Interiors and More IPO
The initial public offering (IPO) of Interiors and More will open for subscription on February 15 and close on February 20, comprising fresh issues of Rs.42.00 Cr.An investor can apply for the issue for a minimum of 600 shares and the listing will happen on February 23, 2024.
#1. Quick Intro to Interiors and More
Interiors and More Limited (2012) trades, imports, and sells artificial flowers. The company manufactures and trades quality artificial flowers, plants, decor items for homes and offices.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Interiors and More
The company intends to use the IPO Funds for the following purposes:
- Repayment/Prepayment of certain debt facilities.
- Working capital requirements..
- General corporate purposes.
#3. Interiors and More Core Strengths
- Organizational stability along with management expertise.
- Scalable business model.
- Large and diverse product portfolio .
- Integrated manufacturing facility.
- Cordial relationship with our customers.
- Well-developed distribution network.
- Strong sales, marketing and distribution capabilities.
#4. Interiors and More IPO Review & Rating
| Issue Size | Rs.42.00 Crore |
| Issue Price | Rs.216 to Rs.227 per share |
| Minimum Lot Size | 600 Shares |
| Total Profit (March 2023) | Rs.592.84 Lakh |
| ROE | 84.68 |
| ROCE | 75.58 |
| Listing on | NSE SME |
| IPO Deliver Rating | THREE |
#5. Interiors and More IPO Dates, Price Band & Details
Interiors and More IPO will open on February 15, 2024, and close on February 20, 2024. The IPO is to be listed on February 23, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.42.00Crore |
| Price Brand | Rs.216 to Rs.227 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | February 15, 2024 |
| IPO Close Date | February 20, 2024 |
| IPO Allotment Date | February 21, 2024 |
| Refund Date | February 22, 2024 |
| Share Credit Date | February 22, 2024 |
| Listing Date | February 23, 2024 |
#6. Interiors and More IPO Offer Details
Interiors and More IPO’s total issue size is 1,850,400. shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 1,850,400 | 42.00 |
| Offer for Sale (OFS) | – | – |
#7. Interiors and More Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 2,527.17 | 998.53 | 663.10 |
| Net Worth | 995.21 | 405.07 | 300.63 |
| Profit | 592.84 | 104.44 | 43.44 |
| Total Borrowings | 1,439.77 | 1,297.33 | 904.02 |
#8. Interiors and More Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 34.57 | 6.09 | 5.79 |
| RoNW (%) | 59.57 | 25.78 | 21.40 |
| NAV (Rs.) | 58.03 | 23.62 | 27.04 |
#9. Interiors and More Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in …….) |
RoNW (%) | NAV (Rs.) |
| – | – | – | – |
| – | – | – | – |
#10. Interiors and More Company Promoters
The company has Four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Rahul Jhunjhunwalar |
| 02. | Ekta Tibrewal |
| 03. | Pooja Jhunjhunwala |
| 04. | Reena Jhunjhunwala |
#11. Interiors and More Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 95.08 |
| Post-issue | 69.93 |
#12. Interiors and More IPO Reservation Details
Interiors and More IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Shares Offered | 615,600 (33.27%) |
| QIB Shares Offered | 351,600 (19.00%) |
| Market Maker Shares Offered | 93,000 (5.03%) |
| Anchor Investor Shares Offered | 526,200 (28.44%) |
| NII (HNI) Shares Offered | 264,000 (14.27%) |
| Total Shares Offered | 7,305,600 (100%) |
#13. Interiors and More IPO – Lot Size
An investor can apply for a minimum of 600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 600 | 136,200 |
| Retail (Max.) | 1 | 600 | 136,200 |
| HNI (Min.) | 2 | 3,200 | 272,400 |
#14. Interiors and More IPO – Prospectus Copy
An investor can download/view the Interiors and More prospectus copy, which the company filed to exchange, details are as follows.
| Interiors and More IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Interiors and More IPO Registrar
Bigshare Services Private Limited
Phone No.: +91-22-62638200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
#16. Interiors and More IPO Lead Manager
Gretex Corporate Services Limited
Phone No.: +91-9653249863
E-Mail: info@gretexgroups.com
Website: www.gretexgroups.com
#17. Interiors and More IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Interiors and More IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Interiors and More Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Interiors and More Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Interiors and More Company Details
Interiors and More Limited
Registered Office: Office No. 7, Ground Floor, Kumtha Street, Off Shahid Bhagat Singh Road, Ballard Estate, Fort Mumbai G.P.O Mumbai-400001, Maharashtra, India.
Phone No: +91-022-47499811
Email: info@inm.net.in
Website: www.inm.net.in
Investor Grievances/Compliance Officer: Kuntal Pankaj Sharma
#19. Interiors and More Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Interiors and More Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Manish Mohan Tibrewal |
| 02. | Ekta Tibrewal |
Interiors and More IPO – Frequently Asked Questions (FAQs)
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#1. What is an Interiors and More IPO? Interiors and More brings its IPO of Rs.42.00 Crore, on February 15, 2024, with a price band of Rs.216 to Rs.227 per share. |
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#2. What is the Interiors and More IPO Open date? Interiors and More IPO’s opening date is February 15, 2024. |
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#3. What is the Interiors and More IPO Close Date? Interiors and More IPO’s closing date is February 20, 2024. |
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#4. What is the Interiors and More IPO Listing date? Interiors and More’s IPO listing date is February 23, 2024. |
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#5. What is the Interiors and More IPO Minimum investment amount? Interiors and More IPO’s minimum investment amount is Rs. 136,200. |
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#6. What is the Interiors and More IPO offer issue Size? Interiors and More offers an issue size of Rs.42.00 Crore. |
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#7. What is the Interiors and More IPO Price Band? Interiors and More’s IPO price band is Rs.216 to Rs.227 per share. |
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#8. Is Interiors and More IPO mainboard IPO or SME IPO? Interiors and More IPO is a SME IPO. |