Interiors & More Limited Achieves New Stock High with Bonus Shares Announcement

Interiors & More Limited, listed exclusively on the NSE, achieved a new 52-week high of Rs 689 per share on Thursday, October 23. The stock's current price of Rs 670 marks a significant 135.5% increase from its 52-week low of Rs 284.50 on January 28, 2025. This surge follows the Board's decision to issue bonus shares announced in their October 20 meeting.

The Board has proposed issuing bonus equity shares in a 1:1 ratio, meaning shareholders will receive one bonus share for each existing share they hold. Each share is valued at Rs 10, and this proposal awaits shareholder approval. The record date for this issuance will be announced separately by the company.

To facilitate the bonus issue, Interiors & More plans to use its Securities Premium Account and/or Free Reserves. Approximately 69,95,400 equity shares will be issued as bonus shares, each priced at Rs 10, totalling Rs 6,99,54,000. This move will increase the company's authorised share capital from Rs 8 crore to Rs 18 crore.

The company's issued, subscribed, and paid-up share capital will rise from Rs 6,99,54,000 to Rs 13,99,08,000. This change will result in a total of 1,39,90,800 equity shares of Rs 10 each being available post-issuance. Interiors & More plans to use around Rs 6.99 crore from its reserves for this purpose.

According to the latest audited balance sheet dated March 31, 2025, Interiors & More has reserves of Rs 4,015.37 lakh in its Securities Premium Account and Rs 1,935.70 lakh as surplus in its Profit & Loss Account. Eligible shareholders are expected to receive their bonus shares by December 19, 2025.

A R Ramachandran, an Independent SEBI-registered Research Analyst, commented on the stock's performance: "Interiors and More stock price is bearish on the Daily charts with strong resistance at 680. A Daily close below support of 642 could lead to a target of 566 in the near term."

Company Background and Market Presence

Founded by Manish and Ekta Tibrewal in 2012, Interiors & More specialises in interior furnishings and home decor with a focus on premium artificial flowers and plants. The company operates online and through physical stores in India and Dubai. It went public on the NSE Emerge stock exchange following a successful IPO in 2024.

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