SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Flair Writing Industries files DRHP with SEBI

20 Jul 2023 Evaluate

Flair Writing Industries has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 365 crore and an offer-for-sale (OFS) of equity shares worth up to Rs 380 crore by promoters and promoter group entities.

The company proposes to utilize the net proceeds of the fresh issue for setting up a manufacturing facility for writing instruments at Valsad district, in Gujarat; funding its capital expenditure and its arm Flair Writing Equipments; funding its working capital requirements and its subsidiaries, FWEPL and Flair Cyrosil Industries, payment of the loan, and general corporate purposes. Nuvama Wealth Management (formerly known as Edelweiss Securities) and Axis Capital are the book-running lead managers to the IPO issue.

Flair Writing Industries, which owns the over 45-year-old flagship brand ''Flair'', is among the top three players in the overall writing instruments industry with a market share of about nine per cent, as of March 2023. It manufactures and distributes writing instruments including pens, stationery products, and calculators, and has also diversified into manufacturing houseware products and steel bottles.


Flair Writing Indu. Share Price

332.45 -1.35 (-0.40%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
DOMS Industries 2365.40
Flair Writing Indu. 332.45
Kokuyo Camlin 89.00
Linc 99.44
Sundaram Multi Pap 1.48
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×