Flair Writing IPO Listing LIVE updates: Shares list at 65% premium; Check Anil Singhvi's views
Flair Writing IPO Listing News, Flair Writing Share Price NSE BSE: Shares of Flair Writing Industries made a strong on bourses today i.e. December 1. Shares list at a premium of 65.5 per cent at Rs 503 per share on the BSE. On the National Stock Exchange (NSE), the stock listed at Rs 501, up 64.8 per cent over the issue price of Rs 304.
The Initial Public Offer (IPO) of the pen maker received a good response from investors and was subscribed 46.68 times on the last day.
Shares of the Mumbai-based company will be listed on the BSE and NSE during a special session at 10 am. There are chances that the Flair Writing shares will have a strong listing. To know the views of Zee Business Managing Editor Anil Singhvi on this listing, stay tuned to this LIVE BLOG.
Follow Zee Business's LIVE for the latest news updates on Flair Writing Industries Listing:
Flair Writing IPO Listing News, Flair Writing Share Price NSE BSE: Shares of Flair Writing Industries made a strong on bourses today i.e. December 1. Shares list at a premium of 65.5 per cent at Rs 503 per share on the BSE. On the National Stock Exchange (NSE), the stock listed at Rs 501, up 64.8 per cent over the issue price of Rs 304.
The Initial Public Offer (IPO) of the pen maker received a good response from investors and was subscribed 46.68 times on the last day.
Shares of the Mumbai-based company will be listed on the BSE and NSE during a special session at 10 am. There are chances that the Flair Writing shares will have a strong listing. To know the views of Zee Business Managing Editor Anil Singhvi on this listing, stay tuned to this LIVE BLOG.
Follow Zee Business's LIVE for the latest news updates on Flair Writing Industries Listing:
Latest Updates
Flair Writing Industries IPO Listing LIVE: Check stop loss by Anil Singhvi
Zee Business Managing Editor Anil Singhvi advised short-term investors to keep a stop loss at 400.
Flair Writing Industries IPO Listing LIVE: Shares list at Rs 503 on BSE
Shares list at Rs 503 on the BSE. This is at a 65.46 per cent premium against the issue price of Rs 304.
Flair Writing Industries Listing IPO LIVE: Check Anil Singhvi's view
Zee Business Managing Editor Anil Singhvi advised investors for reasonable listing gain and long-term gain.
Flair Writing Industries Listing IPO LIVE: Shares list at 64.80% premium
Shares of Flair Writing Industries made a strong debut on bourses as they list at Rs 503 on the NSE. This is a 64.80 per cent premium against the issue price of Rs 304.
Flair Writing Industries Listing IPO LIVE: Fund utilisation
Proceeds from the fresh issue will be used to set up a manufacturing facility for writing instruments in Valsad district, Gujarat, and to fund the company's capital expenditure and subsidiary Flair Writing Equipments Pvt. Ltd. (FWEPL).
Flair Writing Industries Listing IPO LIVE: Book-running lead managers
Nuvama Wealth Management Ltd (formerly known as Edelweiss Securities Ltd) and Axis Capital Ltd were the book-running lead managers to the IPO.
Flair Writing Industries Listing IPO LIVE: What does the company do?
It manufactures and distributes writing instruments, including pens, stationery products, and calculators, and has also diversified into manufacturing houseware products and steel bottles.
Flair Writing Industries Listing IPO LIVE: Lot size
Flair IPO's lot size is 49 equity shares and in multiples of 49 equity shares thereafter.
Flair Writing Industries Listing IPO LIVE: Among top three players in the overall writing instruments
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.
Flair Writing Industries Listing IPO LIVE: Flair Writing mops Rs 178 crore from anchor investors
Flair Writing Industries Ltd on Tuesday mopped up Rs 178 crore from anchor investors. This would be the fifth listing among mainboard IPOs launched last week.
Flair Writing Industries Listing IPO LIVE: Price band of Rs 288-304 a share
The issue had a price band of Rs 288-304 a share. The IPO received bids for 67,28,33,455 shares against 1,44,13,188 shares on offer, as per NSE data.
Flair Writing Industries Listing IPO LIVE: Fresh issue of equity shares aggregating up to Rs 292 crore
Flair Writing's IPO had a fresh issue of equity shares aggregating up to Rs 292 crore and an Offer for Sale (OFS) of equity shares worth up to Rs 301 crore by promoters and promoter group entities.
Flair Writing Industries Listing IPO LIVE: Quota for QIBs got subscribed 115.60 times
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 Industries IPO Listing LIVE: IPO subscribed 46.68 times
Initial Public Offer (IPO) of pen maker Flair Writing Industries was subscribed 46.68 times on the last day of subscription.