Flair Writing IPO: Date, Review, Price, Best Details 2023

Flair Writing IPO

On November 22, 2023, Flair Writing Industries Ltd., a well-known producer and distributor of calculators, stationery, and writing instruments, is scheduled to make its initial public offering (IPO).

With an IPO price range of 288–304 per share, the company hopes to raise 593 crore. The deadline for IPO subscriptions is November 24, 2023.

Key Details of the Flair Writing IPO

Issue Type: Main-board IPO
Face Value: ₹5 per share
Price Band: ₹288 to ₹304 per share
Minimum Order Quantity: 49 shares
Issue Opens: November 22, 2023
Issue Closes: November 24, 2023
Allotment Finalization: Expected on November 30, 2023
Listing on BSE and NSE: Tentatively on December 5, 202

Flair Writing Industries Limited

An established business with a significant presence in the Indian writing instrument market is Flair Writing Industries Limited. Pens, stationery, and calculators are just a few of the many products that the company produces and sells.

Its product line is also diverse, encompassing steel bottles and housewares. In India, Flair Writing has a substantial distribution network and a well-established brand.

Financial Highlights of Flair Writing Industries Limited

Revenue (FY22): ₹495.30 crore
Profit After Tax (FY22): ₹43.72 crore
Debt-to-Equity Ratio (FY22): 0.43

Strengths of Flair Writing Industries Limited

Strong brand presence in the Indian writing instruments market
Diversified product portfolio
Wide distribution network
Experienced management team

Risks Associated with Flair Writing Industries Limited

Intense competition in the writing instruments market
Dependence on the Indian economy
Fluctuations in raw material prices

Overall Outlook for Flair Writing Industries Limited

Flair Writing Industries Limited is a reputable business with a solid track record of financial success. The corporation boasts a vast distribution network in addition to a varied range of products.

Flair Writing is likely to benefit from the anticipated growth of the Indian writing instrument industry in the upcoming years.

Nonetheless, the business must contend with fierce competition from other well-established firms. Before making an IPO investment, investors should thoroughly weigh the company’s risks and opportunities.