Flair Writing Industries Limited IPO
Flair Writing Industries Limited was a mainboard IPO in the Stationary sector, offered at ₹288–₹304 per share to raise ₹593 crore. The issue was subscribed 46.68× overall (QIBs 115.6×, NIIs 33.37×, retail 13.01×). It listed on 1 Dec 2023 at ₹501 and closed its first day at ₹451, a listing gain of +48.3% versus the ₹304 issue price. It now trades around ₹231 (-24.2% versus the issue price).
Frequently asked questions
- How many times was the Flair Writing Industries Limited IPO subscribed?
- The Flair Writing Industries Limited IPO was subscribed 46.68× overall — 115.6× in the QIB category, 33.37× among non-institutional investors, 13.01× in retail.
- What were the Flair Writing Industries Limited IPO listing gains?
- Flair Writing Industries Limited listed on 1 Dec 2023 at ₹501, closing its first day at ₹451 — a listing gain of +48.3% versus the ₹304 issue price.
- What were the retail allotment odds for the Flair Writing Industries Limited IPO?
- Retail was subscribed 13.01×, so a single-lot application had roughly a 7.7% chance of allotment (about 1 in 13), and allotment was finalised on 27 Nov 2023.
- What was the price band and lot size of the Flair Writing Industries Limited IPO?
- The price band was ₹288–₹304 per share, with a minimum lot of 49 shares (₹14,896 at the upper band).
- Who were the registrar and lead manager for the Flair Writing Industries Limited IPO?
- Link Intime India Private Limited was the registrar, and Axis Capital was the book-running lead manager.