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Interiors & More Ltd IPO

Interiors & More Ltd specialises in trading, importing, and selling artificial flowers, catering to both residential and commercial spaces. With a focus on quality, the company offers a diverse range of artificial flowers, plants, and décor items tailored for homes and offices.

Interiors & More Ltd IPO is set to be launched. Let us deep dive into the details to make an informed investment decision.

Interiors & More IPO Details



Parameter Details
IPO Open Date Feb 15, 2024
IPO Close Date Feb 20, 2024
Issue Size Rs 42.00 crores
Fresh Issue 18.5 lakh shares
IPO Price Band Rs. 216 to Rs. 227 per share
Subscription Dates Feb 15 - Feb 20, 2024
Allotment Date Feb 21, 2024
Listing Date Feb 23, 2024
Minimum Lot Size 600 shares
Minimum Retail Investment Rs. 136,200
Minimum HNI Investment 2 lots (1,200 shares), Rs. 272,400
Book Running Lead Manager Gretex Corporate Services Limited
Registrar Bigshare Services Pvt Ltd
Market Maker Gretex Share Broking

Checkout the List of Upcoming IPO.

Interiors & More IPO highlights start with its aim to raise Rs 42.00 crores through a fresh issue of 18.5 lakh shares. Subscription opens from February 15 to February 20, 2024. The IPO is anticipated to be listed on NSE SME and the Interiors & More IPO date is February 23, 2024. Priced at Rs. 216 to Rs. 227 per share, the minimum lot size is 600 shares, requiring a minimum investment of Rs. 136,200 for retail investors and Rs. 272,400 for HNIs.

About the Interiors & More Company

Established in June 2012, Interiors & More Limited specialises in trading, importing, and selling artificial flowers and décor items. With manufacturing units in Umargam and Umbergaon, Gujarat, the company offers a diverse range of products for homes and offices.

Its portfolio includes artificial flowers, plants, fountains, candles, chandeliers, and furniture. Interiors & More also organises exhibitions nationwide and employs 93 permanent staff, with its corporate office situated in Fort, Mumbai.

Interiors & More Company Financial Highlights

Period Ended Assets (in Lakhs) Revenue (in Lakhs) Profit After Tax (in Lakhs) Net Worth (in Lakhs) Reserves and Surplus (in Lakhs) Total Borrowing (in Lakhs)
31 Dec 2023 3,722.59 1,853.78 354.57 1,349.78 835.28 1,645.86
31 Mar 2023 3,094.63 2,527.17 592.84 995.21 823.71 1,439.77
31 Mar 2022 1,952.13 998.53 104.44 405.07 233.57 1,297.33
31 Mar 2021 1,478.30 663.10 43.33 300.63 129.13 904.02

Strengths & Weaknesses

Strengths Weaknesses
Organisational stability and management expertise Highly competitive industry
Scalable business model Geographical concentration of revenue in Mumbai
Large and diverse product portfolio Revenue slowdown during off-season festivals and weddings
Integrated manufacturing facility Products subject to changing designs and customer tastes
Long-standing relationships with customers and distributors Exposure to exchange rate fluctuations
Strong sales, marketing, and distribution capabilities Reported negative cash flows in the past

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

How to apply for Interiors & More Ltd IPO?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Interiors & More Ltd IPO and approve the payment on your UPI ID.

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.

  • The price band for the Interiors & More Ltd. IPO is set at Rs. 216 to Rs. 227 per share.

  • The minimum lot size for the Interiors and More Limited IPO is 600 shares.

  • The minimum investment required for retail investors to participate in the Interiors and More Limited IPO is Rs. 136,200, considering the minimum lot size of 600 shares priced within the price band of Rs. 216 to Rs. 227 per share. For High Net Worth Individuals (HNI), the minimum lot size investment is 2 lots, totalling 1,200 shares, amounting to Rs. 272,400.