Flair IPO: Subscription for the initial public offering (IPO) of Flair Writing Industries Ltd ended on Friday last week. According to the subscription status of Flair IPO, the book building issue has been subscribed more than 46 times after three days of offering from November 22 to 24, 2023. Now, bidders and stock market watchers are eagerly waiting for the allotment date of Flair IPO, which is most likely. November 28, 2023 ie Tuesday next week.
Meanwhile, in the lead up to the Flair IPO date, a gray market has been ramping up on the book building issue. According to stock market watchers, shares of Flair Writing Industries Limited are available at a premium of ₹84 in gray market today.
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Stock market observers said Flair IPO gray market premium (GMP) today is ₹84, which is ₹3 higher from its Friday GMP of ₹81. This increase in Flair IPO GMP can be attributed to a strong response from investors, as the book building issue was subscribed 46.68 times. Market watchers said that strong subscription satus is one of the main reasons that fueled gray market sentiments on this public issue, although the sentiments of the stock markets remained almost dovish for the past week.
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Flair IPO subscription status
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.
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Flair IPO allotment date
In the wake of T+3 schedule after closing of public subscription offer, most likely date for completion of share allotment is November 28, 2023, as November 27 will be stock market holiday due to Gurunanak Jayanti celebration. Likewise, most likely the Flair IPO listing is on November 30, 2023 ie Thursday next week.
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Flair IPO allocation status check
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. For more convenience, investors can login at direct BSE link – bseindia.com/investors/appli_check.aspx or at direct Link Intime portal – linkintime.co.in/mipo/ipoallotment.html and check Flair IPO allotment status online .
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Updated: 25 Nov 2023, 14:21 IST