| Company Name | Flair Writing Industries Limited |
| Open Date | 22-11-2023 |
| Close Date | 24-11-2023 |
| Exchange | BSE, NSE |
| Lot Size | 49 Shares |
| Issue Price | ₹ 288 to ₹ 304 per share |
| Issue Size | 1,95,06,578 equity shares |
| Application Amount | Min. Inv. - Rs. 14,896 (49 shares) Max. Inv. - Rs. 1,93,648 (637 shares) |
| Recommendation | Apply |
Flair Writing Industries Limited was originally carried on as a partnership firm in 1986 and has its registered office in Mumbai, Maharashtra.The company manufactures and distributes writing instruments including pens, stationery products and calculators. Among the top three players in the overall writing instruments industry.The flagship brand “Flair” has enjoyed a market presence of over 45 years.The company have also diversified into manufacturing houseware products and steel bottles. As of 30th June 23, the Company has 5,899 employees on its payroll.
| For the Period Ended | Mar-21 | Mar-22 | Mar-23 | Jun-23 |
| Total Assets | 480.66 | 557.49 | 684.18 | 765.04 |
| Net Assets | 261.60 | 316.98 | 435.23 | 466.60 |
| Total Borrowings | 130.31 | 126.33 | 115.59 | 126.67 |
| Total Revenue | 310.87 | 587.64 | 954.29 | 248.50 |
| Profit After Tax | 0.99 | 55.15 | 118.10 | 32.14 |
| Opening Date | 22/11/2023 |
| Closing Date | 24-11-2023 |
| Basis of Allotment | 29-11-2023 |
| Initiation of Refunds | 30-11-2023 |
| Credit of Shares to Demat | 30-11-2023 |
| Listing Date | 01-12-2023 |
| Setting up a new manufacturing facility for writing instruments |
| Funding capital expenditure and working capital of the company and its subsidiary |
| General corporate purposes |
| Repayment in part or full of certain borrowings |
| Registered Office | Flair Writing Industries Limited- 63 B/C, Government Industrial Estate Charkop, Kandivali West, Mumbai 400 067 |
| Phone | +91 22 4203 0405 |
| investors@flairpens.com | |
| Website | https://flairworld.in/ |
| Flair Writing IPO DRHP |
| Flair Writing IPO RHP |
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| flairwriting.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Share Holding Pre Issue (Promoters) | 97.49% |
| Share Holding Post Issue (Promoters) | 79.21% |