It is important to note that grey market premiums are just an indicator of how the company s shares are stacked up in the unlisted market and are subject to change rapidly.
Flair Writing is expected to announce its share allotment status on Wednesday, November 29.The shares of Flair Writing were subscribed 46.68 times.The shares
Flair Writing Industries, whose IPO was open for bidding between November 22-24, sold its primary offering in the range of Rs 288-304 apiece with a lot size of 49 shares.
In the grey market, Flair Writing is fetching a premium of Rs 60 ahead of the issue opening. This compares with the upper price band of Rs 304. The IPO comprises fresh issue of Rs 292 crore and an OFS of Rs 301 crore. Under the OFS segment, Khubilal Jugraj Rathod will offload shares worth Rs 76 crore, Vimalchand Jugraj Rathod will sell up to Rs 57 crore. Other selling shareholders include Nirmala Khubilal Rathod, Manjula Vimalchand Rathod.