About the Company– Flair Writing
Flair Writing is not just a pen company; it is a creativity catalyst. Known for crafting pens that dance effortlessly on paper, Flair has become a household name for stationery enthusiasts.
Flair Pens is an Indian stationery company that was established in 1976.
Founded by K.J. Rathod, Flair has grown to become one of the leading manufacturers of writing instruments in India.
The company is known for producing a wide range of pens, including ballpoint pens, gel pens, markers, and other stationery items.
Unlocking Tomorrow’s Potential: Flair IPO – “Soar with Innovation This Week!”
- The initial public offering (IPO) of Flair Writing Industries saw a strong buying interest from the investors during the third and final day of the bidding process.
- The stationary products maker’s primary offering was booked 2.18 times on day one and ended second day of the bidding with 6.12 times subscription.
- Flair Writing Industries is raising a total of Rs 593 crore via its initial stake sale in the fixed price band of Rs 288-304 per share in the lot size of 49 equity shares.
- The issue has a fresh share sale component of 292 crore and remaining part is an offer-for-sale (OFS) of up to 99,01,315 shares amounting to Rs 301 crore.
Valuation –
P/E of 27.1 times with a market cap of ₹3,204 crore post issue of equity shares and return on net worth of 31.1 per cent
On the valuation front, we believe that the company is fairly priced, it said with a ‘subscribe’ rating for the issue.
IPO Reservation–
The minimum amount of investment required by retail investors is ₹14,896. The minimum lot size investment for sNII is 14 lots (686 shares), amounting to ₹208,544, and for bNII, it is 68 lots (3,332 shares), amounting to ₹1,012,928.
Funding–
- Flair Writing Industries raised Rs 177.9 crore from anchor investors as the company allocated 58,51,972 equity shares at Rs 304 per share.
- Nuvama Wealth Management and Axis Capital are the lead managers of the Flair Writing Industries IPO, while Link Intime India is the registrar for the issue.
Why Invest in Flair Writing?
- Innovation at the core– Flair has a history of pioneering new concepts in the writing instruments industry. Investing in Flair means aligning with a company that does not just follow trends but sets them.
- Global Presence – With a footprint in multiple countries, Flair has established itself as a global player. Investing in Flair provides exposure to diverse markets and a chance to benefit from the brand’s international success.
- Steady Financial Performance– Flair’s financial track record speaks volumes about its stability and growth potential. Investors seeking a reliable addition to their portfolio can find confidence in Flair’s consistent performance.
- Brand Loyalty- Flair’s products have garnered a loyal customer base. Investing in Flair means tapping into a brand that customers trust and love, a powerful factor in long-term success.
Flair is throwing a big party, and everyone is invited! If you are into stocks or just curious about them, here is your chance to join the fun. Flair’s IPO is like an open invitation to be part of something extraordinary
Do not miss out on the opportunity to add a splash of creativity to your investment portfolio with Flair! It is not just an investment; it is a journey that goes beyond the usual. Let us ink your investment story with Flair!
Visit- https://altiusinvestech.com/ for more details.
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