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The price band of the IPO of this company has arrived, know when will it open and how much GMP, you are not ready!

Investors can bid at least 1,000 shares and its multiple in this IPO.

Photo: Freepik Investors can bid at least 1,000 shares and its multiple in this IPO.

Eleigange Interiors, a company that providing interior fit-out solution, has fixed the price band for its upcoming IPO on Tuesday. A price of Rs 123-130 per share has been fixed for an IPO (initial public issue) of Rs 78 crore. According to PTI news, this IPO of the company is going to open on 7 February 2025 to bid. The initial share sales will end on February 11 and the firm shares will be listed on the NSE SME platform Emerge. Vivaro Financial Services is the only book running lead manager, and BigShare Services is the registrar of this issue.

You will be able to bid in 1,000 shares and its multiple

According to the news, investors can bid at least 1,000 shares and its multiple in this IPO. The initial public issue (IPO) is a new issue of 60.05 lakh equity shares of Rs 10 perfectly a mark of Rs 10, which is introduced through the book-beding process. At the end of the upper price band, the company will raise around Rs 78.07 crore from the public issue. The company will use this raising amount for repayment of loan, working capital needs and general corporate motives.

How much GMP is going

The GMP i.e. Gray Market Premium of Eligence Interiors IPO has been created on February 4. It was at ₹ 0 on 3 February. That is, the stock of this company has established its presence at Rs 40 more than the price price of the IPO.

Know the company too

Eleigation interiors specializes in preparing corporates and commercial places, including office, R&D facilities, laboratories, airport lounge, flexible workplace and retail location. As of December 31, 2024, the company’s order book consists of 47 current projects, whose total contract price is Rs 434.86 crore, including a development of about 40 lakh square feet. In the first half of the current financial year (ended in September 2024), Eligence Interiors recorded revenue from operations of Rs 192.09 crore and a tax of Rs 9.53 crore (PAT). In FY 24, the company had a PAT of Rs 221.29 crore and a PAT of Rs 12.2 crore.

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