New Delhi, Feb 4 (PTI): Eleganz Interiors, a leading provider of interior fit-out solutions, has announced the price band for its upcoming initial public offering (IPO) at Rs 123-130 per share. The company is seeking to raise Rs 78 crore through the public offering, which is set to open on February 7, 2025.
The IPO will close on February 11, 2025, with shares being listed on the National Stock Exchange’s SME platform, Emerge. Investors can place bids for a minimum of 1,000 shares and in multiples thereof, the company stated in a release.
This IPO will consist entirely of a fresh issue of 60.05 lakh equity shares with a face value of Rs 10 each, offered through the book-building process. At the upper end of the price band, Eleganz Interiors aims to raise approximately Rs 78.07 crore from the offering.
The funds raised through the IPO will be utilized to repay existing debt, meet working capital requirements, and for general corporate purposes.
Eleganz Interiors specializes in designing and executing interior fit-outs for corporate and commercial spaces, including offices, research and development (R&D) facilities, laboratories, airport lounges, flexible workspaces, and retail spaces. As of December 31, 2024, the company has an order book of 47 ongoing projects, totaling a contract value of Rs 434.86 crore, covering an area of approximately 40 lakh square feet.
In the first half of FY2024 (ending September 2024), Eleganz Interiors reported revenue of Rs 192.09 crore and a profit after tax (PAT) of Rs 9.53 crore. For the fiscal year 2024, the company posted a revenue from operations of Rs 221.29 crore and a PAT of Rs 12.2 crore.
Vivro Financial Services is the sole book-running lead manager for the IPO, while Bigshare Services will serve as the registrar to the issue.
The IPO will close on February 11, 2025, with shares being listed on the National Stock Exchange’s SME platform, Emerge. Investors can place bids for a minimum of 1,000 shares and in multiples thereof, the company stated in a release.
This IPO will consist entirely of a fresh issue of 60.05 lakh equity shares with a face value of Rs 10 each, offered through the book-building process. At the upper end of the price band, Eleganz Interiors aims to raise approximately Rs 78.07 crore from the offering.
The funds raised through the IPO will be utilized to repay existing debt, meet working capital requirements, and for general corporate purposes.
Eleganz Interiors specializes in designing and executing interior fit-outs for corporate and commercial spaces, including offices, research and development (R&D) facilities, laboratories, airport lounges, flexible workspaces, and retail spaces. As of December 31, 2024, the company has an order book of 47 ongoing projects, totaling a contract value of Rs 434.86 crore, covering an area of approximately 40 lakh square feet.
In the first half of FY2024 (ending September 2024), Eleganz Interiors reported revenue of Rs 192.09 crore and a profit after tax (PAT) of Rs 9.53 crore. For the fiscal year 2024, the company posted a revenue from operations of Rs 221.29 crore and a PAT of Rs 12.2 crore.
Vivro Financial Services is the sole book-running lead manager for the IPO, while Bigshare Services will serve as the registrar to the issue.