Interarch IPO (Interarch Building Products Limited IPO)
Interarch IPO open for bidding on 19th August 2024 and ends on 21st August 2024.
Interarch Building Products Limited, established in 1983, is a leading provider of turnkey pre-engineered steel construction solutions in India. The company offers design, engineering, manufacturing, and on-site project management, specializing in pre-engineered steel buildings (PEB).
As of March 31, 2023, Interarch held the second-highest industry capacity at 141,000 metric tonnes per year and had a 6.1% market share in operating income among integrated PEB players. Their product offerings include metal ceilings, corrugated roofing, steel structures, and light gauge framing systems.
Interarch operates four ISO 9001:2015 certified manufacturing facilities in Tamil Nadu and Uttarakhand. Their client base includes major names like Grasim Industries and Berger Paints, supported by a skilled team of 111 design engineers with extensive experience.
For more details refer to Interarch IPO RHP and Interarch IPO Pulse Score
Interarch IPO Details
| IPO Date | 19th August 2024 to 21st August 2024 |
| Listing Date | 26th August 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹850 to ₹900 per share |
| Lot Size | 16 Shares |
| Total Issue Size | 66,85,873 shares (aggregating up to ₹600.29 Cr) |
| Fresh Issue | 22,38,243 shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 44,47,630 shares of ₹10 (aggregating up to ₹400.29 Cr) |
| Employee Discount | ₹85 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 19,94,288(29.8%) |
| QIB | 12,76,920(19%) |
| NII | 10,16,557(15.2%) |
| bNII | 6,77,704(10.1%) |
| sNII | 3,38,853(5.1%) |
| Retail | 23,71,965(35.5%) |
| Employees | 26,143(0.4%) |
| Total | 66,85,873(100%) |
Interarch IPO Timeline
| IPO Open | 19th August 2024 |
| IPO Close | 21st August 2024 |
| Basis Of Allotment | 22nd August 2024 |
| Initiation of Refunds | 23rd August 2024 |
| Credit of Shares to Demat | 23rd August 2024 |
| Listing Date | 26th August 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹1497.43 Cr | P/E Ratio- Pre IPO | 15.04 |
| RoNW | 22.26% | P/E Ratio- Post IPO | 17.36 |
| RoCE | 25.79% | P/B Ratio | |
| Debt to Equity | -0.11 | PAT Margin% | 6.6% |
Interarch IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of 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) (“Project”);
- Financing the capital expenditure towards 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 upgradation of existing information technology infrastructure of the Company;
- Funding incremental working capital requirements; and
- General corporate purposes
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