Flair Writing IPO listed @ Rs. 501

December 1, 2023 admin Leave a replyPost Comment

Flair Writing Industries IPO GMP, Details to watch, Guidance & Subscription @ Chanakyanipothi.com

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Flair Writing Industries IPO GMP, Details to watch, Guidance & Subscription Status @ Chanakyanipothi.com India`s Oldest & the most Trusted Investment website. Operational since 8th December 1999, this is the Only Investment website in India, which has successfully completed 23 Years.

Who are the promoters of Flair Writing Industries IPO? 
MR. KHUBILAL JUGRAJ RATHOD AND MR. VIMALCHAND JUGRAJ RATHOD

Flair Writing Industries IPO Watch, Its Business.

Flair Writing Industries is the largest player in pens segment reporting a revenue of Rs 7,541.8 million in Financial Year 2023 from the pens writing instruments segment in India, according to CRISIL. It is among the top three players in the overall writing instruments industry with a revenue of Rs. 9,155.5 million in Financial Year 2023 and occupy a market share of approximately 9% in the overall writing and creative instruments industry in India, as of March 31, 2023. According to CRISIL, it is also among the top two organized players which have seen faster growth in revenue as compared to overall writing and creative instrument industry growth rate, i.e., while the industry grew at a CAGR of 5.5% between Financial Year 2017 and 2023, it grew at a CAGR of approximately 14% during the same period. The company reported the highest operating and net income margins of 17.8% and 9.6%, respectively, in Financial Year 2022 among other key writing instruments players.
Its flagship brand “Flair” has enjoyed a market presence of over 45 years. It has an extensive range of products across various price points and cater to a broad range of consumers, including students, professionals and offices.

It manufactures and distributes writing instruments including pens, stationery products and calculators. Leveraging on its manufacturing capabilities, and its existing customer base in the writing and creative instruments business, it has also diversified into manufacturing houseware products and steel bottles.
In Financial Year 2023, it sold 1,303.60 million units of pens, of which 975.30 million units or 74.82% was sold domestically, and 328.30 million units or 25.18% was exported globally. Compared with other key organized players in the writing and creative instruments industry such as DOMS, Camlin, Linc and Luxor, the Company had the largest distributor/dealer network and wholesale/retailer network, in the writing instruments segment in India, according to CRISIL, comprising approximately 7,700 distributors/dealers and approximately 315,000 wholesalers/retailers, as of March 31, 2023. It occupied a market share of 7.1% in the export of writing and creative instruments industry, in Financial Year 2023, according to CRISIL.

The product range includes a variety of pens (ball pens, fountain pens, gel pens, roller pens and metal pens), which is its largest category in terms of number of products offered, stationery products (mechanical pencils, highlighters, correction pens, markers, gel crayons and kids’ stationery kits) and calculators. It launched a range of “Flair Creative” products in Financial Year 2021 which include water colours, crayons, sketch pens, erasers, wooden pencils and geometry boxes, fine liners, sharpeners and scales. It offered 699 different products as of March 31, 2023.
The company recently forayed into manufacturing a wide range of houseware products including casseroles, bottles, storage containers, serving solutions, cleaning solutions and basket and paper bins, through one of its Subsidiaries, FWEPL.
It manufactures pens and other products from 11 manufacturing plants located in Valsad, Gujarat; in Naigaon (near Mumbai), Maharashtra; in Daman, Union Territory of Dadra and Nagar Haveli and Daman and Diu; and in Dehradun, Uttarakhand.
For more information, click www.flairworld.in

What is the object of Flair Writing Industries IPO?
The Offer comprises the Fresh Issue and the Offer for Sale.
The net proceeds of the Fresh Issue are proposed to be utilized in the following manner:
1. setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (“New Valsad Unit”);
2. funding capital expenditure of the Company and its Subsidiary, FWEPL;
3. funding working capital requirements of the Company and its Subsidiaries, FWEPL and FCIPL;
4. repayment/pre-payment, in part or full of certain borrowings availed by the Company and the Subsidiaries, FWEPL and FCIP
5. general corporate purposes

Flair Writing Industries IPO GMP, Particulars & Guidance

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Flair Writing Industries IPO GMP, Details to watch, Guidance & Subscription