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Eleganz Interiors: Eleganz Interiors shares get listed at 6.15% discount!

Eleganz Interiors debuted weak on NSE SME at ₹122 on February 14, 6.15% below its ₹130 IPO price. The ₹78.07 crore IPO was open for subscription from February 7 to 11.
Eleganz Interiors debuts weak on NSE SME, lists at ₹122, 6.15% below IPO price.

Eleganz Interiors had a weak NSE SME debut on February 14, listing at ₹122, 6.15% below its ₹130 IPO price. The ₹78.07 crore IPO was open for subscription from February 7 to 11, with a fixed issue price of ₹130 per share.

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Eleganz Interiors IPO saw strong demand, subscribed 30.65 times after three days of bidding. It received 12.24 crore bids for 39.94 lakh shares. Retail was booked 21.44 times, NIIs 60.42 times, and QIBs 24.45 times during the subscription period.

Eleganz Interiors, founded in 1996, specializes in interior fit-out solutions for corporate and commercial spaces, including offices, R&D facilities, and airport lounges. Offering Design & Build and General Contracting services, it has completed over 200 projects across India, ensuring functional and aesthetically appealing interiors.

Also Read: Stock jumps 5% after it receives order from Jindal Stainless

The objective of Eleganz Interiors’ IPO is to raise funds for business expansion, working capital requirements, and general corporate purposes. The company aims to strengthen its financial position, enhance operational capabilities, and support future growth in the interior fit-out solutions sector.

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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