Eleganz Interiors a renowned name in providing interior fit-out solutions for corporate and commercial spaces is set to raise ₹78.06 crores through its Initial Public Offering IPO. The company specializes in crafting functional and captivating spaces for diverse sectors including corporate offices laboratories flexible workspaces and airport lounges operating across India.

IPO Details:
The Eleganz Interiors IPO opens on February 7 2025 and closes on February 11 2025 with the allotment process expected to be finalized by February 12 2025. The price band for the IPO is set at ₹123 to ₹130 per share and the lot size is 1000 shares. Retail investors must invest a minimum of ₹130000 while High-Net-Worth Individuals HNIs need to apply for a minimum of 2 lots ₹260000. The market capitalization of Eleganz Interiors assuming the share price is at ₹130 will stand at approximately ₹293.79 Crores.

The company's promoter Sameer Akshay Pakvasa continues his father's legacy in leading the company towards a promising future. Eleganz has shown consistent financial growth with revenues increasing from ₹15534.26 lakh in 2022 to ₹19240.20 lakh in September 2024.

Financial Insights:
As of the fiscal year ending in September 2024 the company reported EBITDA of ₹1600.10 lakh and Profit after Tax PAT of ₹953.47 lakh showcasing significant growth from previous years. With strong financial metrics such as an EPS of ₹7.95 pre-issue and ₹5.40 post-issue Eleganz Interiors presents a promising investment opportunity especially given its solid growth trajectory.

Grey Market Premium GMP:
As of February 3 2025 the Grey Market Premium GMP for Eleganz Interiors IPO stood at ₹28 suggesting a listing gain of 21.53 percent based on its IPO price. While GMP provides an indication of demand it's important to note that real price discovery will only occur once the shares are listed on the stock exchange.

How to Check Allotment Status:
The Eleganz Interiors IPO allotment will be finalized by February 12 2025. To check your allotment status follow these simple steps:

• Go to the IPO allotment status page.
• Select Eleganz Interiors Limited IPO from the dropdown list.
• Enter your application number PAN or DP Client ID.
• Submit the details to check the status.

Use of IPO Proceeds:
The company intends to use the proceeds from the IPO for:

1. Repaying borrowings ₹2500 lakh.
2. Meeting working capital needs ₹3000 lakh.
3. General corporate purposes.

With a strong reputation for delivering top-notch corporate and commercial interior fit-out solutions Eleganz Interiors is poised for continued growth in the market.

The Upcoming IPOs in this week and coming weeks are PS Raj Steels, Chandan Healthcare, Ajax Engineering, Voler Car, Maxvolt Energy, Hexaware Technologies, L.K. Mehta, Shanmuga Hospital.

The Current active IPO are Eleganz Interiors, Readymix Construction, Solarium Green.

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