Today news
About the same in other media
Flair Writing files IPO papers to raise Rs 745 crore
Reading now: 154
Flair Writing Industries has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) to raise about ₹745 crore through an initial public offering. The issue will comprise a sale of fresh shares aggregating up to ₹365 crore and an offer for the sale of shares worth up to ₹380 crore by existing shareholders.
Flair Writing is a leading player in the pens segment, with a revenue of ₹754 crore in FY23 from the pens writing instruments segment in India. The company proposes to utilise the net proceeds of the fresh issue towards setting up a new manufacturing facility for writing instruments funding capital expenditure, working capital requirements and repayment of borrowings.
Read more on economictimes.indiatimes.comAbout this in other media
Flair IPO: Rewriting the pen sector’s growth story? livemint.com /1 year ago
Banks write off over ₹2.09 lakh crore bad loans in FY23, ₹10.57 lakh crore written off in the last five years livemint.com /1 year ago
‘The Kashmir Files’ director gets into a spat with Twitter user who challenges him to make ‘Manipur Files’ economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
