial Year 2023 and occupies a market share of approximately 9% in the overall writing and creative instruments industry in India, as of March 31, 2023, according to CRISIL.

Flair Writing has an extensive range of products across various price points and caters to a broad range of consumers, including students, professionals, and offices. They manufacture and distribute writing instruments including pens, stationery products, and calculators. They have several brands including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and the ZOOX.

Flair Writing sold 1,303.60 million units of pens, of which 975.30 million units, or 74.82% were sold domestically, and 328.30 million units, or 25.18% were exported globally.

Compared with other key organized players in the writing and creative instruments industry such as DOMS, Camlin, Linc, and Luxor, The company had the largest 162 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.

They occupied a market share of 7.1% in the export of writing and creative instruments industry, in the Financial Year 2023, according to CRISIL.

Objects 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

FLAIR Writing IPO Review (Apply or Not?)

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FLair Writing IPO Brokrage House Reviews:

• BP Equities (BP Wealth): Apply
• Choice Equity Broking Pvt Ltd: Apply
• Reliance Securities: Apply
• Ventura Securities Limited: Apply

Flair Writing IPO Date & Price Band Details

Flair Writing IPO Market Lot

The Flair Writing IPO minimum market lot is 49 shares with ₹14,896 application amount. The retail investors can apply up-to 13 lots with 637 shares or ₹193,648.

Flair Writing IPO Allotment & Listing Dates

The Flair Writing IPO date is November 22 and the close date is November 24. The Flair Writing IPO allotment will be finalized on Novermber 30 2023 and the IPO listing on December 05, 2023.

Flair Writing Company Financial Report

Flair Writing IPO Valuation

Below is the financial details of Flair Writing for the year FY2023.

Company Promoters:

• Mr. Khubilal Jugraj Rathod
• Mr.Vimalchand Jugraj Rathod

Competitor Companies:

• Linc Limited
• Kokuyo Camlin Limited

Flair Writing IPO Registrar

Link Intime India Private Limited
Telephone: +91 81 0811 4949
E-mail: flairwriting.ipo@linkintime.co.in
Website: www.linkintime.co.in

Flair Writing IPO Lead Managers

• Nuvama Wealth Management Limited
• Axis Capital Limited

Flair Writing IPO Allotment Status Check

Allotment status of Flair Writing IPO can be checked on Linkintime website : Click here

Company Address of Flair Writing:

Flair Writing Industries Limited
63 B/C, Government Industrial Estate
Charkop, Kandivali West
Mumbai 400 067
Phone: +91 22 4203 0405
Email: investors@flairpens.com
Website: https://flairworld.in

Flair Writing IPO FAQs

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