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Eleganz Interiors IPO is a book build issue of ₹78.07 crores. The issue is entirely a fresh issue of 0.60 crore shares of ₹78.07 crore.
Eleganz Interiors IPO bidding started from Feb 7, 2025 and ended on Feb 11, 2025. The allotment for Eleganz Interiors IPO was finalized on Feb 12, 2025. The shares got listed on NSE SME on Feb 14, 2025.
Eleganz Interiors IPO price band is set at ₹130.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,30,000 (1000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,60,000.
Vivro Financial Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Eleganz Interiors IPO RHP for detailed Information.
| IPO Date | February 7, 2025 to February 11, 2025 |
| Listing Date | February 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹123 to ₹130 per share |
| Issue Price Final | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 60,05,000 shares (aggregating up to ₹78.07 Cr) |
| Reserved for Market Maker | 3,01,000 shares Rikhav Securities Ltd. (aggregating up to ₹3.91 Cr) |
| Net Offered to Public | 57,04,000 shares (aggregating up to ₹74.15 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,65,94,626 shares |
| Share Holding Post Issue | 2,25,99,626 shares |
Eleganz Interiors IPO offers total 60,05,000 shares. Out of which 28,51,000 (47.48%) allocated to QIB, 11,41,000 (19.00%) allocated to QIB (Ex- Anchor), 8,56,000 (14.25%) allocated to NII, 19,97,000 (33.26%) allocated to RII and 17,10,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,01,000 (5.01%) |
| QIB Shares Offered | 28,51,000 (47.48%) |
| − Anchor Investor Shares Offered | 17,10,000 (28.48%) |
| − QIB (Ex. Anchor) Shares Offered | 11,41,000 (19.00%) |
| NII (HNI) Shares Offered | 8,56,000 (14.25%) |
| Retail Shares Offered | 19,97,000 (33.26%) |
| Total Shares Offered | 60,05,000 (100.00%) |
Eleganz Interiors IPO raises ₹22.23 crore from anchor investors. Eleganz Interiors IPO Anchor bid date is February 6, 2025. Eleganz Interiors IPO Anchor Investors list
| Bid Date | February 6, 2025 |
| Shares Offered | 17,10,000 |
| Anchor Portion Size (In Cr.) | 22.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 13, 2025 |
Eleganz Interiors IPO opens on February 7, 2025, and closes on February 11, 2025.
| IPO Open Date | Fri, Feb 7, 2025 |
| IPO Close Date | Tue, Feb 11, 2025 |
| Tentative Allotment | Wed, Feb 12, 2025 |
| Initiation of Refunds | Thu, Feb 13, 2025 |
| Credit of Shares to Demat | Thu, Feb 13, 2025 |
| Tentative Listing Date | Fri, Feb 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 11, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1996, Eleganz Interiors Limited is engaged in the business of Interior solutions to Corporate, laboratories, airport lounge etc.
The company specializes in providing fit-out solutions for corporate and commercial spaces, including corporate offices, research and development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces.
The company bids for domestic tenders issued by large domestic and multinational corporations, project management consultants, and international property consultants for design and build (D&B) and general contracting (GC) services.
The company employs a team of qualified engineers, architects, designers, and project management professionals, supported by third-party consultants to ensure timely project completion, compliance, and quality standards.
Business Segment:
Design & Build services: The company offers end-to-end design and build services, including design, shop drawings, resource planning, execution, and post-project support.
General Contracting (“GC”) services: The company’s GC services include civil, mechanical, electrical work, and final refinements such as installation, finishes, inspection, and touch-ups.
The company has completed over 200 projects, totaling more than 45 lakh Sq Ft of development. As of December 31, 2024, the order book includes 47 ongoing projects across 12 cities.
As on December 30, 2024, the Company had 63 permanent employees and had engaged 380 persons on retainership basis.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 233.99 | 172.12 | 116.19 | 103.03 |
| Total Income | 192.4 | 223.09 | 191.17 | 155.34 |
| Profit After Tax | 9.53 | 12.21 | 10.31 | 5.09 |
| Net Worth | 70.9 | 51.37 | 39.16 | 28.85 |
| Reserves and Surplus | 54.31 | 36.01 | 38.2 | 27.89 |
| Total Borrowing | 31.7 | 42.8 | 28.23 | 22.62 |
| Amount in ₹ Crore | ||||
The market capitalization of Eleganz Interiors IPO is ₹293.80 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 26.96% |
| ROCE | 24.23% |
| Debt/Equity | 0.83 |
| RoNW | 26.96% |
| PAT Margin | 5.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.36 | 8.44 |
| P/E (x) | 17.67 | 15.41 |
The Company intends to utilize the gross proceeds raised through the Issue for the following objects:
[Dilip Davda] The company enjoys virtual monopoly in providing D&B, GC related solutions and services. It marked steady growth in its top and bottom lines for the reported periods. Its order book stood at Rs. 435+ cr. as of December 31, 2024. It is poised for bright prospects ahead with its creamy clients are on expansion spree. It may attract fancy as first mover in the segment post listing. Based on its recent financial performance, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | February 14, 2025 |
| BSE Script Code | |
| NSE Symbol | ELGNZ |
| ISIN | INE0R9101015 |
| Final Issue Price | ₹130 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹122.00 |
| Low | ₹115.90 |
| High | ₹122.00 |
| Last Trade | ₹116.05 |
Eleganz Interiors Ltd.
Gala Nos. 1 – 7, Ground Floor, Sarita ‘B’,
Prabhat Industrial Estate, Western Express Highway
Dahisar (E)
Mumbai, Maharashtra, 400068
Phone: +91-22-28960081
Email: cs@eleganz.co.in
Website: http://www.eleganz.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Eleganz Interiors IPO is a SME IPO of 60,05,000 equity shares of the face value of ₹10 aggregating up to ₹78.07 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on February 7, 2025, and closes on February 11, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Eleganz Interiors IPO using UPI as a payment gateway. Zerodha customers can apply in Eleganz Interiors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Eleganz Interiors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Eleganz Interiors IPO opens on February 7, 2025 and closes on February 11, 2025.
Eleganz Interiors IPO lot size is 1000, and the minimum amount required for application is ₹1,30,000.
You can apply in Eleganz Interiors IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Eleganz Interiors IPO will be done on Wednesday, February 12, 2025, and the allotted shares will be credited to your demat account by Thursday, February 13, 2025. Check the Eleganz Interiors IPO allotment status.
The Eleganz Interiors IPO listing date is on Friday, February 14, 2025.
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