247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Flair Writing Industries Limited IPO (Flair Writing Industries IPO) Details

Flair Writing Industries Limited is an Paper And Stationery based company, located in Mumbai, Flair Writing Industries Limited IPO size was 593.00 Cr. and was issued at 304.00 per share. The share of Flair Writing Industries Limited were listed at 452.70 per share and are currently trading at 264.30 per share.

  Mumbai
  Paper And Stationery
Type :
Sub Sector : Manufacturing Of Pen And Writing Instruments
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
994.00 Cr.
PAT :
128.56 Cr.

Pricing Report

Issue Price :
304.00
Listing Price :
452.70
Current Market Price :
264.30
Issue Price vs CMP :
39.7 (13.06%)
listing Price vs CMP :
188.4 (41.62%)

Performance Report (CAGR* wise)

CAGR : -11.53
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Flair Writing Industries

Company Information
Flair Writing Industries Limited is the largest player in the pens segment, reporting a revenue of '7,541.8 million in Financial Year 2023 from the pens writing instruments segment in India, according to CRISIL. It ranks among the top three players in the overall writing instruments industry, with a total revenue of '9,155.5 million in FY 2023, and holds a market share of approximately 9% in the overall writing and creative instruments industry in India as of March 31, 2023. CRISIL also reports that the company has experienced faster growth compared to the industry, with a CAGR of around 14% between FY 2017 and 2023, while the industry grew at a CAGR of 5.5%. The company reported the highest operating and net income margins of
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Object of Issue
  • Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (New Valsad Unit
  • Funding capital expenditure of the company and its subsidiary, FWEPL
  • Funding working capital requirements of the company and its subsidiaries, FWEPL and FCIPL
  • Repayment/pre-payment, in part or full, of certain borrowings availed by the company and its Subsidiaries, FWEPL and FCIPL and
  • General corporate purposes
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Detailed Review

Flair Writing Industries MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Dec, 2023
IPO Size :
593.00 Cr.
Market Cap :
3204.00 Cr.   
IPO Subscription :
49.28 X     
PE Multiple :
0.00
Merchant Banker :
Axis Capital Limited
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IPO Registrar:
Link Intime India Private Limited

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Flair Writing Industries

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 Manufacturing Of Pen And Writing Instruments

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  Nani Daman

 Prominent Player In Consumer Ware Houseware Writing Instruments Stationery

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Magnum Ventures Limited

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FAQs

Flair Writing Industries operates in Paper And Stationery and Manufacturing Of Pen And Writing Instruments. The Issue is listed on MainBoard in Dec, 2023. Flair Writing Industries IPO size was 593.00 Cr. with Issue price of 304.00 .

Merchant Banker(s) of Flair Writing Industries IPO: Axis Capital Limited , Nuvama Wealth Management Limited

Flair Writing Industries IPO subscription was 49.28 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Flair Writing Industries IPO listed at a listing price of 452.70 against the offer price of 304.00.

The current market price of Flair Writing Industries is 264.30.

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