What you must know about Interiors and More IPO?
by 5paisa Research Team
12 Feb 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 23-Feb-24
- IPO Price Range ₹ 216
- Listing Price ₹ 270
- Listing Change 25.0%
- Last Traded Price ₹ 282.4
- Current Change 30.7%
Interiors & More IPO Details
- Open Date 15-Feb-24
- Close Date 20-Feb-24
- Lot Size 600
- IPO Size ₹ 39.97 - 42.00 Cr
- IPO Price Range ₹ 216
- Min Investment ₹ 129600
- Listing Exchange NSE SME
- Basis of Allotment 21-Feb-24
- Refunds 22-Feb-24
- Credit to Demat Account 22-Feb-24
- Listing Date 23-Feb-24
Interiors & More IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-Feb-24 | 0.00 | 0.08 | 0.38 | 0.21 |
| 16-Feb-24 | 0.00 | 0.27 | 0.73 | 0.42 |
| 19-Feb-24 | 0.00 | 0.69 | 1.36 | 0.83 |
| 20-Feb-24 | 3.54 | 30.32 | 7.41 | 11.22 |
Interiors & More IPO Synopsis
Interiors and More IPO is all set to open from 15th February to 20th February 2024. The company is engaged in the business of artificial flowers and decorative items. The IPO includes a fresh issue of 1,850,400 shares worth ₹42.00 cr. The share allotment date is 21st February 2024, and the IPO will be listed on 23rd February 2024 on the stock exchanges. The price band is ₹216 to ₹227 and the lot size is 600 shares.
Gretex Corporate Services Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Interiors and More IPO:
Interiors and More Limited plans to utilize the raised capital from the IPO to:
• To repay/prepay the debt obtained.
• To meet working capital requirements.
• General corporate purposes.
About Interiors & More
Established in 2012, Interiors and More Limited is engaged in the business of artificial flowers and decorative items.
The company manufactures and trades different types of artificial flowers used in weddings, celebrations, corporate settings, and home decor. It's decorative item portfolio include vases, plants, planters, wedding props, lights, furniture, fabric, chandeliers, candles, fragrance, and other related décor items.
Interiors and More’s manufacturing unit is based in Umargam, Gujarat while the main office is based in Mumbai.
Peer Comparison
No listed peers.
For More Information:
Webstory on Interiors & More
Interiors & More Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 24.85 | 9.89 | 6.43 |
| EBITDA | 9.47 | 2.60 | 1.06 |
| PAT | 5.93 | 1.04 | 0.43 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 30.94 | 19.52 | 14.78 |
| Share Capital | 1.71 | 1.71 | 1.71 |
| Total Borrowings | 20.99 | 15.47 | 11.78 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.96 | -0.95 | -6.33 |
| Net cash from / (used in) investing activities | -0.94 | -1.69 | -0.68 |
| Net cash flow from / (used in) financing activities | -0.037 | 3.02 | 6.96 |
| Net increase (decrease) in cash and cash equivalents | -0.014 | 0.38 | -0.046 |
Interiors & More IPO Key Points
-
Strengths
1. The company has organizational stability along with management expertise.
2. The business model is scalable.
3. The company has a Large & Diverse Product Portfolio.
4. It has an integrated manufacturing facility.
5. It has long-standing relationships with customers and distributors.
6. The company also has strong sales, marketing, and distribution capabilities. -
Risks
1. The company’s products are subject to frequently changing designs, patterns, customer requirements and tastes.
2. The holding period of inventories of raw-materials, stock-in-trade and finished goods is around 350-500 days.
3. Its revenue may slow down due to off season- festivals and weddings.
4. Its geographical concentration of revenue in Mumbai can impact the business.
5. The business is capital intensive,
6. has reported negative cash flows in the past.
7. Operates in a highly competitive industry.
8. Exposed to exchange rate fluctuations.
Interiors & More
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Interiors & More IPO FAQs
When does the Interiors and More IPO open and close?
Interiors and More IPO opens from 15th February to 20th February 2024.
What is the size of the Interiors and More IPO?
The size of Interiors and More IPO is 42 cr.
How to apply for the Interiors and More IPO?
To apply for Interiors and More IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Interiors and More Limited IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Interiors and More IPO?
The price band of Interiors and More IPO is fixed at ₹216 to ₹227 per share.
What is the minimum lot size and investment required for the Interiors and More IPO?
The minimum lot size of Interiors and More is 600 shares and the investment required is ₹1,29,600.
What is the allotment date of the Interiors and More IPO?
The share allotment date of Interiors and More is 21st February 2024.
What is the Interiors and More IPO listing date?
Interiors and More IPO will be listed on 23rd February 2024.
Who are the book runners for the Interiors and More IPO?
Gretex Corporate Services Limited is the book-running lead manager for Interiors and More IPO.
What is the objective of Interiors and More IPO?
Interiors and More plans to utilize the raised capital from the IPO to:
1. To repay/prepay the debt obtained.
2. To meet working capital requirements.
3. General corporate purposes.
Contact Details of Interiors & More IPO
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
Phone: 022-47499811
Email: info@inm.net.in
Website: http://www.inm.net.in/
Interiors & More IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Interiors & More IPO Lead Manager
Gretex Corporate Services Limited
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