Interiors and More IPO Details ( Interiors and More Limited IPO Review )
(15 Feb 2024 – 20 Feb 2024)
Founded in June 2012, Interiors & More Limited specializes in trading, importing, and selling artificial flowers. Our focus is on providing high-quality artificial flowers, plants, and decor items for homes and offices.
Our manufacturing facility, fully equipped with essential production tools, quality control test equipment, and additional handling supplies, is situated in Gujarat. This ensures efficient assembly and straightforward logistics.
Over the years, we have expanded our presence to various locations, including Mumbai and Delhi, with our primary factory operating in Umbergaon.
We boast two well-equipped manufacturing units. One, covering 57,000 sq. ft., is located in Umargam, Gujarat, while the other, measuring 7,000 sq. ft., is situated in Umbergaon, Gujarat. Both units are equipped with computer systems, internet connectivity, communication equipment, security features, and other essential facilities for smooth business operations.
Our product range includes artificial flowers like Roses, Yellow Marigolds, Green Grass in Mats, green Leaves, carnations, Hydrangea, and Hanging orchids. Additionally, we trade in Fountains, battery-operated Candles, Chandeliers, vases made of Wood and Glass, artificial trees, Furniture, and Tables.
Interiors & More Limited organizes exhibitions across India to showcase our curated products.
As of December 31, 2023, we have a dedicated team of 93 permanent employees.
Our main corporate office, located in Fort, Mumbai, serves as the hub for managing administrative and reporting needs, as well as providing factory support.
Interiors and More Limited IPO Competitive Strength
- Organizational stability along with management expertise
- Scalable Business Model
- Large & Diverse Product Portfolio
- Integrated manufacturing facility
- Cordial relationship with our customers
- Well-developed distribution network
- Strong sales, marketing, and distribution capabilities
Interiors and More IPO Financials Performance ( Results )
Interiors and More Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 1,478.30 | 663.10 | 43.33 | 1.42 | 300.63 | 6.62 | 129.13 | 904.02 |
| 31-Mar-22 | 1,952.13 | 998.53 | 104.44 | 2.03 | 405.07 | 7.87 | 233.57 | 1,297.33 |
| 31-Mar-23 | 3,094.63 | 2,527.17 | 592.84 | 11.52 | 995.21 | 19.34 | 823.71 | 1,439.77 |
| 31-Dec-23 | 3,722.59 | 1,853.78 | 354.57 | 6.89 | 1,349.78 | 26.23 | 835.28 | 1,645.86 |
Objective of Interiors & More IPO Issue
- Repayment/Prepayment of Certain Debt Facilities
- Working Capital Requirements
- General Corporate Purposes.
Interiors and More IPO Basic Details
| IPO Date | Feb 15, 2024 to Feb 20, 2024 |
| Listing Date | Friday, February 23, 2024 |
| Face Value | ₹10 per share |
| Price | ₹216 to ₹227 per share |
| Lot Size | 600 Shares |
| Issue Size | 1,850,400 shares of ₹10 (aggregating up to ₹42.00 Cr) |
| Fresh Issue | 1,850,400 shares of ₹10 (aggregating up to ₹42.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,145,000 |
| Share holding post issue | 6,995,400 |
| Company Promoters | Mr. Manish Mohan Tibrewal, Mr. Rahul Jhunjhunwala, Ms. Ekta Tibrewal, Ms. Puja Jhunjhunwala and Ms. Reena Jhunjhunwala |
Interiors and More IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Interiors & More IPO Timetable
Interiors & More IPO will open on February 15, 2024 and close on February 20, 2024. You can join Interiors & More IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 15 February 2024 (Thursday) |
| Closing Date | 20 February 2024 (Tuesday) |
| Basis of Allotment | 21 February 2024 (Wednesday) |
| Initiation of Refunds | 22 February 2024 (Thursday) |
| Credit of Shares to Demat | 22 February 2024 (Thursday) |
| Listing Date | 23 February 2024 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 20 February 2024 |
Interiors and More IPO Lot Size
For retail investors in Interiors and More IPO, 600 shares will come in 1 lot or the minimum investment will be ₹136,200. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹136,200.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹136,200 |
| Retail (Max) | 1 | 600 | ₹136,200 |
| S-HNI (Min) | 2 | 1200 | ₹272,400 |
Interiors and More IPO Promoter Holding
The company’s promoters include Mr. Manish Mohan Tibrewal, Mr. Rahul Jhunjhunwala, Ms. Ekta Tibrewal, Ms. Puja Jhunjhunwala and Ms. Reena Jhunjhunwala.
| Pre Issue Share Holding | 95.08% |
| Post Issue Share Holding | 69.93% |
Interiors and More Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 158.80 |
| Earning Per Share (EPS) | ₹11.52 per Equity Share |
| Net Asset Value (NAV) | ₹19.34 per Equity Share |
| P/E Ratio (P/E) (x) | 19.70 |
| Post P/E Ratio (P/E) (x) | 33.59 |
| Return on Net Worth (RoNW) (%) | 59.57 |
| Return on equity (ROE) (%) | 84.68 |
| Return on Capital Employed (ROCE) (%) | 75.58 |
| Debt/Equity Ratio | 1.45 |
| Price/Book Value Ratio | 11.74 |
Interiors and More Ltd Peer Comparison
There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.
Interiors and More IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹0 | – | – |
| 13 February 2024 | ₹0 | – | – |
Interiors and More IPO Detail Video:
link
Interiors and More IPO Subscription Status (Bidding Detail)
The Interiors and More IPO on February 20, 2024 at 7:30:00 PM was subscribed 11.22 times, with the retail category being subscribed 7.41 times, the NII (Non-Institutional Investor) category being subscribed 30.32 times, QIB (Qualified-Institutional Buyers) category being subscribed 3.54 times.
| Category | Subscription |
| QIB | 3.54x |
| NII | 30.32x |
| Retail | 7.41x |
| Total | 11.22x |
Interiors and More IPO Prospectus
| Interiors and More IPO DRHP | Download |
| Interiors and More IPO RHP | Download |
| Interiors and More IPO Anchor Investors Details PDF | Download |
Interiors and More IPO Rating
| Our Rating | 2.5/5.0 |
Interiors and More Company Contact Information
Interiors and More Limited
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.
Contact Person: Ms. Kuntal Pankaj Sharma, Company Secretary and Compliance Officer
Email Id: info@inm.net.in
Tel No: 022-47499811
Website: www.inm.net.in
Our Promoters: Mr. Manish Mohan Tibrewal, Mr. Rahul Jhunjhunwala, Ms. Ekta Tibrewal, Ms. Puja Jhunjhunwala and Ms. Reena Jhunjhunwala
Interiors and More IPO Registrar
Bigshare Services Private Limited
Registered Office: S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India
Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Sagar Pathare
SEBI Registration No.: INR000001385
Interiors and More IPO Lead Manager
Gretex Corporate Services Limited
Registered Office: A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls, Dadar (w), Delisle Road, Mumbai – 400013 Maharashtra, India.
Tel No.: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
Contact Person: Mr. Ravi Bombarde
SEBI Registration No: INM000012177
CIN: L74999MH2008PLC288128
Interiors and More IPO FAQs
What is the lot size of Interiors and More IPO?
The total size of Interiors and More IPO is ₹42.00 crores and this is a complete fresh Issue.
When will Interiors and More IPO start?
Interiors and More IPO will open from 15 February 2024 and IPO will close on 20 February 2024.
What is the open date of Interiors and More IPO?
Interiors and More IPO will open date from 15 February 2024.
What is the last date ( close date ) of Interiors and More IPO?
Interiors and More IPO will close from 20 February 2024.
What is the price band of Interiors and More IPO?
Interiors and More IPO price band is ₹216 to ₹227. ( Upper Price Band: ₹227, Lower Price Band: ₹216 )
What is the minimum amount required to apply for Interiors and More IPO?
The minimum investment for retailers to apply for Interiors and More IPO is ₹136,200 and the maximum investment is ₹136,200.
What is going on gray market premium of Interiors and More IPO?
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How much is the GMP of Interiors and More IPO?
Watch Interiors and More IPO GMP Today: Click Here
What is the allotment date of Interiors and More IPO?
The allotment date of Interiors and More IPO is 21 February 2024.
How to check allotment status in Interiors and More IPO?
To check the allotment status of Interiors and More IPO, first of all go to the registrar website by clicking here, select your bad Interiors and More IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Interiors and More IPO?
The listing date of Interiors and More IPO is 23 February 2024.
How much will be the listing gain in Interiors and More IPO?
View listing gain of Interiors and More IPO by Clicking Here
How much time Interiors and More IPO is subscribed?
Total 11.22 times subscribed in Interiors and More IPO out of which 7.41 times subscription was done in retail quota, 30.32 times subscription in NII quota and 3.54 times subscription in QIB quota.
How to apply for Interiors and More IPO from Upstox?
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