Flair Writing Industries Ltd. IPO

Flair Writing Limited is a leading Indian writing instruments manufacturer and distributor with a strong market presence and extensive product portfolio. The company's flagship brand, Flair, has enjoyed over 45 years of market presence and caters to a broad range of consumers. Flair Writing Limited also manufactures and distributes stationery products, calculators, and houseware products. The company has a strong distribution network and is expanding into the steel bottle market.

RHP
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DRHP
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Open Date

2023-11-22

Close Date

2023-11-24

Company Financials

You can get the following financial statements of Flair Writing Industries Ltd. as of now.

Subscription Details

The details about the Flair Writing Limited IPO is as:

  • The issue size of the IPO is 593 Cr.
  • The price band for Flair Writing Limited IPO is Rs 288 to Rs 304.
  • The shares of Flair Writing Limited IPO will list on 1st December 2023.
  • The latest tentative GMP of Flair Writing Limited IPO is Rs 80.
  • The shares of Flair Writing Limited IPO is subscribed 49.28 Times as of 24th November 2023.

 

Flair Writing Limited IPO Valuation

The approx valuation of Flair Writing Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 304
Existing Shares (Qty) 9.33 Cr
Fresh Issue 292 Cr
Market Cap 3128.32 Cr
EPS (FY23) Rs 12.66
PE Ratio 7.88x
Industry PE 38.53x

 

Flair Writing Limited IPO Issue Size

Flair Writing Limited IPO issue size is 593 Cr

Issue Amount
Fresh Issue 292 Cr
Offer For Sale 301 Cr

 

Flair Writing Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 49 shares and a maximum of 13 lots of 637 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 49 14,896
 Maximum 13 637 1,93,648

 

Flair Writing Limited IPO share offer

The shares of Flair Writing Limited IPO is subscribed 49.28 Times as of 24th November 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 122.02 Times
Non-Institutional Minimum 15% 35.23 Times
Retail Individual Minimum 35% 13.73 Times
Total   49.28 Times

Allotment Details

Find below the dates for Flair Writing Limited IPO:

Schedule Date
Basis of Allotment 28 November 2023
Refunds 29 November 2023
Credit to Demat Account 30 November 2023
IPO Listing Date 1 December 2023

 

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Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 612.79 581.18 289.18 553.78 903.87
Total Expenditure 494.53 487.38 266.58 460.98 732.99
Operating Profit 118.26 93.8 22.6 92.8 170.88
Other Income 5.44 5.33 11.88 10.83 13.53
Interest 19.28 15.69 11 8.68 8.95
Depreciation 18.45 23.45 21.72 23.18 24.2
Exceptional Items 0 0 0 0 0
Profit Before Tax 85.97 60 1.76 71.77 151.25
Provision for Tax 20.96 21.88 1.26 17.89 39.66
Net Profit 65.01 38.12 0.5 53.88 111.6
Adjusted EPS (Rs.) 2.78 1.63 0.02 2.31 1.19

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 23.35 23.35 23.35 23.35 46.69
Total Reserves 198.55 235.52 236.22 290.32 379.28
Borrowings 121.95 114.04 104.22 69.71 34.77
Other N/C liabilities 5.54 18.97 23.6 18.8 17.75
Current liabilities 175.83 146.81 80.04 136.84 155.4
Total Liabilities 525.22 538.7 467.42 539.01 633.9
Assets
Net Block 181.95 195.2 178.29 180.52 200.09
Capital WIP 3.39 0 0 0.09 1.6
Intangible WIP 0 0 0 0 0
Investments 0.1 0.11 0.11 0.11 3.61
Loans & Advances 8.07 5.2 6.78 4 12.9
Other N/C Assets 1.99 1.75 1.76 2 1.68
Current Assets 329.73 336.43 280.47 352.29 414.01
Total Assets 525.22 538.7 467.42 539.01 633.9
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023
Other Income 3.53 5.52
Profit Before Tax 44.54 29.02
Tax 11.19 7.58
Profit After Tax 33.35 21.44
Adjusted EPS (Rs) 3.57 2.03

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 78.59 0
Dec 2023 78.59 0
Sep 2023 78.59 0
Mar 2018 100 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 85.97 60 1.76 71.77 151.25
Adjustment 36.33 38.65 27.22 30.28 31.57
Changes in Assets & Liabilities -69.46 -8.47 41.52 -68.65 -61.58
Tax Paid -17.1 -13.11 -0.14 -10.37 -42.47
Operating Cash Flow 35.74 77.07 70.36 23.03 78.77
Investing Cash Flow -52.03 -21.59 -15.91 -8.03 -46.03
Financing Cash Flow 16.91 -54.09 -57.03 -15.28 -32.42
Net Cash Flow 0.62 1.38 -2.58 -0.28 0.31
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