Pen maker Flair files for IPO, plans to raise â¹450 crore
Pen manufacturer Flair Writing Industries has filed its draft papers with market regulator SEBI to raise funds through an Initial Public Offering (IPO). Flair will issue fresh shares worth â¹330 crore besides a secondary market sale of shares worth â¹120 crore by the promoters. The IPO could make the Mumbai-based firm India's highest-valued non-paper listed stationery company.