SME · NSESubscribed: 30.73×GMP ₹5
Eleganz Interiors Limited

Eleganz Interiors Limited

Eleganz Interiors Limited(ELGNZ)

Total Shares

60,05,000

Issue Size

₹78.06 Cr

Price Band

123 – ₹130

Lot Size

1000 shares

Min. Investment

1,30,000

Max. Investment

1,30,000

Open Date

07 Feb, 2025

Close Date

11 Feb, 2025

Allotment

12 Feb, 2025

Listing

14 Feb, 2025

Announced

07 Feb, 2025

Opening Date

07 Feb, 2025

Closing Date

11 Feb, 2025

Basis of Allotment

12 Feb, 2025

Initiation of Refunds

13 Feb, 2025

Credit of Shares

13 Feb, 2025

Listing Date

14 Feb, 2025

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About Eleganz Interiors Limited IPO

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, pro

Eleganz Interiors Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue60,05,000 shares₹78.06 Cr
Fresh Issue60,05,000 shares₹78.06 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue1,65,94,626
Post-Issue2,25,99,626

Dilution: 36.2% increase in shares

Eleganz Interiors Limited IPO Financials Health

Eleganz Interiors Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum110001,30,000
Retail Maximum110001,30,000
HNI Minimum220002,60,000

(All values in CR)

Eleganz Interiors Limited IPO Valuation

MetricValue
DEBT/EQUITY0.83
EPS Post IPO8.44
EPS Pre IPO7.36
P/E Post IPO15.41
P/E Pre IPO17.67
PAT MARGIN5.52
ROCE24.23%
ROE26.96%
RONW26.96%

(All values in CR)

Strength & Risk of Eleganz Interiors Limited IPO

+Strengths

1. Proven track record of diversified service offerings encompassing a wide range of industries.

2. Long term relationship with customers.

3. Experienced and qualified designing, engineering and execution team.

4. Professional and experienced management team.

5. Diverse domain expertise with effective project integration capabilities.

6. Strong footprint at key economic hubs in India.

7. Strong and diversified Order Book.

!Risks

1. The number of orders the company has received in the past, its current Order Book and the company growth rate may not be indicative of the number of orders the company will receive in the future. Any delays in execution of its orders expose the company to time and cost overruns and variability in revenue, materiality and adversely impacting its revenue from operations, cash flows, financial condition and cash flows.

2. The Company's derive a significant portion of its revenues from repeat clients. Any loss of, or a significant reduction in the number of repeat clients could adversely affect the company business, results of operations, financial conditions and cash flows.

3. The Company's derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospects.

4. The Company is significantly dependent on both skilled and unskilled labour for the execution of its projects and for its Manufacturing Facility. Any disruption to the supply of such labour, or its inability to control the composition and cost of its contract labor could adversely affect the company business, results of operations, financial condition and cash flows.

5. The Company depends on skilled talent across various functions to successfully execute projects and meet client standards. Any inability to retain or attract such qualified personnel could negatively affect its business operations.

6. The Company outsource certain operations of its business, such as transport, logistics and certain manufacturing activities, to third parties. Any failures by such third parties to deliver their services could have an adverse impact on its business, results of operations, financial condition and cash flows.

7. The Company's business and profitability are dependent upon the availability and the cost of its fit-out materials used in the projects and raw materials consumed in manufacturing process. Any disruption to the timely and adequate supply of such materials, or volatility in the prices of such materials may adversely impact on its business, results of operations, financial condition and cash flows.

8. Some of its historical corporate records are not traceable.

9. The company depends on third party suppliers for a steady supply of both, finished products for installation at project site and raw materials for manufacturing furniture items. The company does not have continuing or exclusive arrangements with any of its suppliers. Loss of suppliers or any failure by the company suppliers to make timely delivery of raw materials may have an adverse effect on its business, results of operations, financial condition and cash flows.

10. While the company has a diversified geographical presence, its projects have historically been concentrated in the state of Maharashtra and any changes affecting the policies, laws and regulations or the political and economic environment in the region may adversely impact its business, financial condition and results of operations.

Eleganz Interiors Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0017,10,00017,10,00022.23
HNI60.778,56,0005,20,22,000676.29
Market Maker1.003,01,0003,01,0003.91
QIB24.4511,41,0002,78,94,000362.62
Retail21.4419,97,0004,28,15,000556.6
Total30.7339,94,00012,27,31,0001

Eleganz Interiors Limited IPO GMP

00.0%

Last updated 31 Jan, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
31 Jan, 2025130₹0--₹130 (0.00%)-31 Jan, 2025
01 Feb, 2025130₹0--₹130 (0.00%)-01 Feb, 2025
02 Feb, 2025130₹0--₹130 (0.00%)-02 Feb, 2025
03 Feb, 2025130₹4030400₹170 (30.77%)-03 Feb, 2025
04 Feb, 2025130₹4735700₹177 (36.15%)-04 Feb, 2025
05 Feb, 2025130₹3526600₹165 (26.92%)-05 Feb, 2025
06 Feb, 2025130₹3526600₹165 (26.92%)-06 Feb, 2025
07 Feb, 2025130₹3526600₹165 (26.92%)-07 Feb, 2025
10 Feb, 2025130₹2116000₹151 (16.15%)-10 Feb, 2025
11 Feb, 2025130₹107600₹140 (7.69%)-11 Feb, 2025
12 Feb, 2025130₹107600₹140 (7.69%)-12 Feb, 2025
13 Feb, 2025130₹53800₹135 (3.85%)-13 Feb, 2025

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

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2

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3

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4

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5

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