Eleganz Interiors IPO
- IPO Date07 Feb, 2025 to 11 Feb, 2025
- Listing Date14 Feb, 2025
- Face Value₹10 per share
- Issue Price₹123 to ₹130 per share
- Lot Size1000 Shares
- Minimum Investment₹1,30,000
- Listing AtNSE SME
- Total Issue Size60,05,000 Shares
(aggregating up to ₹78.06 Cr) - Fresh Issue60,05,000 Shares
(aggregating up to ₹78.06 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,65,94,626
- Shareholding post issue2,25,99,626
IPO Dates
Closing Date
11 Feb, 2025
Initiation of Refunds
13 Feb, 2025
Listing Date
14 Feb, 2025
07 Feb, 2025
Opening Date
12 Feb, 2025
Basis of Allotment
13 Feb, 2025
Credit of Shares
Eleganz Interiors Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 2 | 2000 | ₹2,60,000 |
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 1000 | ₹1,30,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1000 | ₹1,30,000 |
Eleganz Interiors Promoter Holding
Sameer Akshay Pakvasa is the promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.94% | - |
Eleganz Interiors COMPANY INFORMATION
Eleganz Interiors IPO is a book built issue of Rs 78.07 crores. The issue is entirely a fresh issue of 60.05 lakh shares. Eleganz Interiors IPO opens for subscription on February 7, 2025 and closes on February 11, 2025. The allotment for the Eleganz Interiors IPO is expected to be finalized on Wednesday, February 12, 2025. Eleganz Interiors IPO will list on NSE SME with tentative listing date fixed as Friday, February 14, 2025. Eleganz Interiors IPO price band is set at ₹123 to ₹130 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,30,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,60,000. Vivro Financial Services Private Limited is the book running lead manager of the Eleganz Interiors IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Eleganz Interiors IPO is Rikhav Securities Limited. Refer to Eleganz Interiors IPO RHP for detailed information.
Incorporated in 1996, Eleganz Interiors Limited is engaged in the business of Interior solutions to Corporate, laboratories, airport lounge etc.
The company specializes in providing fit-out solutions for corporate and commercial spaces, including corporate offices, research and development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces.
The company bids for domestic tenders issued by large domestic and multinational corporations, project management consultants, and international property consultants for design and build (D&B) and general contracting (GC) services.
The company employs a team of qualified engineers, architects, designers, and project management professionals, supported by third-party consultants to ensure timely project completion, compliance, and quality standards.
Business Segment:
Design & Build services: The company offers end-to-end design and build services, including design, shop drawings, resource planning, execution, and post-project support.
General Contracting (“GC”) services: The company’s GC services include civil, mechanical, electrical work, and final refinements such as installation, finishes, inspection, and touch-ups.
The company has completed over 200 projects, totaling more than 45 lakh Sq Ft of development. As of December 31, 2024, the order book includes 47 ongoing projects across 12 cities.
As on December 30, 2024, the Company had 63 permanent employees and had engaged 380 persons on retainership basis.
Competitive Strengths:
- Experienced and qualified designing, engineering and execution team
- Proven track record of diversified service offerings encompassing a wide range of industries
- Adhering quality standards and sustainable development practices
- Strong footprint at key economic hubs in India
- In-house woodwork facility
- Experienced Promoter and senior management team
Eleganz Interiors IPO
IPO Overview and Key Highlights
Eleganz Interiors Limited, a Mumbai-based company specializing in interior solutions, is set to launch its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 60,05,000 equity shares with a face value of ₹10 per share. There is no Offer for Sale (OFS), making it a 100% fresh issue. The funds raised will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on the EMERGE Platform of NSE.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: 60,05,000 equity shares
- Face Value: ₹10 per share
- Price Band: To be determined
- Offer Opens: February 7, 2025
- Offer Closes: February 11, 2025
- Listing Exchange: NSE EMERGE
Company Overview
Eleganz Interiors Limited was originally incorporated as Eleganz Interiors Private Limited in 1996. It later converted to a public limited company in 2023. The company provides interior design and furnishing solutions and has established itself in both residential and commercial segments.
- Promoter: Sameer Akshay Pakvasa
- Headquarters: Mumbai, Maharashtra
- Corporate Identification Number (CIN): U74140MH1996PLC098965
Financial Overview
The financials of Eleganz Interiors indicate stable revenue growth. The company intends to utilize IPO proceeds to expand its operational capabilities, enhance production, and strengthen its market position.
Key Strengths of Eleganz Interiors
- Strong Market Presence: Over two decades of experience in the interior solutions sector.
- No OFS: The entire issue is a fresh issuance, ensuring all funds are directed toward company growth.
- Strategic Growth Plans: Plans to expand in domestic and international markets.
- Promoter Expertise: Led by experienced management with a strong understanding of the industry.
IPO Pros and Cons
Pros
✅ Growing Industry: The interior and furnishing sector is witnessing strong demand.
✅ Expansion Plans: Proceeds will be used for growth and expansion.
✅ Listing on NSE EMERGE: Offers better visibility and credibility.
Cons
❌ Market Dependency: Business is affected by real estate trends and economic cycles.
❌ Competitive Landscape: Faces competition from both organized and unorganized players.
❌ Raw Material Costs: Fluctuating material costs may impact profitability.
Risk Factors
Potential investors should consider the following risks before investing:
- Industry Volatility: Market fluctuations in real estate and interior demand may affect revenues.
- Operational Challenges: Maintaining quality while scaling operations can be challenging.
- Regulatory Compliance: Adherence to interior industry regulations and building codes is crucial.
Conclusion
The Eleganz Interiors IPO offers investors an opportunity to be part of a well-established interior solutions company with strong market presence. With no Offer for Sale, all funds raised will be utilized for business expansion, making it an attractive investment. However, factors such as market dependency and competition should be considered before making an investment decision.
FAQs About Eleganz Interiors Ipo
Eleganz Interiors IPO will open on 07 Feb, 2025 and close on 11 Feb, 2025. Investors must apply within this period to participate.
The Eleganz Interiors IPO price band is set between ₹123.00 and ₹130.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹130000.00.
The Eleganz Interiors IPO shares are expected to be listed on 14 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Eleganz Interiors IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Eleganz Interiors IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.