An exceptional development from Flair Writing Industries is on the horizon! Today, investors eagerly anticipate the allotment of the highly anticipated initial public offering (IPO), providing them with the opportunity to assess the Grey Market Premium (GMP) and the listing date.
Forecasts for the Flair Writing Industries IPO Allotment
The allotment process for the IPO of Flair Writing Industries commences tonight. The IPO, valued at 593 crores, has received a staggering 46.68 times subscriptions. Subscriptions were open from November 22 to November 24, with listings planned on both the BSE and NSE on December 1.
Update on the Grey Market Premium (GMP)
Currently, unlisted shares of Flair Writing are trading at a premium of Rs 82 on the grey market, indicating a substantial listing gain of 26.97% from the issue price. This premium serves as an indicator of investor confidence and expectations for a strong debut in the market.
Methods for Verifying Allotment Status
Investors can monitor the allotment status through the BSE website using the following steps:
1. Visit the official BSE website and navigate to the [BSE Check Allotment] page (https://www.bseindia.com/investors/appli_check.aspx).
2. Select 'Equity' from the 'Issue Type' menu.
3. Choose "Flair Writing Industries Ltd." in the "Issue Name" field.
4. Provide your PAN or application number.
5. Complete the 'I am not a robot' verification and click 'Search' to view the status of your share application.
IPO Specifics and Key Points of Emphasis
The IPO of Flair Writing Industries generated significant interest, with proposals for 67,28,33,455 shares exceeding the number of shares on offer, which was 1,44,13,188. The QIB category received an impressive 115.60 subscriptions, while retail individual investors and non-institutional investors subscribed 33.37 and 13.01 times, respectively.
The proceeds from the IPO will be allocated towards funding a new manufacturing facility, capital expenditures, and working capital requirements. Flair Writing Industries, renowned for its distinctive 'Flair' brand, holds a substantial market share in the writing instruments industry, a testament to its forty-year existence.
Key partners in the success of the IPO include Nuvama Wealth Management Ltd (previously known as Edelweiss Securities Ltd) and Axis Capital Ltd, who played crucial roles in the offering.
Continue to be informed as Flair Writing Industries enters a new phase in its illustrious IPO listing voyage. Utilize Flair to invest in the power of words!
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