Eleganz Interiors came to market through an SME IPO that opened on 7 February 2025 and closed on 11 February 2025, and the shares listed on 14 February 2025 on NSE SME. The price band was ₹123 to ₹130 per share and one lot was 1000 shares, so the minimum application was ₹1,30,000. The issue size was ₹78.07 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Vivro Financial Services Private Limited was the lead manager.
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Eleganz Interiors Limited was incorporated in the year 1996. The company is into the business of providing Interior solutions to Corporate, laboratories, airport lounge etc. The company deals in fit-out solutions to corporate and commercial spaces like corporate offices, research and development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces.
The company bids for tenders issued by large domestic and multinational corporations, project management consultants, and international property consultants on design and build (D&B) and general contracting (GC) services. The company uses a team of qualified engineers, architects, designers, and project management professionals with the support of third-party consultants to ensure that projects are completed on time, in compliance, and to the required quality standards.
The company has successfully executed over 200 projects, amounting to more than 45 lakh Sq Ft of development. As on December 31, 2024, the order book comprises 47 live projects across 12 cities. As on December 30, 2024, the Company had 63 permanent employees and had engaged 380 persons on retainership basis.
As described in the offer document.
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Sameer Akshay Pakvasa. Promoter holding 93.94% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Eleganz Interiors IPO was a ₹78.07 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹123–₹130 per share with a lot size of 1,000 shares (₹1,30,000). The IPO was open from February 7 to February 11, 2025. Shares listed on NSE SME on February 14, 2025 at ₹122, a 6.2% discount to the issue price of ₹130. Bigshare Services Pvt Ltd is the registrar. Vivro Financial Services Private Limited is the book running lead manager.
The price band of Eleganz Interiors IPO is ₹123 to ₹130 per share.
The lot size of Eleganz Interiors IPO is 1000 shares.
The minimum investment for Eleganz Interiors IPO is approximately ₹1,30,000 based on the upper price band.
The allotment date of Eleganz Interiors IPO is Feb 12, 2025.
Eleganz Interiors IPO's final recorded GMP before listing was ₹5 per share (a 4% premium over the ₹130 upper price band). The shares listed at ₹122. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Eleganz Interiors IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Eleganz Interiors IPO allotment status on Rupix for quick and easy access.
₹123 to ₹130 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,30,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,30,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 7 February 2025 and closed on 11 February 2025.
The basis of allotment was published on 12 February 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 14 February 2025 on NSE SME.
The issue size was ₹78.07 crore. The fresh issue was 60,05,000 shares (aggregating up to ₹78.07 crore).