Eleganz Interiors Limited, a leading provider of interior fit-out solutions in India, has announced the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The company’s initial public offering (IPO) comprises a fresh issuance of 60,05,000 equity shares, each with a face value of Rs 10.
Vivro Financial Services Private Limited is the sole Book Running Lead Manager to the issue, while Bigshare Services Private Limited is the Registrar. Headquartered in Mumbai, Eleganz Interiors provides interior fit-out solutions for corporate and commercial spaces, including offices, research and development facilities, laboratories, and retail spaces.
The company’s services focus on creating captivating and functional spaces across India. Eleganz Interiors elevates the aesthetic and functional aspects of workspaces by delivering interior fit-out solutions, ranging from bare shell to fully furnished commercial spaces.
According to the DRHP, the company intends to utilize Rs 25 crores of the total IPO proceeds for repayment of outstanding borrowings and Rs 30 crores to fund its working capital requirements. The balance funds will be utilized for general corporate purposes.
Eleganz Interiors operates through branch offices in Bangalore, Pune, Hyderabad, Gurugram, Ahmedabad, and Chennai. The company plans to continue its strategy of diversifying and expanding its presence in these regions for business growth.
