The Flair Writing Industries Limited IPO has generated significant interest from investors, as it was subscribed over 46 times within three days of bidding. With the allotment process set to be finalized soon, investors are eagerly anticipating the outcome. In this blog post, we will guide you on how to check the Flair Writing IPO allotment status and provide insights into the latest Grey Market Premium (GMP) for this IPO.
- Checking Flair Writing IPO Allotment Status:
Once the share allocation is announced, investors can check the Flair Writing IPO allotment status online. There are two platforms where you can check your allotment status:
a) Link Intime Private Limited Portal:
- Visit the website of Link Intime, the official registrar for Flair Writing Industries Limited IPO.
- Login to the Link Intime portal using the following link: https://linkintime.co.in/mipo/ipoallotment.html
- After logging in, click on the ‘Company Selection’ option and select the IPO name.
- Enter your PAN, application number, DP/Client ID, or account number/IFSC.
- Click on ‘Search’ to retrieve your Flair Writing IPO allotment status.
b) BSE Website:
- Visit the BSE website (Bombay Stock Exchange).
- Login to the BSE website using the following link: https://www.bseindia.com/investors/appli_check.aspx
- Select the ‘Equity’ option and choose the issue name from the dropdown menu.
- Enter your application number or PAN card number.
- Click on the “Search” button to view your Flair Writing IPO allotment status.
- Refund Process for Non-Allotted Applicants:
For investors who were not allotted any shares, the refund process is tentatively scheduled to begin on Wednesday, November 29. The refunded amount will be credited to the bank accounts linked to the applicants’ IPO applications.
- Share Crediting:
Investors who have been allotted shares will receive them in their demat accounts on Wednesday itself. It’s essential to ensure that your demat account is active and linked to the IPO application.
- Grey Market Premium (GMP):
Grey Market Premium (GMP) refers to the premium at which IPO shares are trading in the unofficial market before their listing. As of the latest information available, the Flair Writing IPO GMP is +80. This suggests that Flair Writing IPO shares are trading at a premium of ₹80 in the grey market. Based on this premium and considering the upper end of the IPO price band, the estimated listing price is ₹384 per share, which is 26.32% higher than the IPO price of ₹304. The grey market premium indicates the investors’ willingness to pay more than the issue price.
The Flair Writing Industries Limited IPO has attracted significant attention from investors, with the allotment process set to be finalized soon. To check the Flair Writing IPO allotment status, investors can log in to the Link Intime Private Limited portal or visit the BSE website. Non-allotted applicants can expect the refund process to begin on Wednesday, November 29. Shareholders who have been allotted shares will receive them in their demat accounts on the same day. Moreover, the current Grey Market Premium (GMP) for Flair Writing IPO indicates positive investor sentiment. Keep an eye on the listing date, which is scheduled for Friday, December 1st.
Disclaimer: The Grey Market Premium (GMP) is subject to market fluctuations and may change. Investors are advised to conduct their research and consult with financial advisors before making any investment decisions.