Eleganz Interiors IPO Live
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Schedule of Eleganz Interiors
| Issue open date | 07 Feb 2025 |
| Issue close date | 11 Feb 2025 |
| UPI mandate deadline | 11 Feb 2025 (5 PM) |
| Allotment finalization | 12 Feb 2025 |
| Refund initiation | 13 Feb 2025 |
| Share credit | 13 Feb 2025 |
| Listing date | 14 Feb 2025 |
| Mandate end date | 26 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 14 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 13 May 2025 |
Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.
About Eleganz Interiors
Eleganz Interiors Limited specialises in interior fit-out solutions for diverse commercial spaces across India. Offering design-and-build and General Contracting services, the company focuses on high-quality execution and budget optimisation to meet client needs. With a track record of over 200 projects covering 45 lakh sq ft, Eleganz has an extensive order book and is recognised for sustainable practices with LEED certifications.
Financials of Eleganz Interiors
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹78.07 crores |
| Fresh Issue | ₹78.07 crore |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of borrowings | 25 (32.03%) |
| Working capital requirements | 30 (38.41%) |
| General corporate purposes | 23.07 (29.56%) |
Strengths
- Specialises in comprehensive interior fit-out solutions across India.
- Offers full services from design to execution, showcasing robust capabilities.
- Extensive experience with over 200 projects and a strong operational track record.
Risks
- Vulnerable to economic downturns affecting construction and real estate sectors.
- Dependent on government and regulatory approvals, impacting project timelines.
- Financial risks from high leverage or poor credit management.
Allotment Status for Eleganz Interiors
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Subscription Figures for Eleganz Interiors
Subscription numbers as of 5:00 PM on 7 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 11.41 | 1.16 | 0.1x |
| HNI (₹2L+) | 8.56 | 11.36 | 1.33x |
| Retail (upto ₹2L) | 19.97 | 39.69 | 2.00x |
| Total | 39.94 | 52.21 | 1.31x |