Use app for best experience!
Available for Android Device.

Flair Writing Industries Limited IPO Detail

Flair Writing Industries Limited IPO Detail

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.

Company Promoters

Mr. Khubilal Jugraj Rathod, Mr. Vimalchand Jugraj Rathod, Mr. Rajesh Khubilal Rathod, Mr. Mohit Khubilal Rathod and Mr. Sumit Rathod.

IPO Details

IPO Opening DateNov 22, 2023
IPO Closing DateNov 24, 2023
Issue TypeBook Built Issue IPO
Face Value₹5 per equity share
IPO Price ₹288 - 304 per equity share
Market Lot49 Shares
Min Order Quantity49 Shares
Listing AtBSE, NSE
Issue Size₹593.00 Cr
Fresh Issue₹292.00 Cr
Offer for Sale₹301.00 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.01x 1.16x 0.99x - 0.75x
Day 2 1.43x 10.61x 7.57x - 6.47x
Day 3 122.02x 35.23x 13.73x - 49.28x

IPO Tentative Timetable

The Flair Writing Industries Limited IPO open date is Nov 22, 2023, and the close date is Nov 24, 2023. The issue may list on Dec 01, 2023.

IPO Open DateNov 22, 2023
IPO Close DateNov 24, 2023
Basis of Allotment DateNov 29, 2023
Initiation of RefundsNov 30, 2023
Credit of Shares to Demat AccountNov 30, 2023
IPO Listing DateDec 01, 2023

IPO Lot Size

The Flair Writing Industries Limited IPO market lot size is 49 shares. A retail-individual investor can apply for up to 13 lots (637 shares or ₹193648).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding97.49%
Post Issue Share Holding79.21%

Company Financials:

For the year/period ended (₹ in Cr.)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 480.66 310.87 0.99
31-Mar-22 557.49 587.64 55.15
31-Mar-23 684.18 954.29 118.10
31-Jul-23 765.04 248.50 32.14

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of 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
    1. General corporate purposes.

Flair Writing Industries Limited IPO Registrar:

Link Intime India Private Ltd

Flair Writing Industries Limited IPO Lead Manager(s):

Nuvama Wealth Management Limited Axis Capital Limited

Company Contact Information:

Flair Writing Industries Limited

63 B/C, Government Industrial Estate

Charkop, Kandivali West

Mumbai 400 067