The shares of the corporate will likely be listed on the SME platform of the Nationwide Inventory Trade (NSE) Emerge, in line with the draft crimson herring prospectus.
Vivro Monetary Companies is the only real book-running lead supervisor, whereas Bigshare Companies is the registrar for the IPO.
Mumbai-based Eleganz intends to leverage its present footprint and broaden its presence in these key areas to additional solidify its market place.
Proceeds from the problem price Rs 25 crore will utilised by the corporate to repay excellent debt and Rs 30 crore to fund working capital wants.
The remaining funds will likely be used for normal company functions. Eleganz affords a complete suite of inside fit-out options for company and industrial areas all through India. Its experience encompasses company places of work, analysis & growth amenities, laboratories, airport lounges, versatile workspaces, and industrial retail areas. The corporate is led by Sameer Akshay Pakvasa, a founding member of the IGBC (Indian Inexperienced Constructing Council), which is actively concerned in selling the inexperienced constructing idea in India and has obtained platinum and gold “LEED” certifications for a few of the tasks executed for its shoppers.
Within the first quarter of the present monetary yr ending June 2024, Eleganz generated income of Rs 80.76 crore with a revenue (PAT) of Rs 3.85 crore.
For FY24, the corporate reported income of Rs 221.29 crore and a revenue (PAT) of Rs 12.2 crore.
