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The company plans to use the net proceeds from the IPO to be used for repayment of debt, working capital requirements and general corporate purposes.
Check Eleganz Interiors IPO price band
Eleganz Interiors has priced its IPO in the range of Rs 123-130 per share, where investors can bid for 1,000 shares in one lot. About 20% is reserved for institutional investors, 40% for retail investors and the rest 40% for non-institutional investors.
Eleganz Interiors GMP on Day 1
Eleganz Interiors is boasting a GMP of around Rs 35 in the grey market, indicating a premium of 27% over the issue price.
Eleganz Interiors GMP IPO details
The company is engaged in the business of providing interior fit-out solutions, dedicated towards crafting corporate and commercial spaces which includes corporate offices, research and development facilities, laboratories, amongst others.
Its services are focussed towards creating captivating and functional spaces on a pan India level. The company elevates the aesthetic and functional aspects of workspaces by delivering interior fit-out solutions. The company’s solutions range from bare shell to fully furnished commercial spaces.
The interior fit-out services segment within the construction space refers to the final stage of development, where the internal spaces of buildings are customized and equipped according to the client’s requirements.
Check allotment and listing date of Eleganz Interiors IPO
Eleganz Interiors is likely to finalise the share allotment process for the IPO on February 12 and the listing date is scheduled for February 14.
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