Eleganz Interiors was established on April 18, 1996. The company provides interior fit-out solutions for corporate offices, R&D facilities, laboratories, airport lounges, flexible workspaces, and retail spaces across India, focusing on creating functional and aesthetically pleasing environments
| Bidding Dates |
|---|
| 07 Feb 2025 - 11 Feb 2025 |
| Subscription |
|---|
| 28.58x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,000 | 1 | 1 | 1000 | 6.0 M | ₹123 - ₹130 | 68.98 % | ₹738.6 M - ₹780.6 M | RHP DOC |
Eleganz Interiors IPO SUBSCRIPTION STATUS
11 Feb '25Eleganz Interiors IPO overall subscription rate was 28.58 times the total available shares
Eleganz Interiors IPO retail subscription rate was 28.48 times in the retail segment
Eleganz Interiors IPO non-institutional investor subscription rate was 80.75 times in the non-institutional investor category
Eleganz Interiors IPO Qualified Institutional Bidder subscription rate was 12.99 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
11 Feb 2025 (Day 3) | 28.48x | 80.75x | 12.99x |
10 Feb 2025 (Day 2) | 11.05x | 5.83x | 1.31x |
07 Feb 2025 (Day 1) | 2.64x | 1.76x | 0.05x |
Eleganz Interiors FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 95.3 | 1921.0 | 222.5 | 188.3 | 8.2% |
| FY24 | 122.1 | 2212.9 | -36.5 | -59.6 | 9.0% |
| FY23 | 103.1 | 1902.6 | 13.5 | -14.5 | 7.0% |
| FY22 | 50.9 | 1538.3 | -57.8 | -60.3 | 4.4% |
Eleganz Interiors IPO SUBSCRIPTION STATUS DETAILS
Eleganz Interiors had 6.0 M shares on offer
Eleganz Interiors IPO offer price was in the range ₹123 - ₹130
Eleganz Interiors IPO minimum Investment was ₹123000
Eleganz Interiors IPO issue size was ₹ 738.6 M - ₹ 780.6 M
Eleganz Interiors had a minimum lot size of 1000 Shares per application
Eleganz Interiors NUMBER OF SHARES ON OFFER
Eleganz Interiors IPO IMPORTANT DATES
| Issue Open Date | 07 Feb 2025 |
| Issue close Date | 11 Feb 2025 |
| Allotment Date | 12 Feb 2025 |
| Refund Date | 13 Feb 2025 |
| Demat Account Credit Date | 13 Feb 2025 |
| Listing Date | 14 Feb 2025 |
| Listing on Exchange(s) | NSE |
| Eleganz Interiors Allotment Status | Exchange |
Eleganz Interiors IPO subscription opened on 07 Feb 2025, and closed on 11 Feb 2025
IPO allotment for Eleganz Interiors was finalized on Wednesday, 12 Feb 2025
IPO listing for Eleganz Interiors was on NSE on Friday, 14 Feb 2025
Eleganz Interiors IPO LISTING GAINS
| Issue Price (adjusted) | 130.0 |
| Listing Open Price | 122.0 |
| Listing Close Price | 116.0 |
| Listing Gain% | -6.2% |
| Current Gain% | -25.7% |
Eleganz Interiors Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Eleganz Interiors Ltd. | 96.6 | 218.2 | 9.9 | 1.5 | 0.5 | 12.7 | 6.6 | 405.1 | 2.6 | 22.1 | 6.8 | 9.8 | 6.8 |
| Sheela Foam Ltd. | 677.4 | 7397.4 | 34.5 | 0.1 | 1.8 | 4.9 | 3.1 | 3875.1 | 8.5 | 159.6 | 66.1 | 19.6 | 273.1 |
| Greenlam Industries Ltd. | 273.7 | 6983.4 | 75.1 | 0.4 | 2.2 | 4.8 | 1.9 | 3054.3 | 18.4 | 56.3 | -19.3 | 3.6 | 172.9 |
| Responsive Industries Ltd. | 169.4 | 4517.4 | 30.4 | -1.2 | 3.2 | 9.5 | 8 | 1404.2 | -1.6 | 148.4 | -25.4 | 5.6 | -25.4 |
| Wakefit Innovations Ltd. | 127.8 | 4233.1 | 21.9 | 2.7 | 16.7 | 10.8 | 1534.4 | 17.5 | 189.2 | 640.4 | 5.8 | ||
| Euro Pratik Sales Ltd. | 314.1 | 3210.1 | 41.6 | 85.9 | 9.6 | 24.9 | 19.4 | 343 | 17.7 | 77.1 | 0.5 | 7.5 | 0.5 |
Eleganz Interiors INFORMATION ON IPO ISSUE
About Eleganz Interiors
Eleganz Interiors was established on April 18, 1996. The company provides interior fit-out solutions for corporate offices, R&D facilities, laboratories, airport lounges, flexible workspaces, and retail spaces across India, focusing on creating functional and aesthetically pleasing environments
Object of the Issue
- Repayment, in full or in part, of certain borrowings availed by the company
- To meet working capital requirements
- General corporate purposes
Eleganz Interiors - PROMOTERS
| Name |
|---|
| Sameer Akshay Pakvasa |
Eleganz Interiors Lead Manager of the Issue
Vivro Financial Services Private Limited
investors@vivro.net
Eleganz Interiors Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Eleganz Interiors Strengths
Pan India presence
The company operates in major economic and financial centers across India, including Mumbai, Bengaluru, Hyderabad, Pune, NCR, Chennai, Ahmedabad, and Bhopal. With a manufacturing facility in Mumbai and warehouses in Mumbai, Pune, and Bengaluru, the company has successfully executed projects in tier-2 cities such as Indore, Bhopal, Vadodara, Tirupati, Udaipur, and Goa
In-house woodwork facility
The company has a dedicated woodwork factory in Mumbai for internal use, ensuring controlled and optimized supply of fit-outs for projects. This enhances efficiency, precision, and ensures high-quality woodwork that meets client specifications
Diversified order book
As of December 31, 2024, the company is executing 47 projects with a total value of Rs 70,589.66 lakh, including large projects worth Rs 15,972.15 lakh under Design & Build and Rs 18,808.45 lakh under General Contracting. Diversifying the order book across clients, projects, and industries helps mitigate risks and reduce vulnerability to market-specific challenges
Eleganz Interiors Risks
Depend on limited clients
The company derives a significant portion of its revenues from a limited number of clients, and the loss of any key clients could negatively impact its business, financial condition, operations, and future prospects
Labour intensive
The company is heavily reliant on both skilled and unskilled labor for project execution and manufacturing operations. Any disruption in labor supply or inability to control labor costs could negatively impact its business, operations, financial condition, and cash flows
Depend on bank guarantees
The company is required to provide advance, retention, and performance bank guarantees to clients. Any default could lead to the invocation of these guarantees, claims, and payment of liquidated damages, negatively impacting the business, operations, and financial condition
IPO FAQs
The promoter of the company is Sameer Akshay Pakvasa.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 123.0 - 130.0.
The IPO application opens on Feb 07, 2025 and closes on Feb 11, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 123,000.0, the maximum value for this IPO is Rs 130,000.0.
This IPO will be allotted on Feb 12, 2025.
The refund will be credited to your account on Feb 13, 2025.
The allotted shares will be credited to your demat on Feb 13, 2025.
Eleganz Interiors Ltd.’s shares listed on the stock exchanges on Feb 14, 2025.