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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 755.01 | 675.03 | 543.75 |
Revenue | 1,306.32 | 1,136.39 | 840.86 |
Profit After Tax | 86.26 | 81.46 | 17.13 |
Net Worth | 262.65 | 343.8 | 262.65 |
Total Borrowing | 3.36 | 11.38 | 3.36 |
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 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) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Lot Allocation details
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 | 1104 | ₹993,600 |
B-HNI (Min) | 70 | 1120 | ₹1,008,000 |
Allotment Schedule
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 |
IPO Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 50.00% of the Net offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
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