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15 Days Price Change

Flair Writing Indu. IPO

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WEBSITE Inc. Year: 2016 Industry: Printing & Stationery Listed Page

Profile
Issue Size --
Profile
Price Range 288  to  304 per share
Profile
Min Investment ₹304
Profile
Lot Size 1
Profile
Face Value ₹5
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Flair Writing Industries Ltd is a dynamic and innovative company that specializes in the manufacturing and distribution of writing instruments. With a commitment to quality and creativity, Flair has established itself as a leading player in the stationery industry. The company boasts a diverse range of pens, markers, and other writing tools, catering to a global customer base. Known for its cutting-edge technology and contemporary designs, Flair Writing Industries Ltd constantly strives for excellence in product development and customer satisfaction. As a market leader, the company combines style with functionality, making its products popular among students, professionals, and enthusiasts alike. Flair remains dedicated to fostering a culture of innovation and remains at the forefront of the ever-evolving writing instrument market. Read More

Basic Info

Face Value 5 per share

Price 288  to  304 per share

P/E (x) 26.7

Sales( Cr.) 1080

PAT( Cr.) 119

EPS 11.4

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Mr. Khubilal Jugraj Rathod Mr. Vimalchand Jugraj Rathod Mr. Rajesh Khubilal Rathod Mr. Mohit Khubilal Rathod

Pre Issue Share Holding 97.49%

Post Issue Share Holding 79.21%

Listing Details:

Listing Price: 503

Listing Gain: 39.56%

Current Price: 288.6

Gain On Issue: 288.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Nov 22, 2023
Closing Date Nov 24, 2023
Allotment Nov 27, 2023
Refund Nov 28, 2023
Delivery of Shares Nov 28, 2023
Listing Date Nov 29, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 49 14,896
Retail (Max) 13 637 193,648
S-HNI (Min) 14 686 208,544
S-HNI (Max) 67 3283 998,032
B-HNI (Min) 68 3332 1,012,928

Objective of the Issue

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 its Subsidiaries, FWEPL and FCIPL 5. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 9753289 1190096324 122x
NII 2925987 103082522 35.2x
Retail 6827302 93738856 13.7x
EMP 0 0 0x
Total 19506578 961284164 49.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Flair Writing Indu. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 338 383 148 573 732 725 298 577 943 979 1080
Other Income 4 6 23 7 5 5 13 10 12 15 25
Total Income 342 388 171 580 738 730 311 588 954 993 1104
Total Expenditure 268 297 123 478 612 631 275 480 759 787 895
Operating Profit 73 91 48 102 126 100 36 108 195 206 210
Interest 11 11 6 17 19 16 12 10 10 11 5
Depreciation 8 10 5 15 18 24 22 24 27 37 45
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 54 70 38 69 88 60 2 73 158 159 159
Provision for Tax 13 17 13 19 22 22 1 18 41 40 40
Profit After Tax 41 53 25 50 67 38 1 55 117 118 119
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 41 53 25 50 67 38 1 55 117 119 120
Adjusted Earnings Per Share 17.7 22.7 153.8 286.7 28.6 16.2 0.4 23.6 12.5 11.3 11.3

Flair Writing Indu. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 70 122 20 154 224 260 262 317 435 899 1018
Minority's Interest 0 0 0 0 0 0 0 0 0 -0 -1
Borrowings 0 5 4 98 122 119 110 73 42 31 21
Other Non-Current Liabilities -3 -5 1 5 5 19 23 19 23 38 43
Total Current Liabilities 194 178 170 170 199 166 86 149 184 141 136
Total Liabilities 261 301 194 427 551 564 481 557 684 1108 1218
Fixed Assets 92 111 86 144 182 200 186 196 250 327 427
Other Non-Current Assets 23 15 24 34 13 8 10 9 24 61 53
Total Current Assets 147 175 84 248 355 356 285 352 411 720 738
Total Assets 261 301 194 427 551 564 481 557 684 1108 1218

Flair Writing Indu. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 0 1 6 1 2 4 1 0 1 52
Cash Flow from Operating Activities 34 46 18 45 35 81 67 35 98 76 54
Cash Flow from Investing Activities -34 -17 -21 -51 -52 -30 -16 -19 -74 -284 -24
Cash Flow from Financing Activities -1 -28 8 0 17 -49 -55 -16 -24 259 -25
Net Cash Inflow / Outflow -1 1 5 -6 0 2 -3 -0 1 51 5
Closing Cash & Cash Equivalent 0 2 6 1 2 4 1 0 1 52 57

Flair Writing Indu. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 17.74 22.71 153.78 286.7 28.59 16.25 0.42 23.62 12.54 11.29 11.35
CEPS(Rs) 21.3 27.18 182.11 374.31 36.49 26.35 10.02 34.06 15.46 14.73 15.54
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 1
Book NAV/Share(Rs) 30.07 52.79 123.6 866.08 95.79 111.54 112.04 135.77 46.57 85.29 96.63
Core EBITDA Margin(%) 20.42 22.22 16.81 16.52 16.48 13.01 7.8 16.74 19.25 19.17 16.82
EBIT Margin(%) 19.11 20.97 29.09 15.05 14.7 10.49 4.59 14.33 17.6 16.95 14.99
Pre Tax Margin(%) 15.96 18.09 25 12.05 12.06 8.29 0.73 12.56 16.54 15.88 14.49
PAT Margin (%) 12.11 13.67 16.36 8.72 9.11 5.23 0.33 9.43 12.27 11.85 10.83
Cash Profit Margin (%) 14.54 16.36 19.38 11.38 11.63 8.48 7.85 13.6 15.13 15.53 14.9
ROA(%) 18 18.77 9.94 16.1 13.66 6.81 0.19 10.62 18.85 13.22 10.24
ROE(%) 81.99 54.81 34.59 58.54 35.63 15.67 0.37 19.06 31.13 17.76 12.42
ROCE(%) 36.43 36.57 23.13 36.94 28.46 17.67 3.32 20.06 33.8 22.71 16.56
Receivable days 68.05 70.18 132.52 47.44 73.39 89.14 180.25 82.05 60.75 70.35 78.65
Inventory Days 46.28 54.05 121.71 41.03 57.36 72.77 172.44 98.55 76.13 80.33 85.24
Payable days 63.52 66 155.12 50.45 62.61 66.72 125.37 54.11 40.84 48.55 41.01
PER(x) 0 0 0 0 0 0 0 0 0 22.25 19.87
Price/Book(x) 0 0 0 0 0 0 0 0 0 2.94 2.33
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0.44
EV/Net Sales(x) 0.4 0.31 0.77 0.3 0.31 0.27 0.51 0.26 0.17 2.51 2.12
EV/Core EBITDA(x) 1.85 1.29 2.35 1.71 1.79 1.93 4.24 1.38 0.83 11.9 10.93
Net Sales Growth(%) 26.21 13.32 -61.31 286.76 27.86 -0.99 -58.91 93.76 63.26 3.83 10.33
EBIT Growth(%) 55.91 24.5 -45.89 97.34 24.7 -29.31 -82.01 511.96 100.55 0.9 -2.76
PAT Growth(%) 47.5 27.97 -53.3 103.22 33.5 -43.17 -97.44 5588.02 112.22 1.23 0.51
EPS Growth(%) 43.94 27.97 577.18 86.44 -90.03 -43.17 -97.44 5588.01 -46.9 -10.03 0.52
Debt/Equity(x) 1.91 0.95 6.03 1.16 0.91 0.66 0.5 0.4 0.27 0.05 0.03
Current Ratio(x) 0.76 0.99 0.49 1.46 1.78 2.15 3.33 2.37 2.23 5.11 5.43
Quick Ratio(x) 0.49 0.63 0.27 0.93 1.08 1.24 1.79 1.13 1.07 3.5 3.32
Interest Cover(x) 6.07 7.27 7.11 5.01 5.58 4.77 1.19 8.13 16.53 15.88 30.16
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.02 0.01

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 23% 8% 12%
Operating Profit CAGR 2% 25% 16% 11%
PAT CAGR 1% 29% 26% 11%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 2% NA% NA% NA%
ROE Average 12% 20% 16% 33%
ROCE Average 17% 24% 19% 25%

Company Contact Information

Flair Writing Industries Ltd.

Flair House, Plot No. A/64 Cross Road – A, Marol Ind. Area, Midc Andheri (East)

IPO Lead Manager(s)

Flair Writing Industries Ltd.

Axis Capital Ltd.

Nuvama Wealth Management Ltd.

Registrar Info

Flair Writing Industries Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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