Flair Writing Industries IPO: Check share allotment, listing dates

28 Nov 2023 , 01:43 PM

Flair Writing Industries, based in Mumbai, concluded its inaugural public issue last week on a strong note. The company is set to finalize the basis of allotment for IPO shares by November 28.

The allotment of shares will be conducted on a proportionate basis, considering the robust demand for the issue. The Rs 593-crore public issue garnered significant interest, with a subscription rate of 46.68 times during November 22-24, attracting support from various categories of investors.

Qualified institutional buyers showed strong interest, subscribing 115.6 times their allocated portion, while high net-worth individuals subscribed 33.37 times and retail investors 13.01 times their allotted quotas.

Participants in the offering can check their share allotment status on either the BSE website or the portal of the IPO registrar (Link Intime India). The stationery products manufacturing company is expected to credit shares to the demat accounts of successful investors by November 29 or 30, with the possibility of listing its equity shares on the bourses by December 1. However, these dates are tentative and subject to change.