Flair Writing Industries Limited IPO is set to launch on 22 November, 2023. The company initiated its business operations in 1976. It is involved in the manufacturing of tailored writing products for daily use. The company is well known from its brand name FLAIR and has a global presence. It has various brands like FLAIR, Pierre Cardin, HAUSER, FLAIR HOUSEWARE, FLAIR CREATIVE and ZOOX. The company records more than 25% of its sales through exports. It is also involved in the manufacturing of houseware products like bottles, casseroles, serving solutions, storage containers, baskets, cleaning solutions, paper bins etc. This is done through its subsidiary firm FWEPL.
Flair Writing Industries Limited IPO DETAILS
Flair Writing Industries Limited IPO is set to launch on 22 November, 2023. The subscription timeline extends till 24 November, 2023. The size for the IPO is 593 Crore Rs. Shares issued through fresh issue mode are worth Rs 292 Crore Rs. Shares issued through offer for sale mode are worth Rs 301 Crore. The lot size is 49 shares and the price is 288 Rs to 304 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs.5 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of Flair Writing Industries Limited IPO
| IPO OPENING DATE | 22 November, 2023 |
| CLOSING DATE FOR IPO | 24 November, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 5 Rs. per share |
| IPO price band | 288 Rs. to 304 Rs. per share |
| LOT SIZE | 49 shares |
| MINIMUM ORDER QUANTITY | 49 shares |
| ISSUE SIZE | 593 Crore Rs. |
| OFFER FOR SALE | 301 Crore Rs. |
| FRESH ISSUE | 292 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 5 December, 2023 |
Flair Writing Industries Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 22 November, 2023 |
| CLOSING DATE FOR IPO | 24 November, 2023 |
| IPO ALLOTMENT DATE | 30 November, 2023 |
| REFUNDS | 1 December, 2023 |
| DEMAT A/C CREDITED ON | 4 December, 2023 |
| IPO LISTING DATE | 5 December, 2023 |
Flair Writing Industries Limited IPO begins for subscription from 22 November, 2023. The IPO subscription would continue till 24 November, 2023. The allotment status for the shareholders who applied would come on 30 November, 2023. The refunds for the ones who did not get allotment would be initiated on 1 December, 2023. The DEMAT accounts of shareholders would be credited on 4 December, 2023. The listing of the company would be completed on 5 December, 2023.
Flair Writing Industries Limited IPO : Lead Managers
The lead managers are :
- Axis Capital Limited
- Nuvama Wealth Management Limited
The minimum lot size for the company is decided at 49 shares. This holding accounts to 14896 Rs.. The maximum lot size is decided at 637 shares. This amounts to 193648 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 49 shares | 14896 Rs. |
| Maximum | 637 shares | 193648 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The funding from the IPO will be used into FWEPL and FCIPL which are the subsidiaries of the company.
- The IPO money will be used for setting up the manufacturing facility in Valsad.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 480 | 557 | 684 |
| Revenue | 310 | 587 | 954 |
| PAT | 0.99 | 55 | 118 |
Flair Writing Industries Limited had an asset base of 480 Crore Rs in the year 2021. This increased to 557 Crore Rs in the year 2022 and 684 Crore Rs in the year 2023. The revenue of the firm was 310 Crore Rs in 2021 which increased to 587 Crore Rs in 2022 and 954 Crore Rs in the year 2023. The profit of the form was 0.99 Crore Rs in the year 2021 which increased to 55 Crore Rs in 2022 and 118 Crore Rs in 2023.
PROS
- The company is well known from its brand name FLAIR and has a global presence. It has various brands like FLAIR, Pierre Cardin, HAUSER, FLAIR HOUSEWARE, FLAIR CREATIVE and ZOOX.
- The company records more than 25% of its sales through exports.
- It is also involved in the manufacturing of houseware products like bottles, casseroles, serving solutions, storage containers, baskets, cleaning solutions, paper bins etc. This is done through its subsidiary firm FWEPL.
CONS
- The company works in a highly competitive segment.
Flair Writing Industries Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Flair Writing Industries Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
