Flair Writing Industries IPO GMP History
Flair Writing Industries IPO has been listed on December 1, 2023 at a listing price of ₹501, against the issue price of ₹304 — a gain of ₹197 (+64.8%). The GMP peaked at ₹90 on 30 November 2023 and reached a low of ₹55 on 21 November 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Flair Writing Industries IPO raised ₹593 Cr. through its IPO at a price band of ₹288 to ₹304 per share, with a lot size of 49 shares. The IPO was open for subscription from 22 Nov 2023 to 24 Nov 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:23 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 30 Nov 2023 | ₹ 90 | ▲ | 30% | — | — |
| 28 Nov 2023 | ₹ 80 | — | 26% | — | — |
| 27 Nov 2023 | ₹ 80 | ▲ | 26% | — | — |
| 25 Nov 2023 | ₹ 78 | ▲ | 26% | — | — |
| 24 Nov 2023 | ₹ 70 | ▲ | 23% | — | — |
| 23 Nov 2023 | ₹ 60 | ▲ | 20% | — | — |
| 22 Nov 2023 | ₹ 58 | ▲ | 19% | — | — |
| 21 Nov 2023 | ₹ 55 | ▼ | 18% | — | — |
| 20 Nov 2023 | ₹ 60 | ▲ | 20% | — | — |
| 18 Nov 2023 | ₹ 55 | — | 18% | — | — |
Flair Writing Industries IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 22 Nov 2023
- Close 24 Nov 2023
- Allotment 29 Nov 2023
- Refund/credit 30 Nov 2023
- Listing 01 Dec 2023
Flair Writing Industries IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹304 |
|---|---|
| GMP-based estimate (pre-listing) | ₹394 (+29.6%) |
| Listing gain / loss | +₹197 per share |
| Listing date | 01 Dec, 2023 |
| Actual listing price | ₹501 (+64.8%) |
Is Flair Writing Industries IPO GMP reliable?
Grey market premium for Flair Writing Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Flair Writing Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Flair Writing Industries IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Flair Writing Industries IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Flair Writing Industries IPO
Flair Writing Industries Limited was incorporated as Flair Writing Industries Private Limited at Mumbai on 12 August 2016. Its flagship brand Flair has been in the market for over 45 years.
As per CRISIL, it is among the top three players in the overall writing instruments industry, with about 9% share of India's writing and creative instruments industry as of 31 March 2023.
It makes and distributes writing instruments such as pens, stationery products and calculators, and has diversified into houseware products and steel bottles. As of the RHP date it had 11 manufacturing facilities.
The IPO was Rs 593 crore, with Rs 292.00 crore of fresh issue and Rs 301.00 crore of offer for sale by promoters and promoter group members. Rs 55.99 crore was planned for a new writing instruments unit in Valsad, Gujarat, and Rs 86.75 crore for capital expenditure.
Frequently asked
What is the GMP of Flair Writing Industries IPO?
The current Grey Market Premium (GMP) of Flair Writing Industries IPO is ₹ 90.
What is the Kostak Price of Flair Writing Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Flair Writing Industries IPO is not available.
What is the Subject to Sauda Price of Flair Writing Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Flair Writing Industries IPO?
Flair Writing Industries IPO listed on December 1, 2023 at ₹501, against the issue price of ₹304 — a gain of +64.8%.
How did the GMP of Flair Writing Industries IPO trend before listing?
The GMP of Flair Writing Industries IPO was rising in its final days before listing. The GMP peaked at ₹90 on 30 November 2023. View the day-wise table above for the complete GMP history.
Explore Flair Writing Industries IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
