Interiors and More Limited
Book Built Issue IPO · NSE
- Price band
- ₹216 - ₹227
- Lot size
- 600 shares
- Issue amount
- ₹42 cr
- Total subscription
- 11.3×
- Opens
- 15 Feb 2024
- Closes
- 20 Feb 2024
- Allotment
- 21 Feb 2024
- Listing
- 23 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 18,50,400 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,29,600
- Fresh issue
- ₹42 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,36,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 51,45,000
- Shares after issue
- 69,95,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,36,200 |
| HNI | 2 | 1,200 | ₹2,72,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.98 | 28.23 |
| RETAIL | 13.96 | 103.57 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 11.52 | 2.03 | 1.42 |
| ROE | 84.68 | 29.6 | 18.02 |
| ROCE | 75.58 | 14.6 | 7.51 |
| RONW | 59.57 | 25.78 | 21.4 |
| PRE IPO(PE) | 11.74 | 0 | 0 |
| POST IPO(PE) | 19.7 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Interiors & More Limited, incorporated in June 2012, specializes in trading, importing, and selling artificial flowers, plants, and décor items for homes and offices. The company operates two manufacturing units in Gujarat—a 57,000 sq. ft. facility in Umargam and a 7,000 sq. ft. unit in Umbergaon—both equipped with modern production tools, quality control systems, and smooth logistics. Its diverse product range includes artificial flowers like roses, marigolds, and orchids, as well as fountains, battery-operated candles, chandeliers, vases, artificial trees, and furniture. The corporate office in Fort, Mumbai, handles administration, reporting, and factory support. As of December 31, 2023, the company employs 93 permanent staff.
Strengths
- Wide Product Range: A diverse portfolio allows the company to serve different market segments and meet various customer needs.
- Strong Leadership & Stability: A well-structured organization with an experienced management team ensures smooth operations and strategic growth.
- Trusted Customer & Distributor Network: Long-term relationships contribute to consistent revenue and a strong market presence.
- Efficient Manufacturing: An integrated facility ensures high-quality production and operational efficiency.
- Effective Sales & Distribution: Strong sales, marketing, and distribution strategies help in market expansion and brand promotion.
- Growth-Oriented Business Model: The company’s scalable model allows for easy expansion and future growth opportunities.
Risk factors
- Seasonal Revenue Changes: Sales may slow down during off-seasons, like after festivals and wedding periods, impacting financial performance.
- High Inventory Holding: Keeping large inventories for long periods can tie up capital and create liquidity challenges.
- Regional Revenue Dependence: Relying heavily on Mumbai for revenue makes the business vulnerable to local economic shifts.
- Capital-Intensive Operations: Significant investments in infrastructure and equipment can strain financial resources.
- Changing Customer Preferences: Evolving market trends and shifting customer demands require constant product innovation and adaptation.
Promoters
Mr. Manish Mohan Tibrewal
Mr. Rahul Jhunjhunwala
Ms. Ekta Tibrewal
Ms. Puja Jhunjhunwala
Ms. Reena Jhunjhunwala
Registrar & documents
Lead manager
Gretex Corporate Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No.7, Ground Floor, Kumtha Street, off Shahid Bhagat Singh Road-Ballard Estate, Fort Mumbai G.P.O. Mumbai - 400001
022-47499811
[email protected]Company website ↗Understanding INM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.