Eleganz Interiors IPO opens on February 7 - Latest IPO GMP, Dates, Lot Size & Share Price

Team Finance Saathi

03/Feb/2025

What's covered under the Article:

Eleganz Interiors IPO opens on February 7, 2025, with a ₹ 123-130 price range and a ₹ 78.06 Crore issue.
Grey Market Premium (GMP) shows potential listing gains of 15.38%.
Financial performance highlights steady growth and the company's expertise in interior fit-out solutions.

Eleganz Interiors is a leader in the business of providing interior fit-out solutions, specializing in crafting corporate and commercial spaces such as corporate offices, R&D facilities, laboratories, airport lounges, flexible workspaces, and retail spaces across India. The Book Built Issue IPO for ₹ 78.06 Crores, consisting entirely of 60.05 Lakh shares, opens for subscription on February 7, 2025, and closes on February 11, 2025, with the allotment date on February 12, 2025 and a tentative listing date of February 14, 2025 on the NSE SME.

The market capitalization at the upper IPO price of ₹ 130 per share is expected to be ₹ 293.79 Crores. Retail investors are required to invest a minimum of ₹ 1,30,000 for 1,000 shares, while High-Net-Worth Individuals (HNIs) must invest in 2 lots, totaling ₹ 2,60,000.

The financial performance is promising with revenues of ₹ 22,308.65 Lakh in FY 2024 and a Profit After Tax (PAT) of ₹ 1,220.58 Lakh for FY 2024. The pre-issue EPS stands at ₹ 7.95, with a post-issue EPS of ₹ 5.40 for FY24. The P/E ratio pre-issue is 16.35x, and post-issue, it's 24.07x, which indicates the IPO is fairly priced.

The Grey Market Premium (GMP) of ₹ 20 suggests potential listing gains of 15.38%. Based on the company's financial performance and valuation, we recommend risky investors to consider applying for the Eleganz Interiors IPO to potentially gain on the listing.

The objectives of the IPO include repayment of borrowings (₹ 2,500 Lakhs), meeting working capital requirements (₹ 2,500 Lakhs), and general corporate purposes. With a strong leadership team, including Sameer Akshay Pakvasa, who has over two decades of experience, the company is well-positioned to deliver on its promises.

The Upcoming IPOs in this week and coming weeks are Chamunda Electricals, Ken Enterprises, Amwill Healthcare, Readymix Construction, Eleganz Interiors.

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Eleganz Interiors IPO opens on February 7 - Latest IPO GMP, Dates, Lot Size & Share Price

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