Flair Writing IPO subscribed 49x on final day

The Flair Writing Industries IPO was subscribed 49.28x on the final day of the IPO till 7:02:00 PM.

CategorySubscription (times)
    bNII (bids above ₹10L)36.53
    sNII (bids below ₹10L)32.61

Flair Writing IPO Details

IPO DateNovember 22, 2023 to November 24, 2023
Listing DateTuesday, December 5, 2023
Face Value₹5 per share
Price Band₹288 to ₹304 per share
Lot Size49 Shares
Total Issue Size19,506,578 shares
(aggregating up to ₹593.00 Cr)
Fresh Issue9,605,263 shares
(aggregating up to ₹292.00 Cr)
Offer for Sale9,901,315 shares of ₹5
(aggregating up to ₹301.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue95,790,115
Share holding post issue105,395,378

About Flair Writing Industries

Flair Writing Industries Limited is an Indian writing instruments manufacturing company based in Mumbai. The company was incorporated in 1976 and is one of the leading pen manufacturers in India.

Flair Writing Industries has a wide range of products, including ball pens, gel pens, fountain pens, roller pens, and metal pens. The company also manufactures stationery products such as mechanical pencils, highlighters, correction pens, markers, gel crayons, and kids’ stationery kits. Flair Writing Industries’ products are sold under the Flair brand, which is one of the most popular pen brands in India.

The company has a strong presence in the Indian market and exports its products to over 60 countries. Flair Writing Industries has a manufacturing plant in Kandivali, Mumbai, and a distribution network of over 5,000 dealers and retailers.

Flair Writing Industries is a leading player in the Indian writing instruments industry. The company is known for its high-quality products, competitive prices, and strong brand recognition. Flair Writing Industries is committed to innovation and is constantly developing new products to meet the evolving needs of its customers.

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