Flair Writing IPO Subscriptions on Day 2: A Comprehensive Overview

1. Subscription Metrics

• The Flair Writing Industries IPO has garnered substantial attention, with a commendable subscription rate of 3.59 times on the second day of offerings. This translates to a robust demand, exemplified by bids for 5.17 crore shares against the issue size of 1.44 crore.

1. Segmental Subscriptions

• Retail investors have exhibited a noteworthy interest, subscribing 4.6 times, underscoring their confidence in the company’s prospects. Simultaneously, non-institutional investors have subscribed 5.25 times, while qualified institutional buyers have secured 0.54 times their respective allotted quotas.

1. Anchor Investor Influx

• On November 21, anchor investors injected a substantial sum of Rs 177.9 crore into the IPO. Distinguished entities such as Theleme India Master Fund, Natixis International Funds, Troo Capital, and others participated in this strategic investment.

1. IPO Composition and Price Band

• The IPO comprises a fresh issue of 96.05 lakh shares, amounting to Rs 292 crore, and an offer-for-sale of 99.01 lakh shares valued at Rs 301 crore. The price band for this offering, set to conclude on November 24, ranges from Rs 288 to Rs 304 per share.

1. Prominent Promoters and Utilization of Proceeds

• The promoters, including Khubilal Jugraj Rathod and others, are instrumental figures in Flair Writing Industries. The IPO’s funds, earmarked at Rs 593 crore, will support the establishment of a cutting-edge manufacturing facility in Valsad (costing Rs 55.99 crore) and address capital and working capital requirements.

🌐 Sources

1. livemint.com – Flair Writing Industries Limited IPO details
2. 5paisa.com – Flair Writing IPO: 30% Anchor Allocation
3. chittorgarh.com – Flair Writing IPO Date, Price, GMP, Review, Details
4. zeebiz.com – Unveiling Flair Writing Industries IPO – Zee Business
5. economictimes.indiatimes.com – Flair Writing garners Rs 178 crore from anchor investors
6. thehindubusinessline.com – Flair Writing Industries to raise ₹745 crore via IPO

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