At 66% Premium Flair Writing Lists: Is It Better to Buy, Hold, or Book Profits?

 At 66% Premium Flair Writing Lists: Is It Better to Buy, Hold, or Book Profits?

 At 66% Premium Flair Writing Lists: Is It Better to Buy, Hold, or Book Profits?

Flair Writing Industries' IPO price was Rs304, while the shares launched at Rs 501 on the NSE and Rs 503 on the BSE.

Subscription demand for Flare Writing exceeded expectations, especially from QIB investors.

On December 1, Flair Writing Industries' shares had a spectacular start, trading at a 66% premium above the IPO price. Given the company's robust and ambitious ambitions for development and diversification, analysts now advise investors to retain the stock for the long term. Market growth.

The public issue was oversubscribed and the market was generally in a good attitude, which helped the stock start at Rs 304 on the BSE and Rs 501 on the NSE.

Demand for Flare Writing from QIBs was more than anticipated; their bidding was 115.6 times more aggressive. In all, 46.68 times the Rs 593 crore offer was subscribed to between November 22 and 24. Rich people purchased 33.37 times their limit, while the amount reserved for regular investors was purchased 13.01 times.

Leading the writing instrument and stationery market, the business now intends to expand into appliances, appliances, steel bottles, and home accessories.

Let's examine the flare-writing stock offerings from brokerages. Is it better to hold, book, or make additional purchases?

Anand Rathi Shares & Stock Brokers' head of fundamental research, Narendra Solanki, feels that the company's solid growth and profitability history and wide range of products (appliances, steel bottles, and home items) make the listing warranted. Furthermore, these goods are well known for their high caliber and solid brand in both home and foreign markets.

"With a persistent emphasis on plans for development, strategic alliances with well-known international businesses, and promising future growth. Long-term ownership of shares is advised by us.

Hold Mehta Equities

Mehta Equities' projections for the listing were surpassed since the issue had more than anticipated subscription demand. The robust development seen in the stationery and writing instrument category, as well as the diversification into appliances, steel bottles, and home accessories, together with continued expansion plans to accommodate future growth, all contribute to the listing's health.

Rajan Shinde, a research analyst at Mehta Equities Ltd., said, "We propose short-term investors book profits, however long-term investors can look at the positive development in the writing as well as creative tools industry in India and strategic partnerships alongside global brands."

stoxbox: hold on

Flair's quick revenue development and the exponential rise in demand, particularly in the school sector, have allowed it to become one of the top three players in the writing instruments business overall. This is a tribute to Flair's strong market penetration and rising demand. Reaction is evident. A significant asset turnover ratio of 1.5 suggests above average asset efficiency, and ROE above 31.2 percent in the most recent year shows effective capital usage, according to Parth Shah, research analyst at Stocksbox.

Shah encourages investors to keep the stock with a medium- to long-term view and is still enthusiastic about the firm.