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Eleganz Interiors IPO
Price Band
₹123.0–130.0
Issue Size
₹78.07 Cr
Lot Size
1,000 shares
Min Investment
₹130,000
GMP
+₹5.0 (3.85%)
Issue Price
₹130.0
Subject to Sauda
₹3800
Paid only if allotted
Eleganz Interiors IPO AI Summary
- Eleganz Interiors IPO is listed on NSE SME.
- Price band: ₹123.0–₹130.0 per share, lot size 1,000 shares (min. investment ₹130,000).
- Subscription window: 07 Feb–11 Feb 2025, listing on 14 Feb 2025.
- Current GMP is +₹5.0 (3.85%), an estimated listing price of ₹135 — unofficial and can change daily.
Eleganz Interiors Limited offers interior solutions for various sectors, with a strong project portfolio and a qualified team. The IPO aims to raise funds for debt repayment, working capital, and other corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Eleganz Interiors IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Eleganz Interiors IPO Grey Market Premium (GMP) Today
GMP
+₹5.0
GMP %
+3.85%
Est. Listing
₹135.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 1996, Eleganz Interiors Limited is engaged in the business of Interior solutions to Corporate, laboratories, airport lounge etc. The company specializes in providing fit-out solutions for corporate and commercial spaces, including corporate offices, research and development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces. The company bids for domestic tenders issued by large domestic and multinational corporations, project management consultants, and international property consultants for design and build (D&B) and general contracting (GC) services. The company employs a team of qualified engineers, architects, designers, and project management professionals, supported by third-party consultants to ensure timely project completion, compliance, and quality standards. Business Segment: Design & Build services: The company offers end-to-end design and build services, including design, shop drawings, resource planning, execution, and post-project support. General Contracting (“GC”) services: The company’s GC services include civil, mechanical, electrical work, and final refinements such as installation, finishes, inspection, and touch-ups. The company has completed over 200 projects, totaling more than 45 lakh Sq Ft of development. As of December 31, 2024, the order book includes 47 ongoing projects across 12 cities. As on December 30, 2024, the Company had 63 permanent employees and had engaged 380 persons on retainership basis. Competitive Strengths: Experienced and qualified designing, engineering and execution team Proven track record of diversified service offerings encompassing a wide range of industries Adhering quality standards and sustainable development practices Strong footprint at key economic hubs in India In-house woodwork facility Experienced Promoter and senior management team
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 233.99 | 172.12 | 116.19 | 103.03 |
| Total Income | 192.40 | 223.09 | 191.17 | 155.34 |
| Profit After Tax | 9.53 | 12.21 | 10.31 | 5.09 |
| NET Worth | 70.90 | 51.37 | 39.16 | 28.85 |
| Reserves and Surplus | 54.31 | 36.01 | 38.20 | 27.89 |
| Total Borrowing | 31.70 | 42.80 | 28.23 | 22.62 |
Key Ratios
EPS
₹7.36
NAV
₹33.44
ROE
26.96%
ROCE
24.23%
RoNW
26.96%
P/E Ratio
17.67
Market Cap
₹293.80 Cr
PAT Margin
5.52%
Debt/Equity
0.83
Promoters
Sameer Akshay Pakvasa
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment of a portion of certain outstanding borrowings availed by Company 25.00 2 Utilization towards working capital requirements of Company 30.00 3 General Corporate Purposes 15.35 4 Issue expenses 7.72 Total 78.06
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹191.17 Cr in the year ending 31 Mar 2023, rising to ₹223.09 Cr by 31 Mar 2024, before decreasing to ₹192.40 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹10.31 Cr in the year ending 31 Mar 2023, increasing to ₹12.21 Cr by 31 Mar 2024, then falling to ₹9.53 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and predictable returns may want to avoid this IPO, as the interior solutions sector can be influenced by economic fluctuations and project delays.
IPO Timeline, Explained
The IPO opens for subscription on February 7, 2025, and closes on February 11, 2025. Allotment of shares will be done on February 12, 2025, and the shares are expected to be listed on the stock exchange on February 14, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are sold on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment.
This evaluation is generated from Eleganz Interiors's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Eleganz Interiors IPO GMP today?
Eleganz Interiors IPO GMP today is +₹5.0 (3.85%), indicating an estimated listing price of ₹135. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Eleganz Interiors IPO?
The price band of Eleganz Interiors IPO is ₹123.0–₹130.0 per share.
When does Eleganz Interiors IPO open and close?
Eleganz Interiors IPO opens on 07 February 2025 and closes on 11 February 2025.
When does Eleganz Interiors IPO list on the stock exchange?
Eleganz Interiors IPO listed on 14 February 2025 at ₹135.0.
What is the lot size for Eleganz Interiors IPO?
The lot size for Eleganz Interiors IPO is 1000 shares, requiring a minimum investment of ₹130,000.
What is the price band for the IPO?
The price band for the IPO is ₹123 to ₹130.
What is the minimum investment required?
The minimum investment required is ₹130,000.
What is the lot size for the IPO?
The lot size for the IPO is 1,000 shares.
When is the listing date?
The listing date is expected to be February 14, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the shares in the grey market before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
07 Feb 2025
Close
11 Feb 2025
Allotment
12 Feb 2025
Listing
14 Feb 2025
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