What you must to know about Flair Writing IPO?
by 5paisa Research Team
17 Nov 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 01-Dec-23
- IPO Price Range ₹288
- Listing Price ₹503
- Listing Change 65.5 %
- Last Traded Price ₹261
- Current Change -14.1 %
Flair Writing IPO Details
- Open Date 22-Nov-23
- Close Date 24-Nov-23
- Lot Size 49
- IPO Size ₹ 593 Cr
- IPO Price Range ₹ 288 to ₹ 304
- Min Investment ₹ 14112
- Listing Exchange BSE, NSE
- Basis of Allotment 29-Nov-23
- Refunds 30-Nov-23
- Credit to Demat Account 30-Nov-23
- Listing Date 01-Dec-23
Flair Writing Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Nov-23 | 0.56 | 2.94 | 3.05 | 2.31 |
| 23-Nov-23 | 1.43 | 10.62 | 7.58 | 6.47 |
| 24-Nov-23 | 122.02 | 35.23 | 13.73 | 49.28 |
Flair Writing IPO Synopsis
Flair Writing Industries Limited IPO is all set to open from 22nd November to 24th November 2023. The company produces writing instruments. The IPO includes a fresh issue of 9,605,263 shares worth ₹292.00 cr and an Offer for Sale (OFS) of 9,901,315 equity shares worth around ₹301.00 cr. The total IPO size is ₹593.00 cr. The share allotment date is 29th November, and the IPO will be listed on 1st December on the stock exchanges. The price band is ₹288 to ₹304 per share and the lot size is 49 shares.
Nuvama Wealth Management Limited and Axis Capital Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Flair Writing Industries IPO
● To fund the set up of a new manufacturing unit in Valsad, Gujarat.
● For capital expenditure for the company and the subsidiary FWEPL.
● For capital capital requirement for the company and the subsidiary FWEPL as well as FCIPL.
● To prepay or repay, full or in part, debt obtained by the company as well as its subsidiaries FWEPL and FCIPL.
● For general corporate purposes.
About Flair Writing Industries
Flair Writing Industries Ltd was established in 1976 and is among the top three players in the writing instruments industry. It enjoys a market share of around 9% in the overall writing and creative instruments industry in India as of March 2023. The company grew at a CAGR of 14% against 5.5% of the industry it operates in between FY2017 to FY2023.
Flair manufactures and distributes different types of writing instruments such as pens, stationery products and calculators for a range of clients which includes students, professionals, as well as corporate offices.
Some of the popular product brands of the company are Flair, Hauser, ZOOX, and Pierre Cardin.
Peer Comparison
● Linc Limited
● Kokuyo Camlin Limited
● Cello World Limited
For More Information:
Flair Writing IPO GMP
Webstory on Flair Writing IPO
Flair Writing Industries Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 942.66 | 577.39 | 297.98 |
| EBITDA | 183.51 | 97.56 | 22.99 |
| PAT | 118.10 | 55.15 | 0.98 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 684.18 | 557.49 | 480.66 |
| Share Capital | 46.69 | 23.35 | 23.35 |
| Total Borrowings | 248.95 | 240.51 | 219.06 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 96.44 | 35.04 | 60.39 |
| Net cash from / (used in) investing activities | -73.59 | -19.50 | -15.78 |
| Net cash flow from / (used in) financing activities | -22.33 | -15.88 | -47.53 |
| Net increase (decrease) in cash and cash equivalents | 0.51 | -0.33 | -2.91 |
Flair Writing IPO Key Points
-
Strengths
1. The company is among the top three players in the overall writing instruments industry in India.
2. It has a diversified range of products across various price points catering to a wide spectrum of consumers.
3. Largest pan-India distributor/dealer network and wholesale/retailer network in the writing instruments industry and strong presence in targeted markets abroad.
4. It has the ability to partner with international brands in the writing instruments industry and is one of the largest exporters of writing and creative instruments in India.
5. High-quality manufacturing at a large scale coupled with innovation capabilities.
-
Risks
1. Changing consumer preferences can impact the business.
2. An increase in the cost of or a shortfall in the availability of raw materials from suppliers can impact the business.
3. A significant portion of the revenue comes from“Flair”, “Hauser” and “Pierre Cardin” brands.
4. Faces competition from unorganized and organized players in the Indian writing and creative instruments industry.
5. Significant working capital requirements.
Flair Writing
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Flair Writing IPO FAQs
What is the minimum lot size and investment required for the Flair Writing Industries IPO?
The minimum lot size of Flair Writing IPO is 49 shares and the investment required is ₹14,112.
What is the price band of Flair Writing IPO?
The price band of Flair Writing IPO is ₹288 to ₹304.
When does the Flair Writing Industries IPO opens and closes?
The Flair Writing Industries IPO is open from 22nd November to 24th November 2023.
What is the size of the Flair Writing Industries IPO?
The size of Flair Writing IPO is around ₹593.00 cr.
What is the allotment date of the Flair Writing Industries IPO?
The share allotment date of Flair Writing IPO is 29th of November 2023.
What is the Flair Writing Industries IPO listing date?
The Flair Writing IPO will be listed on 1st of December 2023.
Who are the book runners for the Flair Writing Industries IPO?
Nuvama Wealth Management Limited and Axis Capital Limited are the book-running lead managers for Flair Writing IPO.
What is the objective of the Flair Writing IPO?
The proceeds from the issue will be used for:
● To fund the set up of a new manufacturing unit in Valsad, Gujarat.
● For capital expenditure for the company and the subsidiary FWEPL.
● For capital capital requirement for the company and the subsidiary FWEPL as well as FCIPL.
● To prepay or repay, full or in part, debt obtained by the company as well as its subsidiaries FWEPL and FCIPL.
● For general corporate purposes.
How to apply for the Flair Writing Industries IPO?
To apply for Flair Writing IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Flair Writing Industries IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Flair Writing Industries IPO
Contact Information
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/
Flair Writing Industries IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Flair Writing Industries IPO Lead Manager
Nuvama Wealth Management Limited
Axis Capital Limited
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