HIndi

Interiors and More IPO GMP – Open and Close Date, Reservation, Lot Size, Apply

Interiors and More IPO begins subscription on February 15, 2024, concluding on February 20, 2024. Allotment results are anticipated on February 21, 2024, and the IPO is set to list on NSE SME by February 23, 2024.

Interiors and More IPO GMP

Interiors and More IPO is set to open for subscription on February 15, 2024, and close on February 20, 2024. 

IPO Date February 15, 2024 to February 20, 2024
Listing Date Not yet announced
Face Value ₹10 per share
Price Band ₹216 to ₹227 per share
Lot Size 600 Shares
Total Issue Size 1,850,400 shares (aggregating up to ₹42.00 Cr)
Fresh Issue 1,850,400 shares (aggregating up to ₹42.00 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Shareholding pre issue 5,145,000
Shareholding post issue 6,995,400
Market Maker portion 93,000 shares (Gretex Share Broking)

However, with the issue date approaching, investors are keenly interested in the Grey Market Premium (GMP), which can indicate potential listing gains.

Interiors and More IPO Date 

Based on the current tentative schedule and considering the recent update about the issue opening on February 15th, here’s a breakdown of the key dates:

Subscription Dates:

Interiors and More IPO GMP

  • IPO Open Date: Thursday, February 15, 2024
  • IPO Close Date: Tuesday, February 20, 2024

Post-Subscription:

  • Basis of Allotment: Wednesday, February 21, 2024 (This is when successful applicants will be notified)
  • Initiation of Refunds: Thursday, February 22, 2024 (For unsuccessful applicants)
  • Credit of Shares to Demat: Thursday, February 22, 2024 (Shares allotted to successful applicants will be credited to their demat accounts)
  • Listing Date: To be announced 
  • Cut-off time for UPI mandate confirmation: 5 PM on February 20, 2024 (Important for those applying through UPI)

Interiors and More IPO Reservation

Share reservation for Interiors and More IPO:

Category % of Net Issue Offered Minimum Shares Maximum Shares
QIB (Qualified Institutional Buyers) Not more than 50% Up to 925,200
Retail Investors Not less than 35% 645,140
NII (Non-Institutional Investors) Not less than 15% 279,060
  • Net Issue: This refers to the total number of shares offered in the IPO after excluding promoters’ holding and employee reservations.
  • QIB: These are large institutional investors such as mutual funds, insurance companies, and foreign institutional investors. Their reservation is capped at 50% of the net issue, but the actual allocation will be determined based on their bids.
  • Retail Investors: This category includes individual investors applying for individual applications with smaller investment amounts. They are guaranteed a minimum allocation of 35% of the net issue.
  • NII: This category encompasses high net-worth individuals (HNIs) who do not fall under the QIB category. They are also guaranteed a minimum allocation of 15% of the net issue.

Interiors and More IPO Lot Size 2024

Understanding the minimum and maximum investment in the Interiors and More IPO is important for informed decision-making.

  • Lot Size: Each lot comprises 600 shares.
  • Retail Investors:
    • Can only apply for one lot (600 shares), resulting in a minimum and maximum investment of ₹136,200.
    • This restriction aligns with the SME Platform guidelines on NSE, aimed at protecting retail investors from overexposure.
  • HNI (Non-Institutional Investors):
    • Can apply for multiple lots, with a minimum application of 35 lots (21,200 shares) for ₹272,400.
    • No upper limit exists, allowing HNIs to apply for more shares based on their risk appetite and investment capacity.

Interiors and More IPO Promoter Holding 2024

The Interiors and More IPO has prominent promoters, including Mr. Manish Mohan Tibrewal, Mr. Rahul Jhunjhunwala, Ms. Ekta Tibrewal, Ms. Puja Jhunjhunwala, and Ms. Reena Jhunjhunwala. Here’s a detailed breakdown of their pre-issue and post-issue shareholding:

  • Pre-Issue Shareholding: 95.08%
  • Post-Issue Shareholding: 69.93%

Key Points:

  • This significant drop in promoter holding from 95.08% to 69.93% indicates a substantial dilution due to the IPO.
  • It suggests that the promoters are offering a large portion of their ownership to the public through the IPO.

How to apply for Interiors and More IPO?

Steps to apply for the Interiors and More IPO:

  • Ensure you have a demat account linked to your UPI app.
  • Select the “Invest in IPO” option on your preferred brokerage platform or UPI app.
  • Search for “Interiors and More” and enter the number of shares you wish to apply for.
  • Verify and confirm the application. You will receive a mandate request on your UPI app, and approve it to block the required funds.
  • If your application is successful, the blocked amount will be debited and shares credited to your Demat account. If unsuccessful, the blocked amount will be released.

Go to Bscnursing Homepage To get Relevant Topics.

Show More
यौगिक किसे कहते हैं? परिभाषा, प्रकार और विशेषताएं | Yogik Kise Kahate Hain Circuit Breaker Kya Hai Ohm ka Niyam Power Factor Kya hai Basic Electrical in Hindi Interview Questions In Hindi