Interiors and More Limited IPO
- IPO Date15 Feb, 2024 to 20 Feb, 2024
- Listing Date23 Feb, 2024
- Face Value₹10 per share
- Issue Price₹216 to ₹227 per share
- Lot Size600 Shares
- Minimum Investment₹1,36,200
- Listing AtNSE SME
- Total Issue Size18,50,400 Shares
(aggregating up to ₹42.00 Cr) - Fresh Issue18,50,400 Shares
(aggregating up to ₹42.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue51,45,000
- Shareholding post issue69,95,400
IPO Dates
Closing Date
20 Feb, 2024
Initiation of Refunds
22 Feb, 2024
Listing Date
23 Feb, 2024
15 Feb, 2024
Opening Date
21 Feb, 2024
Basis of Allotment
22 Feb, 2024
Credit of Shares
Interiors and More Limited Lot Size
Investors can bid for a minimum of 600 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 |
|---|---|---|---|
| HNI (Min) | 2 | 1200 | ₹2,72,400 |
| Retail (Max) | 1 | 600 | ₹1,36,200 |
| Retail (Min) | 1 | 600 | ₹1,36,200 |
Interiors and More Limited Promoter Holding
The promoters of the company being Mr. Manish Mohan Tibrewal, Mr. Rahul Jhunjhunwala, Ms. Ekta Tibrewal, Ms. Puja Jhunjhunwala and Ms. Reena Jhunjhunwala
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 95.08% | 69.93% |
Interiors and More Limited COMPANY INFORMATION
Interiors and More IPO is a book built issue of Rs 42.00 crores. The issue is entirely a fresh issue of 18.5 lakh shares. Interiors and More IPO bidding started from February 15, 2024 and ended on February 20, 2024. The allotment for Interiors and More IPO was finalized on Wednesday, February 21, 2024. The shares got listed on NSE SME on February 23, 2024. Interiors and More IPO price band is set at ₹216 to ₹227 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹136,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹272,400. Gretex Corporate Services Limited is the book running lead manager of the Interiors and More IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Interiors and More IPO is Gretex Share Broking. Refer to Interiors and More IPO RHP for detailed information.
Incorporated in June 2012, Interiors & More Limited trades, imports, and sells artificial flowers. The company manufactures and trades quality artificial flowers, plants, and decor items for homes and offices.
The manufacturing facility, which is fully furnished with all the necessary tools for production, test equipment for quality control, and additional handling supplies to enable efficient assembly and simple logistics, is located in Gujarat.
The company has expanded to various locations over the years, including Mumbai and Delhi, with the factory operating from Umbergaon.
The company has two well-equipped manufacturing units. One is located in Umargam, Gujarat and measures 57,000 Sq. ft. The other unit is situated in Umbergaon, Gujarat and measures 7,000 Sq. ft. Both units have computer systems, internet connectivity, communication equipment, security, and other necessary facilities for its business operations to function smoothly.
The company offers various products, including artificial flowers such as Roses, Yellow Marigolds, Green Grass in Mats, green Leaves, carnations, Hydrangea, and Hanging orchids. In addition, the company trades in Fountains, battery-operated Candles, Chandeliers, vases made of Wood and Glass, artificial trees, Furniture, and Tables.
Interiors & More Limited curates exhibitions across India.
As of December 31, 2023, the company has 93 permanent employees.
The company's main corporate office is located in Fort, Mumbai. Here, the company manages all its administrative and reporting needs and factory support.
FAQs About Interiors And More Limited Ipo
Interiors and More Limited IPO will open on 15 Feb, 2024 and close on 20 Feb, 2024. Investors must apply within this period to participate.
The Interiors and More Limited IPO price band is set between ₹216.00 and ₹227.00 per share. The minimum lot size is 600, requiring an investment of at least ₹136200.00.
The Interiors and More Limited IPO shares are expected to be listed on 23 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Interiors and More Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Interiors and More Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.