Interiors & More Limited trades, imports, and sells artificial flowers. The company manufactures and trades quality artificial flowers, plants, and decor items for homes and offices.
The manufacturing facility, which is fully furnished with all the necessary tools for production, test equipment for quality control, and additional handling supplies to enable efficient assembly and simple logistics, is located in Gujarat.
The company offers various products, including artificial flowers such as Roses, Yellow Marigolds, Green Grass in Mats, green Leaves, carnations, Hydrangea, and Hanging orchids. In addition, the company trades in Fountains, battery-operated Candles, Chandeliers, vases made of Wood and Glass, artificial trees, Furniture, and Tables.
The company has expanded to various locations over the years, including Mumbai and Delhi, with the factory operating from Umbergaon.
The company has two well-equipped manufacturing units. One is located in Umargam, Gujarat and measures 57,000 Sq. ft. The other unit is situated in Umbergaon, Gujarat and measures 7,000 Sq. ft. Both units have computer systems, internet connectivity, communication equipment, security, and other necessary facilities for our business operations to function smoothly.
As of December 31, 2023, the company has 93 permanent employees.
Interiors and More IPO – Details
| IPO Opening Date | 15 February 2024 |
| IPO Closing Date | 20 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18,50,400 Shares Worth ₹42.00 Crore Fresh Issue: 18,50,400 Shares Worth ₹42.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹216 – ₹227 |
| Market Lot | 600 Shares |
| Min Order | 600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Interiors and More IPO – Date Schedule
| IPO Open Date | 15 February 2024 |
| IPO Close Date | 20 February 2024 |
| Basis of Allotment | 21 February 2024 |
| Initiation of Refund | 22 February 2024 |
| Credit of Shares to Demat Account | 22 February 2024 |
| IPO Listing Date | 23 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 20, 2024 |
Interiors and More IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 600 | ₹1,36,200 |
| Retail (Maximum) | 1 | 600 | ₹1,36,200 |
| HNI (Minimum) | 2 | 1200 | ₹2,72,400 |
Competitive Strengths
- Market Demand.
- Competitive Landscape.
- Innovation and Design Capabilities.
- Manufacturing and Supply Chain.
- Distribution and Sales Channels.
- Growth Opportunities.
- Experienced Management Team.
Company Promoters
- Mr. Manish Mohan Tibrewal
- Mr. Rahul Jhunjhunwala
- Ms. Ekta Tibrewal
- Ms. Puja Jhunjhunwala
- Ms. Reena Jhunjhunwala
Object Of The Issue
- Repayment/Prepayment of Certain Debt Facilities.
- Working Capital Requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 6.63 | 6.23 | 0.43 | 9.04 |
| 31 March 2022 | 9.98 | 8.55 | 1.04 | 12.97 |
| 31 March 2023 | 25.27 | 17.31 | 5.92 | 14.39 |
| 31 December 2023 | 18.53 | 13.66 | 3.54 | 16.45 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 84.68% |
| ROCE | 75.58% |
| Debt/Equity | 1.45 |
| RoNW | 59.57% |
| P/BV | 11.74 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.52 | 6.76 |
| P/E (x) | 19.7 | 33.59 |
Interiors and More IPO Promoter Holding
| Pre Issue Share Holding | 95.08% |
| Post Issue Share Holding | 69.93% |
Interiors and More IPO Prospectus
Company Contact Information
| Interiors and More Limited Office No.7, Ground Floor, Kumtha Street, off Shahid Bhagat Singh Road-Ballard Estate, Fort Mumbai G.P.O. Mumbai – 400001 Phone: 022-47499811 Email: info@inm.net.in Website: http://www.inm.net.in/ |
Interiors and More IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Interiors and More IPO Lead Manager(s)
| 1. Gretex Corporate Services Limited |
Interiors and More IPO FAQs
| What is Interiors and More IPO? Interiors and More IPO is a SME IPO. The issue is priced at ₹216 – ₹227 per equity share. The IPO is to be listed on NSE SME. |
| When Interiors and More IPO will open? The IPO is to open on 15 February 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Interiors and More IPO? You can apply Interiors and More IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Interiors and More IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Interiors and More”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Interiors and More IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Interiors and More”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Interiors and More IPO Size? Interiors and More IPO size is ₹42.00 crores. |
| What is Interiors and More IPO Price Band? Interiors and More IPO Price Band is ₹216 – ₹227. |
| What is Interiors and More IPO Minimum and Maximum Lot Size? The minimum bid is 600 Shares with ₹1,36,200 amount while the maximum bid is 600 shares with ₹1,36,200. |
| What is the Interiors and More IPO Allotment Date? Interiors and More IPO allotment date is 21 February 2024. |
| What is the Interiors and More IPO Listing Date? Interiors and More IPO listing date is 23 February 2024. The IPO is to list on NSE SME. |
