Flair IPO: What GMP, subscription status signal as focus shifts on allotment date

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Flair IPO: Subscription for the initial public offering (IPO) of Flair Writing Industries Ltd ended on Friday last week. As per the Flair IPO subscription status, the book build issue has been subscribed over 46 times after three days of bidding from 22nd to 24th November 2023. Now, bidders and stock market observers are eagerly waiting for Flair IPO allotment date, which is most likely on 28th November 2023 i.e.

on Tuesday next week. Meanwhile, ahead of the Flair IPO allotment date, grey market has gone further bullish on the book build issue. According to stock market observers, shares of Flair Writing Industies Limited are available at a premium of ₹84 in grey market today.

Also Read: Tata Technologies IPO: GMP jumps after strong subscription status Stock market observers said that Flair IPO grey market premium (GMP) today is ₹84, which is ₹3 higher from its Friday GMP of ₹81. This rise in Flair IPO GMP can be attributed to strong response by investors as the book build issue got subcribed to whopping 46.68 times. Market observers said that strong subscription satus is one of the major reasons that has fueled grey market sentiments in regard to this public issue even though stock market sentiments have remained almost choppy throughout the week gone by.

Also Read: IREDA IPO: What GMP, subscription status signal as eyes set on allotment date In three days of bidding from Wednesday to Friday last week, Flair IPO got subscribed 46.68 times as it received bids for 67.28 crore company shares against 1.44 crore offered shares of the company. The retail portion of the public issue got subscribed over 13 times, NII portion got subscribed 33.37 times whereas the QIB segment of the public offer got subscribed 115.6 times. Also