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TCS, HDFCBANK, SBI Liquid Fund (G)
Eleganz Interiors Ltd.

ELGNZ

Equity

NSE

Min. Investment

1,23,000.00

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IPO Details

Bidding Dates

07 Feb 25 - 11 Feb 25

Price Range ₹

123 - 130

Total Equity

78.07Cr

Lot Size

1000

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

07 Feb 2025

Offer end

11 Feb 2025

Allotment

12 Feb 2025

Refund initiation

13 Feb 2025

Demat transfer

13 Feb 2025

Listing

14 Feb 2025

About Company

Eleganz Interiors Limited, established in 1996, provides interior solutions for corporate offices, laboratories, airport lounges, flexible workspaces, and retail spaces. The company specializes in design and build (D&B) and general contracting (GC) services, bidding for tenders from large corporations and consultants. With a team of engineers, architects, and designers, Eleganz offers end-to-end services, including design, execution, and post-project support. It has completed over 200 projects, covering more than 45 lakh sq. ft., and currently has 47 ongoing projects in 12 cities. As of December 31, 2024, the company employs 63 permanent staff and 380 retainers.

Year Founded

18-04-1996

Promotor Details

Sameer Akshay Pakvasa

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage93.9468.98
Share Capital1558838015588380

Offer to Public

60,05,000.00 Cr

Project Details

  • Utilization towards working capital requirements of our Company - 300cr
  • Repayment of a portion of certain outstanding borrowings availed by our Company - 250cr

Objectives

  • Repayment, in full or in part, of certain borrowings availed by our Company
  • To meet working capital requirements
  • andGeneral Corporate Purposes.

Highlights

  • Focus on comprehensive interior fit-out solutions across India.
  • Provides end-to-end services, from design to execution, demonstrating strong capabilities.
  • Proven expertise with over 200 completed projects.
  • Established operational track record ensuring reliability.
  • Potential risks include project delays, cost overruns, and dependency on the real estate sector.

Challenges

  • Vulnerable to economic downturns impacting the construction and real estate sectors.
  • Dependency on government and regulatory approvals, leading to potential project delays.
  • Financial risks due to high leverage or poor credit management.
  • Project execution challenges, including cost overruns and timeline deviations.
  • Competitive pressure from established and emerging players in the industry.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202311,614.1196.001,220.581,220.587.9465
202210,303.3996.00509.38509.383.3163
202417,187.261,536.00509.38509.383.3163
202191,50,66,200.0096,00,000.00509.38509.383.3163
20201,65,09,78,180.0096,00,000.00-13,66,25,392.00-13,66,25,392.00-8.8949
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