Interarch Building Products IPO is set to hit the market with a book-built issue worth ₹600.29 crores. This IPO includes a fresh issue of 0.22 crore shares, totaling ₹200.00 crores, and an offer for sale (OFS) of 0.44 crore shares, totaling ₹400.29 crores.
The company is promoted by Arvind Nanda, Gautam Suri, Ishaan Suri, and Viraj Nanda. Together, these promoters hold a significant stake of 87.53% in the company prior to the public issue. Their continued involvement signals a strong commitment to the company’s future growth.
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹850 to ₹900 per share |
| Lot Size | 16 Shares |
| Total Issue Size | 6,669,852 shares (aggregating up to ₹600.29 Cr) |
| Fresh Issue | 2,222,222 shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 4,447,630 shares of ₹10 (aggregating up to ₹400.29 Cr) |
| Employee Discount | Rs 85 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 14,415,892 |
| Share holding post issue | 16,638,114 |
| DRHP Draft Prospectus | DRHP |
Interarch Building Products IPO Date & Price Band Details
| IPO Open Date | Monday, August 19, 2024 |
| IPO Close Date | Wednesday, August 21, 2024 |
| Basis of Allotment | Thursday, August 22, 2024 |
| Initiation of Refunds | Friday, August 23, 2024 |
| Credit of Shares to Demat | Friday, August 23, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Interarch Building Products IPO Lot Size
Investors looking to participate in the Interarch Building Products IPO can place bids starting with a minimum of 16 shares. Bids can be placed in multiples of this lot size. Below is a table outlining the minimum and maximum investment amounts for retail investors and High Net-worth Individuals (HNI) in terms of both shares and investment amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹187,200 |
| S-HNI (Min) | 14 | 224 | ₹201,600 |
| S-HNI (Max) | 69 | 1,104 | ₹993,600 |
| B-HNI (Min) | 70 | 1,120 | ₹1,008,000 |
About Interarch Building Products Limited
Incorporation and Core Business:
Incorporated in 1983, Interarch Building Limited is a leading provider of turnkey pre-engineered steel construction solutions in India. The company excels in offering integrated services, including design, engineering, manufacturing, and on-site project management, primarily for the installation and erection of pre-engineered steel buildings (PEB).
Market Position and Capacity:
As of March 31, 2023, Interarch Building Limited held the second-highest installed capacity in India, capable of producing 141,000 metric tonnes per year. In the financial year 2023, the company secured a 6.1% market share in operating income among integrated PEB players in India.
Product and Service Offerings:
The company’s product portfolio is diverse, offering PEBs through two main avenues:
- PEB Contracts: Full-service contracts for pre-engineered steel buildings.
- PEB Sales: Direct sales of pre-engineered steel building materials such as metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems.
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Key Customers:
- Industrial/Manufacturing Sector: Major clients include Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited, and Addverb Technologies Limited.
- Infrastructure Sector: Notably, the company serves InstaKart Services Private Limited.
Manufacturing Facilities:
Interarch operates four manufacturing facilities:
- Two in Sriperumbudur, Tamil Nadu
- One in Pantnagar, Uttarakhand
- One in Kichha, Uttarakhand
Geographical Reach and Sales Network:
The company has an extensive sales and marketing presence in key Indian cities, including:
- Chandigarh, Punjab, and Haryana
- Lucknow, Uttar Pradesh
- Coimbatore, Tamil Nadu
- Bhubaneshwar, Odisha
- Raipur, Chhattisgarh
Quality Management and Certifications:
All manufacturing facilities are ISO 9001:2015 certified for Quality Management Systems, reflecting the company’s commitment to maintaining high standards.
Design and Engineering Team:
As of September 30, 2023, the company boasts a skilled in-house design and engineering team comprising 111 qualified structural design engineers and detailers. These professionals have an average of 8.05 years of work experience with the company, underscoring the team’s expertise and stability.
Interarch Building Products Company Financial Report
Interarch Building Products Limited saw a significant increase in its financial performance over the past year. The company’s revenue grew by 15% between the financial year ending on March 31, 2024, and March 31, 2023. This growth reflects the company’s strong market position and its ability to capitalize on the increasing demand for pre-engineered steel construction solutions in India.
Here is the table with an additional row above the first row:
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
| Assets | 543.75 | 675.03 | 755.01 |
| Revenue | 840.86 | 1,136.39 | 1,306.32 |
| Profit After Tax | 17.13 | 81.46 | 86.26 |
| Net Worth | 262.65 | 343.8 | 262.65 |
| Total Borrowing | 3.36 | 11.38 | 3.36 |
| KPI | Values |
|---|---|
| ROE | 19.40% |
| ROCE | 25.79% |
| Debt/Equity | -0.11 |
| RoNW | 22.26% |
| P/BV | 0 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 59.84 | 51.85 |
| P/E (x) | 15.04 | 17.36 |
| Company Contact Details | Registrar Contact Details |
| Interarch Building Products Farm No. 8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Mehrauli, New Delhi -110047 Phone: +91-12041 70200 Email: compliance@interarchbuildings.com Website: https://www.interarchbuildings.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: interarch.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
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