Interarch Building Products IPO
IPO Listing Details
- Listing Date
26 Aug 2024
- Listing Price
₹1,291.20
- Listing Change
43.47%
- Last Traded Price
₹1,214.40
IPO Details
- Open Date
19 Aug 2024
- Close Date
21 Aug 2024
- IPO Price Range
₹ 850 to ₹ 900
- IPO Size
₹ 600.29 Cr
- Listing Exchange
BSE, NSE
- Listing Date
26 Aug 2024
IPO Timeline
Interarch Building Products IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Aug-24 | 0.26 | 8.04 | 2.88 | 3.26 |
| 20-Aug-24 | 1.41 | 31.46 | 7.51 | 10.91 |
| 21-Aug-24 | 197.29 | 130.84 | 19.36 | 93.73 |
Last Updated: 21st August 2024, 5:45 PM by 5paisa
Interarch Building Products IPO is set to open on 19 August 2024 and will close on 21 August 2024. Interarch Building Products IPO is set to open on 19 August 2024 and will close on 21 August 2024. The company specializes in delivering comprehensive turnkey solutions for pre-engineered steel construction in India.
The IPO includes a fresh issue of 22,22,222 shares aggregating up to ₹200 Cr and an offer for sale of 44,47,630 shares aggregating up to ₹400.29 Cr. The price range is ₹850 to ₹900 per share and the lot size is 16 shares.
The allotment is scheduled to be finalized on 22 August 2024. It will go public on BSE & NSE, with a tentative listing date of 26 August 2024.
Ambit Private Ltd and Axis Capital Ltd are the book-running lead managers, while Link Intime India Private Ltd is the registrar.
Interarch IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 600.29 |
| Offer for sale | 400.29 |
| Fresh issue | 200 |
Interarch IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | 14,400 |
| Retail (Max) | 13 | 208 | 1,87,200 |
| S-HNI (Min) | 14 | 224 | 2,01,600 |
| S-HNI (Max) | 69 | 1,104 | 9,93,600 |
| B-HNI (Min) | 70 | 1,120 | 10,08,000 |
Interarch IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 197.29 | 13,29,526 | 26,22,98,016 | 23,606.82 |
| NII (HNI) | 130.84 | 9,97,145 | 13,04,68,720 | 11,742.18 |
| Retail | 19.36 | 23,26,670 | 4,50,42,800 | 4,053.85 |
| Total | 93.73 | 46,53,341 | 43,84,34,768 | 39,459.13 |
Interarch IPO Anchor Allocation
| Anchor Bid Date | 16 August, 2024 |
| Shares Offered | 1,994,288 |
| Portion Size for Anchor Investors | 179.49 |
| Lock in Period for 50% shares (30 days) | 21 September, 2024 |
| Lock in Period for rest of shares (90 days) | 20 November, 2024 |
1. Financing the capital expenditure towards setting up a new PEB manufacturing unit.
2. 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.
3. Funding investment in information technology assets for upgrading the company's existing information technology infrastructure.
4. Funding incremental working capital requirements.
5. General Corporate Purposes.
Founded in 1983, Interarch Building Limited specializes in delivering comprehensive turnkey solutions for pre-engineered steel construction in India. The company provides an integrated suite of services, encompassing design, engineering, manufacturing, and on-site project management for the installation and erection of pre-engineered steel buildings (PEBs).
As of March 31, 2023, Interarch held the position of the second-largest industry player in terms of installed capacity, boasting a capacity of 141,000 metric tonnes per year. In the financial year 2023, the company captured a 6.1% market share in operating income among integrated PEB companies in India.
Interarch’s product offerings include contracts for the construction of pre-engineered steel buildings and the sale of related materials. These materials consist of metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems.
The company’s customer base spans various sectors, with prominent clients in the industrial and manufacturing construction categories such as Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited, and Addverb Technologies Limited. In the infrastructure construction category, InstaKart Services Private Limited is among its key clients.
Interarch operates four manufacturing facilities, two of which are located in Sriperumbudur, Tamil Nadu, and the other two in Uttarakhand, specifically in Pantnagar and Kichha. The company’s sales and marketing teams are strategically located in Chandigarh, Punjab, and Haryana; Lucknow, Uttar Pradesh; Coimbatore, Tamil Nadu; Bhubaneshwar, Odisha; and Raipur, Chhattisgarh.
All of Interarch’s manufacturing facilities are ISO 9001:2015 certified for Quality Management Systems. As of September 30, 2023, the company’s in-house design and engineering team comprises 111 skilled structural design engineers and detailers, each with an average of 8.05 years of experience with the company.
Peers
1. Everest Industries Ltd
2. Pennar Industries Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 1,306.32 | 1,136.39 | 840.86 |
| EBITDA | 113.01 | 106.38 | 32.89 |
| PAT | 86.26 | 81.46 | 17.13 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 755.01 | 675.03 | 543.75 |
| Share Capital | 14.42 | 15.00 | 15.00 |
| Total Borrowings | 3.36 | 11.38 | 3.36 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 81.52 | 31.29 | 26.18 |
| Net Cash Generated From / (used in) investing activities | -32.76 | -18.99 | 9.08 |
| Net Cash Generated From / (used in) financing activities | -45.85 | 6.26 | -0.14 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 2.91 | 18.56 | 35.12 |
Strengths
1. Interarch Building Limited has been in operation since 1983, giving it a long-standing presence and strong reputation in the Indian pre-engineered steel construction industry.
2. The company is well-positioned to meet large-scale demand.
3. The company serves a wide range of customers across industrial, manufacturing, and infrastructure sectors.
4. Interarch provides a full range of services from design and engineering to manufacturing and on-site project management, which allows for better control over the quality and timelines of projects.
5. All manufacturing facilities are ISO 9001:2015 certified, underscoring the company's commitment to quality management.
Risks
1. Interarch operates in a highly competitive industry with several players vying for market share.
2. The company's performance is closely tied to the economic and construction industry cycles.
3. A significant portion of revenue may be dependent on key clients.
4. The construction industry is highly dependent on the timely supply of raw materials.
5. Operating in multiple states, the company is subject to various local and national regulations.
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FAQs
Interarch Building IPO opens from 19th August to 21st August 2024.
The size of Interarch Building IPO is ₹600.29 Cr.
The price of Interarch Building IPO is fixed at ₹850 to ₹900 per share.
To apply for Interarch Building IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Interarch Building Products IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Interarch Building IPO is 16 shares and the investment required is ₹14,400.
The share allotment date of Interarch Building IPO is 22nd August 2024
The Interarch Building IPO will be listed on 26th August 2024.
Ambit Private Ltd and Axis Capital Ltd are the book-running lead managers for Interarch Building IPO.
Interarch Building Products plans to utilize the raised capital from the IPO for:
1. Financing the capital expenditure towards setting up a new PEB manufacturing unit.
2. 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.
3. Funding investment in information technology assets for upgrading the company's existing information technology infrastructure.
4. Funding incremental working capital requirements.
5. General Corporate Purposes.
Contact Information
Interarch Building Products
Interarch Building Products Limited
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/
Interarch Building Products IPO Register
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
Interarch Building Products IPO Lead Manager
1. Ambit Private Limited
2. Axis Capital Limited
