Interarch Building Products Limited IPO
MainboardCivil Construction
Listed On: Aug 26, 2024 at ₹ 1299.0(NSE)
₹ 14400 /16 Shares
Check AllotmentPrice Summary
Last Closing
1,633.10 (81.46%)52 Week High
1,815.0052 Week Low
1,110.15Last Update
6-Dec-2024 3:30 PM19 Aug, 2024
Open Date21 Aug, 2024
Close Date22 Aug, 2024
Allotment Date26 Aug, 2024
Listing DateIssue Price
₹850-900 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdList Price
1299.0(NSE)Listing Date
2024-08-26Market Lot
Retail : 16 Shares (₹14,400/-)S-HNI : 224 Shares (₹2,01,600/-)
B-HNI : 1,120 Shares (₹10,08,000/-)
Lead Manager
Ambit Private LimitedAxis Capital Limited
Issue Size
Total ₹600.29 Cr :#Fresh Issue : 2,222,222 shares(aggregating up to ₹200.00 Cr) +
#OFS : 4,447,630 shares of ₹10(aggregating up to ₹400.29 Cr)
Retail Portion
35% (Number of Retail Applications: 1,45,417 Approx),(Number of S-HNI Applications : 1,484 Approx),
(Number of B-HNI Applications : 2,968 Approx)
Subscription
93.42 timesInterarch Building Products IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 1,329,526 | 997,145 664,764 332,381 | 2,326,670 | 4,653,341 |
Day 1 - 19-08-24 05:00 PM | 0.27 x | 7.84 7.89 x 7.74 x | 2.75 x | 3.19 x |
Day 2 - 20-08-24 05:00 PM | 1.47 x | 30.82 32.07 x 28.32 x | 7.31 x | 10.84 x |
Day 3 - 21-08-24 05:00 PM | 205.41 x | 128.32 145.48 x 94.01 x | 18.93 x | 93.42 x |
Interarch Building Products Valuations
EPS Pre IPO
₹59.84/-EPS Post IPO
₹51.85/-P/E Pre IPO
15.04P/E Post IPO
17.36RoNW
22.26%Interarch Building Products Company Financials All values are in ₹ Cr.
31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
---|---|---|---|
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 |
About The Company
Interarch Building Limited is a leading provider of 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 total 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 facility out of which two are situated in Sriperumbudur, Tamil Nadu, India, one in Pantnagar, Uttarakhand and and one in and 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 System.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.
Interarch Building Products - Strength and Weakness
Interarch Building is ranked third in operating revenue among PEB players in FY 2024.
The company holds the second-largest installed capacity of 141,000 MTPA in India's PEB industry.
The company has been recognised with multiple awards, including 'Pre-Engineered Building Company of the Year' in 2022.
Interarch is highly dependent on the availability and cost of steel, making price volatility a significant threat.
Any disruption in the supply chain of raw materials can adversely impact Interarch Building Products Limited's business and financial health.
Outsourcing services to third parties introduces risks, as any failure in their service delivery can negatively affect the company.
Interarch Building Products - Peers Comparison
P/B Ratio | P/E Ratio | RoNW | Net Worth | |
---|---|---|---|---|
Interarch Building | 3.35 | 17.36 | 22.3% | 1,306 |
Everest Industries | 2.78 | 121 | 2.25% | 1,614 |
Pennar Industries | 2.82 | 23.8 | 15.8% | 3,115 |
Interarch Building Products - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
- Arvind Nanda
- Gautam Suri
- Ishaan Suri
- Viraj Nanda
Interarch Building Products IPO - Issue Objectives
- 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
- General Corporate Purposes
Interarch Building Products IPO - Anchor Investors
Institutional investors including ICICI Prudential Mutual Fund, Whiteoak Capital, Mirae Asset, Pinebridge Global Funds, LC Pharos Multi Strategy Fund, and Eastspring Investments India Infrastructure Equity Open participated in the anchor book.
SBI General Insurance Company, Bajaj Allianz Life Insurance, Aryabhata Global Assets Fund, Carnelian Capital Compounder Fund, and Societe Generale also invested in the New Delhi-based company.
Other Details
Interarch Building Products
Farm No. 8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Mehrauli, New Delhi -110047Phone: +91-12041 70200
Email: compliance@interarchbuildings.com
Website: https://www.interarchbuildings.com/
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 - FAQs
Ans. Interarch Building Products Limited IPO is a Mainboard IPO. The issue is priced at ₹850-900 per equity share. The minimum order quantity is 16 Shares. The IPO opens on Aug 19, 2024, and closes on Aug 21, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Interarch Building Products Limited IPO opens on Aug 19, 2024 and closes on Aug 21, 2024.
Ans. The size of Interarch Building Products Limited IPO is Total ₹600.29 Cr : #Fresh Issue : 2,222,222 shares(aggregating up to ₹200.00 Cr) + #OFS : 4,447,630 shares of ₹10(aggregating up to ₹400.29 Cr).
Ans. The IPO price band is set between ₹850-900 per equity share.
Ans. To apply for Interarch Building Products Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Interarch Building Products Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Interarch Building Products Limited IPO is Aug 22, 2024.
Ans. The Interarch Building Products Limited IPO will be listed on Aug 26, 2024.
Ans. Follow the steps to check the allotment status for Interarch Building Products Limited IPO here.