Eleganz Interiors IPO GMP Today, Date, Price, Subscription Status 

Eleganz Interiors IPO Overview

Vivro Financial Services Private Limited is the book running lead manager of the Eleganz Interiors IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Eleganz Interiors IPO is Rikhav Securities Limited.

Refer to Eleganz Interiors IPO RHP for detailed information.

Eleganz Interiors IPO Important dates

Eleganz Interiors IPO opens on February 7, 2025, and closes on February 11, 2025.

IPO Open Date	Friday, February 7, 2025
IPO Close Date	Tuesday, February 11, 2025
Basis of Allotment	Wednesday, February 12, 2025
Initiation of Refunds	Thursday, February 13, 2025
Credit of Shares to Demat	Thursday, February 13, 2025
Listing Date	Friday, February 14, 2025
Cut-off time for UPI mandate confirmation	5 PM on February 11, 2025

Eleganz Interiors IPO Financial Performance

Period Ended	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
Reserves and Surplus	54.31	36.01	38.2	27.89
Total Borrowing	31.7	42.8	28.23	22.62
Amount in ₹ Crore

Eleganz Interiors IPO Key Performance Indicator

The market capitalization of Eleganz Interiors IPO is Rs 293.80 Cr.

KPI as of Sun, Mar 31, 2024.

Eleganz Interiors IPO Objectives

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

Eleganz Interiors IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹1,30,000
Retail (Max)	1	1000	₹1,30,000
HNI (Min)	2	2,000	₹2,60,000
Lot Size Calculator

Eleganz Interiors IPO Details

IPO Date	February 7, 2025 to February 11, 2025
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹123 to ₹130 per share
Lot Size	1,000 Shares
Total Issue Size	60,05,000 shares (aggregating up to ₹78.07 Cr)
Fresh Issue	60,05,000 shares (aggregating up to ₹ 78.07 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share Holding Pre Issue	1,65,94,626 shares
Share Holding Post Issue	2,25,99,626 shares
Market Maker Portion	3,01,000 shares Rikhav Securities Limited

Eleganz Interiors IPO Company Overview and Services

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:

• Experienced and qualified designing, engineering and execution team
• Proven track record of diversified service offerings encompassing a wide range of industries
• Adhering quality standards and sustainable development practices
• Strong footprint at key economic hubs in India
• In-house woodwork facility
• Experienced Promoter and senior management team

Eleganz Interiors IPO SWOT Analysis

Strengths

• Experienced Team: Eleganz boasts a skilled workforce of engineers, architects, designers, and project managers, ensuring high-quality execution and timely project delivery.
• Diverse Service Offerings: The company has expertise in Design & Build and General Contracting across various sectors, including corporate offices, R&D facilities, airport lounges, and commercial spaces.
• Quality & Sustainability: Eleganz is committed to industry standards, compliance, and sustainable development practices, creating long-term value.
• Strong Financial Performance: The company has demonstrated consistent revenue and profit growth in recent years.
• In-house Woodwork Facility: This provides a competitive advantage in terms of cost control and quality assurance.

Weaknesses

• Dependence on Repeat Clients: A significant portion of revenue comes from repeat clients, and losing them could adversely affect business performance.
• Client Concentration Risk: Revenue reliance on a limited number of clients means losing key clients could impact financial stability and growth prospects.   
• Order Uncertainty & Execution Risks: Future order flow is uncertain, and delays in execution may lead to cost overruns, impacting revenue and cash flows.   

Opportunities

• Growing Market: The interior fit-out market is expanding, driven by urbanization, rising disposable incomes, and increasing demand for modern workspaces.
• Expansion into New Regions: Eleganz can leverage its existing footprint and expand its presence in key regions to further solidify its market position.
• Strategic Partnerships: Collaborating with other businesses in the construction and design industries can open up new avenues for growth.
• Technological Advancements: Adopting new technologies can improve efficiency, reduce costs, and enhance the quality of services.

Threats

• Competition: The interior fit-out industry is competitive, with the presence of both established players and new entrants.
• Economic Downturn: A slowdown in the economy could impact construction and development projects, affecting the demand for interior fit-out services.
• Rising Material Costs: Fluctuations in material prices can impact profitability.
• Regulatory Changes: Changes in building codes and regulations could require adjustments in business practices.

Additional Considerations

• IPO Objectives: The company intends to use the IPO proceeds for debt repayment, working capital requirements, and general corporate purposes.
• Listing Platform: The shares will be listed on the SME platform of the National Stock Exchange (NSE) Emerge.
• Financial Performance: The company has demonstrated strong financial performance in recent years, with consistent revenue and profit growth.
• Industry Trends: The interior fit-out industry is evolving, with increasing emphasis on sustainability, technology, and customer experience.

Eleganz Interiors IPO GMP Details

Subscription Status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Eleganz Interiors IPO Allotment status

Eleganz Interiors IPO allotment is expected on Wednesday, February 12, 2025.

Eleganz Interiors IPO allotment status is not available at this time. Eleganz Interiors IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Eleganz Interiors Limited IPO allotment status.

Eleganz Interiors IPO Contact Details

Eleganz Interiors Limited
Gala Nos. 1 – 7, Ground Floor, Sarita ‘B’,
Prabhat Industrial Estate, Western Express Highway
Dahisar (E), Mumbai – 400 068
Phone: +91-22-28960081
Email: cs@eleganz.co.in
Website: http://www.eleganz.co.in/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

Want to Raise money for your company through SME IPO? Read More