Eleganz Interiors IPO - Day 3 Subscription at 7.97 Times

Eleganz Interiors' initial public offering (IPO) has garnered exceptional investor interest over the three-day subscription period. The IPO demonstrated remarkable growth in demand, with subscription rates progressing steadily from 1.34 times on day one, strengthening to 5.83 times on day two, and reaching an impressive 7.97 times by 11:34 AM on the final day, indicating robust investor confidence across all categories.

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Eleganz Interiors IPO, which opened on February 7, 2025, has witnessed particularly strong interest from retail investors, with their portion being subscribed 11.73 times, showcasing significant individual investor confidence in the company's prospects. The Non-Institutional Investors (NII) segment also showed substantial interest with 6.55 times subscription, while the Qualified Institutional Buyers (QIB) portion achieved a healthy 2.46 times subscription.

The ₹78.07 crore IPO, consisting entirely of fresh issue of shares, has set a fixed price of ₹130 per share with a minimum lot size of 1,000 shares. The strong response across investor categories, particularly from retail investors with 23,415 applications, demonstrates market confidence in the company's business model and growth prospects in the interior solutions sector. The total subscription amount reaching ₹413.78 crores against the issue size reflects the substantial investor appetite for this offering.

Subscription Status of Eleganz Interiors IPO:

Here are the subscription details for Eleganz Interiors IPO as of Day 3 (February 11, 2025, 11:34 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Eleganz Interiors IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reached an impressive 7.97 times on the final day
• Retail investors showing exceptional interest with 11.73 times subscription
• Non-Institutional Investors demonstrating strong confidence at 6.55 times
• QIB portion maintaining steady interest at 2.46 times
• Total bids worth ₹413.78 crores received across categories
• Applications reached 24,828 showing robust retail participation
• Market response indicating significant investor confidence
• All segments showing substantial oversubscription
• Final day witnessing accelerated momentum in subscriptions
• Strong validation of company's business model and growth prospects
• Retail segment leading with over ₹304.40 crores in bids
• Balanced participation observed across investor categories
   

Eleganz Interiors IPO - Day 2 Subscription at 5.83 Times

Key Highlights:

• Overall subscription strengthened significantly to 5.83 times
• Retail investors showing growing confidence with 8.51 times subscription
• Non-Institutional Investors demonstrating strong interest at 4.07 times
• QIB portion improved substantially to 2.46 times
• Total applications showing robust growth trend
• Market response indicating building momentum
• All segments showing healthy oversubscription levels
• Day two witnessing accelerated participation
• Strong institutional and retail demand emerging
• Balanced participation across investor categories
• Subscription amounts reflecting strong investor appetite
• Positive market sentiment driving increased participation
   

Eleganz Interiors IPO - Day 1 Subscription at 1.34 Times

Key Highlights:

• Overall subscription opened encouragingly at 1.34 times
• Retail investors showing strong initial interest at 2.05 times
• Non-Institutional Investors beginning well at 1.33 times
• QIB portion started at 0.10 times showing early institutional interest
• Opening day demonstrating promising response
• Initial momentum indicating strong market confidence
• Retail segment leading subscription figures
• Day one setting positive tone for the issue
• Early applications showing robust retail participation
• Market response indicating strong investor appetite
• First-day numbers suggesting healthy demand
• Strong foundation laid for subsequent days
   

About Eleganz Interiors Limited

Established in 1996, Eleganz Interiors Limited has evolved into a leading provider of comprehensive interior solutions for corporate and commercial spaces. With over two decades of expertise, the company has successfully executed more than 200 projects covering over 45 lakh square feet of development. Their services span across corporate offices, research facilities, laboratories, airport lounges, and flexible workspaces, demonstrating their versatility and technical prowess in the interior solutions sector.

Their financial performance shows consistent growth with revenue increasing from ₹191.17 crores in FY2023 to ₹223.09 crores in FY2024, while profit after tax rose from ₹10.31 crores to ₹12.21 crores. For the six months ended September 30, 2024, the company reported revenue of ₹192.40 crores with a PAT of ₹9.53 crores, showcasing strong operational efficiency and growth potential.

Their competitive strengths include:

• Experienced design and engineering team
• Diverse service offerings across industries
• Strong quality standards and sustainable practices
• Strategic presence in key economic hubs
• In-house woodwork manufacturing capabilities
• Proven track record with over 200 completed projects
• Strong order book of 47 ongoing projects
• Professional management team
   

Highlights of the Solarium Green IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹78.07 crores
• Fresh Issue: 60.05 lakh shares
• Face value: ₹10 per share
• Issue price: ₹130 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,30,000
• Minimum investment for HNI: ₹2,60,000 (2 lots)
• Market maker reservation: 3,01,000 shares
• Listing at: NSE SME
• IPO opens: February 7, 2025
• IPO closes: February 11, 2025
• Allotment date: February 12, 2025
• Refund initiation: February 13, 2025
• Credit of shares: February 13, 2025
• Listing date: February 14, 2025
• Lead Manager: Vivro Financial Services Private Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Rikhav Securities Limited