Here’s how you can check the status on NSE:
Step 1: Visit the NSE IPO login page and register/sign up in case you are a new user.
Step 2: On registration, the investor will receive an email notification from NSE on the registered email address providing the login details. Log in using the details.
Step 3: Provide your PAN details. The user shall be able to view the details of the bids entered against the registered PAN number.

The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services Private in this case.
Step 1: Visit the IPO Allotment Status page on Bigshare Services Private website
Step 2: Select IPO from the dropdown
Step 3: Put Application No. and enter captcha and ‘Submit’

The IPO of Interiors & More was subscribed 7.69 times over a four-day issue period. The issue received 14,232,000 shares bids on the NSE, of which, the retail portion received 4,876,800 shares bids. The non-institutional investors’ portion received 8,111,400 share bids while the qualified institutional buyers’ (QIB) quota received 1,243,800 bids.The issue ended on February 20, Tuesday. The price band was set at Rs 216-227 per equity share. The equity shares will be listed on the NSE Emerge platform.

Interiors & More IPO GMP

The shares of Interiors & More were commanding a market premium (GMP) of Rs 20-25 per share in the unlisted market.

About Interiors & More IPO

The IPO was a completely fresh issue comprising 1,850,400 equity shares. The maximum subscription amount for retail investors was Rs 2 lakh where they could 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 for general corporate purposes.

About Interiors & More

The company was originally incorporated on July 30, 2012, as a private limited company as ‘Interiors & More Private Limited’ but in 2023 the company 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, fragrance, 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 Reena Jhhunjhunwala.

Interiors & More financials

The revenue mainstay is sales of artificial flowers, plants & leaves. The company reported a revenue of Rs 18.42 crore as of December 31, 2023. The profit after tax (PAT) during this period was Rs 3.54 crore. In FY2023, the revenue was reported at Rs 24.85 crore versus Rs 9.89 crore in FY2022 and Rs 6.43 crore in FY2021. The PAT in respective FYs stood at Rs 5.93 crore, Rs 1.04 crore, and Rs 43.33 lakh, respectively.

Interiors & More lead managers

The book-running lead manager (BRLM) for the issue of Interiors & More is Gretex Corporate Services Limited while the registrar is Bigshare Services Private. The sponsor bank is ICICI Bank.

Interiors & More IPO timeline

The allotment of shares is expected to get finalised on February 21, Wednesday. The initiation of refunds and credit of shares to Demat accounts is expected on February 22, Thursday. The expected listing date is February 23, Friday.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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