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
| Particular | Date |
| IPO Open Date | 22 Nov 2023 |
| IPO Close Date | 24 Nov 2023 |
| Allotment Date | 29 Nov 2023 |
| IPO Listing Date | 01 Dec 2023 |
Flair Writing Industries Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 288 to Rs.304 Per Equity Share |
| Market Lot | 49 Share |
| ISIN Code | |
| Listing At | NSE &ANDBSE |
| Issue Size | Approx. Rs. 593 Crore. |
Flair Writing Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 49 | Rs. 14896 |
| Maximum | 13 | 637 | Rs. 193648 |
| Small HNI (Minimum) | 14 | 686 | Rs. 208544 |
| Big HNI (Minimum) | 67 | 3332 | Rs. 1012928 |
Flair Writing Industries Limited IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 684.18 | 557.49 | 480.66 |
| Total Revenue | 248.50 | 587.64 | 310.87 |
| Profit After Tax | 32.14 | 55.15 | 0.99 |
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 Information | IPO 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 |
