Eleganz Interiors Limited, interior fit-out solutions, has announced its initial public offering (IPO) that will start on February 7, 2025, and conclude on February 11, 2025. The anchor book will be available for subscriptions from February 6, 2025. The company seeks to raise
Rs 78.06 crores and offer shares on the NSE Emerge platform. The IPO price band is Rs 123 - Rs 130 per share, with a lot size of 1,000 equity shares.
The IPO will issue 60.05 lakh equity shares with a face value of Rs 10 each, using a book-building procedure. Vivro Financial Services Private Limited is the sole Book Running Lead Manager, while Bigshare Services Private Limited is the Issue's Registrar.
The share allocation for the IPO will be divided 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 25 crore of the proceeds to reduce its outstanding borrowings, Rs 30 crore for working capital needs, and the remaining funds for general corporate purposes. Specialising in creating corporate and commercial spaces,
Eleganz Interiors has expertise in designing offices, R&D facilities, laboratories, airport lounges, flexible workspaces, and retail spaces.
