Interiors & More Ltd IPO

Interiors & More Limited was originally incorporated on July 30, 2012 as a Private Limited Company as Interiors & More Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai. Subsequently, pursuant to a Special Resolution of its Shareholders passed in the Extra-Ordinary General Meeting held on October 31, 2022, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to `Interiors & More Limited' and a Fresh Certificate of Incorporation consequent to Conversion was issued on January 06, 2023 by the Registrar of Companies, Mumbai. The Corporate Identification Number of the Company is U74120MH2012PLC233915.

India Artificial Flower Market registered a growth of 57.26% in value shipments in 2022 as compared to 2021 and an increase of 8.21% CAGR in 2022 over a period of 2017. In Artificial Flower Market India is becoming more competitive as the HHI index in 2022 was 8531 while in 2017 it was 9439. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Artificial Flower Market.

The Company is a manufacturer and trader of high-quality artificial flowers, plants and other decorative materials involving inhouse manufacturing, assembly of various parts into one finished goods and trading of the finished goods. It has been catering to businesses of all sizes for over a decade. The Company procure its raw material from domestic market as well as from international market. The company was incorporated in the year 2012, initially our company started with trading of artificial flowers, it uses to import the artificial flowers and use to sell it domestically. Slowly the company started to adapt the market and understand the need of the customers. Artificial flowers are mostly used in wedding, events, office decoration and home d'cor. An artificial flower look like a real flower but is not perishable in nature and hence it has widely been used in the Indian markets. After successfully dealing in artificial flowers the company added new products such as decorative items like Vases, Plants, Planters, Wedding Props, Lights, Furniture, Fabric, Chandeliers, Candles, Fragrance and much more. The innovative and constantly reviewing and thereby altered marketing strategies and adoption of various Marketing models have aid us not only in survival but also in growth of the Business. The Business is backed by the extensively qualified management and versatile staff.