Interiors and More IPO: Check Out Price Band, Issue Size & More

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by Sandip Das on 15 February 2024,  3 min read

Interiors and More IPO: Check Out Price Band, Issue Size & More
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On February 15, 2024, Interiors and More opened the initial public offer (IPO) for subscriptions. The company has set the price band for the IPO in the range of Rs 216 to Rs 227 per share. The IPO lot size for Interiors and More is 600 shares, and investors can bid for a minimum of 600 shares and in multiples thereof. The scheduled closing date for the issue is February 20, 2024. The issue price represents 21.6 to 22.7 times the face value of Rs 10.

About the company:

Established in 2012, the company specializes in wedding decor materials and offers over 4000 selected products as premier wholesalers of artificial flowers and decor items. The business commenced in 2009 and originated in Mumbai and Delhi, with the factory operating from Umbergaon. The company provides premium imitation flowers and decorative materials for events, offices, and homes.

Price Band

The company has set the price band for the IPO in the range of Rs 216 to Rs 227 per share.

Also read: What is Sovereign Gold Bond Scheme 2023-24 Series IV?
Issue Size

The initial public offering will comprise up to 18,50,400 Equity shares of Rs 10 face value. It has a price range of Rs 216 to Rs 227 per share aggregating up to Rs 42 crore.

IPO Reserve Portion
  • Retail Portion: 35% of the issue
  • Qualified Institutional Buyers (QIB): 50% of the issue
  • Non-Institutional Investors: 15% of the issue
Objectives of the issue

The company will use the proceeds from the public issue for repaying/prepaying certain debt facilities, meeting working capital requirements, and addressing general corporate purposes.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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