The Flair Writing IPO, which was a book-building issue, was oversubscribed 46 times after three days of offering from November 22 to 24, 2023.
Now, bidders and stock market watchers are eagerly awaiting the allotment date of Flair’s IPO, which is Tuesday, November 28. In addition, the Flair Writing stock listing is Thursday, November 30.
In three days of offering from Wednesday to Friday last week, Flair IPO was subscribed 46.68 times as it received bids for 67.28 crore shares of company against 1.44 crore offered shares of the company. The retail portion of the public issue was subscribed more than 13 times, NII portion was subscribed 33.37 times while the QIB segment of the public offering was subscribed 115.6 times.
Flair Writing IPO: Like check assignment status?
Once share allotment is announced, bidders will be able to check the Flair IPO allotment status online by logging on to the BSE website or the website of its official registrar — Link Intime Private Limited.
- Go to the BSE website.
- Select ‘Equality’ and then from the menu, select the theme name.
- Enter your application number and PAN card number.
- Click the “Search” button.
Similarly, you can also check on its registrar’s website.
- Go to the website of Link Intimate.
- Click on ‘Company Selection’ and then select the IPO name.
- Now enter your PAN, application number, DP/Customer ID or account number/IFSC.
- Click ‘Search’.
Flair Writing IPO GMP Today
Stock market observers said Flair IPO gray market premium (GMP) today is ₹85, which is ₹1 higher from its Sunday GMP of ₹84. This increase in Flair IPO GMP can be attributed to strong investor response as the book building issue was subscribed 46.68 times.
Market watchers said that strong subscription status is one of the main reasons that fueled gray market sentiments regarding this public issue, although the sentiments of the stock markets remained almost unsettled for the past week.
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Updated: 27 Nov 2023, 19:07 IST