Interiors and More Limited IPO
NSE SMEListed On: Feb 23, 2024 at ₹ 270.0
₹ 272400 /1200 Shares
*Min Investment
15 Feb, 2024
Open Date20 Feb, 2024
Close Date21 Feb, 2024
Allotment Date23 Feb, 2024
Listing DateInteriors and More Limited IPO Issue Details
- Issue Price ₹216-227 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 18,50,400 shares(aggregating up to ₹42 crore)
- Fresh Share 18,50,400 shares(aggregating up to ₹42 crore)
- Listing at NSE SME
- List Price 270.0
- Listing Date 2024-02-23
- Lead Manager Gretex Corporate Services Limited
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,36,200 |
| Retail(max) | 1 | 600 | ₹1,36,200 |
| NII (min) | 2 | 1,200 | ₹2,72,400 |
Interiors and More Limited IPO Reservation
Interiors and More Limited IPO offers total 1,850,400 shares. Out of which 351,600 (19%) allocated to QIB, 264,000 (14.27%) allocated to NII,615,600 (33.27%) allocated to RII, NA (NA%) allocated to employees and 526,200 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 526,200 (28.44%) | |
| Market Maker Shares Offered | 93,000 (5.03%) | |
| QIB Shares Offered | 351,600 (19%) | |
| NII (HNI) Shares Offered | 264,000 (14.27%) | |
| Retail Shares Offered | 615,600 (33.27%) | |
| Total Shares Offered | 1,850,400 (100%) |
Interiors and More Limited IPO Details
Interiors and More Limited IPO is an SME IPO, priced at ₹216-227 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 18,50,400 equity shares, aggregating up to ₹42 crores..
The IPO bidding window is open from Feb 15, 2024 to Feb 20, 2024. The allotment is expected to be finalized on Feb 21, 2024, and the tentative listing date is Feb 23, 2024.
The minimum lot size for Retail investors is 600 shares, with a minimum investment of ₹1,36,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,72,400.
Gretex Corporate Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Gretex Share Broking Private Limited will act as the market maker for this issue.
Interiors and More Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 351,600 / 264,000 | 615,600 | 1,231,200 |
Day 1 15-02-24 06:00 PM | 0.00 / 0.08 x | 0.39 x | 0.21 x |
Day 2 16-02-24 06:00 PM | 0.00 / 0.61 x | 0.71 x | 0.49 x |
Day 3 19-02-24 06:00 PM | 0.00 / 0.69 x | 1.37 x | 0.83 x |
Day 4 20-02-24 06:00 PM | 3.54 / 30.73 x | 7.93 x | 11.57 x |
Interiors and More Limited Valuations
Interiors and More Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 3,094.63 | 1,952.13 | 1,478.30 |
| Revenue | 2,527.17 | 998.53 | 663.10 |
| Profit After Tax | 592.84 | 104.44 | 43.33 |
| Net Worth | 995.21 | 405.07 | 300.63 |
| Reserves & Surplus | 823.71 | 233.57 | 129.13 |
| Total Borrowing | 1,439.77 | 1,297.33 | 904.02 |
About Interiors and More Limited Company
Interiors & More Limited is incorporated in June 2012 and deals with importing and selling artificial flowers. The company produces and deals with high-quality artificial flowers, plants, and decorations for living rooms as well as offices.The company has its own manufacturing plant in Gujarat, which is fully equipped with all the tools required in the manufacturing process, test equipment to ensure quality control, as well as other additional supply to facilitate easy assembly with minimal logistics.
The company has expanded to several locations over the years, such as Mumbai and Delhi, and the factory operates from Umbergaon.The company has two well-equipped manufacturing units, one located at Umargam, Gujarat, with an area of 57,000 sq. ft. and the other unit is in Umbergaon, Gujarat, measuring 7,000 sq. ft. Computer systems, internet connectivity, communication equipment, security and other necessary amenities are available in both units for its business operations to run smoothly.The company sells a range of products, including artificial flowers like Roses, Yellow Marigolds, Green Grass in Mats, green Leaves, carnations, Hydrangea, and Hanging orchids. The company also deals in Fountains, battery-operated Candles, Chandeliers, vases made of Wood and Glass, artificial trees, Furniture, and Tables.
Interiors & More Limited organizes exhibitions throughout India.As of December 31, 2023, the company has 93 permanent employees.
The headquarters of the company's corporate office is in Fort, Mumbai. It manages all factory support, and here it takes care of its entire administrative and reporting needs.
Interiors and More Limited - Promoter(s)
Mr. Manish Mohan Tibrewal, Mr. Rahul Jhunjhunwala, Ms. Ekta Tibrewal, Ms. Puja Jhunjhunwala and Ms. Reena Jhunjhunwala
Pre Issue Share Holding : 95.08%
Post Issue Share Holding : 69.93%
Interiors and More Limited IPO - Issue Objectives
Repayment/Prepayment of Certain Debt Facilities
Working Capital Requirements
General Corporate Purposes.
Contact Details
Interiors and More Limited
Office No.7, Ground Floor, Kumtha Street, off Shahid Bhagat Singh Road-Ballard Estate, Fort Mumbai G.P.O., Mumbai - 400001
022-47499811
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Interiors and More Limited IPO - FAQs
Ans. Interiors and More Limited IPO is a SME IPO. The issue is priced at ₹216-227 per equity share. The minimum order quantity is 600 Shares. The IPO opens on Feb 15, 2024, and closes on Feb 20, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Interiors and More Limited IPO opens on Feb 15, 2024 and closes on Feb 20, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Interiors and More Limited IPO is 1,850,400 shares(aggregating up to ₹42.00 Cr).
Ans. The Interiors and More Limited IPO price band is set between ₹216-227 per equity share.
Ans. To apply for Interiors and More Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Interiors and More Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Interiors and More Limited IPO is Feb 21, 2024.
Ans. The Interiors and More Limited IPO will be listed on Feb 23, 2024.
Ans. Follow the steps to check the Interiors and More Limited IPO allotment status online.
