In this article, we will talk about the Flair IPO. Flair Writing Industries Private Limited is a writing instrument manufacturing firm based out of 63 B/CKandivali Co-Op. Industrial Estate Charkop, Mumbai, Maharastra, India. Reportedly, Flair Writing Industries Ltd allotment status initial public offering (IPO) has been declared and now allottees have been eagerly waiting for the Flair IPO listing date, which is most probably on 1st December 2023 i.e. tomorrow. Currently, many people are super curious to know about the whole information about the news. In this article, we will give complete information about the news, so let’s continue the article.
Flair Writing IPO allotment
Meantime, in a crowded primary market, the grey market went further bullish on Flair’s IPO. As per the market observers, Flair Writing Industries Ltd shares have been available at a premium of ₹82 in the grey market today. Now this news has been gaining massive attention from the people as they are super curious to know about Flair IPO GMP today. Market watchers stated that Flair IPO grey market premium (GMP) today has been ₹83, which is ₹3 more elevated from Flair IPO GMP of ₹80 on Wednesday, 29 November 2023. Scroll down to the next page for more information about the news.
According to the report, Flair IPO GMP has grown in the last day. Market viewers stated that a rise in grey market sentiments may be attributed to optimism in the Indian stock market and the powerful response by investors to the public issue during the subscription date. If we talk about the GMP mean. Market observers also reported that Flair’s IPO GMP today is ₹83, which means the market is anticipating that Flair’s IPO listing cost would be around ₹387 ( ₹304 + ₹83), which is roughly 27% more increased from Flair IPO price band of ₹288 to ₹304 per equity share. You are on the correct page for more information about it, so please read the complete article till the end.
As far as we know, stock market specialists held that the grey market is not an ideal indicator to discover likely listing from a public issue. They stated that the grey market is non-regulated and fully hypothetical as it has nothing to do with to do with financials of the firm. They want to say that sometimes the grey market offers insincere numbers as it involves even those who have a high stake in the public issue. Here we have shared all the information which we had. Stay tuned to us for more updates.