Eleganz Interiors IPO: Everything You Need to Know
The much-anticipated Eleganz Interiors IPO is set to open for bidding on February 7, 2025, at 10 AM and will close on February 11, 2025. With a total issue size of ₹78.07 crores, this book-built issue IPO aims to raise capital to enhance the company’s business expansion and financial strength. The listing of Eleganz Interiors Ltd. is expected to take place on February 14, 2025, on the NSE SME platform.
IPO Details
The Eleganz Interiors IPO offers a price band of ₹123 – ₹130 per share. The minimum lot size for this IPO is 1,000 equity shares, amounting to a minimum investment of ₹1,30,000 at the cap price.
Key IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | February 7, 2025 |
| IPO Close Date | February 11, 2025 |
| Basis of Allotment | February 12, 2025 |
| Refund Initiation & Credit of Shares | February 13, 2025 |
| Listing Date | February 14, 2025 |
IPO Size and Structure
- Total Issue Size: ₹78.07 crores
- Total Shares Offered: 60,05,000 equity shares
- Face Value: ₹10 per share
- Issue Type: Book Built Issue IPO
- Listing Exchange: NSE SME
- Lead Manager: Vivro Financial Services Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Rikhav Securities Ltd
IPO Reservation for Investors
The IPO allocation is structured to accommodate different categories of investors:
| Investor Category | Reservation % |
|---|---|
| Qualified Institutional Buyers (QIB) | <50% |
| Retail Investors | >35% |
| Non-Institutional Investors (NII) | >15% |
| Total | 100% |
Grey Market Premium (GMP) Analysis
The Grey Market Premium (GMP) for Eleganz Interiors IPO has been fluctuating. As of February 6, 2025, the GMP stands at ₹35, indicating a potential listing price of ₹165 (cap price + GMP). Here’s a breakdown of the GMP trend:
| Date | GMP (₹) | Estimated Listing Price (₹) | Estimated Listing Gains (%) |
|---|---|---|---|
| 06-02-2025 | ₹35 | ₹165 | 26.92% |
| 05-02-2025 | ₹35 | ₹165 | 26.92% |
| 04-02-2025 | ₹47 | ₹207 | 36.15% |
| 03-02-2025 | ₹40 | ₹170 | 30.77% |
| 02-02-2025 | ₹0 | ₹130 | 0% |
Financial Performance of Eleganz Interiors Ltd.
The company has shown strong profitability and revenue growth over the last three financial years:
Revenue & Profit Growth
| Year | Revenue (₹ in Crores) | PAT (₹ in Crores) |
|---|---|---|
| FY 2022 | ₹153.83 | ₹5.09 |
| FY 2023 | ₹190.25 | ₹10.31 |
| FY 2024 | ₹223.09 | ₹12.21 |
The financials reflect consistent profitability and revenue expansion, making Eleganz Interiors Ltd. a promising SME IPO.
Technical Analysis of Eleganz Interiors IPO
Various technical indicators suggest strong growth potential for Eleganz Interiors:
| Technical Indicator | Value |
|---|---|
| P/E Ratio (Pre-IPO) | 7.36 |
| D/E Ratio | 0.83 |
| EPS (Pre-IPO) | 17.67 |
| Return on Net Worth (RONW) | 26.96% |
| Return on Equity (ROE) | 26.96% |
| Return on Capital Employed (ROCE) | 24.23% |
| Profit After Tax Margin (PAT Margin) | 5.52% |
These indicators reflect strong fundamentals, making Eleganz Interiors a compelling investment opportunity for both short-term IPO gains and long-term portfolio diversification.
Objectives of the IPO
The proceeds from the Eleganz Interiors IPO will be allocated for:
| Objective | Amount (₹ in Lakhs) | FY 2025 | FY 2026 |
|---|---|---|---|
| Loan Repayment | ₹2,500.00 | ₹2,500.00 | – |
| Working Capital Requirements | ₹3,000.00 | ₹2,000.00 | ₹1,000.00 |
| General Corporate Purposes | ≤25% of gross proceeds | – | – |
About Eleganz Interiors Ltd.
Eleganz Interiors Ltd. is a premium interior design company specializing in commercial and corporate projects, including:
- Corporate Offices
- Research & Development Facilities
- Laboratories
- Airports
- Flexible Workspaces
- Commercial Retail Spaces
The company provides Design & Build (D&B) services and General Contracting (GC) services to domestic and multinational corporations, winning contracts through tender bidding processes.
How to Apply for Eleganz Interiors IPO
Investors can apply for the Eleganz Interiors IPO by following these steps:
- Research: Analyze the company’s financials and market potential.
- Open a Demat Account: Use any brokerage platform to apply for the IPO.
- Place a Bid:
- Minimum: 1,000 shares at ₹1,30,000 (Retail Investors)
- Maximum: 2,000 shares at ₹2,60,000 (HNI Investors)
- Payment Approval: Confirm payment and wait for allotment.
- Check Allotment Status: If allotted, shares will be credited to your Demat account before listing.
Conclusion
The Eleganz Interiors IPO presents a strong investment opportunity due to its solid financial growth, attractive valuations, and strong industry positioning. Given the positive Grey Market Premium (GMP) and strong demand outlook, the IPO is expected to attract significant investor interest.
However, as with any investment, conducting thorough research and consulting financial advisors before investing in the IPO is advisable. The success of Eleganz Interiors Ltd. will ultimately depend on how well it executes its business expansion and growth strategy post-listing.
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