Last heard, shares of Flair Writing Industries were commanding a premium of Rs 150-155 per share in the grey market, suggesting a listing pop of more than 50 per cent for the investors.
Shares of Flair Writing Industries were listed at a premium of 65 per cent on both the exchanges. The stock was listed at Rs 503 apiece on BSE and at Rs 501 on NSE.
Flair Writing Industries IPO | Citing the grey market price and the above reasons, Rajan Shinde, research analyst at Mehta Equities believes the healthy listing is justified