Eleganz Interiors IPO Allotment Status Expected Today: Here’s How to Check, Latest GMP, and Key Financials
The much-anticipated the Interiors IPO allotment status is expected to be released today, February 12, 2025. Following a strong investor response, all eyes are now on the share allotment process. The ₹78 crore IPO was open for subscription from February 7 to February 11, witnessing an overwhelming 30.65 times subscription.
Strong Investor Interest in the Interiors IPO
The IPO saw an impressive subscription across categories:
- Retail Investors: 21.44 times
- Non-Institutional Investors (NII): 60.42 times
- Qualified Institutional Buyers (QIB): 24.45 times
With such high demand, share allocation will be done on a proportional basis. Investors who receive allotment can expect shares to be credited on February 13, while refunds for those who did not get an allotment are likely to be processed the same day. The shares are scheduled to be listed on the NSE SME platform on February 14, 2025.
How to Check the Interiors IPO Allotment Status?
Investors can check their allotment status online through:
1. Bigshare Services (IPO Registrar’s Website)
- Visit Bigshare Services IPO Status Page
- Select the Interiors IPO from the dropdown list
- Choose one of the following options:
- Beneficiary ID
- Application Number
- PAN Number
- Enter the required details
- Complete the captcha verification and click Submit
2. NSE SME Platform
- Visit the NSE IPO Allotment Page
- Log in with your credentials
- Select the Interiors IPO
- Enter your PAN details and application number
- Click on Submit to check the status
The Interiors IPO GMP (Grey Market Premium) Today
The latest grey market premium (GMP) for the Interiors IPO stands at ₹10 per share. This suggests that shares are trading at a premium of ₹10 over the IPO price of ₹130, potentially listing at ₹140 per share, reflecting an 8% listing gain.
Use of IPO Funds
Eleganz Interiors plans to utilize the proceeds from the IPO for:
- Repayment of borrowings
- Meeting working capital requirements
- General corporate purposes
About Eleganz Interiors
Eleganz Interiors is a leading player in the interior fit-out solutions industry, offering services for:
- Corporate offices
- R&D facilities
- Laboratories
- Airport lounges
- Flexible workspaces
- Commercial retail spaces
The company has successfully completed over 200 projects spanning 45 lakh square feet in the past three financial years. As of December 31, 2024, it has 47 ongoing projects with a combined contract value of ₹434.86 crore covering 40 lakh square feet.
Key Financial Ratios of the Interiors
| Metric | Value |
|---|---|
| Market Cap | ₹294 Cr. |
| IPO Price | ₹130 |
| Stock P/E | 26.0 |
| ROCE (Return on Capital Employed) | 22.8% |
| ROE (Return on Equity) | 25.0% |
| Debt to Equity Ratio | 0.83 |
| Industry P/E | 27.1 |
| Debt | ₹42.8 Cr. |
| ROIC (Return on Invested Capital) | 15.3% |
| Piotroski Score | 3.00 |
Conclusion
The Eleganz Interiors IPO allotment is highly awaited due to the overwhelming response from investors. With a strong order book, healthy financials, and high grey market interest, the IPO is set to make a promising debut. Investors who get an allotment can expect listing gains, while others can track the NSE SME listing on February 14 for potential investment opportunities.
Stay tuned for further updates on Eleganz Interiors’ listing performance and market movement!
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.