22 Nov 2023
24 Nov 2023
₹ 593 Cr
₹ 288 to ₹ 304
30 Nov 2023
05 Dec 2023
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.
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
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