14-Feb-2024
2 mins read
Interiors and More Limited IPO 2024 is open for subscription from Thursday, February 15, 2024 and will close on Tuesday, February 20, 2024. The price band is decided at Rs 216 to Rs 227 per share. The minimum lot size of this application for the retail category is 600 shares. Whereas, the minimum lot size for HNI category is 2 lots consisting of 1200 shares. The minimum amount of investment required for retail category investors is Rs 1,36,200 (227 x 600 shares). However for HNI category the minimum investment amount is required Rs 2,72,400 (227 x 1200 shares).
Interiors and More Limited IPO 2024 is a book built issue of Rs 42 crores. The issue is entirely a fresh issue of 18.5 lakh equity shares. The allotment for this IPO is expected to be finalized on Wednesday, February 21, 2024. Interiors and More Limited IPO will list on NSE SME and listing date fixed on Friday, February 23, 2024. The book running lead manager of Interiors and More Limited IPO is Gretex Corporate Services Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker for the Interiors and More Limited IPO is Gretex Share Broking.
About Interiors and More Limited Company
Interiors and More company founded in 2012, It engaged in a business of trading, importing and selling artificial flowers. Company manufactures and trades quality artificial flowers, plants and decor items for home and offices. The manufacturing facility 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. The main business comes from artificial flowers. It is commonly used in weddings, celebrations, corporate settings and home decor. Company has been serving businesses of all sizes for over a decade. Company gets raw material from both domestic and foreign markets. Their business had grown because of the creative and constantly reviewed marketing tactics. Company offers various products in artificial roses, Yellow Marigolds, Green Grass in Mats, green leaves, carnations etc. Their expertise in stirring high-quality materials, manufacturing realistic-looking flowers, and meeting customer demands has contributed to their success in this area. As of December 31, 2023 the company had 93 permanent employees.
Objectives of the Issue
The funds raised from the issue will be utilized for the prepayment and repayment of certain secured and unsecured loans availed by the company. Moreover, the working capital requirements will also be met. Other than this, General corporate expenses and offer expenses will also be covered.
Financial Performance of Interiors and More Limited
Company’s revenue increased by 153.09% and profit after tax increased by 467.64% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 3,722.59 | 3,094.63 | 1,952.13 | 1,478.30 |
| Revenue | 1,853.78 | 2,527.17 | 998.53 | 663.1 |
| Profit After Tax | 354.57 | 592.84 | 104.44 | 43.33 |
| Net Worth | 1,349.78 | 995.21 | 405.07 | 300.63 |
| Reserves and Surplus | 835.28 | 823.71 | 233.57 | 129.13 |
| Total Borrowing | 1,645.86 | 1,439.77 | 1,297.33 | 904.02 |
| Amt in Rs. Lakhs |
Other Important Details of Interiors and More Limited IPO
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | 23-Feb-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 216 to Rs 227 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,850,400 shares (amounting to Rs 42.00 Crore) |
| Fresh Issue | 1,850,400 shares (amounting to Rs 42.00 Crore) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 5,145,000 |
| Shareholding post issue | 6,995,400 |
| Market Maker portion | 93,000 shares |
| Gretex Share Broking |
Lot Size of Interiors and More Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | Rs 136,200 |
| Retail (Max) | 1 | 600 | Rs 136,200 |
| HNI (Min) | 2 | 1,200 | Rs 272,400 |
IPO Reservation of Interiors and More Limited
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Promoters of Interiors and More Limited and Their Holdings
The Promoters of the company are Mr. Manish Mohan Tibrewal, Mr. Rahul Jhunjhunwala, Ms. Ekta Tibrewal, Ms. Puja Jhunjhunwala and Ms. Reena Jhunjhunwala.
| Shareholding Pre Issue | 95.08% |
| Shareholding Post Issue | 69.93% |
Time-Table of Interiors and More Limited IPO 2024
| IPO Open Date | Thursday, February 15, 2024 |
| IPO Close Date | Tuesday, February 20, 2024 |
| Basis of Allotment | Wednesday, February 21, 2024 |
| Initiation of Refunds | Thursday, February 22, 2024 |
| Credit of Shares to Demat | Thursday, February 22, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 20, 2024 |
Key Performance Indicator of Interiors and More Limited IPO 2024
| KPI | Values |
| ROE | 84.68% |
| ROCE | 75.58% |
| Debt/Equity | 1.45 |
| RoNW | 59.57% |
| P/BV | 11.74 |
Lead Manager(s) of Interiors and More Limited IPO 2024
The lead manager for Interiors and More Limited IPO is Gretex Corporate Services Limited.
How to Apply for Interiors and More Limited IPO 2024
Wait for the public issue to open for subscription, then visit Bigul website to apply for the Interiors and More Limited IPO with Bigul.
How to Check Allotment Status of Interiors and More Limited IPO 2024
The registrar for Interiors and More Limited IPO is Bigshare Private Services Limited. To check your allotment status, please click here.
FAQs
- What is Interiors and More Limited IPO 2024?
Interiors and More Limited IPO 2024 is a book built issue of Rs 42 crores. The issue is entirely a fresh issue of 18.5 lakh equity shares. The price band is decided at Rs 216 to Rs 227 per share. The allotment for this IPO is expected to be finalized on Wednesday, February 21, 2024.
- Who are the lead managers for the Interiors and More Limited IPO 2024?
Gretex Corporate Services Limited are appointed as the lead managers for the IPO.
- What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for the Interiors and More Limited handling the IPO’s administrative aspects.
- How can I apply for the Interiors and More Limited IPO 2024?
The public subscription of this IPO will open on February 15, 2024. Visit Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The funds raised from the issue will be utilized for the prepayment and repayment of certain secured and unsecured loans availed by the company. Moreover, the working capital requirements will also be met. Other than this, General corporate expenses and offer expenses will also be covered.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Interiors and More Limited IPO 2024 by visiting here.
- What is the financial performance of Interiors and More Limited?
Company’s revenue increased by 153.09% and profit after tax increased by 467.64% between the financial year ending with March 31, 2023 and March 31, 2022.
