The allotment status and listing price of Flair Writing’s IPO BSE, NSE: Today, it is anticipated that Flair Writing Industries’ Initial Public Offer (IPO) allotment status will be completed. The manufacturer of stationery goods has also postponed its IPO by one day. Previous rumors stated the share would go public on exchanges on November 30. It has now, however, been modified to December 1.
Before this, on Friday, the final day of subscriptions, 46.68 people subscribed to the Flair Writing Industries’ first public offering. According to NSE data, 67,28,33,455 shares were bid on for the IPO, whereas 1,44,13,188 shares were offered.
Qualified institutional buyers (QIBs) obtained 115.60 subscriptions to their quota, while non-institutional investors subscribed to their share 33.37 times. The number of subscriptions to the retail individual investor (RII) category was 13.01 times higher. In Flair Writing’s initial public offering (IPO), promoters and promoter group companies made an offer for sale (OFS) of equity shares valued up to Rs 301 crore and a new issue of equity shares totaling up to Rs 292 crore. The price range for the issue was Rs 288–304 per share.
Verify the allotment status on LINK INTIME for Flair Writing IPO.
The public issue’s official registrar is Link Intime India Private Ltd. You may verify the Flair Writingon IPO allotment status on the official website.
Step 1: Use this link, https://linkintime.co.in/mipo/ipoallotment.html, to access LINK INTIME’s official website.
Step 2: To examine the IPO Allotment Status, click any of the five links on the page.
Step 3: From the drop-down menu, choose Flair Writing IPO.
Step 4: Enter one of the following information: PAN, Demat Account, or Application No.
Step 5: Give your application number in step five.
Step 6: Click Submit after completing the captcha.
Step-by-step instructions for Flair Writing IPO Allotment Status on BSE
A detailed explanation of how to check Flair Writing’s allotment status on the Bombay Stock Exchange’s official website is provided below (BSE).
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx, the direct URL, or click on the ‘Status of Issue Application’ on the official BSE website.
Step 2: Choose “Equity” under the “Issue Type” box.
Step 3: Choose “Blue Jet Healthcare” from the drop-down option.
Step 4: Enter information such as your PAN or application number.
Step 5: Select ‘I am not a Robot’ and press the submit button.
In the meantime, anchor investors gave Flair Writing Industries Ltd. Rs 178 crore on Tuesday.
The proceeds from the new offer would be utilized to finance the company’s capital expenditures, the subsidiary Flair Writing Equipments Pvt Ltd (FWEPL), and the establishment of a writing instrument manufacturing facility in Gujarat’s Valsad region.
Flair Composing IPO Specifications
In contrast to the 1,44,13,188 shares on offer, bids for 67,28,33,455 were received for the Flair Writing Industries IPO.
Qualified institutional buyers (QIBs) obtained 115.60 subscriptions to their quota, while non-institutional investors subscribed to their share 33.37 times. The retail individual investor (RII) category received 13.01 times as many subscriptions. In Flair Writing’s initial public offering (IPO), promoters and promoter group companies made an offer for sale (OFS) of equity shares valued up to Rs 301 crore and a new issue of equity shares totaling up to Rs 292 crore.
The money raised from the new issuance will be utilized to finance the company’s capital expenditures, the subsidiary Flair Writing Equipments Pvt Ltd (FWEPL), and the establishment of a writing instrument manufacturing facility in Gujarat’s Valsad region. Additionally, the money raised will be utilized to meet the business’s working capital needs, as well as the needs of its subsidiaries, Flair Cyrosil Industries and FWEPL. Additionally, the funds will be utilized for general company operations and loan repayment.
With a market share of roughly 9% as of March 2023, the company—which owns the almost 45-year-old leading brand “Flair”—is among the top three competitors in the writing instruments sector overall. In addition to producing and selling writing equipment, including pens, calculators, and stationery, it has expanded into producing steel bottles and housewares.
The book-running lead managers for the IPO were Nuvama Wealth Management Ltd (previously Edelweiss Securities Ltd) and Axis Capital Ltd.