Flair Writing Industries (MAINBOARD)
November 22, 2023 – November 24, 2023
| Price | ₹288 - ₹304 |
| Premium | ₹150 |
|---|---|
| Lot size | 49 |
| Allotment | Nov 29, 2023 |
| Listing | Dec 1, 2023 |
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/
Last Updated as on 24-Nov-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 3901312 | 476036813 | 122.02 |
| HNIs | 2925986 | 103069736 | 35.23 |
| HNIs (10+L) | 1950657 | 71259622 | 36.53 |
| HNIs (2-10L) | 975329 | 31810114 | 32.61 |
| Retail | 6827301 | 93733864 | 13.73 |
| Total | 13654599 | 672840413 | 49.28 |
| Total Application : 1,694,065 (12.16 times) | |||
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹49.8 | @8% ₹56.91 | @9% ₹64.03 | @10% ₹71.14 | @11% ₹78.25 | @12% ₹85.37 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 49 | 14896 | 139333 |
| sHNI | 14 | 686 | 208544 | 1422 |
| bHNI | 68 | 3332 | 1012928 | 2844 |
Incorporated in 1976, 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.
Flair Writing IPO Details
| Issue Size | [.] shares (aggregating up to ₹593.00 Cr) |
| Fresh Issue | [9605263] shares (aggregating up to ₹292.00 Cr) |
| Offer for Sale | [9901316] shares of ₹5 (aggregating up to ₹301.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 93,388,800 |
Company Financials
Flair Writing Industries Limited Financial Information (Restated Consolidated)
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 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 684.18 | 557.49 | 480.66 |
| Revenue | 954.29 | 587.64 | 310.87 |
| Profit | 118.10 | 55.15 | 0.99 |
| Net Worth | 437.99 | 319.86 | 264.65 |
| Reserves | 391.29 | 296.51 | 241.31 |
| Borrowing | 115.59 | 126.33 | 130.31 |
| Amount in ₹ Crore | |||