Finally, the Flair Writing IPO has opened gone yesterday. After a lot of wait the official IPO subscription of the Flair Writing has gone opened yesterday. The IPO of Fail Writing was opened on 22nd November 2023, Wednesday and it is going to close on 24th November 2023, Friday. This is one of the biggest breaking news in the market right now. Now some market experts have given some advice to check out a total of 0 key risks that investors might consider before investing in Flair Writing IPO. So to know about all the 10 keys, read this article till the end. and do not miss anything.
Tata Technologies IPO Opened For Subscription
The Falir Writing IPO opened for subscription on 22nd November 2023, Wednesday and it is going to shut down on 24th November 2023, Friday. The Falir Writing IPO price band has been set in the official range of Rs. 288 to Rs. 304 per equity share which has a clear face value of Rs. 5. The Falir Writing IPO officially comprises a fresh issue of the shares which are up to Rs. 292 crores and on the offer for sale of the equity shares which has a face value of Rs. 2 each. It has been fixed by the promoters and some other aggregating which are up to Rs. 301 crore. The Flair Writing IPO size is Rs. 593 crore.
If we list some of the key risks that have been officially listed by the company in the Red Herring Prospectus (RHP). So the first key risk is that operations, prospects, business, and the final results of Flair Writing, all the things are suffering materially and there are some chances that it is not going to carry out any other plans that are capable. The FGlair Wirting has not placed any type of order for the machinery which is worth Rs. 75.02 crore and also which is 100% of the total amount of the machinery that is going to be bought the net proceeds.
Another key risk is that it has been claimed that Flair Writing is dependent on the distribution network to sell the goods in India and any other country. As the company is dependent on the import of raw materials by the supplier there is any delay, interruption, or reduction in the raw material has occurred and it is because of some different factors like changes in the trade policy. It might impact negatively on the operations, financial situation, in cash flows.