Interiors and More Limited IPOis set to launch on 15 February, 2023. The company initiated business operations in the year 2012. It is involved in the business of trading and selling artificial flowers. The products supplied by the company are used for both household and office purposes. The manufacturing facilities of the firm are located in Gujarat. Manufacturing facility at Umargam is spread across 57000 sq ft and the one in Umbergaon is spread across 7000 sq ft. It has also expanded its reach to Delhi and Mumbai. Product portfolio of the firm includes Yellow Marigolds, Roses, Green Leaves, Green Grass Mats, hanging Orchids, Hydrangea and carnations. It has a staff of 93 people.
Interiors and More Limited IPO DETAILS
Interiors and More Limited IPOis set to launch on 15 February, 2023. The subscription timeline extends till 20 February, 2023. The size for the IPO is 42 Crore Rs. Shares issued through fresh issue mode are worth Rs 42 Crore. No shares are issued through offer for sale mode. The lot size is 600 shares and the price is 216 Rs to 227 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Interiors and More Limited IPO
| IPO OPENING DATE | 15 February, 2023 |
| CLOSING DATE FOR IPO | 20 February, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 216 Rs to 227 Rs per share |
| LOT SIZE | 600 shares |
| MINIMUM ORDER QUANTITY | 600 shares |
| ISSUE SIZE | 42 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 42 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 23 February, 2023 |
Interiors and More Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 15 February, 2023 |
| CLOSING DATE FOR IPO | 20 February, 2023 |
| IPO ALLOTMENT DATE | 21 February, 2023 |
| REFUNDS | 22 February, 2023 |
| DEMAT A/C CREDITED ON | 22 February, 2023 |
| IPO LISTING DATE | 23 February, 2023 |
Interiors and More Limited IPO begins for subscription from 15 February, 2023. The IPO subscription would continue till 20 February, 2023. The allotment status for the shareholders who applied would come on 21 February, 2023. The refunds for the ones who did not get allotment would be initiated on 22 February, 2023. The DEMAT accounts of shareholders would be credited on 22 February, 2023. The listing of the company would be completed on 23 February, 2023.
Interiors and More Limited IPO: Lead Managers
The lead managers are :
- Gretex Corporate Services Limited
The minimum lot size for the company is decided at 600 shares. This holding accounts to 136200 Rs.. The maximum lot size is decided at 1200 shares (HNI). This amounts to 272400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 600 shares | 136200 Rs. |
| Maximum | 1200 shares | 272400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 1478 | 1952 | 3094 |
| Revenue | 663 | 998 | 2527 |
| PAT | 43 | 104 | 592 |
Interiors and More Limited had an asset base of 1478 Lakh Rs in 2021 which increased to 1952 Lakh Rs in 2022. The asset base of the firm was 3094 Lakh Rs in 2023. The revenue of the firm was 663 lakh Rs in 2021 which increased ro 998 Lakh Rs in 2022 and 2527 Lakh Rs in 2023. The profit of the firm was 43 Lakh Rs in 2021. Profit for the year 2022 was 104 Lakh Rs. The profit of the firm in the year 2023 was 592 Lakh Rs.
PROS
- The products supplied by the company are used for both household and office purposes. The manufacturing facilities of the firm are located in Gujarat.
- Manufacturing facility at Umargam is spread across 57000 sq ft and the one in Umbergaon is spread across 7000 sq ft.
- It has also expanded its reach to Delhi and Mumbai.
- Product portfolio of the firm includes Yellow Marigolds, Roses, Green Leaves, Green Grass Mats, hanging Orchids, Hydrangea and carnations.
- It has a staff of 93 people.
Interiors and More Limited IPOApplication Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Interiors and More Limited IPObutton and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
