Eleganz Interiors IPO subscribed overall 30.65 times on the last day, while A retail quota was subscribed 21.44 times, QIB subscribed 24.45 and NII quota subscribed 60.42 times respectively.
Details About Eleganz Interiors
Eleganz Interiors got approval from SEBI for an IPO of ₹78.06 crores via IPO fully a fresh issue of ₹78.06 crores to raise funds and maintain financial stability. The face value of each share was Rs 10.
Moreover, the company has set up a price band between ₹123 to ₹130 per share. In this IPO, a total of 1000 shares were available in 1 lot size for the minimum Retail category and maximum retail category. while S-HNI (Min) total of 2000 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,30,000 and maximum investment.
- Small HNI (S-HNI): Minimum investment of ₹2,60,000
Subscription duration of Eleganz Interiors
Eleganz Interiors IPO was opened for subscription on February 7, 2025, and was closed for subscription on February 11, 2025.
The Allotment status of Eleganz Interiors was finalized on February 12, 2025, whereas the IPO listing is to be announced on February 14, 2025.
Funds Deployment of This Company
The company plans to use the money raised from the new shares for the following purposes:
Some of the funds would be used for the repayment of the loan as outstanding borrowing taken by a company.
Some of the funds will be allocated for working capital and, after that rest of the funds will be utilized for a general corporation.
About Eleganz Interiors IPO
Eleganz Interiors was founded on April 18, 1996. It specializes in providing interior fit-out solutions for various spaces, including corporate offices, research and development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces.
Eleganz Interiors is committed to providing interior fit-out solutions and focuses on creating attractive and functional spaces across India. The company offers services from bare shells to fully furnished areas, their services include Design & Build services (“D&B”) and General Contracting (“GC”) services.
Under its Design & Build Services, the company offers a range of services, including project design, creation of shop drawings, resource planning and material procurement, project execution, final walkthrough, and handover, as well as post-project support. Whereas in GC, they cover solutions that include civil and interior works such as plumbing, plastering, painting, carpentry, and polishing, mechanical works, electrical works, including HVAC, and final project refinements. As of September 30, 2024, Eleganz Interiors has completed over 200 projects.
Eleganz Interiors IPO Financial Background
Eleganz Interiors company has a revenue apportion of ₹223.09 crores in 2024 in comparison to ₹191.17 crores in 2023. Moreover, a profit of ₹12.21 crores in 2024 against a profit of ₹10.31 crores in 2023.
