Flair Writing IPO GMP: Flair Writing Industries Limited IPO GMP Trend

Flair Writing Industries Limited, a well-established name in the writing instruments industry, is all set to launch its Initial Public Offering (IPO) on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This blog aims to provide a comprehensive overview of Flair Writing IPO’s Grey Market Premium (GMP) and other essential details.

Flair Writing IPO Details

The Flair Writing IPO comes with a total issue size of Rs 593.00 Crores, which includes a fresh issue of Rs 292.00 Crores and an Offer for Sale (OFS) of Rs 301.00 Crores. The face value of each share is Rs 5, and the IPO subscription window is open from November 22 to November 24, 2023. The price range for the IPO is set at Rs 288 to Rs 304 per share, with a lot size of 49 shares or multiples thereof.

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Also Read: Flair Writing Industries Sets IPO Opening Date on November 22 with Price Band of Rs 288-304 per Share

Flair Writing IPO GMP

As of Dec 01, 2023, the Flair Writing IPO GMP stands at ₹150. This implies that investors in the grey market are willing to pay a premium of ₹150 over the expected IPO price. With a price band of ₹304.00, the estimated listing price for Flair Writing IPO is ₹454. This indicates an expected gain of approximately 49.34% for investors who subscribe to the IPO.

Here’s a day-wise trend of Flair Writing IPO GMP: [Last Updated: 01 Dec, 2023; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
30-11-2023₹304.00₹1505600/78400₹454 (49.34%)
29-11-2023₹304.00₹903400/47600₹394 (29.61%)
28-11-2023₹304.00₹833100/43400₹3387 (27.30%)
27-11-2023₹304.00₹853200/44800₹389 (27.96%)
26-11-2023₹304.00₹843100/43400₹388 (27.63%)
25-11-2023₹304.00₹843100/43400₹388 (27.63%)
24-11-2023₹304.00₹803000/42000₹384 (26.32%)
23-11-2023₹304.00₹823100/43400₹386 (26.97%)
22-11-2023₹304.00₹712600/36400₹375 (23.36%)
21-11-2023₹304.00₹602200/30800₹364 (19.74%)
20-11-2023₹304.00₹602200/30800₹364 (19.74%)
19-11-2023₹304.00₹672500/35000₹371 (22.04%)
18-11-2023₹304.00₹672500/35000₹371 (22.04%)
17-11-2023₹304.00₹582200/30800₹362 (19.08%)
16-11-2023₹0₹ (0%)

It’s important to note that IPO GMP can be highly volatile, and investment decisions should not solely rely on it. Consider various factors before making an investment decision.

Also See: Upcoming IPO in India

Understanding Grey Market Premium (GMP)

Grey Market Premium (GMP) refers to the unofficial/unregulated market where IPO shares are traded before their official listing. GMP reflects the potential price at which the IPO shares might trade on the day of listing. A positive GMP indicates that the IPO is likely to list at a premium, while a negative GMP suggests that the IPO might debut at a discount.

About Flair Writing Industries Limited

Flair Writing Industries Limited was established in 1986 and has since become a prominent player in the writing instruments industry. The company offers a diverse range of products catering to a wide consumer base, including students, businessmen, and offices. Flair Writing manufactures and distributes pens, stationery, calculators, and more.

The company operates under several brand names, including “Flair,” “Hauser,” “Pierre Cardin,” and the recently launched “ZOOX.” These brands cover mass-market, premium, mid-range, and high-end writing instruments and stationery. Flair Writing also expanded its product range to include household goods and steel bottles.

Flair IPO

Flair Writing IPO Strengths

  1. Largest player in the pens and writing instruments segment in India.
  2. Diversified range of products across various price points.
  3. Extensive distributor and dealer network across India.
  4. Strong presence in targeted international markets.
  5. Ability to collaborate with international brands.
  6. High-quality manufacturing capabilities with a focus on innovation.

Also Read: What Is a Good P/E Ratio?

Conclusion

The Flair Writing IPO with its impressive Grey Market Premium (GMP) of ₹50 suggests positive investor sentiment. However, it’s crucial to conduct thorough research, assess the company’s fundamentals, and consider your investment goals before participating in the IPO. IPOs can be lucrative, but they also carry risks, so make an informed decision to maximize your investment potential.

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