Interiors & More Limited IPO Closed

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IPO date 15 Feb 2024 – 20 Feb 2024
Listing date 23 Feb 2024
Price range 216 – 227
Minimum order quantity 600
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Interiors & More Limited is launching its IPO. The IPO opens for subscription on 15th February and will close on 20th February 2024.

Disclaimer: This stock will trade with a lot size of 600 shares in the SME segment on the listing.

What does Interiors & More Limited do?

Incorporated in July 2012 as Interiors & More Private Limited, the company later rebranded as Interiors & More Limited in January 2023. Operating primarily as a manufacturer and trader, it specializes in providing quality artificial flowers, plants, and various home and office décor items. The company established its first manufacturing facility in 2021 at Plot No. 301/1, II Phase, GIDC, Umargam, District Valsad, Gujarat, with subsequent expansion to other locations including Mumbai and Delhi.

The company provides a wide range of products, including artificial flowers like Roses and Yellow Marigolds, as well as decorative items such as Fountains, Candles, and Chandeliers. Furthermore, it organizes exhibitions across India to display its product range.

As of December 31, 2023, the company has a staff of 93 permanent employees. Its main corporate office, situated in Fort, Mumbai, functions as the central hub for administrative and factory support operations, overseeing business activities.

Schedule/Timeline of Interiors & More Limited IPO

Issue Period 15th February to 20th February 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment February 21, 2024
Initiation of Refunds February 22, 2024
Credit of Shares February 22, 2024
Date of Listing February 23, 2024
Mandate end date March 06, 2024
Anchor Investors Lock-In End Date (50% of the investment) March 22, 2024
Anchor Investors Lock-In End Date (Remaining investment) May 21, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How to apply to the Interiors & More Limited IPO?

You can apply for the Interiors & More Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Interiors & More Limited IPO?

You can check the allotment status for the Interiors & More Limited IPO on the website of the Registrar and Transfer agent.