Interiors and More Limited IPO

Interiors and More Limited

₹1,29,600 /600 sharesMinimum Investment

Interiors and More Limited IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹227.00₹270.00₹43.00 (18.94%)

Interiors and More Limited IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Feb ‘24 - 20 Feb ‘24₹1,29,600600₹216 - ₹227
Issue SizeIPO Doc
42.00Cr
RHP PDF

About Interiors and More Limited

The company is in the business of manufacturing and trading artificial flowers, plants, and various home and office decor items. Founded in 2012, the company has since expanded its product range to include vases, plants, planters, wedding props, lights, furniture, fabric, chandeliers, candles, fragrances, and related decor items. Today, as a manufacturer and trader, the company operates with an in-house manufacturing plant, sourcing raw materials both domestically and internationally, while maintaining market presence and revenue focus on artificial flowers, plants, and leaves. The company operates two manufacturing units in Umargam (57,000 sq. ft.) and Umbergaon (7,000 sq. ft.), both equipped with essential facilities. It offers a varied product range, including artificial flowers like rose, yellow marigold, green grass, and trading in fountains, candles, chandeliers, wooden and glass vases, artificial trees, furniture, and tables.;
Parent Organisation
Interiors and More Limited
Founded
2012
Managing Director
Mr. Manish Mohan Tibrewal

Strengths & Risks

  • The company makes and sells various items, including artificial flowers, plants, wedding props, lights, furniture, fabric, chandeliers, candles, and fragrances. It has been able to use its network, experience, and resources to add more items over the years.
  • The company focuses on using the latest technology to maintain smooth manufacturing operations and adapt to market changes.
  • The company has a broad distribution network that helps ensure a productive supply chain, targeted customer support, and quick product delivery. This network helps in identifying the core customer base and tailoring solutions for clients.
  • The company has been distributing its goods throughout India. Thus, it is not reliant on any particular area.
  • Its revenue from operations was Rs 6.43 cr, Rs 9.89 cr and Rs 24.86 cr in financial years 2021, 2022, and 2023 respectively. Similarly, its Profit after Tax has also consistently increased over these three years.
  • The company has a long holding period of its raw material inventories, stock-in-trade and finished goods. A 350-500 days holding period means higher cost of storage and insurance. Any loss of inventory due to theft, change in trend or non-moving stock or any other unforeseen circumstances could impact the business adversely.
  • There are certain outstanding legal proceedings involving the company and its promoters. Any adverse outcome in these could have a material adverse effect on its business, results of operations and financial condition.
  • The company’s business activities are on a purchase-order basis. Thus, it has not entered into long-term agreements with its customers. Changes to customer demands could have a direct impact on the company’s revenues and operations.
  • The company relies significantly on one geographical region, Mumbai, for revenues. It constituted 88.31%, 68.12%, 94.52%, and 97.60% of total revenue for the periods ending December 31, 2023, March 31, 2023, March 31, 2022, and March 31, 2021. This geographical concentration heightens vulnerability to adverse developments in competition, and economic and demographic changes, potentially impacting business prospects, financial conditions, and results of operations.
  • As of December 31, 2023, the company had outstanding unsecured loans of Rs. 3.13 cr from certain Directors and related parties, repayable on demand. These could be recalled at any time. The company's failure to service this debt could have a material adverse effect on its business, financial condition, and results of operations.
  • A significant portion of the company's income has historically come from its top 5 customers, comprising 37.32% and 43.53% of revenue for the periods ending December 31, 2023, and Fiscal 2023. Loss of key customers could adversely impact operations and financial conditions.
  • The company has certain contingent liabilities, which, if realized, may have an impact on its financials.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular216 - 227₹2 Lakh
High Networth Individual216 - 227₹2 - 5 Lakh
For Interiors and More Limited IPO, eligible investors can apply as Regular.
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