Interiors and More IPO Financial Analysis

Interiors and more specializes in trading artificial flowers. They import and sell these non perishable floral products within the Indian market. Interiors and More is set to launch its IPO on 15 February 2024. Here's a summary of the company's business model, strengths, risks and financials to assist investors in making informed decisions.

Interiors and More IPO Overview

Interiors and More Ltd, established in 2012, specializes in trading, importing, and selling high-quality artificial flowers, plants, and décor items for homes and offices. The company operates manufacturing facilities spanning 57,000 square feet in Umargam and an additional 7,000 square feet in Umbergaon, Gujarat. Their product range includes various artificial flowers such as roses, marigolds, grass mats, leaves, carnations, hydrangeas, and hanging orchids.

They also offer accessories like fountains, battery-operated candles, chandeliers, vases, artificial trees, and furniture. The company manages its logistics internally and ensures quality control through a well equipped manufacturing setup. Get more details about Interiors and More IPO in this article.

Interiors and More IPO Strengths

1. For over a decade, we've supported businesses of every size.
2. The company offers a diverse range of products tailored to meet specific customer requirements. and preferences.
3. Scalable business model.
4. The company manages its logistics internally and ensures quality control.

Interiors and More IPO Risk

1. The company relies heavily on revenue from Mumbai, with 88.3% in 9MFY24 and 68.1% in FY23. Over reliance on one location could negatively impact the business.

2. The company's success relies on adapting to evolving customer preferences and needs. Failure to do so could impact its business.

3. Revenue may decrease during off-season periods, such as between festivals and wedding seasons.

4. Negative free cash flow could potentially impact the business if it continues.

Interiors and More IPO Details 

Interiors and More IPO is scheduled from 15 to 20 February 2024. It has a face value of ₹10 per share and the IPO's price band is ₹216 -₹227 per share. 

Financial Performance of Interiors and More IPO

Interiors and more saw its profit after tax (PAT) rise from ₹43.33 lakhs on 31 March 2021 to ₹104.44 lakhs on 31 March 2022 and further to ₹592.84 lakhs by 31 March 2023 indicating growth in profitability over three years.

Interiors and More IPO Key Ratios

Interiors and More saw a rise in return on equity (ROE) over three fiscal years from 14.41% in FY21 to 25.78% in FY22 and then to 59.57% in FY23 indicating an improvement in profitability and efficient use of shareholder funds.

Promoters of Interiors and More IPO

1.    Manish Mohan Tibrewal
2.    Rahul Jhunjhunwala
3.    Ekta Tibrewal
4.    Puja Jhunjhunwala
5.    Reena Jhunjhunwala

The company was promoted by Manish Mohan Tibrewal, Rahul Jhunjhunwala, Ekta Tibrewal, Puja Jhunjhunwala and Reena Jhunjhunwala, who collectively hold 95.08% of the company's shares. However after the IPO promoter's equity stake will decrease to 69.93%.

Final Words

This article takes a closer look into Interiors and More IPO scheduled for subscription from 15 February 2024.