Interiors and More IPO will open for subscription from 15 February 2024. The company aims for an issue size of ₹42 Cr through this IPO.
Company Overview
| Full name | Interiors and More Limited |
| Sector | Construction materials |
| Industry | Laminates / Decoratives |
| Company Website | https://inm.net.in/ |
About Company
Incorporated in 2012, Interiors & More is engaged in trading, importing, and selling artificial flowers. The company specializes in manufacturing and trading high-quality artificial flowers, plants, and decor items for homes and offices. The manufacturing facility, fully equipped with all necessary production tools, testing equipment for quality control, and additional handling supplies to facilitate efficient assembly and streamlined logistics, is located in Gujarat.
Items produced under the brand name Interiors & More include molded birds hanging in the air, artificial flowers of different shapes including roses, yellow marigolds, green grass mats, green leaves, carnations, hydrangeas, and hanging orchids. Additionally, the company trades in fountains, battery-operated candles, chandeliers, wooden and glass vases, artificial trees, furniture, and tables.
As of 31 December 2023, the organization employs 93 permanent employees. The company’s main corporate office is located in Fort, Mumbai, where it handles all administrative and reporting needs, as well as factory support.
The Objectives of the Issue
- Repayment/Prepayment of Certain Debt Facilities
- Working Capital Requirements
- General Corporate Purposes.
Interiors and More IPO Timetable
| IPO Opening date | 15 February 2024 |
| IPO Closing | 20 February 2024 |
| Basis of Allotment | 21 February 2024 |
| Initiation Refund | 22 February 2024 |
| Credit to Demat Account | 22 February 2024 |
| Listing Date | 23 February 2024 |
Interiors and More IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹42 Cr – 1,850,400 shares |
| Fresh Issue | ₹42 Cr – 1,850,400 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹216 to ₹227 per share |
| Lot size | 600 Shares |
| Market Maker portion | 93,000 shares |
| Shareholding pre-issue | 5,145,000 |
| Shareholding post-issue | 6,995,400 |
| Listing Exchange | NSE SME |
Interiors and More IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹136,200 |
| Retail (Max) | 1 | 600 | ₹136,200 |
| HNI (Min) | 2 | 1,200 | ₹272,400 |
Interiors and More IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Interiors and More Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 6.43 | 9.89 | 24.86 | 18.43 |
| Expenses | 6.24 | 8.55 | 17.31 | 13.66 |
| Net income | 0.43 | 1.04 | 5.93 | 3.55 |
Interiors and More Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.42 | 2.03 | 11.52 |
| PE ratio | – | – | 18.75 – 19.70 |
| RONW (%) | 21.40 | 25.78 | 59.57 |
| NAV | 6.62 | 7.87 | 19.34 |
| ROCE (%) | 7.51 | 14.60 | 75.58 |
| EBITDA (%) | 16.46 | 26.31 | 38.08 |
| Debt/Equity | 3.01 | 3.20 | 1.45 |
Company Promoters
- Mr. Manish Mohan Tibrewal
- Mr. Rahul Jhunjhunwala
- Ms. Ekta Tibrewal
- Ms. Puja Jhunjhunwala
- Ms. Reena Jhunjhunwala
Promoter Holding
| Pre Issue Share Holding | 95.08% |
| Post Issue Share Holding | 69.93% |
Interiors and More IPO Lead Manager(s)
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor,
New Bansilal Building, Raja Bahadur Mansion,
9-15, Homi Modi Street, Fort, Mumbai– 400001
Phone: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Interiors and More Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Interiors and More Contact Details
INTERIORS & MORE LIMITED
Office No.7, Ground Floor, Kumtha Street,
off. Shahid Bhagat Singh Road, Ballard Estate,
Fort Mumbai G.P.O. Mumbai – 400001, Maharashtra
Phone: 022-47499811
E-mail: info@inm.net.in
Website: www.inm.net.in
Interiors and More IPO Allotment Status
Interiors & More IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Interiors and More IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
