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Business News/ Markets / Ipo/  Flair Writing IPO allotment finalised: Latest GMP; here's how to check allotment status
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Flair Writing IPO allotment finalised: Latest GMP; here's how to check allotment status

Flair Writing IPO: The initiation of the refund process will start on Thursday, November 30, for individuals not given shares.

Flair Writing Industries Limited IPO price band was set in the range of ₹288 to ₹304 per equity share of face value of ₹5.Premium
Flair Writing Industries Limited IPO price band was set in the range of 288 to 304 per equity share of face value of 5.

Flair Writing IPO: The initial public offering (IPO) of pen manufacturer Flair Writing concluded on November 24 and the allotment status has been finalised today (Wednesday, November 29). The investors who applied for the issue can check the Flair Writing IPO allotment status in the registrar's portal, which is Link Intime India Private Limited.

Investors can find out if and how many shares they have been given through the basis of allotment. The initiation of the refund process will start on Thursday, November 30, for individuals not given shares. Those allotted will receive their shares in their demat accounts on November 30.

Flair Writing IPO was subscribed over 46 times on the final day of bidding. Flair Writing IPO listing date has been set as December 1 on stock exchanges BSE, NSE. If you applied for the shares, here's how you can check allotment status of Flair Writing IPO:

How to check allotment status of Flair Writing IPO on Link Intime India Pvt Ltd:

Once share allocation is announced, bidders will be able to check Flair IPO allotment status online by logging in at the BSE website or at the website of its official registrar — Link Intime Private Limited.

Go to the website of Link Intime.

Step 1- Login to the Link In time link

https://linkintime.co.in/mipo/ipoallotment.html

Step 2- Click on ‘Company Selection’ and then select the IPO name.

Step 3- Now, enter your PAN, application number, DP / Client ID, or account number / IFSC.

Click on ‘Search’.

How to check allotment status of Flair Writing IPO on BSE?

Go to the BSE website.

Step 1- Login to the BSE Link

https://www.bseindia.com/investors/appli_check.aspx

Step2- Select ‘Equity’ and then from the dropdown, select the issue name.

Step 3- Enter your application number or PAN card number.

Click on the "Search" button.
 

Flair Writing IPO GMP Today

Market observers said that Flair Writing IPO GMP has received strong response from investors and this could be the possible reason for rise in grey market sentiments in regard to the book build issue.

Flair Writing IPO GMP or grey market premium is 90 per share. This indicates Flair Writing share price were trading at a premium of 90 according to investorgain.com. 'Grey market premium' indicates investors' readiness to pay more than the issue price.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Flair Writing is 394 apiece, which is 29.61 per cent higher than the IPO price of 304.

Also Read: Flair Writing IPO Day 3: Issue subscribed over 46 times on final day, retail portion booked 13x

Flair Writing shares likely to debut at 25% against IPO price

Rajan Shinde, Research Analyst, Mehta Equities Ltd said, “With an optimistic market mood, we expect a healthy listing premium of around 25 per cent for Flair Writing against the issue price of 304/- per share. We believe the healthy listing is justified on the back of high growth seen in the writing instruments and stationery segment, diversification into housewares, steel bottles and appliances and ongoing expansion plans to tap the future growth.''

‘’Hence we recommend allotted short term investors to book profits over and above 25 per cent gains while long term investors can HOLD considering healthy growth in the writing and creative instruments industry in India and strategic partnership with global brands. Investors who failed to get allotments in the public offer can accumulate on every dips post listing for decent long term returns,'' added Shinde.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

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ABOUT THE AUTHOR
Nikita Prasad
Nikita covers business news and has been producing news on digital platforms since 2018. She writes on economy, policy, markets, commodities, industry. Her core areas of interests include infrastructure, energy, oil and gas, railways, and transport/mobility. She has worked for business news channels like Moneycontrol, NDTV Profit, and Financial Express in the past. If you have story ideas/pitches/reports or quotes/views to share, reach her at nikita.prasad@htdigital.in.
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Published: 29 Nov 2023, 09:55 PM IST
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