Before the IPO opened, the GMP on this company's shares hit Rs 60. See more

 Before the IPO opened, the GMP on this company's shares hit Rs 60. See more

Flair Writing IPO: The IPO's gross margin percentage is now about Rs 60. Investors may begin participating in this IPO tomorrow.

On Wednesday, November 22, the pen manufacturer Flair Writing will launch its initial public offering (IPO). Common investors may still participate in this IPO until this Friday, November 24. This IPO has a Rs 593 crore issue size. The price range for it has been set at Rs 304 per share to Rs 288 per share. 

 flare authoring ipo specifics

There is a new issuance of Rs 292 crore and an OFS of Rs 301 crore in this public offering of Rs 593 crore. There is just one set lot size of 49 shares. For retail investors, a minimum investment of ₹14,896 is needed.

Flair Writing's GMP 

The shares of Player Writing saw an increase in GMP before to the IPO's debut. As to the Mint article, its current cost is around Rs 60. This indicates that the gray market price of Flare Writing's equity shares is Rs 60 more than their Rs 304 issue price.

The expected listing price of Flare Writing shares might be Rs 364 per share (Rs 304 + Rs 60) based on today's GMP of Rs 60 as well as issue price of Rs 304. Flair Writing's shares will be listed on the BSE and NSE.

the flair writing industry

Flair Writing is a manufacturer of writing instruments. The business is one of the top 3 writing firms in the nation. In the fiscal year 2022–2023, the firm brought in Rs 915.55 crore. The market share of the corporation is around 9%.