The IPO of pen manufacturing company Flair Writing is going to open on Wednesday (22 November). This IPO will remain open for common investors till Friday (24 November). The issue size of this IPO is Rs 593 crore. Its price band has been fixed from Rs 288 per share to Rs 304 per share.
flare writing ipo details
In this public issue of Rs 593 crore, there is a fresh issue of Rs 292 crore, while there is an OFS of Rs 301 crore. Its lot size has been fixed at 49 shares. The minimum investment amount required for retail investors is ₹14,896.
GMP of Flair Writing
Before the opening of the IPO, there has been a jump in the GMP of Player Writing’s shares. According to Mint report, currently it is running around Rs 60. This shows that the equity shares of Flare Writing are trading Rs 60 higher in the gray market than their issue price of Rs 304.
Considering today’s GMP of Rs 60 and issue price of Rs 304, the estimated listing price of Flare Writing shares could be at Rs 364 per share (Rs 304 + Rs 60). Shares of Flair Writing will be listed on BSE and NSE.
business of flair writing
Flair Writing is a pen manufacturing company. The company is included in the top 3 writing companies of the country. The company’s revenue in the financial year 2022-23 was Rs 915.55 crore. The company has a market share of around 9 percent.
Latest Business News