Interarch Building Products IPO

Interarch Building Products IPO is a book-built issue of Rs 600.29 crores. The issue is a combination of a fresh issue of 0.22 crore shares aggregating to Rs 200.00 crores and an offer for sale of 0.44 crore shares aggregating to Rs 400.29 crores.

Interarch Building Products IPO opens for subscription on August 19, 2024, and closes on August 21, 2024. The price band for the IPO is set at ₹850 to ₹900 per share and the minimum lot size for an application is 16 Shares.

Company Summary

Incorporated in 1983, Interarch Building Limited provides turnkey pre-engineered steel construction solutions in India. The company offers integrated facilities for design, engineering, manufacturing, and on-site project management for the installation and erection of pre-engineered steel buildings (PEB).

As of March 31, 2023, the company had the second-highest installed capacity of 141,000 metric tonnes per year. In the financial year 2023, it also held a 6.1% market share in operating income among integrated PEB players in India.

The company offers PEBs through pre-engineered steel building contracts (“PEB Contracts”) and the sale of pre-engineered steel building materials (“PEB Sales”), including metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems.

The company’s industrial/manufacturing construction category customers include Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited, and Addverb Technologies Limited. In the infrastructure construction category, the company serves InstaKart Services Private Limited.

The company has four manufacturing facilities out of which two are situated in Sriperumbudur, Tamil Nadu, India, one in Pantnagar, Uttarakhand, and one in Kichha, Uttarakhand, India.

The company has sales and marketing employees in Chandigarh, Punjab, and Haryana; Lucknow, Uttar Pradesh; Coimbatore, Tamil Nadu; Bhubaneshwar, Odisha; and Raipur, Chhattisgarh.

The company’s Manufacturing Facilities are each accredited as ISO 9001:2015 certified in Quality Management Systems.

As of September 30, 2023, the company has 111 qualified structural design engineers and detailers in its in-house design and engineering team. On average, these team members have 8.05 years of work experience with the company.

Company Financials

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets755.01675.03543.75
Revenue1,306.321,136.39840.86
Profit After Tax86.2681.4617.13
Net Worth262.65343.8262.65
Total Borrowing3.3611.383.36

Amount in ₹ Crore

Objectives of the IPO

The company proposes to utilize the Net Proceeds towards funding the following objects

  • 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).
  • 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.
  • General Corporate Purposes.

Promoters of the company: Arvind Nanda, Gautam Suri, Ishaan Suri, and Viraj Nanda are the company’s Promoters.

IPO details

IPO DateAugust 19, 2024 to August 21, 2024
Listing DateMonday, August 26, 2024
Face Value₹10 per share
Price Band₹850 to ₹900 per share
Lot Size16 Shares
Total Issue Size6,669,852 shares (aggregating up to ₹600.29 Cr)
Fresh Issue2,222,222 shares (aggregating up to ₹200.00 Cr)
Offer for Sale4,447,630 shares of ₹10 (aggregating up to ₹400.29 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Lot Allocation details

ApplicationLotsSharesAmount
Retail (Min)116₹14,400
Retail (Max)13208₹187,200
S-HNI (Min)14224₹201,600
S-HNI (Max)691104₹993,600
B-HNI (Min)701120₹1,008,000

Allotment Schedule

Basis of AllotmentThursday, August 22, 2024
Initiation of RefundsFriday, August 23, 2024
Credit of Shares to DematFriday, August 23, 2024
Listing DateMonday, August 26, 2024
Cut-off time for UPI mandate confirmation5 PM on August 21, 2024

IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

To check allotment, click here