Flair Writing Industries IPO Price: ₹288 - ₹304
IPO Date Range: Nov 22, 2023 - Nov 24, 2023
Established in 1976, Flair specializes in crafting and producing writing instruments designed for today's ever-evolving market. Holding ISO 9001:2015 and ISO 14001:2015 certifications, FLAIR aligns with global business and social standards, ensuring quality and sustainability in every aspect of its operations.
Flair Writing offers an expansive array of products spanning different price ranges to meet the diverse needs of consumers, encompassing students, professionals, and offices alike. Specializing in the manufacturing and distribution of writing instruments such as pens, stationery, and calculators, Flair Writing boasts a portfolio of distinct brands, including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and the ZOOX.
The company has recently expanded its portfolio to encompass a wide array of household items, encompassing casseroles, bottles, storage containers, serving solutions, cleaning products, baskets, and paper bins. This diversification was facilitated by one of its subsidiaries, FWEPL.
In the Fiscal Year 2023, the company sold a total of 1,303.60 million pens. Of this figure, 975.30 million units, constituting 74.82% of the sales, were sold domestically, while 328.30 million units, amounting to 25.18% of the sales, were exported worldwide.
As of March 31, 2023, the company boasted the largest distributor and dealer network in the writing instruments segment across India, as recognized by CRISIL. Their extensive network comprised about 7,700 distributors and dealers, alongside approximately 315,000 wholesalers and retailers. Furthermore, they held a significant market share of 7.1% in the export of writing and creative instruments for the Financial Year 2023, according to CRISIL's findings.
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | Tuesday, December 5, 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 Cr) |
| Fresh Issue | 9,605,263 shares (aggregating up to ₹292 Cr) |
| Offer For Sale | 9,901,315 shares (aggregating up to ₹301 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 93,388,800 |
| Share holding post issue | 105,395,378 |
Investors have the option to bid for a minimum of 49 shares and in multiples of that quantity. The table below illustrates the minimum and maximum investment limits for both retail investors and HNIs, specified in shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | ₹ 14,896 |
| Retail (Max) | 13 | 637 | ₹ 193,648 |
| S-HNI (Min) | 14 | 686 | ₹ 208,544 |
| S-HNI (Max) | 67 | 3283 | ₹ 998,032 |
| B-HNI (Min) | 68 | 3332 | ₹ 1,012,928 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.
Flair Writing Industries Limited witnessed a remarkable 62.39% surge in revenue, while the profit after tax (PAT) soared by an impressive 114.14% from the financial year ending March 31, 2022, to March 31, 2023.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Assets | 480.66 | 557.49 | 684.18 | 765.04 |
| Revenue | 310.87 | 587.64 | 954.29 | 248.50 |
| Profit After Tax | 0.99 | 55.15 | 118.10 | 32.14 |
| Net Worth | 264.65 | 319.86 | 437.99 | 470.16 |
| Reserves & Surplus | 241.31 | 296.51 | 391.29 | 423.46 |
| Total Borrowings | 130.31 | 126.33 | 115.59 | 126.67 |
| KPI | Values |
|---|---|
| P/E (x) | 24.01 |
| Market Cap (Rs Cr) | 3,204 |
| ROE | 31.24% |
| ROCE | 31.24% |
| Debt / Equity | 0.26 |
| EPS (Rs) | 12.66 |
| RoNW | 31.17% |
The proceeds from the Fresh Issue, calculated as the gross proceeds minus the Company's share of Offer-related expenses ("Net Proceeds"), are intended to be allocated as follows:
Prospectus: Official documents that provide detailed information about the IPO and the company. Flair Writing Industries IPO DRHP and Flair Writing Industries IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Flair Writing Industries Limited" IPO is ₹288 to ₹304 per share.
The "Flair Writing Industries Limited" IPO is expected to be listed on Tuesday, December 5, 2023.
To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.
Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.
