Listed Price₹501.00
Listing Gain+64.80%
Price Band₹288 - ₹304
Lot Size49 shares
Min Bid₹14,896
Subscription49.28x
Listed Market Snapshot
₹501.00Listed price from market data
+64.80%listing gain
Issue Amount
₹593 Cr
Listed Price
₹501.00
Current Price
₹279.4
Registrar
Link Intime India Private Limited
Timeline•Book Built Issue IPO
Open22 Nov 2023
Close24 Nov 2023
Allotment29 Nov 2023
Listing01 Dec 2023
Quota Reservation Portions
QIBPortion: 97,53,288 shares
50%Nii (hni)Portion: 29,25,987 shares
15%RetailPortion: 68,27,303 shares
35%Minimum Application Bracket Matrix
Retail0 lots / 49 shares
₹14,896sHNI14 lots / 686 shares
₹2,08,544bHNI68 lots / 3,332 shares
₹10,12,928About the Company
Incorporated in 1976, Flair is engaged in developing and manufacturing writing instruments that meet modern market requirements, and is an ISO 9001:2015 and ISO 14001:2015 certified company. It owns well-known brands like Flair, Hauser, Pierre Cardin, Flair Creative, Flair Houseware and Zoox. In FY23, it sold 1,303.60 million pens, with 74.82% sold in India and 25.18% exported globally. The company has strong business relationships with leading writing industry players and recently expanded into houseware products such as casseroles, bottles, storage containers, and cleaning solutions through its subsidiary FWEPL, adding to its diversified product portfolio and growth opportunities.
Company Promoters
Mr. Khubilal Jugraj RathodMr. Vimalchand Jugraj RathodMr. Rajesh Khubilal RathodMr. Mohit Khubilal RathodMr. Sumit Rathod.
Lead Managers
Registrar
Link Intime India Private Limited