/ 1000 shares
Eleganz Interiors IPO Details
Issue Date
--
Investment/lot
--
Price Range
--
Lot Size
1000
IPO Size
₹ 0.00 Cr
IPO Listing Details
Listing On
14 Feb'25
Issue Price
--
Listed Price
₹ 122
Retail Gain/Listing Gain
â–¼-6.15%
Schedule of Eleganz Interiors IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
14/02/2025
About Eleganz Interiors IPO
Eleganz Interiors Limited IPO is an IPO of up to 60,05,000 equity shares. It consists of a fresh issue of up to 60,05,000 equity shares. The price range of the IPO is TBA and the lot size is TBA. The shares will be listed on TBA. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA, and the initiation of refunds will take place on TBA.
Objective of Eleganz Interiors IPO
- Repayment, in full or in part, of certain borrowings availed by the company.
- To meet working capital requirements.
- General corporate purposes.
Eleganz Interiors IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | -- |
Fresh Issue | Up to 60,05,000 Equity Shares |
EPS (₹) | 7.95 |
For the year ended March 31, 2024 |
Eleganz Interiors IPO Lot Size
| Investor Category | Shares Offered |
|---|---|
QIBs Share Offered | Not more than 50% |
Non-Institutional Bidders (NIBs) | Not less than 15% |
Retail Individual Bidders | Not less than 35% |
Industry Outlook
In commercial real estate, interior fit-out services are vital for transforming offices, retail stores, and hospitality spaces into operational environments that meet the specific needs of businesses. With the rise of flexible workspaces and global multinationals entering India, the demand for fit-out services has significantly increased. The sector is characterised by custom-designed solutions that emphasise modernity, sustainability, and functionality.
The Indian office fit-out market has seen remarkable growth, rising from ₹15,400 crore in CY20 to ₹27,700 crore in CY23, and is projected to reach ₹80,500 crore by CY30F, with a CAGR of 16.5%. This expansion is closely tied to increasing office leasing activity and changing workplace needs.
Indian businesses are increasingly adopting a variety of fit-out typologies, ranging from basic hybrid to advanced hybrid models. This trend underscores a shift towards more adaptable and versatile office designs that accommodate different work styles and functions. The diverse typologies reflect a broader movement towards creating dynamic and flexible work environments.
Company Information
They are engaged in the business of providing interior fit-out solutions, dedicated towards crafting corporate & commercial spaces, which include corporate offices, research & development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces, amongst others. Their solutions range from bare shell to fully furnished commercial spaces. Their range of services includes Design & Build services (D&B) and General Contracting (GC) services. They have a team of experienced and qualified engineers, architects, designers, and project management professionals, both in-house and on a retainer basis, which enables them to undertake their projects in a timely and efficient manner. Their team is also supported by third-party consultants and industry experts to ensure compliance with quality standards laid down by the industry and government agencies and departments.
Strengths of Eleganz Interiors IPO
Experienced and qualified design, engineering, and execution team.
They have a team of experienced and qualified engineers, architects, designers, and project management professionals, both in-house and on a retainership basis, to undertake critical aspects of their projects such as design, shop drawings, resource planning and procurement of materials, project execution, final walkthrough and handing over of projects, and providing post-project support.
Proven track record of diversified service offerings encompassing a wide range of industries.
Their historical performance showcases a track record of successfully delivering interior solutions to a wide range of industries, such as information technology, manufacturing, banking, financial services, insurance services, pharmaceutical and healthcare, FMCG, oil and gas, educational institutes, real estate and infrastructure development, and renewable energy.
In-house woodwork facility.
They have a dedicated woodwork factory in Mumbai that allows controlled and optimised supply of required fit-outs for their projects as per their requirements. It leads to increased efficiency and precision in the project execution process by ensuring woodwork is of high quality and meets clients’ exact specifications.
Risks of Eleganz Interiors IPO
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They outsource certain operations of their business, such as transport, logistics, and certain manufacturing activities, to third parties. Any failure by such third parties to deliver their services could have an adverse impact on their business, results of operations, financial condition, and cash flows.
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Failure or any disruption of their information technology systems may adversely affect their business, results of operations, financial condition, and cash flows.
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If inflation were to rise in India, they might not be able to increase the prices of their products at a proportionate rate to pass costs on to their clients, thereby reducing their margins.
Eleganz Interiors IPO Financials
IPO Registrar and Book Running Lead Managers
Book running lead managers: Vivro Financial Services Private Limited
**Registrar for the IPO **:Bigshare Services Private Limited
Business Model
The company earns its revenue by providing interior fit-out solutions, dedicated towards crafting corporate & commercial spaces, which include corporate offices, research & development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces, amongst others.
Company Growth Trajectory
Over the past three fiscal years, their financial performance has shown consistent growth. From fiscal 2022 to fiscal 2024: (i) their total income has grown from ₹15.53 crores in fiscal 2022 to ₹22.31 crores in fiscal 2024 at a CAGR of 19.84%; (ii) their EBITDA has grown from ₹6.79 crores in fiscal 2022 to ₹19.81 crores in fiscal 2024 at a CAGR of 70.77%; and (iii) their net profit has grown from ₹5.09 crores in fiscal 2022 to ₹12.21 crores in fiscal 2024 at a CAGR of 54.80%.
Company Market Position
They have their presence across major economic and financial centres across India, i.e., Mumbai, Bengaluru, Hyderabad, Pune, NCR, Chennai, Ahmedabad, and Bhopal. They have branch offices and sales teams across these major economic hubs. Their woodwork is conducted at their manufacturing facility located in Mumbai, supported by their warehouses located in Mumbai, Pune, and Bangalore. They have also executed projects in tier-2 cities such as Indore, Bhopal, Vadodara, Tirupati, Udaipur, and Goa. All these combined resource pools and outsourcing arrangements have helped them stretch their operations across India. They have recently expanded their operations internationally through one of their subsidiaries, Eleganz Infra & Projects Limited, located in the Republic of Rwanda, and an associate company, Eleganz Interiors Pte Ltd., that is located in Singapore.
Eleganz Interiors IPO FAQs
When is Eleganz Interiors IPO listing date?
Eleganz Interiors IPO will list on 2025-02-14.
What is the issue size of Eleganz Interiors IPO?
78.06 is the issue size of Eleganz Interiors IPO.
