Interiors and More Limited IPO - Review & Fundamental Analysis

Interiors and More Limited IPO 

Interiors and More consists of a fresh Issue of 18,50,400 equity shares. The company intends to utilize the funds raised for repayment, prepay debt, meet working capital needs, and fulfill general corporate purposes. 

Interiors and More IPO  – Important Details 

Interiors and More IPO DateFebruary 15, 2024 to February 20, 2024
Interiors and More IPO Listing DateFebruary 23, 2024
Interiors and More IPO PriceINR 216-227 per share
Interiors and More IPO Lot Size600 Shares
Interiors and More IPO Total Issue SizeINR 42 crores
Interiors and More IPO Basis of AllotmentFebruary 21, 2024
Interiors and More IPO Initiation of RefundsFebruary 22, 2024
Interiors and More IPO Credit of Shares to DematFebruary 22, 2024
Interiors and More IPO Issue TypeBook Built Issue
Interiors and More IPO Listing AtNSE SME

Interiors and More Limited IPO – Company Profile 

Interiors and More, established in 2012, began trading artificial flowers, later expanding into various décor items, manufacturing in-house, sourcing globally, and employing creative marketing strategies for sustained growth. 

The company’s primary revenue is from artificial flowers, plants, and leaves sales. They’ve established a reputable position in this market segment, focusing on quality materials, realistic design, and customer satisfaction. 

Continuously investing in developing and expanding various product categories to offer a comprehensive range, diversify revenue streams, and cater to diverse customer needs for sustained growth and market presence. 

Interiors & More Ltd IPO – Fundamental Analysis 

Interiors & More Ltd’s IPO financials showcase rapid revenue growth, significant profitability increases, and strong equity expansion, highlighting its potential as a promising investment in the interior sector with impressive operational efficiency and financial health.

Revenue Growth:

The company has seen an impressive increase in revenue, from ₹642.73 lakhs in 2021 to ₹2,485.66 lakhs in 2023. This substantial growth indicates a successful expansion of its business and increasing market demand for its products or services.

Equity Expansion:

Equity has more than tripled from ₹300.63 lakhs in 2021 to ₹995.21 lakhs in 2023, reflecting strong investor confidence and the company’s ability to reinvest earnings effectively.

Profitability:

Profit after tax has seen a remarkable increase, from ₹43.33 lakhs in 2021 to ₹592.84 lakhs in 2023, showcasing the company’s growing efficiency and profitability.

Return on Net Worth (RoNW):

The RoNW has dramatically increased to 59.57% in 2023, indicating an exceptional ability to generate profits from shareholders’ equity.

Diluted EPS:

The Diluted EPS has significantly increased to ₹11.52 in 2023 from ₹1.42 in 2021, highlighting the company’s enhanced earnings power per share.

Asset and Liability Management:

Total assets have more than doubled, reflecting the company’s investment in growth and operational capacity. While liabilities have also increased, the company’s asset growth outpaces its liabilities, suggesting a solid financial structure.

NAV per Equity Share:

The NAV per equity share has nearly tripled, from ₹6.62 in 2021 to ₹19.34 in 2023, indicating an increase in the intrinsic value of the company’s shares.

Interiors & More Ltd IPO Financial Information 

ParticularAs of 31 March 2021As of 31 March 2022As of 31 March 2023
Revenue (₹ in lakhs)642.73989.162,485.66
Equity (₹ in lakhs)300.63405.07995.21
Expenses (₹ in Million)623 .92855 .201,731.16
Profit and Loss After Tax (₹ in lakhs)43.33104.44592.84
RoNW (%)21.4025.7859.57
Diluted EPS only (₹)1.422.0311.52
NAV per Equity Share (₹)6.627.8719.34
Total Assets (in lakhs)1,478.301,952.133,094.63
Total Liabilities (in lakhs)1,177.671,547.062,099.42

Interiors and More IPO Peer Comparison 

Interiors and More Limited has no listed peer group operating in the same line of business. 

Interiors and More Limited IPO Objective 

The main objectives of Interiors and More are repayment, prepayment of debt, and meeting working capital needs. 

  1. Repayment/Prepayment of Certain Debt Facilities: The company proposes to utilize an aggregate amount of up to INR 4.5 crores from the net proceeds towards repayment/ prepayment, in part or in full, of certain outstanding loans of the company aiming to enhance financial health by utilizing proceeds to repay loans. 
  1. To Meet Working Capital Requirements: The company intends to meet its working capital requirements to INR 25 crores from the net proceeds of this issue, and the balance will be met from internal accruals at an appropriate time as per the requirement.
  1. General Corporate Purposes:  The company plans to deploy the balance funds towards the general corporate goals, including brand building, marketing, and meeting corporate needs within regulatory compliance under strategic initiatives.  

Interiors and More IPO Risks And Challenges 

Interiors and More risks include uncertain leases, trend-dependent success, and prolonged inventory turnover, necessitating high working capital, potentially impacting profitability adversely for the company. 

  • Their company’s premises in Mumbai and Bhiwandi, Maharashtra, including the registered office, showroom, and warehouse, are leased. Future lease terms are uncertain, which may disrupt operations and adversely affect financial stability.  
  • Their company manufactures high-quality artificial flowers and decorative materials, catering to various businesses, focusing on weddings. Their success relies on adapting designs to evolving trends and understanding customer needs through feedback, ensuring continuous growth. 
  • Their company manufactures and trades artificial flowers, grass, plants, vases, and decorative materials. With a comprehensive product range, selling stock takes 350-700 days, leading to high working capital needs and risks of inventory loss impacting profitability. 

Interiors & More Ltd IPO – Industry & Market Potential 

India’s manufacturing sector, including automotive, engineering, and pharmaceuticals, accounts for 16-17% of GDP, aiming for 25% by 2025. Government initiatives target Industry 4.0, seeking to spur growth in key sectors.

India’s manufacturing sector achieved record exports of US$ 447.46 billion in FY23, with an estimated GVA of US$ 626.5 billion in FY22. It was projected to add over US$ 500 billion annually to the global economy by 2030. 

India’s manufacturing sector attracts foreign investment, with mobile, luxury, and automobile brands establishing bases. They are predicted to reach $1 trillion by 2025, aided by GST implementation, creating a common market with vast potential for investors. 

Interiors and More IPO  – Type of Offer 

Interiors and More will have a fresh issue of 18,50,400 equity shares. The company intends to utilize the funds raised for repayment, prepay debt, meet working capital needs, and fulfill general corporate purposes.

Interiors & More Ltd IPO Offer Size 

The offer size of Interiors and More is INR 420 lakhs. The company intends to utilize the funds raised for repayment, prepay debt, meet working capital needs, and fulfill general corporate purposes.  

Interiors and More IPO Allotment Structure

Interiors and More Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 93,000 shares for Market Makers.

  • Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
  • Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
  • Market Maker Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 93,000 shares for this purpose.

How to apply for an Interiors and More IPO through Alice Blue?

To apply for the Interiors and More IPO through Alice Blue, you would typically follow these steps:

  1. Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
  2. Check for IPO Details: Once your account is active, you can check for the Interiors and More IPO details in the IPO section of the Alice Blue platform.
  3. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
  4. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Interior and More  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 to check the Interiors and More IPO allotment status on Alice Blue?

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

 Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app. 

  1. 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.
  2. 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.
  3. Select the Interiors and More 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 Interiors and More IPO.
  4. 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, it’s recommended to contact Alice Blue’s customer support for detailed assistance.

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

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

NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status. 

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

Interiors and More Limited IPO Offer Registrar

The registrar for the Interiors and More 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,

Maharashtra, India

Tel: 022 – 6263 8200

E-mail: [email protected]

Website: www.bigshareonline.com

Interiors and More IPO FAQs

1. What is the allotment date of the Interiors and More IPO? 

The allotment date of Interiors and More IPO is February 21, 2024.

2. What is the price band of Interiors and More IPO? 

The price band of the company is INR 216-227 per share.

3. What is the size of the Interiors and More IPO? 

Interiors and More consists of a fresh Issue of 18,50,400 equity shares. The company intends to utilize the funds raised for repayment, prepay debt, meet working capital needs, and fulfill general corporate purposes. 

4. What is the listing date of the Interiors and More IPO? 

The listing date for Interiors and More IPO is February 23, 2024.

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