IPO

Flair Writing Industries Limited IPO

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Printing & Stationery

Listed On: Dec 1, 2023 at ₹ 501.0(NSE)

₹ 14896 /49 Shares

Check Allotment

22 Nov, 2023

Open Date

24 Nov, 2023

Close Date

29 Nov, 2023

Allotment Date

01 Dec, 2023

Listing Date
Price Summary

Last Closing

299.00 (-1.64%)

52 Week High

357.00

52 Week Low

194.03

Last Update

19-Dec-2025 3:30 PM
Flair Writing Industries Limited IPO Issue Details
  • Issue Price ₹288-304 per equity share
  • Face Value ₹5 Per Equity Share
  • Issue Price Total ₹593 Cr :
    #Fresh Issue : 9,605,263 shares(aggregating up to ₹292.00 Cr) +
    #OFS : 9,901,315 shares of ₹5(aggregating up to ₹301 Cr)
  • Listing at BSE, NSE
  • List Price 501.0(NSE)
  • Listing Date 2023-12-01
  • Lead Manager Nuvama Wealth Management Limited
    Axis Capital Limited
  • Registrar Link Intime India Private Ltd
Flair Writing Industries Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications: 1,39,333 Approx),
    (Number of S-HNI Applications : 1,422 Approx),
    (Number of B-HNI Applications : 2,844 Approx)
Flair Writing Industries Limited IPO Documents
DRHP
RHP
ANCHOR
Flair Writing Industries Limited IPO Details


The IPO of Flair Writing Industries Limited is priced at ₹288-304 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Nov 22, 2023 and ends on Nov 24, 2023. The allotment for Flair Writing Industries Limited IPO will be finalized on Nov 29, 2023. Flair Writing Industries Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 1, 2023. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Nuvama Wealth Management Limited, Axis Capital Limited.


The Flair Writing Industries Limited IPO sets its price band at 288-304 for each share. A single application for Flair Writing Industries Limited IPO must contain at least 49 shares.

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Flair Writing Industries Limited IPO Subscription Analysis And Details
Retail
13.01x
QIB
115.60x
NII
33.37x
bNII
34.61x
sNII
30.90x
Total
46.98x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 3,901,316 2,925,987
1,950,658    975,329 		6,827,302 14,413,188
Day 1 22-11-23 05:00 PM
0.53 x 2.78
2.23 x   3.88 x 		2.87 x 2.18 x
Day 2 23-11-23 05:00 PM
1.36 x 10.05
8.73 x   12.69 x 		7.16 x 6.12 x
Day 3 24-11-23 05:00 PM
115.60 x 33.37
34.61 x   30.90 x 		13.01 x 46.98 x
Total No of Applications
1,694,065
Subscription on the basis of Applications
12.16
Flair Writing Industries Limited Valuations
Earnings Per Share (EPS) ₹12.66/-
P/E Ratio 24.01
RoNW 31.17%
Net Asset Value (NAV) - As on 31.03.23 ₹46.90
Flair Writing Industries Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 684.18 557.49 480.66
Revenue 954.29 587.64 310.87
Profit After Tax 118.10 55.15 0.99
About Flair Writing Industries Limited Company

Flair is engaged in developing and manufacturing writing instruments that are tailored to today's continuously shifting market. FLAIR is an ISO 9001 : 2015; ISO 14001 : 2015 certified company, adhering to global business & social norms.

FLAIR has established business relationships with some of the leading pioneers in the writing industry. The company owns several brands including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and the ZOOX. In the Financial Year 2023, the company sold a total of 1,303.60 million units of pens, out of which 975.30 million units, which accounts for 74.82% of the sales, were sold domestically while 328.30 million units, accounting for 25.18% of the sales, were exported globally.

Furthermore, the company has recently ventured into manufacturing a diverse range of houseware products such as casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins. This expansion was made possible through one of our subsidiaries, FWEPL.

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Flair Writing Industries Limited - Promoter(s)

Mr. Khubilal Jugraj Rathod

Mr. Vimal Jugraj Rathod

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Flair Writing Industries Limited IPO - Issue Objectives
1

Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (New Valsad Unit)

2

Funding capital expenditure of our Company and our Subsidiary, FWEPL

3

Funding working capital requirements of our Company and our Subsidiaries, FWEPL and FCIPL

4

Repayment/pre-payment, in part or full, of certain borrowings availed by our Company and our Subsidiaries, FWEPL and FCIPL

5

General corporate purposes.

Flair Writing Industries Limited IPO - Anchor Investors

Flair Writing Industries IPO | Anchor investors buy shares worth Rs 178 crore ahead of issue opening.

Marquee names like Theleme India Master Fund, Natixis International Funds, Troo Capital, Winro Commerical, SBI Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, Tata Mutual Fund, Mirae Asset Mutual Fund, ICICI Prudential Life Insurance Company, and Carnelian Structure Shift Fund invested in the company via anchor book.

Flair Writing Industries Limited IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Flair Writing 6.04 24.1 31.2% 954
Linc Limited 5.41 25.9 23.5% 487
Kokuyo Camlin Corporation 5.18 37.0 9.26% 775
Cello World Limited 13.58 55.2 23.2% 1,813