Stationery / Writing Instruments FMCG - Listed on 01 December 2023
Flair Writing Industries (Stationery / Writing Instruments FMCG) closed its IPO window in 2023 and listed on NSE and BSE on 01 December 2023 at an upper band issue price of Rs 304, opening at Rs 501 for a listing gain of +64.8% and closing day one at Rs 450.9 (+48.3% on closing basis). The IPO was subscribed 46.67x overall - QIB 115.60x, HNI/NII 33.37x, Retail 12.99x. The total issue size was Rs 593 Cr (Fresh Issue Rs 292 Cr, OFS Rs 301 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Stationery / Writing Instruments FMCG
Flair Writing Industries operates in the Stationery / Writing Instruments FMCG space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Flair Writing Industries issue was offered at an upper price of Rs 304 and raised approximately Rs 593 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 60 | +19.74% |
| Day 2 | Rs 55 | +18.09% |
| Day 3 | Rs 58 | +19.08% |
| Day 4 | Rs 60 | +19.74% |
| Day 5 | Rs 70 | +23.03% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Flair Writing Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Flair Writing Industries IPO listed at +64.8% versus the upper issue price of Rs 304 on 01 December 2023.
Flair Writing Industries IPO was subscribed 46.67x overall. QIB portion was subscribed 115.60x, HNI / NII 33.37x and Retail 12.99x.
IPO GMP started at Rs 60 on Day 1 and moved to Rs 70 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.