Mumbai-based stationery maker Flair Writing, known for its popular Flair brand of pens, is preparing to announce the status of its initial public offering (IPO) shares on November 29. The Flair Writing IPO, which opened on November 22 and closed on November 24, received robust interest from investors, with the shares being subscribed 46.68 times. This means that the company received bids for 67.28 crore equity shares against the 1.44 crore shares that were on offer.
The IPO’s price band was set at ₹288 to ₹304 per share. The substantial interest shown investors has led to the shares of Flair Writing being traded in the grey market at a premium of ₹80 per share.
For those who applied for shares, the IPO’s allotment status can be checked on the registrar’s website. After visiting the website and selecting ‘Flair Writing,’ applicants can enter their PAN, application number, DP/Client ID, or Account number/IFSC to verify their allotment status.
Alternatively, the BSE and NSE websites also offer options to verify the IPO’s allotment status entering the application number and PAN. The listing date for Flair Writing IPO shares is set for November 30.
The news of Flair Writing’s upcoming IPO listing adds to the recent flurry of IPOs coming to market, including Tata Technologies and Gandhar Oil. According to industry insiders, the unprecedented interest in IPOs reflects the growing eagerness of investors to participate in India’s dynamic marketplace.