Interiors and More (NSE SME)
Feb 15, 2024 - Feb 20, 2024
| Price | ₹216 - ₹227 |
| Premium | ₹36 |
|---|---|
| Lot size | 600 |
| Allotment | Feb 21, 2024 |
| Listing | Feb 23, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 600 | 136200 | 1025 |
| HNI | 2 | 1200 | 272400 | 440 |
Last updated on 20-Feb-2024 17:03:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 351600 | 1243800 | 3.54 |
| NIB | 264000 | 8096400 | 30.67 |
| RETAIL | 615000 | 4562400 | 7.42 |
| Total | 1230600 | 13902600 | 11.3 |
| Retail Apps | 7604 | © IPO Premium | |
| HNI Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹9.35 | @8% ₹10.68 | @9% ₹12.02 | @10% ₹13.35 | @11% ₹14.69 | @12% ₹16.02 |
Incorporated in June 2012, 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 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.
The company offers a wide range of products including artificial flowers such as Rose, Yellow Marigold, 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.
As of December 31, 2023, the company has 93 permanent employees.
The company's main corporate office is located in Fort, Mumbai. Here, the company manages all its administrative and reporting needs, as well as factory support.
Interiors and More IPO Details
| Issue Size | 1,850,400 shares (aggregating up to ₹42.00 Cr) |
| Fresh Issue | 1,850,400 shares (aggregating up to ₹42.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,145,000 |
| Share holding post issue | 6,995,400 |
| Market Maker portion | 93,000 shares Gretex Share Broking |
Interiors and More IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Interiors and More IPO Lead Manager(s)
- Gretex Corporate Services Limited
Key Performance Indicator
| KPI | 2023 | 2022 | 2021 |
| ROE | 84.68% | 29.60% | 18.02% |
| ROCE | 75.58% | 14.60% | 7.51% |
| D/E Ratio | 1.45 | 3.20 | 3.01 |
| RONW | 59.57% | 25.78% | 21.40% |
| Basic & Diluted EPS | 11.52 | 2.03 | 1.42 |
| P/BV | 11.74 | ||
| P/E | 19.7 |
Company Financials
Interiors and More Limited Financial Information (Restated)
Interiors and More Limited's revenue increased by 153.09% and profit after tax (PAT) rose by 467.64% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 3,722.59 | 3,094.63 | 1,952.13 | 1,478.30 |
| Revenue | 1,853.78 | 2,527.17 | 998.53 | 663.10 |
| Profit | 354.57 | 592.84 | 104.44 | 43.33 |
| Net Worth | 1,349.78 | 995.21 | 405.07 | 300.63 |
| Reserves | 835.28 | 823.71 | 233.57 | 129.13 |
| Borrowing | 1,645.86 | 1,439.77 | 1,297.33 | 904.02 |
| Amount in ₹ Lakhs | ||||
Strength Factors:
Large & Diverse Product Portfolio: With a broad range of products, the company can cater to various market segments and customer needs effectively.
Organizational Stability and Management Expertise: The company benefits from a stable organizational structure and proficient management team.
Strong Customer and Distributor Relationships: Long-standing relationships with customers and distributors contribute to stable revenue streams and market presence.
Integrated Manufacturing Facility: The presence of an integrated manufacturing facility ensures efficiency and quality control throughout the production process.
Sales, Marketing, and Distribution Capabilities: The company possesses robust capabilities in sales, marketing, and distribution, enabling effective market penetration and product promotion.
Scalable Business Model: The business model is designed for scalability, allowing for growth and expansion as needed.
Risk Factors:
Seasonal Revenue Fluctuations: Revenue may experience slowdowns during off-season periods, such as festivals and weddings, affecting financial performance.
High Inventory Holding Period: Extended holding periods for inventories can tie up capital and pose liquidity challenges.
Geographical Revenue Concentration: Dependency on revenue from a single geographical area, such as Mumbai, exposes the business to regional economic risks and market fluctuations.
Capital Intensive Nature: The capital-intensive nature of the business demands substantial investments in infrastructure and equipment, potentially straining financial resources.
Product Design and Customer Preference Changes: The company's products face the risk of evolving customer requirements and changing market trends, requiring continuous adaptation.
Interiors and More IPO Lead Manager(s)
- Gretex Corporate Services Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html