Flair Writing Industries Limited IPO

Flair Writing Industries Limited IPO

Flair Writing Industries Limited is a leading manufacturer and exporter of writing instruments from India. The company was incorporated in 1976 and is ISO 9001:2015 and ISO 14001:2015 certified. Flair is among the top three players in the writing instruments industry with a market share of about nine per cent.
Here’s some information about Flair Writing Industries Limited:
Sector: Consumer discretionary
Industry: Consumer discretionary products
Sub-industry: Home and office products
Incorporation: August 12, 2016
Address: 63 B/C, Kandivali Co-Op Ind. Estate, Charkop Kandivli West, Mumbai, 400067 India
Website: www.flairpens.com
Authorized share capital: Rs. 301,000,000
Paid up capital: Rs.
Flair’s flagship brand is “Flair”, which was introduced in 1976. The company’s revenue in FY23 was Rs 915 crore.

Flair Writing Industries Limited IPO Timeline

IPO Open Date22 Nov 2023
IPO Close Date24 Nov 2023
Allotment Date29 Nov 2023
IPO Listing Date01 Dec 2023

Flair Writing Industries Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 5 Per Equity Share
IPO PriceRs. 288 to Rs.304 Per Equity Share
Market Lot49 Share
Issue SizeApprox. Rs. 593 Crore.

Flair Writing Industries Limited IPO Lot Size

Minimum149Rs. 14896
Maximum13637Rs. 193648
Small HNI (Minimum)14686Rs. 208544
Big HNI (Minimum)673332Rs. 1012928

Flair Writing Industries Limited IPO Details Allotment Status

Company Financials:

Particular31 March 202331 March 202231 March 2021
Total Assets684.18557.49480.66
Total Revenue248.50587.64310.87
Profit After Tax32.1455.150.99
for accurate figures follow the company financials.

Company Promoters:

The promoters of the company are Mr. Khubilal Jugraj Rathod, Mr. Vimalchand Jugraj Rathod, Mr. Rajesh Khubilal Rathod, Mr. Mohit Khubilal Rathod and Mr. Sumit Rathod.

Purpose of the issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  • 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.

Registrar & Company Details

Company Contact InformationIPO Registrar
Flair Writing Industries Limited

63 B/C, Government Industrial Estate
Charkop, Kandivali West
Mumbai 400 067
Phone: +91 22 4203 0405
Email: investors@flairpens.com
Website: https://flairworld.in/
Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: esaf.ipo@damcapital.in
Website: https://linkintime.co.in/mipo/ipoallotment.html

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