What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Flair Writing Industries Limited IPO?

Based on the upper price band of ₹304 and current GMP of ₹150, the estimated listing price is ₹454 (approx. 49.3% gain).

What is the expected profit per lot for Flair Writing Industries Limited IPO?

With a lot size of 49 shares and current GMP of ₹150, expected profit per retail application lot is approximately ₹7,350.

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Grey Market Intelligence

Flair Writing Industries Limited

ListedMainboard

Industrial & Financial Services · NSE / BSE

Incorporated in 1976, Flair is engaged in developing and manufacturing writing instruments that meet modern market requirements, and is an ISO 9001:2015 and ISO 14001:2015 certified company. It owns well-known brands like Flair, Hauser, Pierre Cardin, Flair Creative, Flair Houseware and Zoox. In FY23, it sold 1,303.60 million pens, with 74.82% sold in India and 25.18% exported globally. The company has strong business relationships with leading writing industry players and recently expanded into houseware products such as casseroles, bottles, storage containers, and cleaning solutions through its subsidiary FWEPL, adding to its diversified product portfolio and growth opportunities.

Price Band

₹288 – ₹304

Issue Size

₹593 Cr

Lot Size

49 shares

GMP

₹150

+49.3%

Est. Listing

₹454

at current GMP

Subscribed

49.28x

overall

Open

22 Nov 2023

24 Nov 2023

Allotment

29 Nov 2023

Refund

30 Nov 2023

Demat Credit

1 Dec 2023

Listing

1 Dec 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Flair Writing Industries Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹150+49.3%

Issue Price (Upper)

₹304

Band: ₹288 – ₹304

Estimated Listing Price

₹454

Upper price + GMP

Lot Size

49 shares

Min investment ₹14,896

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹150	49.3%	₹454
30 Oct 2026	+₹150	49.3%	₹454
29 Oct 2026	+₹135	44.4%	₹439

About Flair Writing Industries Limited Public Issue & Market Profile

Flair Writing Industries Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹593 Crores. The shares are offered at a price band of ₹288 to ₹304 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2023-11-24, the basis of allotment is scheduled to be finalized on 2023-11-29. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Flair Writing Industries Limited IPO GMP today?

The latest grey market premium for Flair Writing Industries Limited IPO is ₹150, which indicates an expected listing price of ₹454.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.