Flair Writing Industries IPO subscription is to open on Nov 22, 2023 and will close on Nov 24, 2023, the price band of the Flair Writing Industries IPO is fixed at ₹ ₹ 288 – ₹ 304.
Table of Contents
About Flair Writing Industries
Flair Writing Industries has an extensive range of products across various price points and cater to a broad range of consumers, including students, professionals and offices. Flair Writing Industries manufacture and distribute writing instruments including pens, stationery products and calculators. Leveraging on the manufacturing capabilities, and the existing customer base in the writing and creative instruments business, Flair Writing Industries has also diversified into manufacturing houseware products and steel bottles
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 Industries Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 6,841.83 | 5,574.93 | 4,806.64 |
| Total income | 9,542.91 | 5,876.42 | 3,108.73 |
| Total Expenses | 7,954.93 | 5,141.93 | 3,087.36 |
| Profit After Tax | 1,181.00 | 551.51 | 9.89 |
Flair Writing Industries IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Offer of Shares comprising Up to [.] equity shares aggregating up to Rs.3,010.00 million and Up to [.] equity shares aggregating up to Rs.2,920.00 million (Including Anchor allocation of 58,51,972 equity shares) |
| Issue Open Date | 22-Nov-23 |
| Issue Close Date | 24-Nov-23 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 288 – ₹ 304 |
| Face Value | ₹ 5 |
| Market Lot | 49 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 49 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | FLAIR |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Flair Writing Industries IPO DRHP & RHP
Flair Writing Industries IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 49 | 14,896 |
| Maximum | 13 | 637 | 193,648 |
Flair Writing Industries IPO Lead Managers
- Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited)
- Axis Capital Limited
Flair Writing Industries IPO Registrar
Flair Writing Industries IPO Allotment Date, Listing Date and other Important Dates
| Details | IPO Date |
|---|---|
| Bid / Offer Opens on | 22-Nov-23 |
| Bid / Offer Closes on | 24-Nov-23 |
| Finalisation of Basis of Allotment | 30-Nov-23 |
| Initiation of refunds | 01-Dec-23 |
| Credit of the Equity Shares | 04-Dec-23 |
| Listing Date | 05-Dec-23 |
Company Registered Office
63 B/C, Government Industrial Estate,
Charkop, Kandivali West,
Mumbai 400 067,
Maharashtra, India
Website: www.flairworld.in
Company Promoters
- Mr. Khubilal Jugraj Rathod
- Mr. Vimalchand Jugraj Rathod
- Mr. Rajesh Khubilal Rathod
- Mr. Mohit Khubilal Rathod
- Mr. Sumit Rathod
Flair Writing Industries IPO – FAQS
When Flair Writing Industries IPO will open?
The Flair Writing Industries IPO opens on Nov 22, 2023 and closes on Nov 24, 2023
What is the lot size of Flair Writing Industries IPO?
The Flair Writing Industries IPO lot size is 49 Equity Shares and the minimum order quantity is 49 Equity Shares
Who is the Registrar for Flair Writing Industries IPO?
The Registrar for Flair Writing Industries IPO is Link Intime India Private Limited
How to apply in Flair Writing Industries IPO through UPI?
Check the step by step process here – Click here
How to apply in Flair Writing Industries IPO through Zerodha?
Check the step by step process here – Click here
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