Interiors and More Limited IPO Detail
Incorporated in June 2012, Interiors & More Limited trades, imports, and sells artificial flowers. The company manufactures and trades quality artificial flowers, plants, and decor items for homes and offices.
The manufacturing facility, which is fully furnished with all the necessary tools for production, test equipment for quality control, and additional handling supplies to enable efficient assembly and simple logistics, is located in Gujarat.
The company has expanded to various locations over the years, including Mumbai and Delhi, with the factory operating from Umbergaon.
The company has two well-equipped manufacturing units. One is located in Umargam, Gujarat and measures 57,000 Sq. ft. The other unit is situated in Umbergaon, Gujarat and measures 7,000 Sq. ft. Both units have computer systems, internet connectivity, communication equipment, security, and other necessary facilities for our business operations to function smoothly.
The company offers various products, including artificial flowers such as Roses, Yellow Marigolds, Green Grass in Mats, green Leaves, carnations, Hydrangea, and Hanging orchids. In addition, the company trades in Fountains, battery-operated Candles, Chandeliers, vases made of Wood and Glass, artificial trees, Furniture, and Tables.
Interiors & More Limited curates exhibitions across India.
As of December 31, 2023, the company has 93 permanent employees.
The company's main corporate office is located in Fort, Mumbai. Here, the company manages all its administrative and reporting needs and factory support.
Company Promoters
Mr. Manish Mohan Tibrewal, Mr. Rahul Jhunjhunwala, Ms. Ekta Tibrewal, Ms. Puja Jhunjhunwala and Ms. Reena JhunjhunwalaIPO Details
| IPO Opening Date | Feb 15, 2024 |
| IPO Closing Date | Feb 20, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹216 - 227 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹42.00 Cr |
| Fresh Issue | ₹42.00 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.08x | 0.39x | 0.21x |
| Day 2 | 0.00x | 0.00x | 0.00x | 0.27x | 0.74x | 0.43x |
| Day 3 | 0.00x | 0.00x | 0.00x | 0.69x | 1.37x | 0.83x |
| Day 4 | 3.54x | 0.00x | 0.00x | 30.32x | 7.41x | 11.22x |
IPO Tentative Timetable
The Interiors and More Limited IPO open date is Feb 15, 2024, and the close date is Feb 20, 2024. The issue may list on Feb 23, 2024.
| IPO Open Date | Feb 15, 2024 |
| IPO Close Date | Feb 20, 2024 |
| Basis of Allotment Date | Feb 21, 2024 |
| Initiation of Refunds | Feb 22, 2024 |
| Credit of Shares to Demat Account | Feb 22, 2024 |
| IPO Listing Date | Feb 23, 2024 |
IPO Lot Size
The Interiors and More Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹136200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹136200 |
| Maximum | 1 | 600 | ₹136200 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.08% |
| Post Issue Share Holding | 69.93% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1478.30 | 663.10 | 43.33 |
| 31-Mar-22 | 1952.13 | 998.53 | 104.44 |
| 31-Mar-23 | 3094.63 | 2527.17 | 592.84 |
| 31-Jan-24 | 3722.59 | 1853.78 | 354.57 |
Objects of the Issue:
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects
- Repayment/Prepayment of Certain Debt Facilities
- Working Capital Requirements
- General Corporate Purposes.
Interiors and More Limited IPO Registrar:
Bigshare Services Pvt Ltd
Interiors and More Limited IPO Lead Manager(s):
Gretex Corporate Services Limited
Company Contact Information:
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
