Eleganz Interiors Limited is set to launch its initial public offering (IPO) from February 7 to February 11, 2025, aiming to raise approximately ₹78.07 crores. The IPO will consist of up to 60.05 lakh equity shares with a face value of ₹10 each, priced between ₹123 and ₹130 per share. Specializing in interior fit-out solutions for corporate and commercial spaces, Eleganz has established a strong market presence with a diverse portfolio, including projects for offices and laboratories. The funds raised will be utilized for debt repayment and working capital needs.
₹5
₹130
₹122
Expert Opinions
Market sentiment surrounding the Eleganz Interiors IPO is optimistic, driven by a growing demand for interior fit-out solutions in the expanding commercial real estate sector. Company strengths include a robust portfolio of completed projects and a strong reputation for delivering high-quality interior solutions, which positions Eleganz as a leader in its niche. Risks and challenges involve potential fluctuations in raw material costs and intense competition from established players, which could impact profit margins and market share.
Valuation analysis for FY 2024 reveals a return on equity (ROE) of 26.96%, return on capital employed (ROCE) of 9.82%, and return on net worth (RoNW) of 26.96%, indicating strong financial performance and effective capital management. Long-term investment perspective suggests that Eleganz Interiors is well-positioned to capitalize on the ongoing infrastructure boom.
Investor Considerations
Investors considering the Eleganz Interiors IPO should evaluate several critical factors. Company performance and fundamentals indicate a solid growth trajectory, with revenues increasing from ₹191.17 crores in FY2023 to ₹221.29 crores in FY2024, alongside a profit after tax of ₹12.2 crores, reflecting effective management and operational efficiency. The sector outlook is favorable, driven by rising demand for interior fit-out solutions in the expanding commercial real estate market.
The IPO valuation reveals a price-to-earnings (P/E) ratio of approximately 17.67, a profit after tax (PAT) margin of 5.52%, and a debt-to-equity ratio of 0.83, indicating a healthy financial position with manageable debt levels. Growth prospects remain strong as the company plans to expand its service offerings and enhance its market presence. However, potential risk factors include fluctuations in raw material prices and competition from established players. A long-term investment horizon is advisable as Eleganz aims to leverage ongoing infrastructure developments for sustained growth and profitability.
| Date | GMP | Trend |
|---|---|---|
| 13 Feb 2025 18.14 | ₹5 | Down |
| 11 Feb 2025 11.05 | ₹15 | Down |
| 10 Feb 2025 10.38 | ₹35 | Down |
| 09 Feb 2025 12.33 | ₹40 | --- |
| 08 Feb 2025 20.45 | ₹40 | --- |
| 07 Feb 2025 20.05 | ₹40 | --- |
| 06 Feb 2025 20.01 | ₹40 | Down |
| 05 Feb 2025 11.16 | ₹50 | Up |
| 04 Feb 2025 11.34 | ₹40 | --- |
| 03 Feb 2025 17.31 | ₹40 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Eleganz Interiors’ listing performance. While the GMP of ₹5 predicted a positive premium of 3.85% over the issue price, the stock actually listed at a loss of 6.15%. With a prediction error of 9.63%, the GMP not only failed to predict the magnitude but also completely misread the direction of the listing movement, demonstrating its unreliability as a price predictor in this case.
Eleganz Interiors IPO Current GMP is ₹5.
Eleganz Interiors IPO Expected Returns is 3.85%.
Eleganz Interiors IPO estimated listing price is ₹135.