Eleganz Interiors Limited, a leading interior fit-out solutions provider, has launched its Initial Public Offering (IPO), aiming to raise ₹ 78.06 Crores through a fresh issue of 60.05 lakh equity shares. The IPO opens for subscription on February 7, 2025, and closes on February 11, 2025. The allotment is expected to be finalized by February 12, 2025, with a tentative listing on February 14, 2025, on the NSE SME platform.

Eleganz Interiors IPO Details

• IPO Size: ₹ 78.06 Crores

• Fresh Issue: 60.05 Lakh Shares

• IPO Price Band: ₹ 123 - ₹ 130 per share

• Market Capitalization at Upper Price Band: ₹ 293.79 Crores

• Lot Size: 1,000 Shares

• Minimum Investment for Retail Investors: ₹ 1,30,000

• Minimum Investment for HNIs: 2 lots (₹ 2,60,000)

• Lead Manager: Vivro Financial Services Pvt Ltd

• Registrar: Bigshare Services Pvt Ltd

• Market Maker: Rikhav Securities Ltd

Financial Performance

Eleganz Interiors Limited has shown consistent financial growth over the years:

• Revenue from Operations:

  • H1 FY25: ₹ 19,240.20 Lakh

  • FY24: ₹ 22,308.65 Lakh

  • FY23: ₹ 19,117.14 Lakh

  • FY22: ₹ 15,534.26 Lakh

• EBITDA:

  • H1 FY25: ₹ 1,600.10 Lakh

  • FY24: ₹ 2,160.55 Lakh

  • FY23: ₹ 1,425.66 Lakh

  • FY22: ₹ 830.56 Lakh

• Profit After Tax (PAT):

  • H1 FY25: ₹ 953.47 Lakh

  • FY24: ₹ 1,220.58 Lakh

  • FY23: ₹ 1,031.13 Lakh

  • FY22: ₹ 509.38 Lakh

Key Financial Ratios

• Pre-Issue EPS: ₹ 7.95 | Post-Issue EPS: ₹ 5.40

• Pre-Issue P/E Ratio: 16.35x | Post-Issue P/E Ratio: 24.07x

• ROCE (FY24): 24.23%

• ROE (FY24): 26.96%

• Annualized EPS: ₹ 11.78 | P/E Ratio: 11.03x

IPO Objectives

The Net Proceeds from the IPO will be utilized for:

1. Repayment of Borrowings: ₹ 2,500.00 Lakh

2. Working Capital Requirements: ₹ 3,000.00 Lakh

3. General Corporate Purposes

Eleganz Interiors IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) of Eleganz Interiors IPO has been fluctuating, reflecting investor sentiment:

• February 3, 2025: ₹ 28 (21.53%)

• January 31, 2025: ₹ 20 (15.38%)

How to Check IPO Allotment Status

• Visit the IPO allotment status page on the registrar's website.

• Select Eleganz Interiors Limited IPO from the dropdown.

• Enter your Application Number, PAN, or DP Client ID.

• Click Submit to check the allotment status.

Expert Review & Conclusion

With a solid financial track record and growing industry demand, Eleganz Interiors IPO presents a promising opportunity. The GMP trend indicates potential listing gains, but investors should consider risk factors before applying. Risk-tolerant investors may consider applying for listing gains and long-term prospects.

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