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Interiors and More Limited IPO:
Interiors and More Limited, a renowned maker and distributor of artificial flowers and decorative products, is preparing to launch its initial public offering (IPO).
This SME IPO provides an excellent chance for investors to join in the success story of a well-known company in the thriving home decor industry. Let’s look at the important aspects of the IPO, such as the date, price, allotment, and future prospects.
IPO Timeline and Price Band:
- Open Date: February 15, 2024
- Close Date: February 20, 2024
- Price Band: ₹216 – ₹227 per share
- Minimum Investment: ₹129,600 (for 600 shares)
IPO Size and Allotment:
- Issue Size: ₹42.00 Crore
- Fresh Issue: 18.5 Lakh Shares
- No Offer for Sale (OFS)
- Allotment: Expected to be finalized on February 21, 2024
- Listing: Proposed on NSE SME (Tentative date: February 23, 2024)
Company Background and Business Model:
Interiors and More, founded in 2012, has developed a place in the home decor market. They create and sell a wide assortment of artificial flowers for weddings, parties, business settings, and residences.
Beyond flowers, their product line includes vases, plants, planters, wedding accessories, lighting, furniture and other decorative items. This diversification enables them to serve a larger consumer base and enter into other segments of the home design business.
Key Financials and Growth Potential:
Over the last three years, the company’s financial performance has been solid, with a CAGR of 17.5% in revenue and 21.8% in net profits. Their emphasis on innovation, development into new product categories, and developing strong partnerships with vendors and customers positions them for future success.
Conclusion:
The Interiors and More Limited IPO offers an appealing opportunity to participate in a developing market with a promising company. Before making any investment decisions, it is critical to conduct a thorough review of the company’s financials, industry trends, and risk considerations.
Remember that previous performance does not guarantee future results, and investors should check with a financial professional before participating in the IPO.