Flair Writing IPO vs Gandhar Oil Refinery India IPO

Comparision between Flair Writing IPO and Gandhar Oil Refinery India IPO.

IPO Details

Flair Writing IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Gandhar Oil Refinery India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Flair Writing IPO	Gandhar Oil Refinery India IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Nuvama Wealth Management Limited Axis Capital Limited	ICICI Securities Limited Nuvama Wealth Management Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Flair Writing IPO is up to ₹593.00 Cr whereas the issue size of the Gandhar Oil Refinery India IPO is up to ₹500.69 Cr. The final issue price of Flair Writing IPO is ₹304.00 per share and of Gandhar Oil Refinery India IPO is ₹169.00 per share.

	Flair Writing IPO	Gandhar Oil Refinery India IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹288.00 per share	₹160.00 per share
Issue Price (Upper)	₹304.00 per share	₹169.00 per share
Issue Price (Final)	₹304.00 per share	₹169.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	49 shares	88 shares
Fresh Issue Size	96,05,263 shares	1,78,69,822 shares
Fresh Issue Size (Amount)	up to ₹292.00 Cr	up to ₹302.00 Cr
OFS Issue Size	99,01,315 shares	1,17,56,910 shares
OFS Issue Size (Amount)	up to ₹301.00 Cr	up to ₹198.69 Cr
Issue Size Total	1,95,06,578 shares	2,96,26,732 shares
Issue Size Total (Amount)	up to ₹593.00 Cr	up to ₹500.69 Cr

IPO Timetable

Flair Writing IPO opens on Nov 22, 2023, while Gandhar Oil Refinery India IPO opens on Nov 22, 2023. The closing date of Flair Writing IPO and Gandhar Oil Refinery India IPO is Nov 24, 2023, and Nov 24, 2023, respectively.

	Flair Writing IPO	Gandhar Oil Refinery India IPO
Anchor Bid Date	Nov 21, 2023	Nov 21, 2023
Issue Open	Nov 22, 2023	Nov 22, 2023
Issue Close	Nov 24, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Nov 29, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Nov 30, 2023	Nov 29, 2023
Credit of Share (Tentative)	Nov 30, 2023	Nov 29, 2023
Listing date (Tentative)	Dec 01, 2023	Nov 30, 2023
Anchor Lockin End date 1	Dec 29, 2023	Dec 28, 2023
Anchor Lockin End date 2	Feb 27, 2024	Feb 26, 2024

Financials

Flair Writing IPO P/E ratio is 23.36, as compared to Gandhar Oil Refinery India IPO P/E ratio of .

Flair Writing IPO

Gandhar Oil Refinery India IPO

Financial

Flair Writing Industries Limited Financial Information (Restated Consolidated)

Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	765.04	684.18	557.49	480.66
Revenue	248.50	954.29	587.64	310.87
Profit After Tax	32.14	118.10	55.15	0.99
Net Worth	470.16	437.99	319.86	264.65
Reserves and Surplus	423.46	391.29	296.50	241.31
Total Borrowing	126.67	115.59	126.33	130.31
Amount in ₹ Crore

Gandhar Oil Refinery (India) Limited Financial Information (Proforma Consolidated)

Gandhar Oil Refinery (India) Limited's revenue increased by 20.71% and profit after tax (PAT) rose by 15.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,795.57	1,613.44	1,318.21	1,097.70
Revenue	1,071.52	4,101.79	3,397.98	2,069.58
Profit After Tax	54.28	213.18	184.30	161.14
Net Worth	810.79	760.21	560.71	375.76
Reserves and Surplus	763.99	719.19	529.07	355.68
Total Borrowing	335.62	169.53	158.16	176.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.49%

87.50%

Promoter Shareholding (Post-Issue)

79.21%

64.63%

P/E Ratio

23.36

Market Cap

₹3204.00 Cr.

₹1654.00 Cr.

ROE

31.17%%

32.28%%

ROCE

31.24%%

41.19%%

Debt/Equity

0.26

0.22

EPS

₹12.33

₹23.77

RoNW

31.17%%

32.28%%

Shares Offered

In the Flair Writing IPO retail investors (RII) are offered 68,27,302 shares while in Gandhar Oil Refinery India IPO retail investors are offered 68,27,302 shares. Qualified institutional buyers (QIB) are offered 39,01,316 shares in Flair Writing IPO and 59,25,346 shares in Gandhar Oil Refinery India IPO.

	Flair Writing IPO	Gandhar Oil Refinery India IPO
Anchor Investor Reserveration	58,51,972 shares	88,88,018 shares
Market Maker Reserveration
QIB	39,01,316 shares	59,25,346 shares
NII	29,25,987 shares	44,44,010 shares
RII	68,27,302 shares	1,03,69,356 shares
Employee	0 shares	0 shares
Others
Total	1,36,54,605 shares	2,07,38,712 shares

Bids Received (Subscription)

Flair Writing IPO subscribed 49.28x in total, whereas Gandhar Oil Refinery India IPO subscribed 65.63x.

	Flair Writing IPO	Gandhar Oil Refinery India IPO
QIB (times)	122.02x	129.06x
NII (times)	35.23x	64.34x
Big NII (times)	36.53x	61.93x
Small NII (times)	32.61x	69.17x
RII (times)	13.73x	29.93x
Employee (times)
Other (times)
Total (times)	49.28x	65.63x

Compare with others

Flair Writing IPO	Gandhar Oil Refinery India IPO
Mukka Proteins IPO	DOMS IPO
Happy Forgings IPO	Allied Blenders IPO
Muthoot Microfin IPO	Flair Writing IPO
DOMS IPO	IREDA IPO
Allied Blenders IPO	Fedbank Financial Services IPO
IREDA IPO	ASK Automotive IPO
Fedbank Financial Services IPO	ESAF Small Finance Bank IPO
Gandhar Oil Refinery India IPO	Cello World Limited IPO
ASK Automotive IPO	Mamaearth IPO
ESAF Small Finance Bank IPO	Blue Jet Healthcare IPO

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