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Eleganz Interiors IPO

Open Sme
NSE 07 February - 11 February 2025
Eleganz Interiors Limited IPO is a book build issue of 78.07 Cr. The issue is entirely a fresh issue of 6005000 shares aggregating to 78.07 Cr. Eleganz Interiors Limited IPO opened for subscription on Feb 07, 2025 and closed on Feb 11, 2025. The allotment for the this IPO was finalized on Feb 12, 2025. IPO was listed on NSE and BSE on Feb 14, 2025. Eleganz Interiors Limited IPO is set issue price band at ₹123 to ₹130 per share.

Current GMP

₹5 (+3.85%)

Price Band

₹ 123 – 130

Lot Size

1000

Issue Size

₹78.07 Cr

Minimum Investment

₹260000 (2000 Shares)

Listing Date

14 February 2025

Subscription

30.76x

About the Company

Eleganz Interiors Limited is a leading provider of interior fit-out solutions, specializing in designing and crafting corporate and commercial spaces such as offices, research & development facilities, laboratories, airport lounges, flexible workspaces, and retail spaces. The company offers a comprehensive range of services, including Design & Build (D&B) and General Contracting (GC).

Under D&B, Eleganz Interiors provides end-to-end solutions, from design and planning to procurement, execution, and post-project support. Their GC services encompass various areas, including civil, mechanical, and electrical works, as well as final refinements like furniture and signage installation. The company bids for and is awarded projects through work orders from large corporations, project management consultants, and international property consultants.

With a track record of completing over 200 projects totaling more than 45 lakh square feet of space, Eleganz Interiors currently manages 47 ongoing projects spread across 12 cities in India. The company’s diverse client base spans industries such as IT, banking, healthcare, FMCG, oil & gas, and education. Eleganz Interiors has consistently focused on high-quality execution and building strong, long-term relationships with clients, as demonstrated by the significant revenue derived from repeat clients.

The company is committed to sustainability and innovation, with several projects earning LEED Platinum and Gold certifications. Eleganz Interiors is also a founding member of the Indian Green Building Council (IGBC). Led by Sameer Akshay Pakvasa, who brings two decades of experience, the company benefits from a strong leadership legacy and a dedicated team of engineers, architects, and project managers, ensuring efficient project delivery and compliance with industry standards.

Promoters

  1. Sameer Akshay Pakvasa
Promoters Holding

Holding Pre Issue

93.94%

Holding Post Issue

0.00%

Objects of the Issue

The Company intends to utilize the gross proceeds raised through the Issue for the following objects:

  1. Repayment, in full or in part, of certain borrowings availed by the Company
  2. To meet working capital requirements
  3. General Corporate Purposes

Address / Contact Info

Eleganz Interiors Limited
Gala Nos. 1-7, Ground Floor, Sarita 'B'
Prabhat Industrial Estate
W. E. Highway, Dahisar (E)
Mumbai, Maharashtra- 400068

Phone: +91-22-28960081
Email: cs@eleganz.co.in
Website: http://www.eleganz.co.in/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 123 – 130
Lot Size1000
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 78.07 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 78.07 Cr
Listing AtNSE
Industry
Sector
QIB Quota0%
Retail Quota0%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Eleganz Interiors IPO is a Book-building IPO worth ₹78.07 crores. The price band is ₹123 to 130 per share. The IPO opens on Fri, Feb 7, 2025 and closes on Tue, Feb 11, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Eleganz Interiors IPO opens on Fri, Feb 7, 2025 and closes on Tue, Feb 11, 2025

Eleganz Interiors IPO Price Band is ₹123 to 130.

Eleganz Interiors IPO lot size is 1000, and the minimum amount required for application is ₹260000.

The minimum investment for Eleganz Interiors IPO is approximately ₹260000 based on the upper price band.

To apply for the Eleganz Interiors IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Feb 11, 2025. After submission, funds are blocked until the basis of allotment of Eleganz Interiors IPO is finalised.

Eleganz Interiors IPO issue size is ₹78.07 crores.

Eleganz Interiors IPO allotment date is Sat, Jun 27, 2026.

The registrar for Eleganz Interiors IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Eleganz Interiors IPO through their official website or helpline.

The Eleganz Interiors IPO GMP (Grey Market Premium) is ₹5 as of Fri, Feb 14, 2025. Based on the upper price band of ₹130 per share, the estimated Eleganz Interiors IPO listing price is ₹135, indicating a potential listing gain of approximately 31% over the issue price.