The Flair Writing IPO is a Rs 593.00 crore book-built issuance. The offering consists of a fresh issue of 0.96 crore shares worth Rs 292.00 crores and an offer for sale of 0.99 crore shares worth Rs 301.00 crores.
The Flair Writing IPO subscription period began on November 22, 2023 and will end on November 24, 2023. The Flair Writing IPO allotment is expected to be completed on Thursday, November 30, 2023. The Flair Writing IPO will be listed on the BSE and NSE, with a tentative listing date of Tuesday, December 5, 2023.
The price range for the Flair Writing IPO is set at $288 to 304 per share. An application requires a minimum lot size of 49 Shares. Retail investors must make a minimum investment of $14,896. The minimum lot size investment in sNII is 14 lots (686 shares), amounting to 208,544, and the minimum lot size investment in bNII is 68 lots (3,332 shares), amounting to 1,012,928.
Flair Writing IPO Details
| IPO Date | November 22, 2023 to November 24, 2023 |
| Listing Date | [.] |
| Face Value | Rs 5 per share |
| Price Band | Rs 288 to Rs 304 per share |
| Lot Size | 49 Shares |
| Total Issue Size | 19,506,578 shares (aggregating up to Rs 593.00 Cr) |
| Fresh Issue | 9,605,263 shares (aggregating up to Rs 292.00 Cr) |
| Offer for Sale | 9,901,315 shares of Rs 5 (aggregating up to Rs 301.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 95,790,115 |
| Share holding post issue | 105,395,378 |
Flair Writing IPO Timeline
| IPO Open Date | Wednesday, November 22, 2023 |
| IPO Close Date | Friday, November 24, 2023 |
| Basis of Allotment | Thursday, November 30, 2023 |
| Initiation of Refunds | Friday, December 1, 2023 |
| Credit of Shares to Demat | Monday, December 4, 2023 |
| Listing Date | Tuesday, December 5, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 24, 2023 |
Flair Writing IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 49 | Rs 14,896 |
| Retail (Max) | 13 | 637 | Rs 193,648 |
| S-HNI (Min) | 14 | 686 | Rs 208,544 |
| S-HNI (Max) | 67 | 3,283 | Rs 998,032 |
| B-HNI (Min) | 68 | 3,332 | Rs 1,012,928 |
