Interiors & More IPO issue subscribed over 45% so far on Day 3. Check details
The book-building issue will end on February 20. The price band has been set at Rs 216-227 per equity share. The shares will be listed on the NSE Emerge platform.
About Interiors & More IPO
The IPO is entirely a fresh issue of 1,850,400 shares. The maximum subscription amount for retail investors is Rs 2 lakh. They can subscribe to at least one lot comprising 600 equity shares. The retail investors have been allotted a quota of 615,600 shares.
Interiors & More IPO proceeds
The company intends to utilise the proceeds of the IPO for repayment/pre-payment of certain debt facilities and Rs 4.50 crore will be used towards it. The company will use Rs 25 crore for working capital requirements. Some part of the proceeds will also be utilised towards general corporate purposes.
About Interiors & More
The company was originally incorporated on July 30, 2012, as 'Interiors & More Private Limited' but in 2023 it was converted to Public Limited Company as ‘Interiors & More Limited’. Initially, the company focused on trading artificial flowers, importing them and selling them domestically and later expanded into decorative items such as vases, plants, planters, wedding props, lights, furniture, fabric, chandeliers, candles, fragrances, and other related décor items. As of today, it manufactures and trades artificial flowers, plants and other home and office décor items. It has an in-house manufacturing plant.
The promoters of the company are Manish Mohan Tibrewal, Rahul Jhunjhunwala, Ekta Tibrewal, PUJA Jhunjhunwala and
