The Interiors and More date has been confirmed from February 15, 2024 and closes on February 20, 2024.
Interiors and More Developers IPO is a fixed price issue of Rs 42.00 crores. The price band is set at ₹216 to ₹227 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹136,200. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹272,400.
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Bidding Dates
Feb 15-20
Price Range
₹216 to ₹227 per share
Face Value
₹10 per share
GMP
₹5
Interiors and More IPO GMP
The Interiors and More IPO GMP is ₹5.
IPO Overview
Interiors and More IPO is a book-built issuance for Rs 42.00 crore. The offering is wholly new, consisting of 18.5 lakh shares. Interiors and More IPO opens for subscription on February 15, 2024 and closes on February 20, 2024. The allotment for the Interiors and More IPO is expected to be completed on Wednesday, February 21, 2024. Interiors and More IPO will list on NSE SME with tentative listing date fixed as Friday, February 23, 2024.
Interiors and More’s IPO pricing range is ₹216 to ₹227 per share. The minimum lot size for an application is 600 shares. The minimum investment for retail investors is ₹136,200. The minimum investment for HNI is 2 lots (1,200 shares) worth ₹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 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 company produces and sells high-quality fake flowers, plants, and home and workplace decorations. 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. The company has spread to many sites over the years, including Mumbai and Delhi, with the plant based in Umbergaon.
The company operates two well-equipped manufacturing plants. One is located in Umargam, Gujarat, and measures 57,000 square feet. 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. In addition, the company sells fountains, battery-operated candles, chandeliers, wooden and glass vases, fake trees, furniture, and tables.
Interiors & More Limited organises exhibitions across India. As of December 31, 2023, the company employs 93 permanent employees. The company’s main corporate office is 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 | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Interiors and More Limited |
| Phone number | 022-47499811 |
| Email ID | info@inm.net.in |
| Website | inm.net.in |
IPO Strenghts
- 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.
