Eleganz Interiors IPO allotment: How to check status online on NSE, Bigshare Services

Eleganz Interiors IPO allotment: Eleganz Interiors Ltd is expected to finalise the IPO share allotment on Wednesday, February 12, following the end of subscription of its ₹78.07-crore initial public offering (IPO).

The NSE SME issue closed with strong demand as the IPO was overall booked nearly 31 times.

The issue, aimed at raising ₹78.07 crore from investors, opened on February 7.

The IPO attracted applications for more than 12.27 crore shares against 39.94 lakh equity shares on offer, leading to an overall subscription of 30.72 times.

After the successful subscription, the company is scheduled to finalise the share allotment status on Wednesday. Investors can also check the finalisation status on the websites of IPO registrar Bigshare Services Pvt. Ltd and the NSE.

Steps to check Eleganz Interiors IPO allotment status on Bigshare Services website

• Open the IPO allotment status page on the official website of Bigshare Services Pvt. Ltd: https://www.bigshareonline.com/ipo_allotment.html
• Click on any of the server links out of three options
• Select Eleganz Interiors from the list of company names
• Choose any of these—Application number, beneficiary ID and PAN
• Enter details as per your selected verification option
• Complete the 'captcha'
• Click the ‘Search’ button

How to check Eleganz Interiors IPO allotment status on NSE website

• Go to the NSE IPO allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select Equity & SME IPO bid details
• Choose Eleganz Interiors under symbol ‘ELGNZ’ from the dropdown list
• Verify PAN and enter the IPO application Number
• Submit to check details

Eleganz Interiors IPO key details

• The ₹78.07-crore SME IPO of Eleganz Interiors Ltd comprises a fresh issue of 60.05 lakh shares.
• The price band for the IPO was fixed at ₹123 to ₹130 per piece.
• The minimum lot size was 1,000 shares, requiring an investment of ₹1,23,000.
• Eleganz will initiate refunds and credit shares to the Demat accounts on February 13.
• The company has proposed to list its shares on the NSE SME platform Emerge on February 14.

Eleganz Interiors IPO objects

Eeganz Interiors Ltd offers interior fit-out solutions, dedicated towards crafting corporate and commercial spaces. It provides interior design solutions to corporate offices, airport lounges, laboratories, R&D facilities, flexible workspace and commercial retail spaces, amongst others.

The company bids for domestic tenders’ issued by large domestic and multi-national corporations, project management consultants and international property consultants tenders.

The company has proposed to utilise ₹25 crore of IPO proceeds for repayment of a portion of certain outstanding debt availed by the company. It will use ₹30 crore to meet working capital requirements.

Eleganz Interiors Ltd financials

Eleganz Interiors reported Revenue from operations of ₹192.09 for the April-September period of FY25. The net profit was ₹9.53 crore for the six-month period.

The interior designer reported revenue of ₹221.29 crore for FY24 against ₹190.25 crore for the previous FY23 fiscal. Profit after tax grew to ₹12.20 crore in FY24 from ₹10.31 crore the preceding financial year.

Eleganz Interiors Limited Key Performance indicators (FY2024)