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Flair Writing: Pen selling company Flair Writing has been embraced by investors. This is the reason why the IPO was fully subscribed in the opening hours. The company through Anchor Investors raised Rs. 177.90 crore was collected. Let us tell you that the price band of Flare Writing IPO is Rs 288 to Rs 304 per share. The company’s IPO will be open for investment till November 24, 2023.
The government changed its mind, shares fell, investors were disappointed
Subscribe fully in few hours
As per data available at 2.43 pm, the IPO was subscribed 1.97 times. The IPO received maximum subscription of 1.97 times in retail category, 0.54 times in qualified institutional buyers category and 1.51 times in non-institutional investors category.
The gray market made everyone happy
Flare Writing’s IPO today i.e. Wednesday in the gray market at Rs. was trading at the 60 level. That means the listing of the company can be done at the level of 364 rupees. If this happens, lucky investors can get more than 19 percent profit on the first day itself. Let us tell you that daily changes are possible in GMP.