Eleganz Interiors IPO opens for subscription on February 7, 2025 and closes on February 11, 2025. The ₹78.07 crore issue is entirely a fresh issue of 60.05 lakh shares. The allotment is expected to be finalized on February 12, 2025. Incorporated in 1996, Eleganz Interiors Limited specialises in providing interior fit-out solutions for corporate offices, research facilities, laboratories, airport lounges, flexible workspaces, and retail spaces. With over 25 years of experience, the company has established itself as a leading provider of customized interior solutions catering to a diverse clientele. In this blog, we’ll uncover all the Eleganz Interiors IPO details, financial performance, peer analysis, and risk factors.
Eleganz Interiors IPO Important Dates
The key pointers for the Eleganz Interiors IPO dates are:
- Bidding Opening Date: February 7, 2025
- Bidding Closing Date: February 11, 2025
- Basis of Allotment Date: February 12, 2025
- Initiation of Refunds (in case of less or no allotment): February 13, 2025
- Shares Credited to Your Demat Account: February 13, 2025
- IPO Listing Date: February 14, 2025
- Listing on Exchange: NSE SME
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Eleganz Interiors Limited IPO Issue Size
Eleganz Interiors IPO valuation is set at around ₹78 crores with just a fresh issue component.
Here are the important Eleganz Interiors IPO details:
- Price Band: ₹123 – ₹130 per share
- Face Value: ₹10 per share
- Eleganz Interiors IPO Lot Size: 1000 Shares
- Issue Size and Amount: 60,05,000 shares (aggregating up to ₹78.07 Cr)
- Fresh Issue Size and Amount: 60,05,000 shares (aggregating up to ₹ 78.07 Cr)
Eleganz Interiors IPO Proceeds Usage
Eleganz Interiors IPO proceeds will be used for the following purposes:
- A portion of the IPO proceeds will be used to repay outstanding loans, either fully or partially, to reduce interest burdens and improve the company’s financial health.
- The funds will help manage day-to-day operational expenses, ensure smooth business operations, procure materials in a timely manner, and meet short-term financial obligations.
- A part of the proceeds will be allocated for strategic growth initiatives, administrative expenses, brand enhancement, technology upgrades, and potential business expansion to strengthen the company’s market position.
Eleganz Interiors IPO Reservations
Eleganz Interiors IPO reservations to different investors are:
- For QIBs: Not more than 50% of the offer
- For NIIs: Not less than 15% of the offer
- For Retail Investors: Not less than 35% of the offer
Eleganz Interiors IPO Lot Size
Eleganz Interiors IPO lot size is 1000 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Eleganz Interiors IPO Details: Promoter Holding
The current promoter of Eleganz Interiors Limited is Sameer Akshay Pakvasa and the pre-IPO shareholding in the company is 93.94%.
Eleganz Interiors IPO: Company Overview
Established in 1996, Eleganz Interiors is a leading provider of customised interior design and execution services for corporate offices, laboratories, airports, workspaces, and retail establishments across India. With an experienced team of over 63 employees and 380 external consultants, the company offers end-to-end interior design, engineering, and project management services.
Eleganz has successfully executed over 200 projects, totalling over 45 lakh square feet. As of December 2024, the company has 47 ongoing projects across 12 major cities. Eleganz stands out for its in-house design capabilities coupled with strong execution expertise across civil, mechanical, electrical, woodwork, and finishing services. This allows the company to deliver high-quality, sustainable solutions on time while meeting stringent quality standards.
Backed by its 25+ years of domain experience and growing project pipeline, Eleganz is well-positioned to tap opportunities in India’s expanding commercial real estate sector. The company aims to drive the next phase of growth by augmenting its execution capabilities and expanding its geographical footprint across the country’s key economic centres.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
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Eleganz Interiors Limited IPO: Financial Performance
Eleganz Interiors Limited key financials for different periods are as follows:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | % Change
(FY24 – FY23) |
|---|---|---|---|---|
| Assets | 233.99 | 172.12 | 116.19 | 48% |
| Revenue | 192.4 | 223.09 | 191.17 | 17% |
| Profit After Tax | 9.53 | 12.21 | 10.31 | 18% |
| Net Worth | 70.9 | 51.37 | 39.16 | 31% |
| Reserves and Surplus | 54.31 | 36.01 | 38.2 | -6% |
| Total Borrowing | 31.7 | 42.8 | 28.23 | 52% |
*(Amount in ₹ crores)
Eleganz Interiors IPO Risk Factors
The company is exposed to various risk factors which can eventually affect the business and investor’s perception:
- Eleganz Interiors derives a major portion of its revenue from existing corporate clients. Any decline in repeat customers can impact operations and cash flows. Further, the company depends on third-party vendors for transportation, logistics and certain manufacturing activities. Subpar performance by these vendors can disrupt operations and dent profitability.
- Raw material expenses, especially those related to wood, glass, and fabrics, account for a large share of operating costs. Pricing volatility and supply chain disruptions related to these inputs may adversely affect financial performance.
- Additionally, while Eleganz has a geographically diversified project portfolio, Maharashtra, Karnataka, and Tamil Nadu still account for a significant number of ongoing projects. Changes in regional policies and regulations can pose risks to business stability.
- Finally, the company relies considerably on highly competitive tenders and e-auctions for new contracts. Failure to qualify or win bids can impede revenue growth and sustainability.
- By managing client concentrations, vendor relationships, input costs, geographical exposures and bidding effectiveness, Eleganz aims to mitigate key business risks.
Eleganz Interiors IPO Details: Contact Information
For inquiries related to the Eleganz Interiors IPO details, you can contact at the following places:
- Registered Office Address: Eleganz Interiors Limited, Gala Nos. 1 – 7, Ground Floor, Sarita ‘B’, Prabhat Industrial Estate, Western Express Highway, Dahisar (E), Mumbai – 400 068
- Phone: +91-22-28960081
- Email: cs@eleganz.co.in
- Website: http://www.eleganz.co.in/
Eleganz Interiors IPO Registrar Details: Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
For all the insights on Eleganz Interiors IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this upcoming IPO easily on the SMC ACE App by opening demat account now.
Frequently Asked Questions – FAQs
1. What is Eleganz Interiors IPO Investors Portion?
The Eleganz Interiors IPO investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
2. What is the price band of Eleganz Interiors IPO?
The price band of Eleganz Interiors IPO is ₹123 to ₹130.
3. When will Eleganz Interiors IPO will open?
It will open on February 7, 2025 and closes on February 11, 2025.
4. What is Eleganz Interiors IPO Lot Size?
The Eleganz Interiors IPO’s minimum bid is 1000 Shares.
Author: All Content is verified by SMC Global Securities.
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