Bookbuilding IPO | ₹78 Cr | Listed at NSE SME | Fri, Feb 7, 2025 - Tue, Feb 11, 2025
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 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 for investment in 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 Open
Fri, Feb 7, 2025
IPO Close
Tue, Feb 11, 2025
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹293.80 Cr
| IPO Date | 7 to 11 Feb, 2025 |
| Listed on | Fri, Feb 14, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 60,05,000 shares (agg. up to ₹78 Cr) |
| Reserved for Market Maker | 3,01,000 shares Rikhav Securities Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 57,04,000 shares (agg. up to ₹74 Cr) |
| Net Offered to Public | 57,04,000 shares (agg. up to ₹74 Cr) |
| Share Holding Pre Issue | 1,65,94,626 shares |
| Share Holding Post Issue | 2,25,99,626 shares |
| NSE Symbol | ELGNZ |
| ISIN | INE0R9101015 |
Eleganz Interiors IPO comprises a total issue size of 60,05,000 shares. The net offer to the public is 57,04,000 shares, after excluding 3,01,000 shares allotted on a firm basis. Of the Net offer 28,51,000 (49.98%) are allocated to QIB, 8,56,000 (15.01%) allocated to NII 19,97,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,51,000 | 49.98% | 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 | 15.01% | 14.25% |
| Retail Shares Offered | 19,97,000 | 35.01% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,01,000 | 5.01% | |
| Total Shares Offered | 60,05,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
Eleganz Interiors IPO raises ₹22.23 crore from anchor investors. Eleganz Interiors IPO Anchor bid date is February 6, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Feb 6, 2025 |
| Shares Offered | 17,10,000 |
| Anchor Portion (₹ Cr.) | 22.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Mar 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, May 13, 2025 |
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 | 192.40 | 223.09 | 191.17 | 155.34 |
| Profit After Tax | 9.53 | 12.21 | 10.31 | 5.09 |
| NET Worth | 70.90 | 51.37 | 39.16 | 28.85 |
| Reserves and Surplus | 54.31 | 36.01 | 38.20 | 27.89 |
| Total Borrowing | 31.70 | 42.80 | 28.23 | 22.62 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of a portion of certain outstanding borrowings availed by our Company | 25.00 |
| 2 | Utilization towards working capital requirements of our Company | 30.00 |
| 3 | General Corporate Purposes | 15.35 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 26.96% |
| ROCE | 24.23% |
| Debt/Equity | 0.83 |
| RoNW | 26.96% |
| PAT Margin | 5.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.36 | 8.44 |
| P/E (x) | 17.67 | 15.41 |
| Promoter Holding | 93.94% | 68.98% |
| Market Cap | ₹293.80 Cr. |
The Eleganz Interiors IPO is subscribed 30.65 times on February 11, 2025 6:19:59 PM (Day 3). The public issue subscribed 21.44 times in the retail category, 24.45 times in the QIB category, and 60.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 24.45 | 11,41,000 | 2,78,94,000 | 29 |
| NII* | 60.42 | 8,56,000 | 5,17,21,000 | 3,485 |
| Retail | 21.44 | 19,97,000 | 4,28,15,000 | 42,815 |
| Total | 30.65 | 39,94,000 | 12,24,30,000 | 46,329 |
Total Application : 46,329
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM and commission (including selling commission, brokerage and underwriting commission) | 4.45 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.01 |
| 3 | Fees payable to the Registrar to the Issue | 0.02 |
| 4 | Listing fees, SEBI filing fees, NSE processing fees and other regulatory expenses | 0.06 |
| 5 | Printing and stationery expenses | 0.02 |
| 6 | Advertising and marketing expenses | 0.14 |
| 7 | Fees payable to legal counsel | 0.12 |
| 8 | Miscellaneous (including fees payable to auditors, consultants, market research firms and other professional agencies) | 2.90 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹122.00 |
| Low | ₹115.90 |
| High | ₹122.00 |
| Last Trade | ₹116.05 |
Lead Manager Reports
Eleganz Interiors IPO is a SME IPO of 60,05,000 equity shares of the face value of ₹10 aggregating up to ₹78 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Feb 7, 2025, and closes on Tue, Feb 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 Fri, Feb 7, 2025 and closes on Tue, Feb 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 Thu, Feb 13, 2025. Check the Eleganz Interiors IPO allotment status.
The Eleganz Interiors IPO listing date is on Fri, Feb 14, 2025.
