Eleganz Interiors IPO GMP: In the second week of February, the IPO of an interior company is opening, that can decorate your home as well as your life with profit, so get ready for this IPO investment. Interior fit-out solution provider company – Elegance Interiors is preparing to launch an IPO soon.
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Eleganz Interiors IPO GMP Price Band
The price band for initial public offering (IPO) has been fixed. The company has fixed the price band of Rs 123-130 per share for its IPO of Rs 78 crore. Let us tell you that the company’s shares will be listed on NSE’s SME platform Emerge.
IPO will Open on 7th February
The issue of Elegance Interiors IPO will open on February 7. Similarly, the closing of the IPO will take place on 11 February. IPO will listed on 14 February. Investors can bid for a minimum of 1,000 shares and in multiples thereof in the IPO.
The minimum lot size with one application is 1000 shares. The minimum investment amount for retail investors is Rs 1 lakh 30 thousand. The IPO is an entirely new issue of 60.05 lakh equity shares with a face value of Rs 10 each, offered through a book-building process.
Eleganz interiors IPO GMP
There are still a few days left for the issue to open, but GMP has brought this issue into discussion.
The gray market premium or GMP of Elegance Interiors SME IPO is ₹45. Which is 34.6 % more than the cap price. This is also the highest GMP of the issue.
In this context, the estimated listing price of the IPO is ₹175. This represents a premium of 35% over the issue price. On February 3, GMP was Rs 40 and after that, it jumped to Rs 45. Strong GMP has attracted the attention of investors. GMP has risen rapidly like a rocket.
What is a Company Plan?
The proceeds from the Eleganz Interiors IPO GMP will be used to repay loans, meet working capital needs and general company functioning. In the first half of the current financial year (ending September 2024), Elegance Interiors earned a net profit of Rs 9.53 crore on an operating income of Rs 192.09 crore.
Who is the lead manager of the IPO?
Vivaro Financial Services Pvt Ltd is the book-running lead manager of the Elegance Interiors IPO, while BigShares Services Pvt Ltd is the registrar of the issue. The market maker for the Elegance Interiors IPO is Rakhav Securities Limited.
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About the Company
Eleganz Interiors came into existence in the year 1996. This company is engaged in the business of interior solutions for corporations, labs, airport lounges, etc. The company bids for domestic tenders issued by large domestic and multinational corporations, project management consultants,s and international property consultants for design and build (D&B) and general contracting (GC) services.
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