Incorporated on July 30, 2012, Interiors & More Limited started trading artificial flowers, importing and selling them in India. Later, the company expanded into decorative items such as plants, vases, planters, lights, wedding props, furniture, chandeliers, fabric, candles, fragrances, and other related décor items. Currently, they are involved in the manufacturing and trading of quality artificial flowers, plants, and other home and office décor products.
The company procures raw materials from both local and international markets. They have a manufacturing facility in India.
Ranked second globally, India emerges as a major contributor to the artificial flowers industry, securing a 25% market share in 2020. From 2021 to 2027, the country’s artificial flower market is expected to grow at a CAGR of 8.3%. The market is expected to be driven by heightened demand from interior decorators and florists and a surge in disposable incomes among young urban demographics. Also, the market anticipates substantial growth, highlighted by increased spending on home décor products. Interiors & More Limited will probably also benefit from this.
Interiors & More Limited IPO Details
Interiors & More Limited IPO Date
Interiors & More Limited’s IPO will open on February 15, 2024, and close on February 20, 2024. The IPO will be listed on the NSE Emerge on February 23, 2024.
Interiors & More Limited IPO Price Band
Interiors & More Limited is a fresh issue of up to 18,50,400 equity shares, aggregating ₹42 crore. The price of the IPO is ₹216 to ₹227 per share.
Interiors & More Limited IPO Lot Size
Interiors & More Limited’s IPO lot size is 600 shares.
Interiors & More Limited IPO Objectives
The objectives of Interiors & More Limited's IPO are listed below:
- To repay and/or prepay certain debts facilities.
- For general corporate purposes.
- For working capital requirements.
Peer Details
As per DRHP, there are no listed peers whose business portfolio is comparable to the company.
How To Check the Interiors & More Limited Allotment Status?
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Contact Details of Interiors & More Limited IPO
- Registered office: Office No.7, Ground Floor, Kumtha Street, off Shahid Bhagat Singh Road, Ballard Estate, Fort Mumbai G.P.O. Mumbai - 400001, Maharashtra, India.
- Phone: 022-47499811
E-mail: info@inm.net.in
Company Financials
| Particulars | Year ending on March 31, 2023 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Total Income | 2,527.17 | 998.53 | 663.10 |
| Profit After Tax (PAT) | 592.84 | 104.44 | 43.33 |
| Net Worth | 995.21 | 405.07 | 300.63 |
| Total Borrowings | 1,439.77 | 1,297.33 | 904.02 |
Know before investing
Strengths
3The company has a well-developed distribution network. They have been distributing their goods throughout India and are not reliant on any particular area.
The company aims to increase their market share by locating areas where it can offer potential clients high-quality and reasonably priced products.
Risks
3The company’s product is subject to frequently changing designs, patterns, customer requirements, and tastes, and its inability to meet such needs or preferences may affect its business.
The company depends on various suppliers for the supply of raw materials, services and finished goods. Any delays from suppliers can impact the operations.
The company conducts its business activities on a purchase-order basis and, therefore, has not entered into long-term agreements with its customers.
