Eleganz Interiors IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 07 Feb 2025
Close Date
Tue, 11 Feb 2025
Price Band
₹ 123 – 130
Lot Size
1000
Issue Size
₹ 78.07 Cr
Minimum Investment
₹ 260,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Eleganz Interiors IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹78.07 Crore, comprising a fresh issue of 60.05 Lakh equity shares aggregating to ₹78.07 Crore.
The Eleganz Interiors IPO remained open for subscription from February 07, 2025, to February 11, 2025. The basis of allotment was finalized on February 12, 2025, and the company's shares were listed on NSE SME Platform on February 14, 2025.
The company had fixed the price band at ₹123 to ₹130 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹260,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Vivro Financial Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Eleganz Interiors Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Eleganz Interiors IPO Timeline (Tentative)
- IPO Open Date
- Fri, 07 Feb 25
- IPO Close Date
- Tue, 11 Feb 25
- Basis of Allotment
- Wed, 12 Feb 25
- Initiation of Refunds
- Thu, 13 Feb 25
- Credit of Shares to Demat
- Thu, 13 Feb 25
- Listing Date
- Fri, 14 Feb 25 — NSE & BSE
Open Date
07 February 2025
Close Date
11 February 2025
Basis Of Allotment
12 February 2025
Listing Date
14 February 2025
IPO Subscription
Check Live Subscription →The Eleganz Interiors IPO has received bids for 12,27,31,000 shares against 39,90,000 shares offered, resulting in an overall subscription of 30.76x. the NII category is subscribed 60.84x, Retail Investors 21.46x, and QIBs 24.47x.
QIB
24.47x
NII
60.84x
RII
21.46x
Total
30.76x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 19,95,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,40,000 shares (0%), while Non-Institutional Investors (NIIs) receive 8,55,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,140,000 | 0% |
| Non-Institutional | 855,000 | 0% |
| Retail Investors | 1,995,000 | 0% |
| Total | 3,990,000 | 0% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 233.99 | 172.12 | 116.19 | 103.03 |
| Revenue | 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 |
| Reserve & Surplus | 54.31 | 36.01 | 38.2 | 27.89 |
| Total Borrowings | 31.7 | 42.8 | 28.23 | 22.62 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Eleganz Interiors Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 26.96 |
| ROCE % | 24.23 |
| Debt / Equity | 0.83 |
| RoNW % | 26.96 |
| Pat Margin % | 5.52 |
Peers Comparison
No Peer Comparision Available
About Eleganz Interiors Limited
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.
Eleganz Interiors IPO Promoters
- Sameer Akshay Pakvasa
Promoters Holding
Holding Pre Issue
93.94%
Holding Post Issue
0.00%
Eleganz Interiors IPO Objective
The Company intends to utilize the gross proceeds raised through the Issue for the following objects:
- Repayment, in full or in part, of certain borrowings availed by the Company
- To meet working capital requirements
- General Corporate Purposes
Eleganz Interiors Limited Address / Contact Details
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
Eleganz Interiors IPO Lot Size
The Eleganz Interiors IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,30,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,30,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 130,000.00 |
| Retail (Max) | 1 | 1,000 | 130,000.00 |
| S-HNI (Min) | 2 | 2,000 | 260,000.00 |
Issue Reservation
Book Running Lead Managers
- Vivro Financial Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Eleganz Interiors IPO?
Eleganz Interiors IPO is a Book-building IPO with a total issue size of ₹78.07 crore. The Eleganz Interiors IPO price band is ₹123 to 130 per share. The Eleganz Interiors IPO subscription opens on Fri, Feb 7, 2025, and closes on Tue, Feb 11, 2025. The Eleganz Interiors IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Eleganz Interiors IPO.
When will the Eleganz Interiors IPO open for subscription?
The Eleganz Interiors IPO opens on Fri, Feb 7, 2025 and closes on Tue, Feb 11, 2025
What is Eleganz Interiors IPO Price Band?
Eleganz Interiors IPO Price Band is ₹123 to 130 per share.
What is Eleganz Interiors IPO Lot Size?
Eleganz Interiors IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹260000 based on the upper price band
What is the minimum investment for Eleganz Interiors IPO?
The minimum investment for Eleganz Interiors IPO is ₹260000, based on one lot of 1000 shares at the upper price band of ₹130 per share.
How to apply for Eleganz Interiors IPO?
Investors can apply for the Eleganz Interiors IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Feb 11, 2025. The application amount remains blocked until the Eleganz Interiors IPO allotment is finalized.
What is Eleganz Interiors IPO Issue Size?
Eleganz Interiors IPO issue size is ₹78.07 crores.
What is the Eleganz Interiors IPO Allotment Date?
Eleganz Interiors IPO allotment date is Wed, Feb 12, 2025.
Who is the Eleganz Interiors IPO Registrar?
The registrar for Eleganz Interiors IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Eleganz Interiors IPO allotment status, refund processing, and other IPO-related information.
What is the Eleganz Interiors IPO GMP?
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 3.85% over the issue price.
Who is the Eleganz Interiors IPO Lead Manager?
The book-running lead managers (BRLMs) for the Eleganz Interiors IPO are Vivro Financial Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Eleganz Interiors IPO Red Herring Prospectus (RHP).