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Thursday, Feb 29, 2024

Flair Writing share price highlights: Share prices unchanged on BSE, NSE

Flair Writing Share Price Highlights: The IPO had opened for subscriptions from November 22 to 24, and the issue was subscribed 46.68 times
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.

Flair Writing Industries, which owns the over 45-year-old flagship brand 'Flair' got its initial public offering (IPO) listed on bourses on Friday, December 1. The IPO had opened for subscriptions from November 22 to 24.

On the last day of the subscription, the issue was subscribed 46.68 times. It had received bids for 67,28,33,455 shares against 1,44,13,188 shares on offer, as per NSE data.
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The quota for qualified institutional buyers (QIBs) got subscribed 115.60 times, while the portion for non institutional investors received 33.37 times subscription. The category for retail individual investors (RIIs) attracted 13.01 times subscription.

Flair Writing's IPO had a fresh issue of equity shares aggregating up to 292 crore and an Offer for Sale (OFS) of equity shares worth up to 301 crore by promoters and promoter group entities.

The issue had a price band of 288-304 a share.

The company, which owns the over 45-year-old flagship brand 'Flair', is among the top three players in the overall writing instruments industry with a market share of about nine per cent as of March 2023.

It manufactures and distributes writing instruments, including pens, stationery products, and calculators, and has also diversified into manufacturing houseware products and steel bottles.

Nuvama Wealth Management Ltd (formerly known as Edelweiss Securities Ltd) and Axis Capital Ltd were the book-running lead managers to the IPO.

Follow all the updates here:
Dec 1, 2023 2:33 PM IST

Flair Writing share price LIVE: Share prices unchanged on BSE, NSE

The shares of Flair Writing continue to remain unchanged at 452.70 a piece on BSE and 452.90 on NSE Nifty.

Dec 1, 2023 1:37 PM IST

Flair Writing Share Price LIVE: Sensex up by 491 points, Nifty at 20,277

The BSE Sensex at 1.29 pm is up by 491 points at 67,480. The NSE Nifty is in green and trading at 20,277.

Dec 1, 2023 12:28 PM IST

Flair Writing Share Price LIVE: Sensex up by 509 points, Nifty at 20,276

The BSE Sensex at 12.25 pm is up by 509 points at 67,497. The NSE Nifty is in green and trading at 20,276

Dec 1, 2023 12:14 PM IST

Flair Writing share price LIVE updates: Shares down by 10% on BSE

Flair Writing share price LIVE updates: Flair Writing shares are trading 10 per cent down at 452.70 a piece on BSE and 452.90 on NSE Nifty

Dec 1, 2023 11:56 AM IST

Flair Writing Share Price LIVE updates: How the company plans to invest the IPO proceeds

Proceeds from the fresh issue will be used for setting up a manufacturing facility for writing instruments at Valsad district in Gujarat, funding the company's capital expenditure and subsidiary Flair Writing Equipments Pvt Ltd (FWEPL).

Dec 1, 2023 11:24 AM IST

Flair Writing Share Price LIVE updates: Company's market valuation at ₹4,771.25 crore in early trade

Shares of pen maker Flair Writing Industries made a stunning debut on Friday, listing with a premium of over 65 per cent against the issue price of 304. The stock made its debut at 503, registering a jump of 65.45 per cent, on the BSE. It further rallied 69 per cent to 514.

At the NSE, it was listed at 501, up 64.80 per cent.

The company's market valuation stood at 4,771.25 crore during the morning trade.

Dec 1, 2023 11:02 AM IST

Flair Writing Share Price LIVE updates: Shares had opened 64.8% higher than issue price

Flair Writing share price had opened at 501 per share, 64.8% higher than the issue price of 304, and on the BSE, Flair Writing shares listed at 503 apiece.

Dec 1, 2023 10:41 AM IST

Flair Writing Share Price LIVE updates: Share trading in red on BSE and NSE

The share price of Flair Writing is currently trading in red on BSE Sensex and NSE. On BSE, the share is trading at 452.70 on BSE and 450.90 on the NSE