Flair Writing Industries IPO
Flair Writing Industries Limited (FLAIR) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 01 December 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +31.3% (likely range +23% to +53%), day's high +48.5%, chance of a gain 92%. Actual: +64.8% at the open, +69.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 41,18,052 | 47,60,36,813 | 116x | |
| NII (HNI) total | 30,88,541 | 10,30,69,736 | 33.4x | |
| Big NII (above ₹10 lakh) | 20,59,027 | 7,12,59,622 | 34.6x | |
| Small NII (₹2-10 lakh) | 10,29,514 | 3,18,10,114 | 30.9x | |
| Retail | 72,06,595 | 9,37,33,815 | 13.0x | |
| Total | 1,44,13,188 | 67,28,40,364 | 46.7x |
Bids on NSE and BSE together, as published by NSE, as of 24 Nov 2023, 07:00 PM. Shares offered exclude the anchor portion. 12% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Flair Writing Industries's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Yatharth Hospital and Trauma Care ServicesJul 2023 | 85.1x | 37.2x | 8.34x | 36.2x | ₹705 Cr | +2.0% | +14.4% |
| Rishabh InstrumentsSep 2023 | 72.5x | 31.3x | 8.44x | 31.7x | ₹491 Cr | +4.3% | +6.6% |
| Jupiter Life Line HospitalsSep 2023 | 187x | 34.8x | 7.73x | 63.7x | ₹886 Cr | +32.4% | +50.9% |
| ASK AutomotiveNov 2023 | 142x | 35.5x | 5.70x | 51.1x | ₹834 Cr | +7.5% | +12.3% |
| Campus ActivewearApr 2022 | 152x | 22.3x | 7.68x | 51.8x | ₹1,400 Cr | +23.3% | +43.1% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) and Axis Capital | 35 | +11.9% | 66% |
Offer documents (NSE)
Frequently asked
What is the Flair Writing Industries IPO price band and lot size? ₹288–304 per share, with a lot of 49 shares, so the smallest retail bid is ₹14,896.
How many times has it been subscribed? 46.7x overall: QIB 116x, NII 33.4x, retail 13.0x.
How did it list? It opened at ₹501, +64.8% against the issue price of ₹304, and closed its first day +48.3%.
