Stationery company Flair Writing, which recently launched its IPO, has made some changes regarding the listing of shares. The company has decided to postpone the listing of its shares on the stock market. The company’s shares were earlier scheduled to be listed on Thursday, November 30.
The listing was scheduled to happen simultaneously
Many IPOs were launched in the market during the last week. Apart from Tata Technologies, Gandhar Oil and FedBank Financial Services, the names of Flair Writing were also included in them. Listing of shares of Tata Technologies, Gandhar Oil and FedBank Financial Services is going to happen on November 30. Earlier, the shares of Flair Writing were also going to be listed along with them.
Now the listing is going to happen on this day
Now the company has said that it will delay the listing of its shares by one day. From i.e. on Friday 1st December. Due to delay in listing, there will be delay in finalizing the basis of allotment of shares of the company. The company will announce the allotment of shares on Wednesday or Thursday morning. The company says that bidders in the IPO will get alerts about the allotment of shares through mail and message etc.
Details of the company’s IPO
IPO of Flair Writing Industries. Was launched on 22nd November. The IPO was open for bidding till November 24. The price band for the IPO was Rs 288-304, while there were 49 shares in one lot. The company’s Rs 593 crore IPO included fresh issue of shares worth Rs 292 crore and offer for sale of 9,901,315 shares.
Such a response was received from investors
This IPO was launched in the market. There was an excellent response from investors. It was subscribed overall 49.28 times. The Qualified Institutional Investors category was subscribed the maximum 122 times. Retail investors had subscribed 13.73 times. After getting great response, its premium has also increased in the gray market. Currently it is trading in the gray market with a premium of Rs 82-85.
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