Flair Writing Industries Limited

Company Profile
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.

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Summary of Financials (All financials in Cr.)

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

Tentative Timeline

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

Objects of the Issue

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

Contact Information

Registered Office 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/

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270
Email flairwriting.ipo@linkintime.co.in
Website https://linkintime.co.in/mipo/ipoallotment.html

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 97.49%
Share Holding Post Issue (Promoters) 79.21%

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