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

04 Feb 2025 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..