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Interiors and More IPO
Price Band
₹216.0–227.0
Issue Size
₹42.0 Cr
Lot Size
600 shares
Min Investment
₹136,200
GMP
+₹36.0 (15.86%)
Issue Price
₹227.0
Subject to Sauda
₹16400
Paid only if allotted
Interiors and More IPO AI Summary
- Interiors and More IPO is listed on NSE SME in the Furniture, Home Furnishing sector.
- Price band: ₹216.0–₹227.0 per share, lot size 600 shares (min. investment ₹136,200).
- Subscription window: 15 Feb–20 Feb 2024, listing on 23 Feb 2024.
- Current GMP is +₹36.0 (15.86%), an estimated listing price of ₹263 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Interiors and More IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 20 Feb 2024 — 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
Interiors and More IPO Grey Market Premium (GMP) Today
GMP
+₹36.0
GMP %
+15.86%
Est. Listing
₹263.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in June 2012, Interiors & More Limited trades, imports, and sells artificial flowers. The company manufactures and trades quality artificial flowers, plants, and decor items for homes and offices. The manufacturing facility, which is fully furnished with all the necessary tools for production, test equipment for quality control, and additional handling supplies to enable efficient assembly and simple logistics, is located in Gujarat. The company has expanded to various locations over the years, including Mumbai and Delhi, with the factory operating from Umbergaon. The company has two well-equipped manufacturing units. One is located in Umargam, Gujarat and measures 57,000 Sq. ft. The other unit is situated in Umbergaon, Gujarat and measures 7,000 Sq. ft. Both units have computer systems, internet connectivity, communication equipment, security, and other necessary facilities for its business operations to function smoothly. The company offers various products, including artificial flowers such as Roses, Yellow Marigolds, Green Grass in Mats, green Leaves, carnations, Hydrangea, and Hanging orchids. In addition, the company trades in Fountains, battery-operated Candles, Chandeliers, vases made of Wood and Glass, artificial trees, Furniture, and Tables. Interiors & More Limited curates exhibitions across India. As of December 31, 2023, the company has 93 permanent employees. The company's main corporate office is located in Fort, Mumbai. Here, the company manages all its administrative and reporting needs and factory support.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 37.23 | 30.95 | 19.52 | 14.78 |
| Total Income | 18.54 | 25.27 | 9.99 | 6.63 |
| Profit After Tax | 3.55 | 5.93 | 1.04 | 0.43 |
| NET Worth | 13.50 | 9.95 | 4.05 | 3.01 |
| Reserves and Surplus | 8.35 | 8.24 | 2.34 | 1.29 |
| Total Borrowing | 16.46 | 14.40 | 12.97 | 9.04 |
Key Ratios
EPS
₹11.52
NAV
₹58.03
ROE
84.68%
ROCE
75.58%
RoNW
59.57%
P/B Value
11.74
P/E Ratio
19.7
Market Cap
₹158.80 Cr
PAT Margin
23.85%
Debt/Equity
1.45
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Interiors and More Limited This IPO | 19.34 | 59.57% | 19.7 | 11.52 | 11.52 |
Promoters
Manish Mohan Tibrewal, Rahul Jhunjhunwala, Ekta Tibrewal, Puja Jhunjhunwala and Reena Jhunjhunwala
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/Prepayment of Certain Debt Facilities 4.96 2 Working Capital Requirements 33.05 3 General Corporate Purposes 8.81
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹9.99 Cr in the year ending 31 Mar 2022, rising to ₹25.27 Cr by 31 Mar 2023. However, it decreased to ₹18.54 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹1.04 Cr in the year ending 31 Mar 2022, increasing to ₹5.93 Cr by 31 Mar 2023. It then fell to ₹3.55 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Interiors & More Limited's implied P/E at the issue price is approximately 19.7, compared to peers trading at a similar range.
Grey Market Premium, Explained
The grey market is an unofficial market where securities are traded before they are officially listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected premium at which the stock may list compared to its issue price. A positive GMP suggests strong demand for the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It is important to consider the company's financial health and market position.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, dividend-paying investments may want to avoid IPOs like this, which can be more volatile and uncertain in the early stages.
Listing Gains — The Risk
Listing-day gains are not guaranteed and can be influenced by various factors, including market conditions and investor sentiment. It is important to consider the potential for price fluctuations after the stock lists.
This evaluation is generated from Interiors and More'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 Interiors and More IPO GMP today?
Interiors and More IPO GMP today is +₹36.0 (15.86%), indicating an estimated listing price of ₹263. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Interiors and More IPO?
The price band of Interiors and More IPO is ₹216.0–₹227.0 per share.
When does Interiors and More IPO open and close?
Interiors and More IPO opens on 15 February 2024 and closes on 20 February 2024.
When does Interiors and More IPO list on the stock exchange?
Interiors and More IPO listed on 23 February 2024 at ₹263.0.
What is the lot size for Interiors and More IPO?
The lot size for Interiors and More IPO is 600 shares, requiring a minimum investment of ₹136,200.
What is the price band for the IPO?
The price band for the IPO is ₹216.0 to ₹227.0.
What is the minimum investment required?
The minimum investment required is ₹136,200.
What is the lot size for the IPO?
The lot size for the IPO is 600 shares.
When is the IPO open for subscription?
The IPO is open for subscription from February 15, 2024, to February 20, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Feb 2024
Close
20 Feb 2024
Allotment
21 Feb 2024
Listing
23 Feb 2024
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