Flair Writing Industries IPO Details

Open Date

22 Nov 2023

24 Nov 2023


₹ 593 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹ 288 to ₹ 304

Close Date

Allotment Date

30 Nov 2023

05 Dec 2023

IPO Details

Flair Writing Industries Ltd was established in 1976 and is among the top three players in the writing instruments industry. It enjoys a market share of around 9% in the overall writing and creative instruments industry in India as of March 2023. The company grew at a CAGR of 14% against 5.5% of the industry it operates in between FY2017 to FY2023. Flair manufactures and distributes different types of writing instruments such as pens, stationery products and calculators for a range of clients which includes students, professionals, as well as corporate offices. 

About the Company

 To fund the set up of a new manufacturing unit in Valsad, Gujarat. ●    For capital expenditure for the company and the subsidiary FWEPL. ●    For capital capital requirement for the company and the subsidiary FWEPL as well as FCIPL. ●    To prepay or repay, full or in part, debt obtained by the company as well as its subsidiaries FWEPL and FCIPL. ●    For general corporate purposes.


The book-running lead managers to the offer are: Nuvama Wealth Management Ltd Axis Capital Ltd

Book Runners

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