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.

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Flair Writing Industries Ltd. IPO Details

Check out the issue details for Flair Writing Industries Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 304

Price Band

₹ 288 - 304

Issue Size

593.00 Cr.

Issue Type

Book Built

Open

2023-11-22

Close

2023-11-24

Listing price

₹ 501

Listing Gain

64.80%

Listing Date

2023-12-01

CMP

₹ 250.3

Current Return

-17.66%

Flair Writing Industries Ltd. News

Flair Writing Industries informs about earnings call transcript18 Aug 2026, 5:35PM Flair Writing Industries informs about newspaper advertisement12 Aug 2026, 11:01AM Flair Writing Industries’ arm to expand stainless steel bottle manufacturing capacity11 Aug 2026, 12:30PM Flair Writing Industries informs about press release11 Aug 2026, 12:22PM Flair Writing Industries informs about newspaper advertisement4 Aug 2026, 2:05PM Flair Writing Industries rises on bagging orders worth Rs 20 crore22 Jun 2026, 3:18PM Flair Writing Industries bags orders worth Rs 20 crore 22 Jun 2026, 2:58PM Flair Writing Industries informs about press release22 Jun 2026, 9:26AM Flair Writing Industries informs about press release12 Jun 2026, 9:27AM Flair Writing Industries commences manufacturing wooden pencils at step-down subsidiary company24 Feb 2026, 11:12AM Flair Writing Industries informs about press release24 Feb 2026, 10:08AM Flair Writing Industries informs about transcript of investor call5 Feb 2026, 4:16PM Flair Writing Industries informs about analyst meet4 Feb 2026, 4:57PM Flair Writing Industries informs about press release30 Jan 2026, 12:21PM Flair Writing Indu. - Quaterly Results30 Jan 2026, 12:00AM Flair Writing Industries informs about certificate6 Jan 2026, 2:51PM Flair Writing Industries submits analyst meet intimation6 Dec 2025, 12:39PM Flair Writing Industries informs about investors meet 12 Nov 2025, 11:53AM Flair Writing Industries informs about certificate7 Oct 2025, 3:15PM Flair Writing Industries informs about audio recording of conference call29 Jul 2025, 5:38PM

Company Financials

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

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

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 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 553.78 903.87 918.66 949.31 1012.97
Total Expenditure 460.98 732.99 742.73 796.75 857.72
Operating Profit 92.8 170.88 175.93 152.56 155.25
Other Income 10.83 13.53 20.02 35.01 40.83
Interest 8.68 8.95 8.17 4 3.35
Depreciation 23.18 24.2 29.34 32.71 34.56
Exceptional Items 0 0 0 0 0
Profit Before Tax 71.77 151.25 158.45 150.86 158.18
Provision for Tax 17.89 39.66 40.29 38.75 40.26
Net Profit 53.88 111.6 118.16 112.11 117.92
Adjusted EPS (Rs.) 2.31 1.19 1.12 1.06 1.12

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 23.35 46.69 52.7 52.7 52.7
Total Reserves 290.32 379.28 836.47 948.56 1049.99
Borrowings 69.71 34.77 28.5 15.84 15.14
Other N/C liabilities 18.8 17.56 34.1 36.4 34.23
Current liabilities 136.84 155.58 121.58 102.42 113.6
Total Liabilities 539.01 633.9 1073.35 1155.92 1265.66
Assets
Net Block 180.52 200.09 250.51 294.19 304.05
Capital WIP 0.09 1.6 20.1 12 34.31
Intangible WIP 0 0 0 0 0
Investments 0.11 3.61 3.61 3.62 3.62
Loans & Advances 4 60.53 145.1 241.64 321.48
Other N/C Assets 2 1.68 2.85 1.88 2.53
Current Assets 352.29 366.39 651.18 602.58 599.68
Total Assets 539.01 633.9 1073.35 1155.92 1265.66
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Other Income 7.97 13.69 8.58 10.6 7.04
Profit Before Tax 36.45 46.9 35.57 39.25 33.56
Tax 9.32 10.43 10.23 10.27 8.8
Profit After Tax 27.13 36.46 25.34 28.98 24.76
Adjusted EPS (Rs) 2.57 3.46 2.4 2.75 2.35

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 78.59 0
Mar 2026 78.59 0
Dec 2025 78.59 0
Sep 2025 78.59 0
Jun 2025 78.59 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 71.77 151.25 158.45 150.86 158.18
Adjustment 30.28 31.57 23.01 7.12 5.48
Changes in Assets & Liabilities -68.65 -61.59 -29.62 -63.6 11.87
Tax Paid -10.37 -42.47 -46 -36.17 -39.56
Operating Cash Flow 23.03 78.77 105.84 58.21 135.97
Investing Cash Flow -8.03 -46.03 -328.08 -28.81 -152.97
Financing Cash Flow -15.28 -32.42 273.56 -27.59 -25.63
Net Cash Flow -0.28 0.31 51.32 1.81 -42.63
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