The much-anticipated Eleganz Interiors IPO is set to open on February 7, 2025, and will close on February 11, 2025. This is a Book Built Issue IPO, with the company aiming to raise approximately ₹78.06 crores. The IPO comprises a fresh issue of ₹78.06 crores, while the details of the offer for sale (OFS) are yet to be disclosed.
Eleganz Interiors IPO Details
- IPO Price Band: ₹123 to ₹130 per share
- Retail Investor Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net Worth Individuals (HNI): 15%
- IPO Listing Date: February 14, 2025 (on NSE)
- IPO Allotment Date: February 12, 2025
Eleganz Interiors Financial Performance
The company has shown consistent revenue growth, making it a strong contender for long-term investment.
- FY 2024 Revenue: ₹223.09 crores (up from ₹191.17 crores in FY 2023)
- FY 2024 Net Profit: ₹12.21 crores (compared to ₹10.31 crores in FY 2023)
Eleganz Interiors IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | February 7, 2025 |
| IPO Close Date: | February 11, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹123 to ₹130 Per Share |
| Issue Size: | Approx ₹78.06 Crores |
| Fresh Issue: | Approx ₹78.06 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
About Eleganz Interiors Overview
Established on April 18, 1996, Eleganz Interiors Limited has emerged as a dynamic player in the interior fit-out industry, delivering customized and high-quality solutions for corporate and commercial spaces. The company specializes in transforming bare shells into fully furnished, functional, and aesthetically appealing environments across India.
Eleganz Interiors caters to a diverse range of sectors, including corporate offices, research & development centers, laboratories, airport lounges, flexible workspaces, and commercial retail spaces. With a strong commitment to innovation, functionality, and client satisfaction, the company provides end-to-end interior solutions through its Design & Build (D&B) and General Contracting (GC) services.
Comprehensive Service Offerings
1. Design & Build (D&B) Services:
Eleganz Interiors offers a turnkey interior solution, managing projects from conceptualization to final execution. Their D&B services include:
✔ Architectural and interior design tailored to client needs.
✔ Shop drawings and project planning to ensure seamless execution.
✔ Material procurement and resource management for cost-effective solutions.
✔ On-site project execution, supervision, and quality control.
✔ Final walkthrough, project handover, and post-project support.
2. General Contracting (GC) Services:
Their GC services cover all essential construction and finishing work required for commercial and corporate spaces, including:
✔ Civil & interior works: Plumbing, plastering, painting, carpentry, and polishing.
✔ Mechanical and electrical installations, including HVAC, lighting, and automation systems.
✔ Structural enhancements and final refinements to deliver high-quality interiors.
Strong Industry Presence & Expertise
With over 200 successfully completed projects as of September 30, 2024, Eleganz Interiors Limited has established itself as a trusted partner for businesses looking for premium interior solutions. Their expertise in delivering innovative, sustainable, and cost-efficient projects has positioned them as one of the fastest-growing players in the industry.
Why Choose Eleganz Interiors?
✔ Expertise in large-scale commercial fit-outs across diverse industries.
✔ A strong network of suppliers and skilled professionals.
✔ Innovative, functional, and sustainable design solutions.
✔ Proven track record in delivering projects on time and within budget.
✔ Commitment to excellence, customer satisfaction, and long-term partnerships.
As Eleganz Interiors Limited continues to expand its footprint, its dedication to craftsmanship, precision, and industry best practices ensures that every project meets the highest standards of quality and innovation.
Eleganz Interiors IPO Market Lot
Eleganz Interiors IPO is set to hit the market with a minimum lot size of 1,000 shares, requiring an application amount of ₹1,30,000. Investors looking to subscribe to this IPO must bid for at least 1,000 shares per lot, ensuring a significant entry-level investment.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,30,000 |
| Retail Maximum | 1 | 1000 | ₹1,30,000 |
| HNI Minimum | 2 | 2,000 | ₹2,60,000 |
Eleganz Interiors IPO Allotment & Listing Dates
Eleganz Interiors IPO is set to open on February 7, 2025, and will close on February 11, 2025. Investors eagerly waiting for this IPO allotment can expect it to be finalized on February 12, 2025. The Eleganz Interiors IPO listing is scheduled for February 14, 2025, where it will debut on the stock exchange.
| Type | Date |
|---|---|
| IPO Open Date: | February 7, 2025 |
| IPO Close Date: | February 11, 2025 |
| Basis of Allotment: | February 12, 2025 |
| Refunds: | February 13, 2025 |
| Credit to Demat Account: | February 13, 2025 |
| IPO Listing Date: | February 14, 2025 |
Promoters of Eleganz Interiors IPO
The Eleganz Interiors IPO is set to make its market debut, attracting investor interest with its strong business fundamentals. The company is backed by its promoters, Eleganz Interiors and Sameer Akshay Pakvasar, who bring extensive industry expertise and strategic leadership.
Eleganz Interiors IPO Company Financial Report
Eleganz Interiors IPO has shown strong financial performance in recent years. The company reported a revenue of ₹223.09 crores in 2024, marking a significant increase from ₹191.17 crores in 2023. Similarly, the company’s net profit surged to ₹12.21 crores in 2024, compared to ₹10.31 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹155.34 | ₹150.23 | ₹5.09 | ₹103.03 |
| 2023 | ₹191.17 | ₹180.66 | ₹10.31 | ₹116.19 |
| 2024 | ₹223.09 | ₹207.00 | ₹12.21 | ₹172.12 |
| June 2024 | ₹80.88 | ₹75.64 | ₹3.85 | ₹233.99 |
Eleganz Interiors IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 6.63% |
| ROCE: | 9.82% |
| EBITDA Margin: | 8.24% |
| PAT Margin: | 4.77% |
| Debt to equity ratio: | 0.56 |
| Earning Per Share (EPS): | ₹7.95 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 26.96% |
| Net Asset Value (NAV): | ₹33.44 |
Eleganz Interiors Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| NA | – | – | – | – | – Cr. |
| NA | – | – | – | – | – Cr. |
Eleganz Interiors IPO: Key Objectives of the Issue
The Eleganz Interiors IPO is strategically designed to strengthen the company’s financial position and fuel future growth. The proceeds from the IPO will be utilized for the following purposes:
- Repayment of Outstanding Borrowings: A portion of the funds will be used to reduce existing debts, improving the company’s financial stability and lowering interest costs.
- Working Capital Requirements: The capital raised will help meet operational and business expansion needs, ensuring smooth execution of ongoing and upcoming projects.
- General Corporate Purposes: The remaining funds will support various business activities, including brand development, strategic initiatives, and corporate expansion.
With a focus on growth and financial efficiency, the Eleganz Interiors IPO presents an opportunity for investors to participate in the company’s journey towards long-term success.
Eleganz Interiors IPO Review
- Adroit Financial Services:
- Canara Bank Securities:
Eleganz Interiors IPO Registrar
Bigshare Services Pvt. Ltd
Phone: 022 – 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Eleganz Interiors IPO Lead Managers aka Merchant Bankers
- Vivro Financial Services Private Limited
Company Address
Eleganz Interiors Limited
Gala Nos. 1-7, Ground Floor, Sarita ‘B’,
Prabhat Industrial Estate, W. E. Highway,
Dahisar (E), Mumbai, Maharashtra, India, 400068
Phone: +91- 22- 28960081
E-mail: cs@eleganz.co.in
Website: www.eleganz.co.in
FAQs on Eleganz Interiors IPO
The Eleganz Interiors IPO is scheduled to open on February 7, 2025, and will close on February 11, 2025.
The IPO price band is set between ₹123 to ₹130 per share.
The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹1,30,000.
The IPO allotment date is February 12, 2025. Investors will receive shares in their Demat accounts by February 13, 2025.
The IPO listing date is February 14, 2025, on the NSE SME exchange.
Eleganz Interiors has shown consistent revenue and profit growth, with revenue reaching ₹223.09 crores in FY 2024 and net profit increasing to ₹12.21 crores.
The IPO proceeds will be used for:
Repayment of outstanding borrowings
Meeting working capital requirements
General corporate purposes
Investors can apply through ASBA (Application Supported by Blocked Amount) via their bank or UPI through stockbrokers and online trading platforms like Zerodha, Upstox, and Groww.
The lead manager for the Eleganz Interiors IPO is Vivro Financial Services Private Limited.
The IPO registrar is Bigshare Services Pvt. Ltd, responsible for handling the allotment and refunds.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
