Industry : STATIONERY
Flair Writing Industries​ View all IPOs
Price Band
Rs. 288 – Rs. 304​
Flair Writing industries is going public with a Fresh issue & Offer For Sale. The issue opens on 22nd November 2023.​​​​​

Objective of the Issue

Details

Objectives of the Issue – Fresh Issue & Offer for Sale– Rs. 593 cr

The Objectives of the Offer are for:
1. Setting up new manufacturing facility for writing instruments in Gujarat​
2. Funding Capital expenditure of the company and its subsidiary
3. Funding working capital expenditure​
4. Repayment in part of borrowings​
5. General corporate purposes​​
​​

List of Shareholders Selling Their Stake

Name Type of Shareholder​ Value of Shares in cr​​ % of OFS​
Khubilal Rathod​​ Promoter​ 514​​ 17%
Vimalchand Rathod​​​​ Promoter​ 397​ 13%
Rajesh Rathod​​​​ Promoter​ 323​ 11%
Mohit Rathod​​​​ Promoter​ 323 11%
Sumit Rathod​​​​ Promoter​ 323 11%
Nirmala Rathod​​ Promoter​ 323 11%
Manjula Rathod​​​​ Promoter​ 323 11%
Sangita Rathod​​​​ Promoter​ 162​ 5%
Shalini Rathod​​​​ Promoter​ 162​ 5%
Sonal Rathod​​​​ Promoter​ 162​ 5%

Business Operations

About Company

Flair Writing Industries is involved in the manufacturing and selling of stationary items like pens. The company sells pens under different brand names including Flair, Hauser, Pierre Cardin, and ZOOX.

The company is one of the biggest manufacturers of pens in the country with a market share of 9% and they also act as an OEM manufacturer for other companies. Flair manufactures pens for Reynolds.

They also sell a creative range of products including water colours, crayons, sketch pens, erasers, wooden pencils and geometry boxes, fine liners, sharpeners, and scales.​

Segment Revenue Breakup

Revenue by Breakdown:
Segment Q1FY24 FY23 FY22 FY21​
Writing Instruments​ 97% 97%​​ 96% 96%
Houseware products​ 2% 1%​​ 0% 0%
Exports, scrap sales​​​​ 1% 2%​​ 4% 4%

Financials

Financial Overview

The revenue of the company has grown at a CAGR of 10% over the last three years

In FY23, The company’s Return on Equity stands at 31%

The Net Profit Margin of the company stands at 13% in FY23 and the Net profit grew by 77% in the last three years

The company has consistently reported positive cash flow operations in the last three fiscal years and the recent June quarter as well.

Financial Performance (Rs/crore)

Rs./Crs Q1 FY24​​ FY 23​ FY 22​ FY 21​
Sales 249 954 588 311
Net Profit​​​ 32 118 55 1
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