Interarch Building Products Limited IPO opens on August 19, 2024, and closes on August 21, 2024. The allotment for the Interarch Building Products Limited IPO is anticipated to be completed on Thursday, August 22, 2024. The IPO will be listed on the BSE and NSE, with a tentative date set for Monday, August 26,2024.
The Interarch Building Products Limited IPO’s price band is Rs 850 to Rs 900 per share. The IPO is a book-built issue of Rs 600.29 crores, entirely a fresh issue of 0.22 crores shares.
Interarch Building Products IPO Details
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 14,415,892 |
| Shareholding post-issue | 16,638,114 |
| Employee Discount | Rs 85 per share |
| Offer for Sale | 4,447,630 shares of ₹10 (aggregating up to ₹400.29 Cr) |
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 IPO Objectives
The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the “Objects”):
- Purchase of Machineries;
- General Corporate Purpose.
- 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;
About Interarch Building Products Limited
Interarch Building Limited, established in 1983, is a key player in India’s pre-engineered steel construction industry. The company provides comprehensive turnkey solutions, encompassing design, engineering, manufacturing, and on-site project management for pre-engineered steel buildings (PEB). With a significant market presence, Interarch held a 6.1% market share in FY 2023, boasting the second-largest installed capacity of 141,000 metric tonnes per year. Their offerings include PEB Contracts and PEB Sales, featuring products like metal ceilings, corrugated roofing, and light gauge framing systems, catering to prominent clients such as Grasim Industries, Berger Paints, and InstaKart Services.
Interarch operates four ISO 9001:2015 certified manufacturing facilities across Tamil Nadu and Uttarakhand, supported by a sales network in key regions like Punjab, Uttar Pradesh, Tamil Nadu, Odisha, and Chhattisgarh. Their in-house design and engineering team, consisting of 111 qualified structural design engineers and detailers, averages over eight years of experience with the company, ensuring high-quality and efficient project execution.
Interarch Building Products Limited Financial Information
Interarch Building Products Limited’s revenue increased by 15% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 |
| Reserves and Surplus | 3.36 | 11.38 | 3.36 |
Interarch Building Products 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 |
Interarch Building Products IPO Timeline
Interarch Building Products IPO opens on August 19, 2024, and closes on August 21, 2024.
| 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 |
| A 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 |
Conclusion
The Interarch Building Products Limited IPO presents an investment opportunity for a key player in India’s pre-engineered steel construction industry. With a price band of Rs 850 to Rs 900 per share, the IPO aims to raise Rs 600.29 crores through a combination of fresh issues and offers for sale. The funds will be utilized to purchase machinery, upgrade manufacturing facilities, and enhance IT infrastructure. The IPO opens on August 19, 2024, and closes on August 21, 2024, with the listing expected on August 26, 2024. Investors can participate in this book-built issue with a minimum investment of Rs 14,400.
