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Flair Writing IPO

Flair Writing Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 14,112 / 49 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    01 Dec 2023

  • Listing Price

    ₹503.00

  • Listing Change

    65.46%

  • Last Traded Price

    ₹262.30

IPO Details

  • Open Date

    22 Nov 2023

  • Close Date

    24 Nov 2023

  • IPO Price Range

    ₹ 288 to ₹ 304

  • IPO Size

    ₹ 593 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    01 Dec 2023

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IPO Timeline

Flair Writing Industries IPO Subscription Status

Last Updated: 29 November 2023 5:10 PM by 5Paisa

Flair Writing Industries Limited IPO is all set to open from 22nd November to 24th November 2023. The company produces writing instruments. The IPO includes a fresh issue of 9,605,263 shares worth ₹292.00 cr and an Offer for Sale (OFS) of 9,901,315 equity shares worth around ₹301.00 cr. The total IPO size is ₹593.00 cr. The share allotment date is 29th November, and the IPO will be listed on 1st December on the stock exchanges. The price band is ₹288 to ₹304 per share and the lot size is 49 shares.    

Nuvama Wealth Management Limited and Axis Capital Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of Flair Writing Industries IPO

●    To fund the set up of a new manufacturing unit in Valsad, Gujarat.
●    For capital expenditure for the company and the subsidiary FWEPL.
●    For capital capital requirement for the company and the subsidiary FWEPL as well as FCIPL.
●    To prepay or repay, full or in part, debt obtained by the company as well as its subsidiaries FWEPL and FCIPL.
●    For general corporate purposes.

Flair Writing Industries Ltd was established in 1976 and is among the top three players in the writing instruments industry. It enjoys a market share of around 9% in the overall writing and creative instruments industry in India as of March 2023. The company grew at a CAGR of 14% against 5.5% of the industry it operates in between FY2017 to FY2023.

Flair manufactures and distributes different types of writing instruments such as pens, stationery products and calculators for a range of clients which includes students, professionals, as well as corporate offices. 

Some of the popular product brands of the company are Flair, Hauser, ZOOX, and Pierre Cardin.

Peer Comparison

●    Linc Limited
●    Kokuyo Camlin Limited
●    Cello World Limited

For More Information:
Flair Writing IPO GMP
Webstory on Flair Writing IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 942.66 577.39 297.98
EBITDA 183.51 97.56 22.99
PAT 118.10 55.15 0.98
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 684.18 557.49 480.66
Share Capital 46.69 23.35 23.35
Total Borrowings 248.95 240.51 219.06
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 96.44 35.04 60.39
Net cash from / (used in) investing activities -73.59 -19.50 -15.78
Net cash flow from / (used in) financing activities -22.33 -15.88 -47.53
Net increase (decrease) in cash and cash equivalents 0.51 -0.33 -2.91


Strengths

1.    The company is among the top three players in the overall writing instruments industry in India.
2.    It has a diversified range of products across various price points catering to a wide spectrum of consumers.
3.    Largest pan-India distributor/dealer network and wholesale/retailer network in the writing instruments industry and strong presence in targeted markets abroad.
4.    It has the ability to partner with international brands in the writing instruments industry and is one of the largest exporters of writing and creative instruments in India.
5.    High-quality manufacturing at a large scale coupled with innovation capabilities.
 

Risks

1.    Changing consumer preferences can impact the business. 
2.    An increase in the cost of or a shortfall in the availability of raw materials from suppliers can impact the business. 
3.    A significant portion of the revenue comes from“Flair”, “Hauser” and “Pierre Cardin” brands.
4.    Faces competition from unorganized and organized players in the Indian writing and creative instruments industry.
5.    Significant working capital requirements. 
 

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FAQs

The minimum lot size of Flair Writing IPO is 49 shares and the investment required is ₹14,112.

The price band of Flair Writing IPO is ₹288 to ₹304.

The Flair Writing Industries IPO is open from 22nd November to 24th November 2023.
 

The size of Flair Writing IPO is around ₹593.00 cr. 

The share allotment date of Flair Writing IPO is 29th of November 2023.

The Flair Writing IPO will be listed on 1st of December 2023.

Nuvama Wealth Management Limited and Axis Capital Limited are the book-running lead managers for Flair Writing IPO.

The proceeds from the issue will be used for:

●    To fund the set up of a new manufacturing unit in Valsad, Gujarat.
●    For capital expenditure for the company and the subsidiary FWEPL.
●    For capital capital requirement for the company and the subsidiary FWEPL as well as FCIPL.
●    To prepay or repay, full or in part, debt obtained by the company as well as its subsidiaries FWEPL and FCIPL.
●    For general corporate purposes.
 

To apply for Flair Writing IPO, follow the steps given below:
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Flair Writing Industries IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.