The initial share sale of Eleganz Interiors Ltd. opened on Feb. 7. The company aims to raise Rs 78.07 crore. Eleganz Interiors is an interior design and fit-out company offering design-and-build services and general contracting. Investors interested in the Eleganz Interiors IPO can check these details before subscribing to the issue.
Eleganz Interiors IPO: Key Details
The Eleganz Interiors IPO will remain open for bidding between Feb. 7 and Feb. 11. Share allotment for the entirely fresh issue of 60.05 lakh shares will be done on Feb. 12. The total offer size of Eleganz Interiors IPO is valued at Rs 78.07 crore at the upper price band.
Shares of Eleganz Interiors Ltd. will be credited to the demat accounts of successful bidders on Feb. 13 along with refunds for non-allottees on the same day.
Shares of Eleganz Interiors are likely to list on Feb. 14 on the NSE SME platform Emerge.
The company has reserved 50% of the net issue for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
The Eleganz Interiors IPO price band has been fixed at Rs 123 to Rs 130 per share. Retail investors have to buy at least 1,000 shares in one lot, taking the minimum investment to Rs 1.3 lakh.
Bigshare Services Pvt. is the registrar for the Eleganz Interiors IPO, while Vivro Financial Services Pvt. is the sole book-running lead manager of the issue. Rikhav Securities Ltd. is its market maker for Eleganz Interiors IPO.
Eleganz Interiors IPO Subscription Status: Day 1
*The subscription status will be updated soon
Eleganz Interiors IPO GMP Today
Eleganz Interiors IPO GMP (grey market premium) was Rs 35 as of 8:30 a.m. on Feb. 7, hinting at a possible listing gain of 26.92% over the issue price, according to InvestorGain. If the current trends are sustained, shares of the company are likely to list at Rs 165 apiece.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Eleganz Interiors IPO: Business And Financials
Eleganz Interiors Ltd. offers fit-out solutions for corporate and commercial spaces such as corporate offices, research and development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces.
Use Of Proceeds
Eleganz Interiors Ltd. has proposed to use the proceeds from the IPO to part-repay or prepay its debts and meet working capital needs. A portion of the proceeds will also be used for general corporate purposes.
Financials
Eleganz Interiors Ltd. reported a revenue of Rs 192.4 crore and a net profit of Rs 9.53 crore in the period ending Sept. 30, 2024. In FY24, its revenue stood at Rs 223.09 crore up from Rs 191.17 crore in the previous year. Net profit rose to Rs 12.21 crore in FY24 in comparison to Rs 10.31 crore in FY23.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
. Read more on IPOs by NDTV Profit.Eleganz Interiors IPO GMP (grey market premium) was Rs 35 as of 8:30 a.m. on Feb. 7, hinting at a possible listing gain of 26.92% over the issue price, according to InvestorGain. Read MoreIPOs
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