Eleganz Interiors Limited IPO (Eleganz Interiors IPO) Detail
Eleganz Interiors IPO is a book built issue of Rs 78.07 crores. The issue is entirely a fresh issue of 60.05 lakh shares.
Eleganz Interiors IPO bidding started from February 7, 2025 and ended on February 11, 2025. The allotment for Eleganz Interiors IPO was finalized on Wednesday, February 12, 2025. The shares got listed on NSE SME on February 14, 2025.
Eleganz Interiors IPO price band is set at ₹130 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,23,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,30,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,60,000.
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 Details
| IPO Date | February 7, 2025 to February 11, 2025 |
| Listing Date | February 14, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 Reservation
Eleganz Interiors IPO offers 60,05,000 shares. 11,41,000 (19%) to QIB, 8,56,000 (14.25%) to NII, 19,97,000 (33.26%) to RII and 17,10,000 (28.48%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 17,10,000 (28.48%) |
| Market Maker Shares Offered | 3,01,000 (5.01%) |
| QIB Shares Offered | 11,41,000 (19%) |
| NII (HNI) Shares Offered | 8,56,000 (14.25%) |
| Retail Shares Offered | 19,97,000 (33.26%) |
| Total Shares Offered | 60,05,000 (100%) |
Eleganz Interiors IPO Anchor Investors Details
Eleganz Interiors IPO raises Rs 22.23 crore from anchor investors. Eleganz Interiors IPO Anchor bid date is February 6, 2025. Eleganz Interiors IPO Anchor Investors list
| Bid Date | February 6, 2025 |
| Shares Offered | 17,10,000 |
| Anchor Portion Size (In Cr.) | 22.23 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 14, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 13, 2025 |
Eleganz Interiors IPO Timeline (Tentative Schedule)
Eleganz Interiors IPO opens on February 7, 2025, and closes on February 11, 2025.
| IPO Open Date | Fri, Feb 7, 2025 |
| IPO Close Date | Tue, Feb 11, 2025 |
| Tentative Allotment | Wed, Feb 12, 2025 |
| Initiation of Refunds | Thu, Feb 13, 2025 |
| Credit of Shares to Demat | Thu, Feb 13, 2025 |
| Tentative Listing Date | Fri, Feb 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 11, 2025 |
Eleganz Interiors IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following 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 Promoter Holding
| Share Holding Pre Issue | 93.94% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Eleganz Interiors Limited
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
Company Financials
Eleganz Interiors Limited Financial Information (Restated Consolidated)
| 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 | ||||
Key Performance Indicator (KPI)
The market capitalization of Eleganz Interiors IPO is Rs 293.80 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 26.96% |
| ROCE | 24.23% |
| Debt/Equity | 0.83 |
| RoNW | 26.96% |
| PAT Margin | 5.52 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.36 | 8.44 |
| P/E (x) | 17.67 | 15.41 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Eleganz Interiors IPO Objectives)
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 IPO Review (Apply)
[Dilip Davda] The company enjoys virtual monopoly in providing D&B, GC related solutions and services. It marked steady growth in its top and bottom lines for the reported periods. Its order book stood at Rs. 435+ cr. as of December 31, 2024. It is poised for bright prospects ahead with its creamy clients are on expansion spree. It may attract fancy as first mover in the segment post listing. Based on its recent financial performance, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review…
Eleganz Interiors IPO Subscription Status (Bidding Detail)
The Eleganz Interiors IPO is subscribed 30.65 times on February 11, 2025 6:19:59 PM (Day 3). The public issue subscribed 21.44 times in the retail category, 24.45 times in the QIB category, and 60.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 24.45 | 11,41,000 | 2,78,94,000 | 29 |
| NII* | 60.42 | 8,56,000 | 5,17,21,000 | 3,485 |
| Retail | 21.44 | 19,97,000 | 4,28,15,000 | 42,815 |
| Total | 30.65 | 39,94,000 | 12,24,30,000 | 46,329 |
Total Application : 46,329
*Market Maker portion is not included to NII/HNI.
Eleganz Interiors IPO Prospectus
Eleganz Interiors IPO Listing Details
| Listing Date | February 14, 2025 |
| BSE Script Code | |
| NSE Symbol | ELGNZ |
| ISIN | INE0R9101015 |
| Final Issue Price | ₹130 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹122.00 |
| Low | ₹115.90 |
| High | ₹122.00 |
| Last Trade | ₹116.05 |
Check IPO Performance…
Eleganz Interiors Limited 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/
Eleganz Interiors IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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