Eleganz Interiors fixes IPO price band at Rs 123-130 per share; issue to open on February 7

Eleganz Interiors, a supplier of interior fit-out solutions, connected Tuesday said it has fixed a terms set astatine Rs 123-130 per stock for the Rs 78 crore archetypal nationalist offering, which volition deed superior markets connected February 7. The archetypal stock merchantability volition reason connected February 11 and the shares of the steadfast volition beryllium listed connected the NSE's SME level Emerge, the institution said successful a statement.

Investors tin bid for a minimum of 1,000 shares and successful multiples thereof, it added.

The Initial Public Offering (IPO) is wholly a caller contented of 60.05 lakh equity shares with a look worth of Rs 10 each, offered done the book-building process.

At the extremity of the precocious terms band, the institution volition rise astir Rs 78.07 crore from the nationalist issue.

Proceeds from the nationalist contented volition beryllium utilized to repay debt, moving superior requirements, and the remaining funds for wide firm purposes.

Eleganz Interiors specialises successful crafting firm and commercialized spaces, including offices, R&D facilities, laboratories, airdrome lounges, flexible workspaces, and retail spaces.

As of December 31, 2024, the company's bid publication includes 47 ongoing projects with a full declaration worth of Rs 434.86 crore, covering astir 40 lakh sq ft of development.

In the archetypal fractional of the existent fiscal twelvemonth (ending September 2024), Eleganz Interiors reported gross from operations of Rs 192.09 crore and a nett aft taxation (PAT) of Rs 9.53 crore.

In FY24, the company's gross from operations stood astatine Rs 221.29 crore and a PAT of Rs 12.2 crore.

Vivro Financial Services is the sole publication moving pb manager, and Bigshare Services is the registrar to the issue.