Eleganz Interiors IPO : GMP, Price & Date

Eleganz Interiors IPO-Complete Overview

Eleganz Interiors IPO under the SME IPO category is a book-build issue of Rs.78.07 Cr (60.05 lac Shares) by Eleganz Interiors Limited, which was incorporated in 1996. The company has offered interior solutions for firms, laboratories, and even airport lounges.  

The company offers fit-out services for offices, research and development centers, laboratories, airport lounges, flexible work areas, commercial spaces, and retail outlets and applies for local tenders from major local and international companies, PMCs, and foreign property consultants for design and build (D&B) and general contractor (GC) services.  

The company comprises qualified engineers, architects, designers, project management executives, and other staff necessary to complete projects on time, to the necessary standards of compliance and quality, and works with outside consultants to ensure timely completion of projects.  

Business Segment:  

The company provides an all-inclusive service for design and build contracts, such as design, shop drawing procurement, resource allocation, project execution, and after completion of the project.  

The company carries out and completes a broad range of civil, mechanical, and electrical work and all final refinements: (Installation, Finishes, Inspection, and Touching.)

 

Eleganz Interiors IPO Overview

This Eleganz Interiors IPO date is 07 February 2025, and its ‘initial public offering’ will end on 11 February 2025.    

This Rs.78.07 crore new SME IPO comprises a totally fresh issue of 60.05 lac Shares.

This upcoming IPO date is on 07 Feb 2025. The Eleganz Interiors IPO Price is Rs.123 to Rs.130 for each Share. 

The expected IPO listing date is 14 Feb 2025, and the listing at NSE and SME.

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Company Financial

(Amount in Cr)

 

Cash Flows

The cash flows for various activities are mentioned below:

(Amount in lac)

 

Industry-wise Revenue Breakdown 

(Amount in lac)

 

State-wise Revenue Breakdown 

(Amount in lac)

(Source: RHP)

 

The Objective of The Issue

• To fulfill the need for working capital.

• Repayment of some of the company's borrowed funds, either in full or in part.

• General corporate purposes.

 

Peers of Eleganz Interiors Ltd. 

There are no listed companies in India engaged in the same business of comparable size.

 

Evaluation

The IPO price is Rs.123 to Rs.130 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.7.95 from the last year, the resulting P/E ratio is 16.35x.

Considering the weighted EPS of Rs.6.76 for the last three years, the P/E ratio is 19.23x.

Comparative Analysis With Listed Peers

No listed peers, hence no comparison is possible.

 

IPO's Strengths

• A competent and specialized team for designing, engineering, and executing.

• Proven in diverse areas of service across various industries.

• Quality and sustainability standards adhered to.

• Strong presence in key economic hubs of India.

• Woodwork facility in-house.

 

IPO’s Weaknesses

• Dependence on Key Clients - The company's revenue heavily relies on a few clients. This creates a risk whereby losing any of the major clients would negatively affect the company’s operations, finances, and cash flows.  

• Supply Chain Disruptions - The company relies on outside vendors for raw and or finished goods. Any delays or failures in procurement could have negative operational and profitability consequences. 

• Market Risks and Economic Fluctuations - Services provided by the company are affected by major economic variables, including inflation, interest rates, and changes in regulations which affect the economy and consequently, the firm’s services. 

• Labour and Talent Dependency - For the execution of the firm’s projects, it employs both skilled and unskilled workers. Lack of or disruption to, the workforce may negatively affect operational activities and increase costs.

 

Eleganz Interiors IPO GMP 

Eleganz Interiors IPO GMP is Rs.45 as of 04 Feb 2025.

IPO Timetable (Tentative)

The IPO date is February 07, with allotment on February 12, refund initiation on February 13, and listing on 14 February 2025.

 

Eleganz Interiors IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 60,05,000 Shares (Rs.78.07 Cr).

 

Eleganz Interiors IPO Lot Details 

The Eleganz Interiors Energy Limited IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1000 Shares) amounting to Rs.1,30,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2000 Shares) amounting to Rs.2,60,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Eleganz Interiors Ltd.

• Sameer Akshay Pakvasa.

 

IPO Lead Managers

Vivro Financial Services Private Limited.

Dividend Policy

The company has not declared a dividend in the last three years.

Conclusion

Eleganz Interiors IPO is a book-built issue with a price of Rs.130. The company is well-established in the field of interior solutions, but it has risks with client dependency and market fluctuations. The funds raised will be put to use in working capital, paying back loans, and other corporate purposes. Investors are advised to analyze financials, growth potential, and all associated risks before investing.

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DISCLAIMER: NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company  Click Here to Download the DRHP.

DISCLAIMER: This is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions. 

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