Interarch Building Products IPO will open for subscription from 19 August 2024. The company aims for an issue size of ₹600.29 Cr through this IPO.
Company Overview
| Full name | Interarch Building Products Limited |
| Sector | Iron & Steel |
| Industry | Steel & Iron Products |
| Company Website | https://www.interarchbuildings.com/ |
About Company
The company is a leading turnkey pre-engineered steel construction solution provider in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings (PEB). Interarch Building Products had the second largest aggregate installed capacity of 141,000 metric tonnes per annum (MTPA) as of 31 March 2024 and a market share of 6.5% in terms of operating income in the Financial Year 2024 among integrated PEB players in India.
The company has delivered PEBs for projects ranging from multi-level warehouses for customers engaged in e-commerce to paint production lines for customers involved in paint manufacturing and the fast-moving consumer goods (FMCG) sector for setting up manufacturing units for manufacturing their products. During the period from FY 2015 to FY 2024, the company had execution of 677 PEB contracts.
The Objectives of the Issue
- Financing the capital expenditure towards setting up a new PEB manufacturing unit (classified as Phase 2 of the capacity development plan at the Planned Andhra Pradesh Manufacturing Facility) (“Project”)
- Financing the capital expenditure towards the upgradation of the Kichha Manufacturing Facility, Tamil Nadu Manufacturing Facility I, Tamil Nadu Manufacturing Facility II and Pantnagar Manufacturing Facility;
- Funding investment in information technology (“IT”) assets for upgrading the company’s existing information technology infrastructure;
- Funding incremental working capital requirements; and
- General Corporate Purposes
Interarch Building Products IPO Timetable
| IPO Opening date | 19 August 2024 |
| IPO Closing | 21 August 2024 |
| Basis of Allotment | 22 August 2024 |
| Initiation Refund | 23 August 2024 |
| Credit to Demat Account | 23 August 2024 |
| Listing Date | 26 August 2024 |
Interarch Building Products IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹600.29 Cr – 6,669,852 shares |
| Fresh Issue | ₹200.00 Cr – 2,222,222 shares |
| Offer for sale | ₹400.29 Cr – 4,447,630 shares |
| Face value | ₹10 per share |
| Price Band | ₹850 to ₹900 per share |
| Lot size | 16 Shares |
| Employee Discount | ₹85 per share |
| Shareholding pre-issue | 14,415,892 |
| Shareholding post-issue | 16,638,114 |
| Listing Exchange | BSE & NSE |
Interarch Building Products IPO Lot Size
| 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 |
Interarch Building Products Offer Documents
Interarch Building Products IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Interarch Building Products Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 834.94 | 1,123.93 | 1,293.30 |
| Expenses | 818.27 | 1,027.44 | 1,190.43 |
| Net income | 17.13 | 81.46 | 86.26 |
| Margin (%) | 2.05 | 7.25 | 6.67 |
Interarch Building Products Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 11.90 | 56.57 | 59.90 | 51.96 |
| PE Ratio | – | – | 14.19 – 15.02 | 16.36 – 17.32 |
* Calculated on the basis of annualized Profits After Tax for FY 2024
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 6.52 | 23.69 | 22.26 |
| NAV | 182.40 | 238.75 | 269.10 |
| ROCE (%) | 8.30 | 26.75 | 25.79 |
| EBITDA (%) | 3.94 | 9.47 | 8.74 |
| Debt/Equity | 0.02 | 0.04 | 0.03 |
Interarch Building Products – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Interarch Building Products | 15.02 | 59.90 | 22.26 | 269.10 | 1,293.30 |
| Everest Industries | 105.95 | 11.33 | 3.01 | 378.37 | 1,575.45 |
| Pennar Industries | 25.16 | 7.29 | 11.21 | 65.02 | 3,130.57 |
Company Promoters
- Arvind Nanda
- Gautam Suri
- Ishaan Suri
- Viraj Nanda are
Promoter Holding
| Pre Issue Share Holding | 87.53% |
| Post Issue Share Holding |
Interarch Building Products Offer GMP Update
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 16 August 2024 | 325 | – | 4,000 |
| 14 August 2024 | 200 | – | 3,500 |
Interarch Building Products IPO Subscription Update
Coming Soon
Interarch Building Products IPO Allotment Status
Interarch Building Products IPO allotment status will be available on the Link Intime website. Click on Link Intime weblink to get allotment status.
Interarch Building Products IPO Listing Details
| Listing Date | 26 August 2024 |
| BSE Scrip Code | Coming soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Interarch Building Products IPO Lead Manager(s)
- Ambit Private Limited
- Axis Capital Limited
Interarch Building Products Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: interarch.ipo@linkintime.co.in
Website: www.linkintime.co.in
Interarch Building Products Contact Details
INTERARCH BUILDING PRODUCTS LIMITED
B 30, Sector 57,
Noida 201 301, Uttar Pradesh
Phone: +91 12041 70200
Email: compliance@interarchbuildings.com
Website: www.interarchbuildings.com
Interarch Building Products IPO FAQs
How many shares in Interarch Building Products IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Interarch Building Products Public Offer?
The best way to apply for Interarch Building Products public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Interarch Building Products Offer GMP today?
Interarch Building Products IPO GMP today is ₹ 325 per share.
What is Interarch Building Products kostak rate today?
Interarch Building Products kostak rate today is ₹ NA per application.
What is Interarch Building Products Subject to Sauda rate today?
Interarch Building Products Subject to Sauda rate today is ₹ 4,000 per application.
Final thoughts
Interarch Building Products IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
