fbpx

What was the last grey market premium of Eleganz Interiors IPO?

 For latest GMP, Click

Subscription status of Eleganz Interiors IPO

Eleganz Interiors IPO
(Day 1)

Price Rs. 130 Lot 1000 shares, Rs. ? Crore

QIB NII x RII x Total x Applications
         
Amount wise bids recd. Rs. ? Crore
Note: 

What is the business of Eleganz Interiors?

Established in 1996, Eleganz Interiors Limited specializes in providing comprehensive interior solutions for a wide range of sectors, including corporate offices, laboratories, airport lounges, flexible workspaces, and commercial retail spaces. The company focuses on offering high-quality fit-out solutions tailored to the needs of both corporate and commercial environments.

Eleganz Interiors actively participates in domestic tenders, submitting bids for projects from large domestic and multinational corporations, project management consultants, and international property consultants. The company offers Design and Build (D&B) and General Contracting (GC) services.

With a highly skilled team of engineers, architects, designers, and project management professionals, Eleganz Interiors ensures that all projects are completed on time, within budget, and in compliance with quality standards. The company is also supported by third-party consultants to deliver exceptional results.

Business Segments:

  • Design & Build (D&B) Services: The company provides end-to-end solutions that encompass design, shop drawings, resource planning, execution, and post-project support.
  • General Contracting (GC) Services: Eleganz Interiors offers comprehensive GC services, including civil, mechanical, electrical work, as well as final touches like installation, finishes, inspection, and touch-ups.

To date, the company has successfully completed over 200 projects, covering more than 4.5 million square feet of development. As of December 31, 2024, the company’s order book includes 47 ongoing projects across 12 cities.

As of December 30, 2024, Eleganz Interiors employs 63 permanent staff members and engages an additional 380 professionals on a retainership basis.

Get more information about the company @ http://www.eleganz.co.in/

Eleganz Interiors IPO Details

IPO opens on  7 February 2025
IPO closes on  11 February 2025
Issue Type Book Built Issue IPO
Issue Size 6005000 Shares /
Rs 78.07 Crore
* Fresh Issue 6005000 Shares /
Rs 78.07 Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion 301000 Shares
Net offer to Public 5704000 Shares/
Rs 79.47 Crore
Face Value per share Rs. 10
Price Band Rs. 123-130
Employee discount  Rs. 0 per share
Retail Lot Size  1000 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 2852000 37.08
HNI (15%)   855600 11.12
RII  (35%) 1996400 25.95
Total Shares  5704000 74.15
Retail portion will be
oversubscribed by 
1997
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1000 Shares Rs.13000
Min HNI Application  2000 Shares Rs. 26000

Who are the Promoters of Eleganz Interiors?

Sameer Akshay Pakvasa is the promoter of the company.

What are the Objects of Eleganz Interiors IPO?

The Company intends to utilize the gross proceeds raised through the Issue for the following objects:

  1. Repayment, in full or in part, of certain borrowings availed by the Company
  2. To meet working capital requirements
  3. General Corporate Purposes

 

Tentative timetable

IPO opens on 7 February 2025
IPO Closes on 11 February 2025
IPO Allotment on  12 February 2025
Refund Initiation  13 February 2025
Credit of Shares 13 February 2025
Listing on 14 February 2025
Registered Office of the Company
Eleganz Interiors Limited
Gala Nos. 1 – 7, Ground Floor, Sarita ‘B’,
Prabhat Industrial Estate, Western Express Highway
Dahisar (E), Mumbai – 400 068
Who is the Lead Manager of this IPO?
Vivro Financial Services Pvt Ltd 

Who is the Registrar to IPO?
Bigshare Services Pvt ltd

Eleganz Interiors IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Eleganz Interiors IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22 155.34   5.09    
2022-23 191.17 10.31    
2023-24  223.09 12.21 7.36 26.96
Book Value of the
Share on 31.03.2024
     
BV of the Share at
cap price after IPO
Rs.      
Offer Price/upper band Rs. 130    

Key Performance
indicators

Price/EPS of 23-24 17.67
Price/BV Ratio  
Debt/Equity Ratio 0.83

How Eleganz Interiors IPO compares with the Peers?

 There is no listed company having similar nature of business.

As per RHP FV Total PE
    Income in Ratio
    Rs. crore  
       
       
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Eleganz Interiors IPO Review by Paresh Gordhandas, CA & Research Analyst.

Established in 1996, Eleganz Interiors Limited specializes in providing comprehensive interior solutions for a wide range of sectors, including corporate offices, laboratories, airport lounges, flexible workspaces, and commercial retail spaces. The company focuses on offering high-quality fit-out solutions tailored to the needs of both corporate and commercial environments. This being a professional company, its existence and growth depends mainly on the professional skills of the promoter.

Apparently, the shares are offered at reasonable valuation, there are some aspects which require deeper scrutiny and addtional informtion. Compared to its topline of Rs. 233.09, the company has inventory of Rs. 52.57 crore, trade receivables of Rs. 57.13 crore, cash and equivalent of Rs. 31.90 crore and other short term advances given of Rs. 45.76 crore. These current assets appear to be on higher side.

+ from fundamental angle: so-so

+ from grey market angle: 

Quicklinks


Eleganz Interiors
 IPO GMP today allotment, review?

Eleganz Interiors IPO GMP grey market premium

Eleganz Interiors IPO GMP

Leave a Reply

Your email address will not be published. Required fields are marked *