IPO Details
Bidding Dates
15 Feb '24 - 20 Feb '24
Minimum Investment
₹136,200 / 1 Lot ( 600 Shares )
Price Range
₹216 - ₹227
Maximum Investment
₹136,200 / 1 Lot ( 600 Shares )
Retail Discount
Not Applicable
Issue Size
₹42.00 Cr
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Feb 15, 2024
IPO Closing Date
Feb 20, 2024
Basis of Allotment
Feb 21, 2024
Initiation of Refunds
Feb 22, 2024
Credit of Shares to Demat
Feb 22, 2024
Listing Date
Feb 23, 2024
Cut-off time for UPI mandate confirmation
Feb 20, 2024
About Interiors & More Limited Company
Incorporated on July 30, 2012, Interiors & More Limited started trading artificial flowers, importing and selling them in India. Later, the company expanded into decorative items such as plants, vases, planters, lights, wedding props, furniture, chandeliers, fabric, candles, fragrances, and other related décor items. Currently, they are involved in the manufacturing and trading of quality artificial flowers, plants, and other home and office décor products.
The company procures raw materials from both local and international markets. They have a manufacturing facility in India.
Ranked second globally, India emerges as a major contributor to the artificial flowers industry, securing a 25% market share in 2020. From 2021 to 2027, the country’s artificial flower market is expected to grow at a CAGR of 8.3%. The market is expected to be driven by heightened demand from interior decorators and florists and a surge in disposable incomes among young urban demographics. Also, the market anticipates substantial growth, highlighted by increased spending on home décor products. Interiors & More Limited will probably also benefit from this.
Interiors & More Limited IPO Details
Interiors & More Limited IPO Date
Interiors & More Limited’s IPO will open on February 15, 2024, and close on February 20, 2024. The IPO will be listed on the NSE Emerge on February 23, 2024.
Interiors & More Limited IPO Price Band
Interiors & More Limited is a fresh issue of up to 18,50,400 equity shares, aggregating ₹42 crore. The price of the IPO is ₹216 to ₹227 per share.
Interiors & More Limited IPO Lot Size
Interiors & More Limited’s IPO lot size is 600 shares.
Interiors & More Limited IPO Objectives
The objectives of Interiors & More Limited's IPO are listed below:
- To repay and/or prepay certain debts facilities.
- For general corporate purposes.
- For working capital requirements.
Peer Details
As per DRHP, there are no listed peers whose business portfolio is comparable to the company.
How To Check the Interiors & More Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Open a demat account with Angel One to apply for the Interiors & More Limited IPO.
Contact Details of Interiors & More Limited IPO
- Registered office: Office No.7, Ground Floor, Kumtha Street, off Shahid Bhagat Singh Road, Ballard Estate, Fort Mumbai G.P.O. Mumbai - 400001, Maharashtra, India.
- Phone: 022-47499811
E-mail: info@inm.net.in
Company Financials
| Particulars | Year ending on March 31, 2023 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Total Income | 2,527.17 | 998.53 | 663.10 |
| Profit After Tax (PAT) | 592.84 | 104.44 | 43.33 |
| Net Worth | 995.21 | 405.07 | 300.63 |
| Total Borrowings | 1,439.77 | 1,297.33 | 904.02 |
Know before investing
Strengths
2-
The company has a well-developed distribution network. They have been distributing their goods throughout India and are not reliant on any particular area.
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The company aims to increase their market share by locating areas where it can offer potential clients high-quality and reasonably priced products.
Risks
3-
The company’s product is subject to frequently changing designs, patterns, customer requirements, and tastes, and its inability to meet such needs or preferences may affect its business.
-
The company depends on various suppliers for the supply of raw materials, services and finished goods. Any delays from suppliers can impact the operations.
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The company conducts its business activities on a purchase-order basis and, therefore, has not entered into long-term agreements with its customers.
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Interiors & More Limited IPO FAQs
The Interiors & More Ltd IPO is a fresh issue of up to 18,50,400 equity shares, aggregating ₹42 crore. The price of the IPO is ₹216 to ₹227 per share. The IPO will open on February 15, 2024.
The Basis of Allotment will happen on Wednesday, February 21, 2024.
The IPO subscription window will open on Thursday, February 15, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 600 shares.
Interiors & More Ltd IPO will be listed on the NSE Emerge on Friday, February 23, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Friday, February 23, 2024, for Interiors & More Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
