+
Eleganz Interiors IPO to Launch on February 7 with Price Band of Rs 123-130
Interiors

Eleganz Interiors IPO to Launch on February 7 with Price Band of Rs 123-130

Eleganz Interiors, a leading provider of interior fit-out solutions in India, today announced its initial public offering (IPO) will open for subscription on Friday, February 7, 2025, and close on Tuesday, February 11, 2025. The anchor book will open on Thursday, February 6, 2025. The company aims to raise Rs 780.06 million and list on the NSE Emerge platform. The price band has been fixed at Rs 123-130 per share, with a lot size of 1,000 equity shares.

The IPO consists of a fresh issue of 60.05 lakh equity shares with a face value of Rs 10 each, offered through the book-building process. Vivro Financial Services is the sole Book Running Lead Manager, and Bigshare Services is the Registrar to the Issue.

The allocation breakdown is as follows:

• Market Maker: 3,01,000 shares • Non-Institutional Investors: 8,56,000 shares • Qualified Institutional Investors: 28,51,000 shares • Retail Investors: 19,97,000 shares

Eleganz Interiors plans to use Rs 250 million from the IPO proceeds to repay a portion of its outstanding borrowings, Rs 300 million for working capital requirements, and the remaining funds for general corporate purposes.

Eleganz Interiors specialises in crafting corporate and commercial spaces, including offices, R&D facilities, laboratories, airport lounges, flexible workspaces, and retail spaces. With a manufacturing facility in Mumbai and warehouses in Mumbai, Pune, and Bangalore, the company serves clients across India. As of December 31, 2024, its order book includes 47 on-going projects with a total contract value of Rs 4.34 billion, covering approximately 40 lakh sq ft of development.

The company also has branch offices in Bangalore, Pune, Hyderabad, Gurugram, Ahmedabad, and Chennai, and international presence through subsidiaries and associate companies in Rwanda and Singapore.

Eleganz Interiors is led by Sameer Akshay Pakvasa, a second-generation leader with two decades of experience in the industry. As of September 30, 2024, the company employed over 155 designers, architects, and engineers.

In the first half of the current fiscal year (ending September 2024), Eleganz Interiors reported revenue from operations of Rs 1.92 billion and a profit (PAT) of Rs 90.53 million. In FY24, the company achieved revenue from operations of Rs 2.21 billion and a profit (PAT) of Rs 120.2 million.

Eleganz Interiors, a leading provider of interior fit-out solutions in India, today announced its initial public offering (IPO) will open for subscription on Friday, February 7, 2025, and close on Tuesday, February 11, 2025. The anchor book will open on Thursday, February 6, 2025. The company aims to raise Rs 780.06 million and list on the NSE Emerge platform. The price band has been fixed at Rs 123-130 per share, with a lot size of 1,000 equity shares. The IPO consists of a fresh issue of 60.05 lakh equity shares with a face value of Rs 10 each, offered through the book-building process. Vivro Financial Services is the sole Book Running Lead Manager, and Bigshare Services is the Registrar to the Issue. The allocation breakdown is as follows: • Market Maker: 3,01,000 shares • Non-Institutional Investors: 8,56,000 shares • Qualified Institutional Investors: 28,51,000 shares • Retail Investors: 19,97,000 shares Eleganz Interiors plans to use Rs 250 million from the IPO proceeds to repay a portion of its outstanding borrowings, Rs 300 million for working capital requirements, and the remaining funds for general corporate purposes. Eleganz Interiors specialises in crafting corporate and commercial spaces, including offices, R&D facilities, laboratories, airport lounges, flexible workspaces, and retail spaces. With a manufacturing facility in Mumbai and warehouses in Mumbai, Pune, and Bangalore, the company serves clients across India. As of December 31, 2024, its order book includes 47 on-going projects with a total contract value of Rs 4.34 billion, covering approximately 40 lakh sq ft of development. The company also has branch offices in Bangalore, Pune, Hyderabad, Gurugram, Ahmedabad, and Chennai, and international presence through subsidiaries and associate companies in Rwanda and Singapore. Eleganz Interiors is led by Sameer Akshay Pakvasa, a second-generation leader with two decades of experience in the industry. As of September 30, 2024, the company employed over 155 designers, architects, and engineers. In the first half of the current fiscal year (ending September 2024), Eleganz Interiors reported revenue from operations of Rs 1.92 billion and a profit (PAT) of Rs 90.53 million. In FY24, the company achieved revenue from operations of Rs 2.21 billion and a profit (PAT) of Rs 120.2 million.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?