Eleganz Interiors Ltd is set to launch its Eleganz Interiors Ltd IPO on February 7, 2025, with the subscription period closing on February 11, 2025. The company aims to raise approximately ₹78.07 crores through this IPO.
Eleganz Interiors Ltd is an interior fit-out solutions provider, specializing in designing and constructing corporate and commercial spaces. The company was incorporated in 1996 and has since established itself as a key player in the interior solutions market in India.
Key Details of the Eleganz Interiors Ltd IPO:
- IPO Open Date: February 7, 2025
- IPO Close Date: February 11, 2025
- Basis of Allotment: February 12, 2025
- Refunds Initiation: February 13, 2025
- Shares Credit to Demat: February 13, 2025
- Listing Date: February 14, 2025
- Issue Type: Book Built Issue
- Price Band: ₹123 to ₹130 per equity share
- Lot Size: 1,000 shares
- Minimum Investment: ₹1,30,000
- Listing Exchange: NSE SME
Company Overview:
Incorporated in 1996, Eleganz Interiors Ltd specializes in providing interior fit-out solutions for corporate and commercial spaces, including corporate offices, research and development facilities, laboratories, airport lounges, flexible workspaces, and commercial retail spaces. The company focuses on creating attractive and functional spaces across India.
IPO Objectives:
The proceeds from the IPO are intended to be utilized for the following purposes:
- Repayment of a portion of certain outstanding borrowings.
- Funding working capital requirements.
- General corporate purposes.
Financial Highlights:
For the financial year ending in 2024, Eleganz Interiors Ltd reported:
- Revenue: ₹223.09 crores
- Net Profit: ₹12.21 crores
- Previous Year Revenue (2023): ₹191.17 crores
- Previous Year Net Profit (2023): ₹10.31 crores
Investment Considerations:
Potential investors should assess the company’s financial health, market position, and growth prospects. While Eleganz Interiors has demonstrated revenue and profit growth, it’s essential to consider industry competition, market demand, and the company’s ability to maintain its growth trajectory. Consulting with financial advisors and reviewing the company’s prospectus are recommended steps before making investment decisions.
About Eleganz Interiors Ltd
Key Business Areas:
Eleganz Interiors offers a range of services, including:
- Corporate Office Fit-outs – Designing and furnishing modern workspaces.
- Research & Development Facilities – Custom interiors for high-tech and innovation-driven environments.
- Laboratories & Healthcare Spaces – Interiors with specialized installations.
- Airport Lounges & Hospitality Areas – Luxurious and functional designs.
- Flexible Workspaces & Retail – Creating modern co-working spaces and retail interiors.
Service Offerings:
- General Contracting (GC) – Handling civil work, electrical installations, HVAC, and finishing.
- Design & Build (D&B) – End-to-end solutions from concept to completion.
- Turnkey Fit-out Projects – Complete interior solutions for commercial spaces.
Eleganz Interiors Ltd IPO Lot Size
Here is the lot size details for the Eleganz Interiors Ltd IPO in a table format:
| Category | Lot Size (Shares) | Investment Amount (₹) (at ₹123 per share) | Investment Amount (₹) (at ₹130 per share) |
| Retail Investors (Min) | 1,000 | ₹1,23,000 | ₹1,30,000 |
| Retail Investors (Max) | 1,000 | ₹1,23,000 | ₹1,30,000 |
| HNI/NII (Min – Small HNI) | 2,000 | ₹2,46,000 | ₹2,60,000 |
| HNI/NII (Max – Large HNI) | Multiples of 1,000 | As per application size | As per application size |
- Retail investors can apply for a minimum of 1 lot (1,000 shares).
- High Net-Worth Individuals (HNIs) need to apply for at least 2 lots (2,000 shares) or more.
Key Performance Indicators (KPIs)
| KPI | Value |
| Revenue | ₹223.09 crores (FY 2024) |
| Net Profit | ₹12.21 crores (FY 2024) |
| Net Profit Margin | 5.47% |
| Return on Equity (ROE) | 18.48% |
| Debt-to-Equity Ratio | 0.40 |
| Earnings per Share (EPS) | ₹4.06 |
| Total Assets | ₹186.93 crores |
| Working Capital | ₹40.23 crores |
| Gross Profit Margin | 19.32% |
| Return on Assets (ROA) | 6.53% |
Key Insights:
- Revenue Growth: Eleganz Interiors has experienced steady growth in revenue and profitability.
- Net Profit Margin: The company achieved a modest net profit margin of 5.47%, indicating healthy operational efficiency.
- ROE: A strong return on equity of 18.48% suggests that the company is effectively using shareholders’ funds.
- Debt Levels: The relatively low debt-to-equity ratio of 0.40 reflects a conservative capital structure with lower financial risk.
These KPIs provide an overview of Eleganz Interiors’ financial health, profitability, and efficiency. If you need deeper insights or more specific metrics, feel free to ask!
Eleganz Interiors Ltd IPO Growth
The Eleganz Interiors Ltd IPO Growth can be analyzed based on its financial performance and future growth prospects. Since the IPO is upcoming, its growth can be predicted from the company’s financials and market trends.
Here’s how we can structure Eleganz Interiors Ltd IPO growth potential based on historical financial data and the IPO objectives:
Eleganz Interiors Ltd Growth Analysis
| Key Indicator | 2024 | 2023 | Growth |
| Revenue | ₹223.09 Crores | ₹191.17 Crores | 16.7% Growth |
| Net Profit | ₹12.21 Crores | ₹10.31 Crores | 18.4% Growth |
| Net Profit Margin | 5.47% | 5.39% | Stable |
| Return on Equity (ROE) | 18.48% | 17.81% | 3.8% Growth |
| Debt | ₹26.30 Crores | ₹30.10 Crores | 12.7% Reduction |
| Working Capital | ₹40.23 Crores | ₹35.08 Crores | 14.7% Growth |
Key Growth Factors Post-IPO:
- Revenue and Profit Growth: A steady growth in revenue and profit over the past year (16.7% and 18.4% respectively) indicates a solid growth trajectory.
- Debt Reduction: The reduction in debt (12.7%) highlights the company’s effort to strengthen its financial structure, which could provide a more stable foundation for future growth.
- Positive Net Profit Margin: A stable net profit margin reflects consistent operational efficiency.
Post-IPO Growth Potential:
- Working Capital Utilization: Funds raised via the IPO will be used for working capital, which should allow for enhanced capacity to take on more projects and fulfill growing demand.
- Market Expansion: Eleganz Interiors plans to expand its offerings in the corporate and commercial interior space, which could further drive growth.
Example Growth Potential with IPO Funds:
| Usage of IPO Proceeds | Expected Outcome |
| Working Capital | Enhanced ability to take on larger projects, grow market share |
| Debt Repayment | Reduced financial burden and interest costs, better profitability |
| Expansion Plans | Geographic and service line expansion leading to increased revenue |
Based on historical growth, the IPO’s proceeds could enable Eleganz Interiors Ltd to scale its operations, strengthen financials, and continue its growth in the interior solutions market.
Strengths of Eleganz Interiors Ltd IPO:
(1) Consistent Revenue Growth
Eleganz Interiors has demonstrated a steady increase in revenue and profits over the last few years (16.7% growth in revenue and 18.4% in net profit in FY 2024). This indicates strong operational performance.
(2) Strong Market Position in Interior Solutions
The company specializes in providing interior fit-out services for high-demand commercial spaces (offices, labs, airport lounges), a growing market in urban India and emerging sectors.
(3) Experienced Management
Eleganz Interiors has been in business for over 25 years and has a team of experienced professionals with deep industry knowledge, which strengthens its ability to execute complex projects.
(4) IPO Proceeds for Strategic Growth
The funds raised from the IPO will be used to improve working capital, reduce debt, and fund expansion, positioning the company for future growth and increased market share.
(5) Focus on Corporate and Commercial Spaces
As corporate offices and commercial retail spaces evolve, the demand for innovative and flexible interior solutions is expected to grow, which could favor Eleganz Interiors’ business model.
Risks of Eleganz Interiors Ltd IPO:
(1) Industry Competition
The interior fit-out industry is highly competitive, with numerous players vying for market share. Eleganz Interiors faces competition from both large, well-established firms and smaller regional players.
(2) Dependence on Major Contracts
The company’s revenue is highly dependent on securing large contracts from corporate and commercial clients. Any slowdown in the commercial real estate market or reduced demand from corporate clients could affect profitability.
(3) Execution Risks
While Eleganz Interiors has an experienced team, execution of large-scale projects always carries risks, such as delays, cost overruns, or client dissatisfaction, which can affect future business.
(4) Economic Sensitivity
The interior design and fit-out market is sensitive to broader economic cycles. Economic downturns, rising interest rates, or slowdowns in real estate development could negatively impact demand for their services.
(5) Debt Levels
Although the company has reduced debt levels, it still carries significant liabilities. If the company is unable to generate sufficient revenue or maintain margins, its ability to service its debt could be challenged.
Conclusion:
- Strengths: Eleganz Interiors has demonstrated solid growth, a strong market position, and experienced management, which make it an attractive investment. The IPO funds are aimed at improving its financial position and funding expansion.
- Risks: The company faces competition, industry-related risks, and macroeconomic factors that could affect its profitability. Execution risks on large contracts and dependence on major clients remain key concerns.
Investors should weigh the strengths and risks carefully before deciding to invest in the IPO. Consulting with financial advisors for a comprehensive assessment of the risks and rewards is advisable.
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