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Flair Writing IPO

Flair Writing Industries was founded in 2016 and produces and sells writing devices such as calculators, pens, and stationery. It has expanded into the fabrication of steel bottles and houseware items, capitalising on its manufacturing capabilities and current clientele in the writing and creative instruments industry.

328.30 million, or 25.18%, of the 1,303.60 million pens that Flair Writing sold in FY 2023 were exported, while 975.30 million, or 74.82%, were sold domestically. According to CRISIL, the company had the largest 162 distributor/dealer and wholesaler/retailer network in the writing instruments segment in India when compared to other major organised players in the industry like DOMS, Camlin, Linc, and Luxor. This network consisted of roughly 31,5,000 wholesalers/retailers and 7,700 distributors/dealers.
Flair Writing Industries products are sold under its ‘Flair’ brand, its principal brands ‘Hauser’ and ‘Pierre Cardin’ and the company has recently introduced ‘ZOOX’ in India. Flair Writing offered 699 different products as of 31 March 2023.

Flair Writing IPO Details

Signature Global IPO Details
Flair Writing IPO Dates
22 – 24 November 2023
Flair IPO Price
INR 288 – 304 per share
Fresh issue
9,605,263 shares (INR 276.63 – 292 crore)
Offer For Sale
9,901,315 shares (INR 285.16 – 301 crore)
Total IPO Size
19,506,578 shares (INR 561.79 – 593 crore)
Minimum bid (size)
49 shares (INR 14,896)
Face Value
INR 5 per share
Retail Allocation
35%
Listing On
BSE, NSE

Flair Writing Industries Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

Q1 FY 24

Revenue

297.99

577.40

942.66

246.70

Expenses

308.74

514.19

795.49

205.55

Net income

1.18

55.33

117.94

31.37

Margin (%)

0.40

9.58

12.51

12.72

Figures in INR Crore unless specified otherwise

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