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Flair Writing Industries IPO is a book build issue of ₹593.00 crores. The issue is a combination of fresh issue of 0.96 crore shares aggregating to ₹292.00 crores and offer for sale of 0.99 crore shares aggregating to ₹301.00 crores.
Flair Writing Industries IPO bidding started from Nov 22, 2023 and ended on Nov 24, 2023. The allotment for Flair Writing Industries IPO was finalized on Nov 29, 2023. The shares got listed on BSE, NSE on Dec 1, 2023.
Flair Writing Industries IPO price band is set at ₹304.00 per share . The lot size for an application is 49. The minimum amount of investment required by an retail is ₹14,112 (49 shares). The lot size investment for sNII is 14 lots (686 shares), amounting to ₹2,08,544, and for bNII, it is 68 lots (3,332 shares), amounting to ₹10,12,928.
Nuvama Wealth Management Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Flair Writing Industries IPO RHP for detailed Information.
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | December 1, 2023 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹288 to ₹304 per share |
| Issue Price Final | ₹304 per share |
| Lot Size | 49 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,95,06,578 shares (aggregating up to ₹593.00 Cr) |
| Fresh Issue | 96,05,263 shares (aggregating up to ₹292.00 Cr) |
| Offer for Sale | 99,01,315 shares of ₹5 (aggregating up to ₹301.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 10,53,95,378 shares |
Flair Writing IPO offers total 1,95,06,578 shares. Out of which 97,53,288 (50.00%) allocated to QIB, 39,01,316 (20.00%) allocated to QIB, 29,25,987 (15.00%) allocated to NII, 68,27,303 (35.00%) allocated to RII and 58,51,972 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 97,53,288 (50.00%) | NA |
| − Anchor Investor Shares Offered | 58,51,972 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 39,01,316 (20.00%) | NA |
| NII (HNI) Shares Offered | 29,25,987 (15.00%) | NA |
| − bNII > ₹10L | 19,50,658 (10.00%) | 2,843 |
| − sNII < ₹10L | 9,75,329 (5.00%) | 1,421 |
| Retail Shares Offered | 68,27,303 (35.00%) | 1,39,332 |
| Total Shares Offered | 1,95,06,578 (100.00%) |
Flair Writing Industries IPO raises ₹177.90 crore from anchor investors. Flair Writing Industries IPO Anchor bid date is November 21, 2023. Flair Writing Industries IPO Anchor Investors list
| Bid Date | November 21, 2023 |
| Shares Offered | 58,51,972 |
| Anchor Portion Size (In Cr.) | 177.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 27, 2024 |
Flair Writing Industries IPO opens on November 22, 2023, and closes on November 24, 2023.
| IPO Open Date | Wed, Nov 22, 2023 |
| IPO Close Date | Fri, Nov 24, 2023 |
| Tentative Allotment | Wed, Nov 29, 2023 |
| Initiation of Refunds | Thu, Nov 30, 2023 |
| Credit of Shares to Demat | Thu, Nov 30, 2023 |
| Tentative Listing Date | Fri, Dec 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 24, 2023 |
Investors can bid for a minimum of 49 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹14,896 |
| Retail (Max) | 13 | 637 | ₹1,93,648 |
| S-HNI (Min) | 14 | 686 | ₹2,08,544 |
| S-HNI (Max) | 67 | 3,283 | ₹9,98,032 |
| B-HNI (Min) | 68 | 3,332 | ₹10,12,928 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1976, Flair Writing Industries Limited develops and manufactures writing instruments including a variety of pens (ball pens, fountain pens, gel pens, roller pens, and metal pens). The company owns several brands, including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and ZOOX. The company manufactures and distributes writing instruments including pens, stationery products, and calculators.
The company also offers watercolors, crayons, sketch pens, erasers, wooden pencils, and geometry boxes, fine liners, sharpeners, and scales. Flair offered 727 different products as of June 30, 2023.
The company has also recently entered the household goods sector, including casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins. This expansion was made possible through one of the subsidiaries, FWEPL.
The company manufactures pens and other products from 11 manufacturing plants located in Valsad, Gujarat; in Naigaon (near Mumbai), Maharashtra; in Daman, Union Territory of Dadra and Nagar Haveli and Daman and Diu; and Dehradun, Uttarakhand.
Flair Writing Industries had a retail distributor presence in 2,424 cities, towns, and villages in India, as of June 30, 2023. In addition to traditional sales channels, Flair has modern retail stores and e-commerce platforms. As of June 30, 2023, the company has 54 international sales partners and distribution partners in 77 countries. As of June 30, 2023, the company had 5,899 full-time employees.
Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 765.04 | 684.18 | 557.49 | 480.66 |
| Total Income | 248.50 | 954.29 | 587.64 | 310.87 |
| Profit After Tax | 32.14 | 118.10 | 55.15 | 0.99 |
| Net Worth | 470.16 | 437.99 | 319.86 | 264.65 |
| Reserves and Surplus | 423.46 | 391.29 | 296.50 | 241.31 |
| Total Borrowing | 126.67 | 115.59 | 126.33 | 130.31 |
| Amount in ₹ Crore | ||||
The market capitalization of Flair Writing Industries IPO is ₹3204.00 Cr.
| KPI | Values |
|---|---|
| ROE | 31.17% |
| ROCE | 31.24% |
| Debt/Equity | 0.26 |
| RoNW | 31.17% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] FWIL is one of the leading player in writing instruments and stationery. It has recently diversified into housewares, steel bottles and appliances. It has marked boosted earnings with existing products offering and holds promises for bright prospects with expansion plans afoot. Based on annualized FY24 earnings the issue is fully priced. Investors may park funds for the medium to long-term rewards. Read detail review...
| Listing Date | December 1, 2023 |
| BSE Script Code | 544030 |
| NSE Symbol | FLAIR |
| ISIN | INE00Y201027 |
| Final Issue Price | ₹304 per share |
| BSE Listing Group | B |
Flair Writing Industries Ltd.
63 B/C, Government Industrial Estate
Charkop, Kandivali West
Mumbai 400 067
Mumbai, Maharashtra
Phone: +91 22 4203 0405
Email: investors@flairpens.com
Website: https://flairworld.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: flairwriting.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Flair Writing Industries IPO is a main-board IPO of 1,95,06,578 equity shares of the face value of ₹5 aggregating up to ₹593.00 Crores. The issue is priced at ₹304 per share. The minimum order quantity is 49.
The IPO opens on November 22, 2023, and closes on November 24, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Flair Writing Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Flair Writing Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Flair Writing Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Flair Writing Industries IPO opens on November 22, 2023 and closes on November 24, 2023.
Flair Writing Industries IPO lot size is 49, and the minimum amount required for application is ₹14,896.
You can apply in Flair Writing Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Flair Writing Industries IPO will be done on Wednesday, November 29, 2023, and the allotted shares will be credited to your demat account by Thursday, November 30, 2023. Check the Flair Writing Industries IPO allotment status.
The Flair Writing Industries IPO listing date is on Friday, December 1, 2023.
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