Flair Writing Industries shares list at 65% premium over IPO price
Post listing, Flair Writing Industries shares rose 69% to ₹514 on the BSE, while the market capitalisation climbed to ₹4,780 crore.
Post listing, Flair Writing Industries shares rose 69% to ₹514 on the BSE, while the market capitalisation climbed to ₹4,780 crore.
The IPO of pencil maker comprises a fresh issue of equity shares worth ₹350 crore and an OFS of ₹850 crore by promoters, FILA as well as Sanjay and Ketan Mansukhlal Rajani.
The pen maker proposes using IPO capital to set up a new manufacturing facility for writing instruments in Valsad (Gujarat) and repaying loans.