Flair Writing IPO Subscription Details
The Flair Writing IPO is subscribed 49.28 times on November 24, 2023 7:02:00 PM. The public issue subscribed 13.73 times in the retail category, 122.02 times in the QIB category, and 35.23 times in the NII category.
Flair Writing IPO price band is set at ₹288 to ₹304 per share. The minimum lot size for an application is 49 Shares. The minimum amount of investment required by retail investors is ₹14,896.
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Flair Writing Company Details
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.
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | December 1, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹288 to ₹304 per share |
| Lot Size | 49 Shares |
| Total Issue Size | 19,506,578 shares (aggregating up to ₹593.00 Cr) |
| Fresh Issue | 9,605,263 shares (aggregating up to ₹292.00 Cr) |
| Offer for Sale | 9,901,315 shares of ₹5 (aggregating up to ₹301.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 95,790,115 |
| Share holding post issue | 105,395,378 |
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Wednesday, November 29, 2023 |
| Initiation of Refunds | Thursday, November 30, 2023 |
| Credit of Shares to Demat | Thursday, November 30, 2023 |
| Listing Date | Friday, December 1, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Flair Writing Contact Details
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/
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