✓
Open
22 Nov 2023
✓
Close
24 Nov 2023
3
Allotment
—
✓
Listing
Fri, Dec 1, 2023
Price Band
₹288 to ₹304
Issue Size
1,95,06,578 shares (agg. up to ₹593 Cr)
Lot Size
49 Shares
Listing Date
Fri, Dec 1, 2023
Latest GMP
₹150
Est. Gain
49.34%
✦ AI Insight
GMP Trend
01-12-2023₹150Est. ₹454+49.34%
30-11-2023₹136Est. ₹440+44.74%
29-11-2023₹90Est. ₹394+29.61%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 34.68x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 765.04 | 684.18 | 557.49 | 480.66 |
| Total Income | 248.50 | 954.29 | 587.64 | 310.87 |
| Profit After Tax | 32.14 | 118.10 | 55.15 | 0.99 |
| NET Worth | 470.16 | 437.99 | 319.86 | 264.65 |
| Reserves and Surplus | 423.46 | 391.29 | 296.50 | 241.31 |
| Total Borrowing | 126.67 | 115.59 | 126.33 | 130.31 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (“New Valsad Unit”) | 55.99 |
| 2 | Funding capital expenditure of our Company and the Subsidiary, FWEPL | 39.48 |
| 3 | Funding working capital requirements of our Company and the Subsidiaries, FWEPL and FCIPL | 47.00 |
| 4 | Repayment/pre-payment, in part or full, of certain borrowings availed by the Company and our Subsidiaries, FWEPL and FCIPL | 21.00 |
| 5 | General corporate purposes | 10.30 |
About Flair Writing Industries IPO
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. The company manufactures pens and other products from 11 manufacturing plants located in Valsad, Gujarat; in Naigaon (near Mumbai), Maharashtra; in Daman, Union Territory of Dadra and Nagar Haveli and Daman and Diu; and Dehradun, Uttarakhand. Flair Writing Industries had a retail distributor presence in 2,424 cities, t
Contact Details
Flair Writing Industries Ltd. Address63 B/C, Government Industrial EstateCharkopKandivali (West)Mumbai, Maharashtra, 400067+91 22 4203 0405investors@flairpens.comVisit Website