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Eleganz Interiors IPO Review

Eleganz Interiors Limited is coming up with an IPO consisting of a fresh issue of  60,05,000 equity shares with a face value of Rs. 10  per share. The company aims to repay the borrowings of the company, to fund the working capital requirements, and for other general corporate purposes.

Eleganz Interiors IPO – Important Dates

Eleganz Interiors Limited IPO DateFebruary 7, 2025, to February 11, 2025
Eleganz Interiors Limited IPO Listing DateFebruary 14, 2025
Eleganz Interiors Limited IPO Price₹123 to ₹130 per share
Eleganz Interiors Limited IPO Lot Size1,000 Shares
Eleganz Interiors Limited IPO Total Issue Size60,05,000 shares
Eleganz Interiors Limited IPO Basis of AllotmentFebruary 12, 2025
Eleganz Interiors Limited IPO Initiation of RefundsFebruary 13, 2025
Eleganz Interiors Limited IPO Credit of Shares to DematFebruary 13, 2025
Eleganz Interiors Limited IPO Issue TypeBook Built Issue IPO
Eleganz Interiors Limited IPO Listing AtNSE SME

Read more about Eleganz Interiors Limited IPO GMP

Eleganz Interiors Limited IPO – Company Profile

Eleganz Interiors Limited, incorporated in 1996, is engaged in the business of providing interior fit-out solutions dedicated to crafting corporate & commercial spaces, which include corporate offices, research & development facilities, laboratories, airport lounges, flexible workspace, and commercial retail spaces, amongst others.

Eleganz Interiors solutions range from bare shells to fully furnished commercial spaces. Eleganz Interiors’ range of services includes Design & Build services and General Contracting services. They focus on elevating the aesthetic and functional aspects of workspaces by delivering interior fit-out solutions. 

Their services are focused on creating captivating and functional spaces on a pan-India level. The company employs a team of qualified engineers, architects, designers, and project management professionals supported by third-party consultants to ensure timely project completion, compliance, and quality standards.

Eleganz Interiors Ltd IPO Fundamental Analysis

Eleganz Interiors Limited’s financial analysis reveals a mixed performance. Revenue has increased, but declining profitability, EPS, RoNW, and liquidity highlight challenges despite asset growth, rising equity, and improved inventory turnover, indicating potential operational efficiency. 

  • Revenue Trend: The revenue increased from ₹19,025.86 lakhs in March 2023 to ₹22,129.19 lakhs in March 2024. 
  • Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing. 
  • Profitability: The profit after tax (PAT) has increased from ₹1,031.13 lakhs in March 2023 to ₹1,220.58 lakhs by March 2024. This increase in profitability could attract investors. 
  • Earnings per Share (EPS): The diluted EPS has increased from ₹6.71 in March 2023 to ₹7.95 by March 2024, reflecting increasing earnings per share for investors. 
  • Return on Net Worth (RoNW): The RoNW has decreased from 30.32% to 26.96%, indicating a decrease in the company’s ability to generate returns on shareholder equity. 
  • Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations. 

Eleganz Interiors IPO Financial Analysis

ParticularAs of 31 March 2022As of 31 March 2023As of 31 March 2024
Revenue (₹ in lakhs)15,383.0319,025.8622,129.19
Equity (₹ in lakhs)2,885.213,916.355,136.93
Expenses (₹ in lakhs)15,023.3418,066.1520,700.12
Profit and Loss After Tax (₹ in lakhs)509.381,031.131,220.58
Diluted EPS only (₹)3.326.717.95
Return on Net Worth (%)19.6430.3226.96
NAV per Equity Share (₹)33.44
Total Assets (in lakhs)10,303.3911,619.2317,211.95
Debt-Equity Ratio0.780.720.83
Current Ratio (in times)1.271.451.37

Eleganz Interiors Limited IPO Peer Comparison

No listed companies in India or globally engage in a business similar to that of Eleganz Interiors Limited. Accordingly, it is not possible to provide an industry comparison in relation to their company.

Eleganz Interiors Ltd IPO Objective

The main objective of Eleganz Interiors Limited is to repay the borrowings of the company, to meet the working capital requirements, and for other general corporate purposes.

1. Repayment, in full or in part, of certain borrowings availed by the Company: The company intends to utilise ₹ 2,500.00 lakhs from Net Proceeds towards repayment of full or part of the principal amount on working capital loans availed by it. The loans have been availed by the company from HDFC Bank Limited and Bank of Baroda.

2. To meet working capital requirements: They propose to utilise ₹ 3,000.00 lakhs from net proceeds to fund the working capital requirements of the Company in fiscal 2025 and 2026. Out of ₹3000.00 lakhs company intends to utilise ₹ 2,000.00 lakhs in fiscal 2025 and incremental utilise of ₹1,000.00 lakhs in fiscal 2026.

3. General Corporate Purposes: The balance to be utilised for funding the growth opportunities, including strategic initiatives, meeting expenses, and other expenses incurred in the ordinary course of business which the company may face in the course of business, and any other purpose as may be approved by the Board or a duly appointed committee from time to time.

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Eleganz Interiors IPO Risks And Challenges

Eleganz Interiors IPO risks include dependence on repeat clients, outsourcing risks, working capital intensity, and regulatory compliance issues.

  • The company derives a significant portion of its revenues from repeat clients. Any loss or a significant reduction in the number of repeat clients could adversely affect their business, affecting their operations, financial conditions, and cash flows.
  • The company outsources certain operations of its business, such as transport, logistics, and certain manufacturing activities, to third parties. Any failure by such third parties to deliver those services could have an adverse impact on their business.
  • Their business is working capital intensive. If they experience insufficient cash flows or are unable to access suitable financing to meet working capital requirements and loan repayment obligations, their business, financial condition, and results of operations could be adversely affected.
  • There have been some instances of delay and discrepancies with respect to the filing of certain forms with the Registrar of Companies in the past, which may be subject to regulatory actions and penalties.

Eleganz Interiors Ltd IPO – Industry & Market Potential

As the commercial real estate sector continues to expand, particularly in major cities like

Mumbai, Delhi, and Bengaluru, there is an increased demand for high-quality interior fit-out

services. Office spaces, retail stores, and hospitality sectors are key areas driving this growth.

With the rapid growth of the IT and tech industry, there is a rising need for modern, flexible

workspaces. Companies are investing in state-of-the-art office interiors to attract and retain

talent. The expansion of healthcare and educational institutions is creating opportunities for specialised fit-out services. Hospitals and schools require tailored interior solutions to enhance functionality and comfort.

Government projects, including smart city developments and public infrastructure upgrades, are

generating opportunities for interior fit-out services in public and semi-public spaces. With many existing buildings needing modernisation, there is a strong market for renovation and retrofit fit-out services, offering the potential for contractors to work on upgrading outdated interiors.

Eleganz Interiors Limited IPO – Type of Offer

Eleganz Interiors Limited plans a fresh issue of 60,05,000 equity shares with a face value of Rs.10 per share, seeking the amount to repay the borrowings of the company, to meet the working capital requirements, and for other general corporate purposes.

  1. Fresh Issue: The company will issue 60,05,000 new shares to raise capital. The company intends to utilise the proceeds from the fresh issue to repay borrowings and for other day-to-day business purposes.

Eleganz Interiors IPO Offer Size

The offer size of Eleganz Interiors Limited consists of a fresh issue of 60,05,000 shares with a face value of Rs.10 per share. The company aims to repay borrowings, meet the working capital requirements, and for other general corporate purposes. 

Eleganz Interiors Limited IPO Allotment Structure

Eleganz Interiors Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 

Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

How to apply for the Eleganz Interiors IPO?

To apply for the Eleganz Interiors IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

  1. Check for IPO Details: Once your account is active, you can check for the Eleganz Interiors Limited IPO details in the IPO section of the Alice Blue platform.
  2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
  3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Eleganz Interiors IPO Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Eleganz Interiors IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

  1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
  2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
  3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
  4. Select the Eleganz Interiors IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Eleganz Interiors.
  5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

Apart from Alice Blue, there are other ways to check the allotment status of the Eleganz Interiors IPO:

Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Eleganz Interiors IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Eleganz Interiors Ltd IPO Offer Registrar

The registrar for the Eleganz Interiors Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar:

Bigshare Services Private Limited

Office No S6-2, 6th floor Pinnacle Business Park, 

Next to Ahura Centre, Mahakali Caves Road, 

Andheri (East) Mumbai –400 093, India.

Telephone: +91 22 6263 8200

E-mail Id: [email protected]

Website: www.bigshareonline.com

Eleganz Interiors IPO – FAQs

1. What is the allotment date of the Eleganz Interiors IPO?

The allotment date of the Eleganz Interiors IPO is February 12, 2025.

2. What is the price band of the Eleganz Interiors IPO?

The price band of the Eleganz Interiors IPO is ₹123 to ₹130 per share.

3. What is the size of the Eleganz Interiors IPO?

The size of the Eleganz Interiors IPO is 60,05,000 equity shares with a face value of Rs.10 per share.

3. What is the listing date of the Eleganz Interiors IPO?

The listing date of the Eleganz Interiors IPO is February 14, 2025.

4. Where is the Eleganz Interiors IPO Getting Listed?

The Eleganz Interiors IPO is getting listed on the National Stock Exchange(NSE).

5. What Are The Open And Close Dates Of The Eleganz Interiors Limited IPO?

The open and close dates of the Eleganz Interiors Limited IPO are February 7, 2025, and February 11, 2025.

6. How To Apply For Eleganz Interiors Ltd IPO in Alice Blue?

To apply for the Eleganz Interiors Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and check allotment status. Allotment depends on demand, and shares are not guaranteed.

7. Who is The Book Runner For The Eleganz Interiors IPO?

The Book Runner for the Eleganz Interiors IPO is Vivro Financial Services Private Limited. 

Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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