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Flair Writing Industries Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹304
Per Share
GMP
NIL
Grey Market
Est. Listing
₹304
Expected Price
Min. Application
₹29,792
2 lots × 49 shares
IPO Issue Details
Issue Price / Price Band₹304 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size49 Shares per Lot
Total Issue Size1,95,06,578 shares (aggregating up to ₹593.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 22 Nov 2023
Subscription CloseFri, 24 Nov 2023
Anchor AllotmentTue, 21 Nov 2023
Basis of AllotmentWed, 29 Nov 2023
Initiation of RefundsThu, 30 Nov 2023
Credit of Shares to DematThu, 30 Nov 2023
Listing DateFri, 01 Dec 2023
UPI Mandate Deadline2023-11-24
Application & Investment Details
Retail — Min (1 Lots)₹14,896 — 49 shares
Retail — Max (13 Lots)₹193,648 (13 Lots)
HNI — Min (14 Lots)₹2,08,544 — 686 shares
EPS (Pre-IPO)₹12.33
P/E Ratio (Pre-IPO)23.36x
P/E Ratio (Post-IPO)25.7x
Post-IPO Promoter Holding10,53,95,378 shares
Fresh Issue Shares96,05,263 shares (aggregating up to ₹292.00 Cr)
Offer for Sale Shares99,01,315 shares of ₹5 (aggregating up to ₹301.00 Cr)
About Flair Writing Industries Ltd.

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.

Objects of the Issue

Flair Writing Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (New Valsad Unit);
2
Funding capital expenditure of the company and its subsidiary, FWEPL;
3
Funding working capital requirements of the company and its subsidiaries, FWEPL and FCIPL;
4
Repayment/pre-payment, in part or full, of certain borrowings availed by the company and its Subsidiaries, FWEPL and FCIPL; and
5
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding Not Available
Post-IPO Promoter Holding 10,53,95,378 shares
Lock-in Period (30%)December 29, 2023
Lock-in Period (50%)February 27, 2024
Check AllotmentCheck Status →
Flair Writing Industries Ltd. — Live Price LIVE
₹304.00
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Issue ₹304.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹304
GMPNIL
Est. Listing₹304
Lot Size49 shares
Min Amount₹29,792
Listing Date01 Dec 2023
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹304
Listing Date01 Dec 2023
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 19,506,578 100.00% ₹593.00 Cr
* Based on ₹304.00 (upper price band)
Lot Size & Investment Details
Lot Size
49
Shares
Issue Price
₹304.00
Per Share
Min Investment
₹14,896
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 49 ₹14,896
Retail (Max) 13 637 ₹193,648
sNII (Min) 14 686 ₹208,544
bNII (Min) 68 3,332 ₹1,012,928
Company Financials — Restated Consolidated (Amount in Crore)
Particulars30 Jun 202331 Mar 202331 Mar 2022
Revenue from Operations 248.50 954.29 587.64
EBITDA N/A N/A N/A
Profit After Tax (PAT) 32.14 118.10 55.15
Net Worth 470.16 437.99 319.86
Total Assets 765.04 684.18 557.49
Reserves & Surplus 423.46 391.29 296.50
Total Borrowings 126.67 115.59 126.33
Key Ratios & Valuation
Issue Price ₹304
Face Value ₹5 Per Share
P/BV N/A
RoE 31.17%
RoCE 31.24%
RoNW 31.17%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity 0.26
Company Details
Company
Flair Writing Industries Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹5 Per Share
Script Code
N/A
Address
63 B/C, Government Industrial Estate Charkop, Kandivali West Mumbai 400 067 Mumbai, Maharashtra
Book Running Lead Managers
Nuvama Wealth Management Ltd.
Book Running Lead Manager (BRLM)
Axis Capital Ltd.
Book Running Lead Manager (BRLM)