Eleganz Interiors IPO is a book-built issue valued at Rs 78.07 crores, consisting entirely of a fresh issue of 60.05 lakh shares.
The subscription for the Eleganz Interiors IPO will open on February 7, 2025, and close on February 11, 2025. The allotment process is expected to be finalized on Wednesday, February 12, 2025. The IPO is set to list on the NSE SME, with a tentative listing date scheduled for Friday, February 14, 2025.
Eleganz Interiors operates in the interior design and decoration sector. They specialize in providing high-quality interior solutions for residential and commercial space.
The price band for the Eleganz Interiors IPO is set between ₹123 and ₹130 per share. Investors must apply for a minimum lot size of 1,000 shares. Retail investors are required to make a minimum investment of ₹1,30,000, while high-net-worth individuals (HNI) must apply for at least 2 lots (2,000 shares), amounting to ₹2,60,000.
Vivro Financial Services Private Limited is the book-running lead manager for the Eleganz Interiors IPO, with Bigshare Services Pvt Ltd serving as the registrar for the issue. The market-making responsibilities will be handled by Rikhav Securities Limited.
Eleganz Interiors IPO Details:
| Company Name | Eleganz Interiors Limited |
| Sector | Interior Design and Decoration |
| IPO Type | SME |
| IPO Open date | 07th Feb 2025 |
| IPO Close date | 11th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Eleganz Interiors IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,30,000 |
| HNI (Min) | 2 | 2000 | 2,60,000 |
Eleganz Interiors IPO Timeline:
| IPO Open Date | 07th Feb 2025 |
| IPO Close Date | 11th Feb 2025 |
| Basis of Allotment | 12th Feb 2025 |
| Refund Initiation Date | 13th Feb 2025 |
| Shares Credit to Demat | 13th Feb 2025 |
| Listing Date | 14th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Eleganz Interiors’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Interior Design and Decoration Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Eleganz Interiors and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
