What is the issue size of Flair Writing Industries IPO?

The issue size of the Flair Writing Industries IPO is Rs 593 cr

What is 'pre-apply' for Flair Writing Industries IPO?

Pre-apply will alow you to apply for the Flair Writing Industries IPO 2 days before the subscription period starts.

If I pre-apply for Flair Writing Industries IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Flair Writing Industries IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Flair Writing Industries IPO order is placed?

We will notify you when your Flair Writing Industries IPO order is placed with the exchange.

What are the open and close dates of the for Flair Writing Industries IPO?

Flair Writing Industries IPO will be open between 22 Nov - 24 Nov, 2023.

What is the lot size and minimum order quantity of the Flair Writing Industries IPO?

Flair Writing Industries Limited IPO lot size is 49 shares.

What are the allotment dates for the Flair Writing Industries IPO?

Flair Writing Industries IPO allotment date is 30 Nov, 2023. For Flair Writing Industries IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Flair Writing Industries IPO?

Flair Writing Industries IPO registrar is Link Intime India Private Ltd. You can check Flair Writing Industries IPO allotment status on the website of the registrar.

Where is the Flair Writing Industries IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Flair Writing Industries IPO

Flair Writing Industries Limited

₹14,112 /49 sharesMinimum Investment

Flair Writing Industries IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹304.00₹501.00₹197.00 (64.80%)
Flair Writing Industries IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
22 Nov ‘23 - 24 Nov ‘23₹14,11249₹288 - ₹304
Issue SizeIPO Doc
593.00CrRHP PDF
Subscription Status As on 24 Nov '23, 5:15 PMQualified Institutional Buyers
115.60x
Non-Institutional Investor
33.37x
Retail Individual Investor
13.01x
Employees
0.00x
Total
46.68x
About Flair Writing IndustriesFlair Writing Industries was incorporated in 2016. Its product lineup includes various types of pens (ball pens, fountain pens, gel pens, roller pens, and metal pens), stationery products (mechanical pencils, highlighters, correction pens, markers, gel crayons, and kids' stationery kits), and calculators.
With a diverse product range spanning various price points, the company caters to a broad consumer base, including students, professionals, and offices. The manufacturing and distribution portfolio encompasses pens, stationery products, calculators, and more. The company has also expanded into the production of houseware products and steel bottles.
The company operates from 11 manufacturing plants situated in Valsad, Gujarat; Naigaon (near Mumbai), Maharashtra; Daman, Union Territory of Dadra and Nagar Haveli and Daman and Diu; and Dehradun, Uttarakhand.;
Parent Organisation
Flair Writing Industries Limited
Founded
2016
Managing Director
Mr. Vimalchand Jugraj Rathod
Strengths & Risks
Flair Writing Industries ranks among the top three contenders in the writing instruments sector, with revenue of Rs.915.55 crore during 2023. The company has a market share of around 9% within the broader landscape of writing and creative instruments in India. Their flagship product, Flair, has been on the market for 45 years. 
Recently, through its subsidiary FWEPL, the company ventured into manufacturing various houseware products, including casseroles, bottles, storage containers, serving solutions, cleaning solutions, and basket and paper bins.
As of March 31, 2023, their product portfolio has an offering of 699 different items.
Flair Writing Industries recorded a revenue of Rs.754.18 crore in the pen writing instruments category in India during the year 2023.
The company recorded a CAGR of around 14% during the same period. In 2022, the company boasted the highest operating and net income margins, reaching 17.8% and 9.6%, respectively, surpassing other key players in the writing instruments sector.
In 2023, Flair Writing Industries achieved substantial sales, with 1,303.60 million units of pens. Of this, 74.82% (975.30 million units) were sold domestically, while 25.18% (328.30 million units) were exported globally. 
Compared to competitors like DOMS, Camlin, Linc, and Luxor, Flair Writing Industries has a large distributor/dealer network and wholesale/retailer network in the Indian writing instruments segment, comprising approximately 7,700 distributors/dealers and around 315,000 wholesalers/retailers as of March 31, 2023.
As of the same date, Flair Writing Industries had established relationships with 54 international distributors, facilitating product distribution and sales in 97 countries and strategically mitigating concentration risk.
From 2021 to 2023, key financial metrics, including revenue from operations, profit after tax, EBITDA (earnings before interest, taxes, depreciation, and amortization), and return on capital employed ratio, exhibited compound annual growth rates of 77.86%, 992.77%, 133.21%, and 200.03%, respectively.
Flair Writing Industries relies heavily on its distribution network in India and overseas for product sales. Any disruption in this network could significantly harm the company's business, operations, prospects, or financial results.
Flair Writing Industries has not finalized any agreements to allocate a portion of the proceeds from the offer, including establishing a new manufacturing facility for writing instruments in District Valsad, Gujarat. The failure to effectively implement future capacity expansion plans could negatively impact the company's business, operations, prospects, or financial results.
There are ongoing legal proceedings involving Flair Writing Industries, its promoters, and directors. Unfavorable determinations in these proceedings may substantially affect the company's reputation, business, operations, prospects, or financial results.
As of March 31, 2023, the company has disclosed contingent liabilities that were not provided for, and if they materialize, they could have a significant adverse impact on the business, financial condition, and results of operations.
Unsecured loans amounting to Rs. 27.84 crore obtained by the company from certain directors and other related parties may be subject to recall at any time.
Flair Writing Industries faces a potential risk as its insurance coverage might not shield the company from all significant hazards. Inadequate coverage could substantially and adversely impact the business, operations, prospects, or financial results.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹288 - 304₹2 Lakh
High Networth Individual₹288 - 304₹2 - 5 Lakh
For Flair Writing Industries IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹304.00	₹501.00	₹197.00 (64.80%)

Bidding Dates	Min. Investment	Lot Size	Price Range
22 Nov ‘23 - 24 Nov ‘23	₹14,112	49	₹288 - ₹304

Issue Size	IPO Doc
593.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹288 - 304	₹2 Lakh
High Networth Individual	₹288 - 304	₹2 - 5 Lakh

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Contact Us
PRODUCTS
StocksFutures & OptionsIPOMutual FundsCreditBill Payments
GROWW
About UsPricingBlogMedia & PressCareersHelp and Support
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww DigestSitemap
ⓒ 2016-2023 Groww. All rights reserved, Built with ♥in India

ABOUT GROWW

Groww is India’s growing financial services platform where users can find their investment solutions pertaining to mutual funds, stocks, US Stocks, ETFs, IPO, and F&Os, to invest their money without hassles.

Groww objectively evaluates stocks and mutual funds and does not advise or recommend any stocks, mutual funds or portfolios. Investors shall invest at their own discretion, will and consent. Groww, at any time, does not guarantee fixed returns on the capital invested.

Groww helps investors -

· By providing 100% paperless online free Demat and trading account opening

· By providing an objective evaluation of products available on the platform

· By being transparent about fees and charges involved while investing in a product

· By offering decision-making assistance by providing technical analysis with advanced charts, well-designed line & candlestick charts that indicate share price movements, and market indices, along with more details about all registered and listed companies

SECURE TRANSACTIONS ON GROWW

All transactions on Groww are safe and secure. Users can invest through SIP or Lumpsum using Netbanking through all supported banks. It uses BSE Star MF (with Member code 11724) as transaction platform.

TRADE AND INVEST SECURELY WITH GROWW

Stocks, Mutual fund investments, F&Os, etc., are very popular with individual investors because of their numerous benefits. On Groww, an investor can -

- Invest in Nifty 50 (NSE) & Sensex (BSE) listed stocks

- Diversify across multiple stocks and other instruments

- Start SIP with any amount (as low as Rs. 500)

- Switch regular funds to direct funds

- Start automated monthly investments (SIP), and benefit from many more features

All type of mutual funds are available on Groww.

INVESTING IN MUTUAL FUND PORTFOLIOS

Portfolio is collection of mutual funds designed to meet your investment goals. Investing in mutual fund portfolios helps you in diversifying your investments and reduces the risk. Portfolios also help you in assigning an investment goals and make it easy for you to save for and achieve your goals. You can create a portfolio yourself or ask an expert to build it for you.

ATTENTION INVESTORS

1. For Stock Broking Transaction 'Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors.

2. For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors.

3. KYC is a one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

4. If you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account.

· Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

· Awareness regarding guidelines on Margin collection

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Issued in the interest of Investors

DISCLAIMER

NextBillion Technology Private Limited (CIN: U65100KA2016PTC092879) is a member of NSE & BSE with SEBI Registration no: INZ000301838, Depository Participant of CDSL Depository with SEBI Registration no: IN-DP-417-2019 and Mutual Fund distributor with AMFI Registration No: ARN-111686. Registered office and Correspondence office - No.11, 2nd floor, 80 FT Road, 4th Block, S.T Bed, Koramangala, Bengaluru – 560034. For any grievances related to Stock Broking/DP, please write to [email protected] , please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.

NextBillion Technology Private Limited makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Unless otherwise specified, all returns, expense ratio, NAV, etc are historical and for illustrative purposes only. Future will vary greatly and depends on personal and market circumstances. The information provided by our blog is educational only and is not investment or tax advice.

Mutual fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance of the schemes is neither an indicator nor a guarantee of future performance.

Terms and conditions of the website/app are applicable. Privacy policy of the website is applicable.