The Eleganz Interiors IPO is set to open for subscription on February 7, 2025, and will close on February 11, 2025. This book-built issue aims to raise approximately ₹78.07 crores through a fresh issue of 60.05 lakh shares, with no offer-for-sale component.
The price band for the IPO has been fixed at ₹123 to ₹130 per share, making the minimum investment for retail investors ₹1,30,000 (for 1,000 shares). For high-net-worth individuals (HNIs), the minimum investment requirement is ₹2,60,000 (for 2,000 shares).
The allotment of shares is expected to be finalized on February 12, 2025, followed by the tentative listing on the NSE SME platform on February 14, 2025. The quota allocation for the IPO is divided into 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for HNIs.
Eleganz Interiors has demonstrated consistent financial growth, reporting a revenue of ₹223.09 crores in 2024, up from ₹191.17 crores in 2023. Similarly, the company’s net profit increased to ₹12.21 crores in 2024 from ₹10.31 crores in 2023, reflecting a steady upward trajectory.
This robust financial performance, coupled with the company’s strategic expansion plans, makes the IPO an attractive opportunity for long-term investors. However, as with any investment, potential subscribers should carefully evaluate the company’s fundamentals, market conditions, and risk factors before applying. The IPO’s success will largely depend on investor confidence in Eleganz Interiors’ ability to sustain its growth momentum and capitalize on emerging opportunities in the interior design and furnishings sector.
