Interarch Building Products Limited IPO

Mainboard

Civil Construction

Listed On: Aug 26, 2024 at ₹ 1299.0(NSE)

₹ 14400 /16 Shares

Check Allotment

Price Summary

Last Closing

1,439.70 (59.97%)

52 Week High

1,815.00

52 Week Low

1,110.15

Last Update

22-Nov-2024 3:30 PM

Interarch Building Products IPO Details

19 Aug, 2024

Open Date

21 Aug, 2024

Close Date

22 Aug, 2024

Allotment Date

26 Aug, 2024

Listing Date

Issue Price

₹850-900 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

1299.0(NSE)

Listing Date

2024-08-26

Market 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 Limited
Axis 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 times

IPO Docs

DRHP RHP ANCHOR

Interarch 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

Total No. of Applications: 24,25,443 (Approx)

Retail Subscription on the basis of Applications: Retail:15.00x BHNI:27.83x SHNI:91.51x times

Interarch Building Products Valuations

EPS Pre IPO

₹59.84/-

EPS Post IPO

₹51.85/-

P/E Pre IPO

15.04

P/E Post IPO

17.36

RoNW

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

Strength

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.

Weakness

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%

Company Promoter(s)

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

Interarch Building Products mobilises Rs 179.5 crore via anchor book.

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

Company Contact Details

Interarch Building Products

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/

Registrar Contact Details

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.