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Eleganz Interiors Ltd IPO

We are engaged in the business of providing interior fit-out solutions, dedicated towards crafting corporate & commercial spaces which includes corporate offices, research & development facilities, laboratories, amongst others. Our services are focussed towards creating captivating and functional spaces on a pan India level. We elevate the aesthetic and functional aspects of workspaces by delivering interior fit-out solutions. Our solutions range from bare shell to fully furnished commercial spaces. Our range of services include Design & Build services (D&B) and General Contracting (GC) services.

Eleganz Interiors Ltd IPO Details

Total Shares Offered

₹ 60,05,000

Offer to Public

TBA

Retail Max (Shares)

₹ 19,96,400

Pre Issue Promoters Holding

₹ 1,55,88,380

Exchange

NSE

Issue size

₹ 78.07 Cr

IPO Open Date

Feb 7, 2025

Close Date

Feb 11, 2025

Lot Size

1000

Min Investment

₹ 1,23,000

Issue Type

Book Building - SME

Listing Date

Feb 14, 2025

Eleganz Interiors Ltd IPO Dates

Feb 7, 2025

Opening date

Feb 11, 2025

Closing date

Feb 12, 2025

Basis of Allotment

Feb 13, 2025

Initiation of Refunds

Feb 13, 2025

Credit of Shares

Feb 14, 2025

Listing date

Details

Sector	Type
Sector	Miscellaneous
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	9.78x	2852000	27894000
NII	60.8x	855600	52022000
Retail	21.45x	1996400	42815000
Employee	0x	0	0
Total	20.44x	6005000	122731000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

9.78x

60.8x

21.45x

20.44x

2852000

855600

1996400

6005000

27894000

52022000

42815000

122731000

Eleganz Interiors Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	392.71	221.29	12.02
EBITDA	32.67	18.99	13.52
PAT	19.79	11.05	9.92
Total Assets	166.41	156.17	101.29
Share Capital	22.60	15.36	0.96
Total Borrowings	44.96	41.89	35.23
Operating Activities (Net Cash)	22.48	13.08	11.42
Investing Activities (Net Cash)	4.95	4.95	4.95
Financing Activities (Net Cash)	44.96	41.89	35.23
Net Cashflow	10.18	16.12	7.14

About Eleganz Interiors Ltd

Our Company was incorporated as Eleganz Interiors Private Limited as a Private Limited company in Mumbai under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated April 18, 1996, issued by the Registrar of Companies, Maharashtra, Mumbai. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at the Extra Ordinary General Meeting held on September 11, 2023, and the name of our Company was changed to Eleganz Interiors Limited. A fresh certificate of Incorporation consequent upon conversion from a Private Limited company to Public Limited company dated November 17, 2023, was issued by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U74140MH1996PLC098965.

The interior fit-out services segment within the construction space refers to the final stage of development, where the internal spaces of buildings are customized and equipped according to the client's requirements. This segment covers a wide range of activities, including space planning, electrical and mechanical installations, furnishing, and design elements, such as flooring, ceilings, and partitioning. The objective is to convert bare spaces, typically known as shell and core, into functional areas. In commercial real estate, interior fit-out services are vital for transforming offices, retail stores, and hospitality spaces into operational environments that meet the specific needs of businesses.

Peer Comparison:

No Listed Industry Peers

Eleganz Interiors Ltd Key Points

Strengths

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

Long term relationship with customers.

Experienced and qualified designing, engineering and execution team.

Professional and experienced management team.

Diverse domain expertise with effective project integration capabilities.

Risk

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.

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.

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.

Strategy

Increasing the size of projects and our pre- qualification to bid for larger projects.

Focusing on Client centric approach.

Expansion of our geographical footprint.

Continue to enhance our core strengths by attracting, retaining and training qualified personnels.

Efficient working capital management and increase financial efficiency.

How To Apply for Eleganz Interiors Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Eleganz Interiors Ltd IPO?

Eleganz Interiors Ltd's IPO offers shares for up to 78.07 It begins on Feb 7, 2025 and ends on Feb 11, 2025.

What is the price of the Eleganz Interiors Ltd IPO?

The price of Eleganz Interiors Ltd IPO ranges between ₹123 to ₹130 per share.

What are the open and close dates for the Eleganz Interiors Ltd IPO?

The Eleganz Interiors Ltd IPO opens on Feb 7, 2025 and closes on Feb 11, 2025.

When will the Eleganz Interiors Ltd IPO be allotted?

The allotment for the Eleganz Interiors Ltd IPO will be finalised on Feb 12, 2025. The shares will be listed on BSE and NSE on Feb 14, 2025.

What is the minimum lot size required for Eleganz Interiors Ltd IPO?

The minimum lot size for Eleganz Interiors Ltd IPO is 1000 shares, priced between ₹123 to ₹130 per share.

What is the GMP of Eleganz Interiors Ltd IPO?

The GMP (Grey Market Premium) of Eleganz Interiors Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Eleganz Interiors Ltd IPO?

To check the allotment status of Eleganz Interiors Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Eleganz Interiors Ltd IPO getting listed?

The Eleganz Interiors Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 7, 2025, and closes on Feb 11, 2025. The allotment is finalised on Feb 12, 2025.

How do you apply for the Eleganz Interiors Ltd IPO?

To apply for the Eleganz Interiors Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.