Katya Naidu01 Dec 2023, 16:11
Flair Writing made a stellar debut on the D-Street at a premium of 65% on Friday. That’s miles ahead of grey market predictions which was hoping for 30% listing gains from the stock. The stock listed at ₹503 as compared to its issue price of ₹304 per share. The company’s market cap stood at ₹5,301 crore according to Bombay Stock Exchange. The ₹593 crore issue was subscribed 46.6x with outsized interest from institutional investors. The QIB portion of the issue was subscribed 115.6 times the shares on offer.