31 Mar 2021
Assets480.66
Total Income310.87
Profit After Tax0.99
NET Worth264.65
Reserves and Surplus241.31
Total Borrowing130.31
At a glance
Updated 2026-08-24The shares listed at ₹501.00, a 64.80% move from the issue price. Flair Writing is a Mainboard IPO with an issue size of ₹593.00 crore, proposed for listing on BSE, NSE. The offer opens on 22nd Nov 2023 and closes on 24th Nov 2023. The issue structure includes a fresh issue of ₹292.00 crore and an offer-for-sale component of ₹301.00 crore. The current listing schedule points to 1st Dec 2023.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹593.00 Cr
Fresh issue₹292.00 Cr
Offer for sale₹301.00 Cr
Face value₹5
Price band₹288.00–₹304.00
Allotment29th Nov 2023
Listing1st Dec 2023
Listing performance
Full performance ↗Issue price₹304.00
Listing price₹501.00
Current price—
Listing gain64.80%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹150.00
GMP / upper price49.34%
Est. listing₹454.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens22nd Nov 2023
Closes24th Nov 2023
Allotment29th Nov 2023
Refund30th Nov 2023
Demat30th Nov 2023
Listing1st Dec 2023
Subscription demand
Full bidding ↗Total49.28×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 49 | ₹14,896 |
Company
Incorporated1976
Use of proceeds
| Object | Amount |
|---|---|
| Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (“New Valsad Unit”) | ₹55.99 Cr |
| Funding capital expenditure of our Company and the Subsidiary, FWEPL | ₹39.48 Cr |
| Funding working capital requirements of our Company and the Subsidiaries, FWEPL and FCIPL | ₹47.00 Cr |
| Repayment/pre-payment, in part or full, of certain borrowings availed by the Company and our Subsidiaries, FWEPL and FCIPL | ₹21.00 Cr |
| General corporate purposes | ₹10.30 Cr |
Financials
Full financials ↗31 Mar 2022
Assets557.49
Total Income587.64
Profit After Tax55.15
NET Worth319.86
Reserves and Surplus296.50
Total Borrowing126.33
31 Mar 2023
Assets684.18
Total Income954.29
Profit After Tax118.10
NET Worth437.99
Reserves and Surplus391.29
Total Borrowing115.59
30 Jun 2023
Assets765.04
Total Income248.50
Profit After Tax32.14
NET Worth470.16
Reserves and Surplus423.46
Total Borrowing126.67
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS12.33
Pre-IPO P/E23.36
Post-IPO P/E25.7
Promoter holding pre96.8%
Promoter holding post78.59%
Market cap₹3204.00 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| BRLMs' fees and commissions (including underwriting commission, brokerage and selling commission) | ₹17.49 Cr |
| Selling commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs and brokerage and selling commission and bidding/uploading charges for members of the Syndicate (including their Sub-Syndicate Members), Registered Brokers, RTAs and CDPs(2)(3)(4)(5)(6) | ₹5.38 Cr |
| Fees payable to the Registrar to the Offer | — |
| Fees payable to other parties, including but not limited to Statutory Auditors, industry expert and the Chartered Engineer | ₹0.56 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees | ₹3.75 Cr |
| Printing and stationery expenses | ₹1.28 Cr |
| Advertising and marketing expenses | ₹3.49 Cr |
| Fees payable to legal counsels | ₹3.20 Cr |
| Miscellaneous (comprising fees payable to strategic advisory and additional intermediaries, if any, monitoring agency, chartered accountant(s) and company secretary that may be appointed in the course of Offer) | ₹3.37 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Location
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.