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Flair Writing Industries Limited’s IPO (Flair Writing IPO) is going to open on 22nd November. Betting on the company’s IPO can be done till 24 November 2023. The company for its IPO raised Rs. 288 to Rs. A price band of 304 has been fixed. The face value of the shares of the company is 5 rupees per share. Let us tell you that anchor investors will be able to bet on Flare Writing Industries Limited on November 21.
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What is the lot size?
The company has created one lot of 49 shares for the IPO. Due to which investors have to bet at least Rs 14,896. Any retail investor can bet on a maximum of 637 lots. Presently the share holding of the promoters in the company is 100 percent. Which will decrease after IPO. Let us tell you that the promoters of the company are Ghubalal Jugraj Rathore and Vimal Jugraj Rathore.
Investors pounced on the IPO as soon as it opened and was fully subscribed within the first hour.
50 percent of the IPO is reserved for qualified institutional investors. At the same time, 35 per cent share has been reserved for retail investors and 15 per cent share for NII. The company will list on BSE and NSE on December 5, 2023. Let us tell you that the IPO size of Flare Writing is 593 crore rupees.