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IPO-Synopsis
Flair Writing Industries Ltd
  • Registered Office: 63 B/C Govt Industrial Estate,Charkop Kandivali West, Mumbai - 400067, Maharashtra, India. Phone : +91-22 4203 0405   Fax:
  • Email : investors@flairpens.com
  • Website :www.flairworld.in
Initial public offering of 19,506,578^ equity shares of face value of Rs. 5 each ("Equity Shares") of Flair Writing Industries Limited (the "Company" or the "Issuer") for cash at a price of Rs. 304.00 per equity share (including a premium of Rs. 299.00 per equity share) (the "Offer Price") aggregating to Rs. 593.00^ crores (the "Offer"), comprising a fresh issue of 9,605,263^ equity shares of face value of Rs. 5 each by the company aggregating to Rs. 292.00^ crores (the "Fresh Issue") and an offer for sale of 9,901,315^ equity shares of face value of Rs. 5 each aggregating to Rs. 301.00^ crores (the "Offer for Sale"), comprising 1,690,789^ equity shares of face value of Rs. 5 each aggregating to Rs. 51.40^ crores by Khubilal Jugraj Rathod, 1,304,276^ equity shares of face value of Rs. 5 each aggregating to Rs.39.65^ crores by Vimalchand Jugraj Rathod, 1,062,500^ equity shares of face value of Rs. 5 each aggregating to Rs. 32.30^ crores by Rajesh Khubilal Rathod, 1,062,500^ equity shares of face value of Rs. 5 each aggregating to Rs. 32.30^ crores by Mohit Khubilal Rathod, 1,062,500^ equity shares of face value of Rs. 5 each aggregating to Rs. 32.30^ crores by Sumit Rathod (together referred to as the "Promoter Selling Shareholders"), 1,062,500^ equity shares of face value of Rs. 5 each aggregating to Rs. 32.30^ crores by Nirmala Khubilal Rathod, 1,062,500^ equity shares of face value of Rs. 5 each aggregating to Rs. 32.30^ crores by Manjula Vimalchand Rathod, 531,250^ equity shares of face value of Rs. 5 each aggregating to Rs. 16.15^ crores by Sangita Rajesh Rathod, 531,250^ equity shares of face value of Rs. 5 each aggregating to Rs. 16.15^ crores by Shalini Mohit Rathod and 531,250^ equity shares of face value of Rs. 5 each aggregating to Rs. 16.15^ crores by Sonal Sumit Rathod (collectively referred to as the "Promoter Group Selling Shareholders" and together with the promoter selling shareholders referred to as the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares"). The company, in consultation with the book running lead managers, has undertaken a pre-ipo placement of 2,401,315 equity shares at an issue price of Rs. 304.00 per equity share (including a premium of Rs. 299.00 per equity share) for a cash consideration aggregating to Rs. 73.00 crores on November 10, 2023. the size of the fresh issue has been reduced by Rs. 73.00 crores and accordingly, the size of the fresh issue is aggregating to Rs. 292.00 crores. The relevant investor that has subscribed to the equity shares of the company pursuant to the pre-ipo placement has been informed that there is no guarantee that the offer may come through or the listing may happen and accordingly, the investment was done by the relevant investor solely at its own risk. The offer price is Rs. 304.00 per equity share and the offer price is 60.80 times the face value of the equity shares. ^Subject to finalisation of the basis of allotment
Issue
Opens On Closes On
22-Nov-23 24-Nov-23
Money Payable On
Application Allotment
304.00 0.00
Minimum Application for shares in Nos : 49 Further Multiples of : 49
Cr Lead Managers to the Issue
Project Cost (.Cr) 273.04 Axis Capital Ltd
Project Financed through Current Offer (.Cr) 593.00  
Post Issue Equity Share Capital (.Cr) 52.70
Issue Price () 304.00
Projects
Setting up the new Valsad Unit
Funding capital expenditure of the company and its subsidiary FWEPL
Funding working capital requirements of the company and its subsidiary FWEPL & FCIPL
Repayment/pre-payment in part or full of certain borrowings availed by the company and subsidiary FWEPL and FCIPL
General Corporare Purposes
Promoted By
Khubilal Jugraj Rathod
Vimalchand Jugraj Rathod
Rajesh Khubilal Rathod
Listing At
BSE
NSE
Registrar to the Issue
No Data Available

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