Flair Writing IPO: The initiation of the refund process will start on Thursday, November 30, for individuals not given shares.
The IPO of Flare Writing was concluded on November 24, and the allotment status has been finalized today (Wednesday, November 29). Investors who applied for the issue can check the Flare Writing IPO allotment status on the registrar’s portal, which is Link Intime India Private Limited.
To find out how many shares have been allocated based on the allotment, investors can check the Flare Writing IPO allotment status on the Link Intime India Private Limited portal. For those individuals who did not receive shares, the refund process will commence from Thursday, November 30.
Those who have been allotted shares will receive them in their demat accounts on November 30.
The Flare Writing IPO was oversubscribed more than 46 times on the final day of bidding. The listing date for the Flare Writing IPO on the BSE and NSE is scheduled for December 1.
If you applied for shares, here’s how you can check the allotment status of the Flare Writing IPO on the Link Intime India Private Limited website:
- Log in to the Link Intime website: https://linkintime.co.in/mipo/ipoallotment.html
- Click on ‘Company Selection’ and choose the IPO name.
- Enter your PAN, application number, DP/Client ID, or account number/IFSC, and click on ‘Search.’
To check the Flare Writing IPO allotment status on the BSE:
- Log in to the BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ and choose the issue name from the dropdown.
- Enter your application number or PAN card number and click on ‘Search.’
The content talks about the IPO (Initial Public Offering) of Flair Writing Industries Limited, specifically mentioning observations from market regulators. According to them, the IPO has received a strong response from investors, possibly due to increased sentiments in the grey market regarding the book-building issue.
Flair Writing IPO or Grey Market Premium is at ₹90 per share. This suggests that, as per InvestorGen.com, Flair Writing’s share was trading at a premium of ₹90. The term ‘Grey Market Premium’ indicates investors’ willingness to pay more than the issue price.
Considering the upper band of the IPO price and the existing premium in the grey market, the estimated listing price for Flair Writing is ₹394 per share, which is 29.61% higher than the IPO price of ₹304.
There’s a likelihood that Flair Writing’s shares might start trading at a 25% premium compared to the IPO price. Rajan Shinde, a research analyst at Mehta Equities Limited, expressed optimism, saying they anticipate a healthy listing premium of around 25% for Flair Writing compared to the issue price of ₹304 per share. He believes that strong listing is justified due to the growth seen in writing instruments and stationery, diversification in household items, steel bottles, and ongoing expansion plans to meet future growth.
Therefore, he advises short-term investors to potentially earn more than a 25% profit, while long-term investors can consider strategic partnerships with global brands in the writing and creative tools industry for sustainable development and global strategic partnerships in the creative tools industry in India. Shinde suggests that those who failed to secure an allocation in the public offering can invest after listing at every dip for good long-term returns.
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