Nuvama Investment Banking acted as the Left Lead Book Running Lead Manager to the INR 6,860 mn IPO of Flair Pens Limited

Initial Public Offering

Service

December 2023

Date

Consumer

Sector

INR 6860 MN

Deal Value

Nuvama Investment Banking acted as the Left Lead Book Running Lead Manager to the INR 6,860 mn IPO of Flair Pens Limited

Deal Details

  • First Pure Play Writing Instruments IPO in the last 2 decades
  • Flair successfully completed Pre-IPO placements# to marquee Domestic Long Only Investorsat the IPO Price
  • Deal saw strong participation across investor categories garnering more than INR 20,000 crs
    • QIB^ – ~122x, HNI – ~35x, Retail – ~13x

Contribution

  • As the left-lead banker, hand-held the Company in end-to-end execution, swift regulatory approvals, thereby ensuring timely launch
  • Nuvama played a central role in the IPO by bringing key cornerstone investors completely driving the momentum of the issue
  • Garnered participation from a diverse investor set including LO FIIs, Mutual Funds and marquee DII investors
  • Pushed the story aggressively through our distribution channel to garner strong interest in HNI & Retail category resulting in 15 lakh+ applications