The Interiors and More IPO date has been confirmed from February 15, 2024, and closes on February 20, 2024. Read the post to learn about Interiors and More IPO GMP.
The Rs 42.00 crore Interiors and More IPO is a fixed-price offering. The price band is set at ₹216 to ₹227 per share. An application lot size requires a minimum of 600 shares. For retail investors, a minimum investment of ₹136,200 is needed. For HNI, a minimum investment of two lots (1,200 shares) of ₹272,400 is required.
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Key Details Of Interiors and More Limited IPO:
Bidding Dates
Feb 15-20
Price Range
₹216 to ₹227 per share
Face Value
₹10 per share
GMP
₹5
Interiors and More IPO
The Interiors and More IPO GMP Today is ₹5.
Interiors and More IPO Overview
Interior Design and Beyond A book-built IPO is an offering of Rs 42.00 crore. The offering is wholly new, consisting of 18.5 lakh shares.Interior design and more The IPO subscription period begins on February 15, 2024, and ends on February 20, 2024. On Wednesday, February 21, 2024, the allotment for the Interiors and More IPO is anticipated to be finished. The Interiors and More IPO is scheduled to go public on NSE SME, with a provisional listing date of Friday, February 23, 2024.
The IPO price range for Interiors and More is between ₹216 and ₹227 per share. The Interiors and More IPO GMP Today is ₹5. Interiors and More IPO GMP Today is ₹5. The minimum lot size for an application is 600 shares. HNI requires a minimum investment of two lots, or 1,200 shares, at a cost of ₹272,400.
Interiors and More IPO Details
| IPO Date | February 15, 2024 to February 20, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹216 to ₹227 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,850,400 shares (aggregating up to ₹42.00 Cr) |
| Fresh Issue | 1,850,400 shares (aggregating up to ₹42.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,145,000 |
| Share holding post issue | 6,995,400 |
| Market Maker portion | 93,000 shares |
Interiors and More IPO Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,722.59 | 3,094.63 | 1,952.13 | 1,478.30 |
| Revenue | 1,853.78 | 2,527.17 | 998.53 | 663.10 |
| 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 |
| Amount in ₹ Lakhs | ||||
Interiors and More IPO Timeline
| 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 |
Company Profile
Interiors & More Limited, founded in June 2012, trades, imports, and sells artificial flowers. The business creates and markets premium artificial flowers, plants, and decorations for homes and offices. Gujarat houses the manufacturing plant, which is fully equipped with all of the necessary production tools, quality control test equipment, and additional handling supplies to enable efficient assembly and straightforward logistics. Over the years, the company has expanded to other locations, with its headquarters being in Umbergaon, including Mumbai and Delhi.
The company operates two well-equipped manufacturing plants. One is 57,000 square feet and situated in Umargam, Gujarat. The other facility is located in Umbergaon, Gujarat, and measures 7,000 square feet. Both apartments contain computer systems, internet access, communication equipment, security, and other amenities required for our commercial activities to run properly. The company sells a variety of products, including fake flowers like roses, yellow marigolds, green grass in mats, green leaves, carnations, hydrangeas, and hanging orchids. The company also provides artificial trees, furniture, tables, chandeliers, fountains, battery-operated candles, and vases made of glass and wood.
Interiors & More Limited organises exhibitions across India. As of December 31, 2023, the company employs 93 permanent employees. The primary headquarters of the company are located in Fort, Mumbai. Here, the corporation handles all of its administrative and reporting needs, as well as factory support.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Interiors and More Limited |
| Phone number | 022-47499811 |
| Email ID | [email protected] |
| Website | inm.net.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Interiors and More IPO FAQs
When Interiors and More IPO will open?
The Interiors and More IPO opens on February 15, 2024 and closes on February 20, 2024.
What is the lot size of Interiors and More IPO?
Interiors and More IPO lot size is 600 Shares, and the minimum amount required is ₹136,200.
When is Interiors and More IPO allotment?
The finalization of Basis of Allotment for Interiors and More IPO will be done on Wednesday, February 21, 2024, and the allotted shares will be credited to your demat account by Thursday, February 22, 2024.
When is Interiors and More IPO listing date?
The Interiors and More IPO listing date is not yet announced. The tentative date of Interiors and More IPO listing is Friday, February 23, 2024.
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