Eleganz Interiors, a supplier of inside fit-out options, on Tuesday stated it has mounted a worth band at Rs 123-130 per share for the Rs 78 crore preliminary public providing, which is able to hit capital markets on February 7. The preliminary share sale will conclude on February 11 and the shares of the agency will likely be listed on the NSE’s SME platform Emerge, the corporate stated in a press release.
Traders can bid for no less than 1,000 shares and in multiples thereof, it added.
The Preliminary Public Providing (IPO) is totally a contemporary problem of 60.05 lakh fairness shares with a face worth of Rs 10 every, supplied by way of the book-building course of.
On the finish of the higher worth band, the corporate will increase about Rs 78.07 crore from the general public problem.
Proceeds from the general public problem will likely be used to repay debt, working capital necessities, and the remaining funds for normal company functions.
Eleganz Interiors specialises in crafting company and industrial areas, together with places of work, R&D services, laboratories, airport lounges, versatile workspaces, and retail areas.
As of December 31, 2024, the corporate’s order e book consists of 47 ongoing tasks with a complete contract worth of Rs 434.86 crore, overlaying roughly 40 lakh sq ft of growth.
Within the first half of the present fiscal yr (ending September 2024), Eleganz Interiors reported income from operations of Rs 192.09 crore and a revenue after tax (PAT) of Rs 9.53 crore.
In FY24, the corporate’s income from operations stood at Rs 221.29 crore and a PAT of Rs 12.2 crore.
Vivro Monetary Companies is the only real e book working lead supervisor, and Bigshare Companies is the registrar to the difficulty.
