27-Mar-2024
2 mins read
Interarch Building Products IPO is a book-built issue. This upcoming IPO is a combination of fresh issue and offer for sale. The fresh issue is Rs 200 crores and offer for sale comprises 4,447,630 equity shares. The face value is set at Rs 10 per share. The bid offer opening and closing dates of this new IPO is not yet announced. The equity shares offered through this IPO are going to be list on both the exchanges NSE and BSE.
About Interarch Building Products Limited
Interarch Building Products began its operations in 1983, and pioneered the high end metal interior product market in India. Company is a leading Turnkey Pre- Engineered Steel Construction Solution provider integrated for design, manufacture, logistics, supply and product execution capabilities for pre-engineered steel buildings. In India, the company holds a big part of market share for metal building systems. They work with industry leaders in project development and construction, providing support to critical industrial, commercial and infrastructure projects.
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Objectives of Interarch Building IPO
The net amount received from this new IPO issue, will be utilised for financing the capital expenditure for setting up a new project. Other than this funds will be used for funding the upgradation of existing IT infrastructure of the company. Moreover, the remaining will be used for fulfilling the working capital requirements.
Financials Information of Interarch Building Products Limited
Interarch Building company reported a revenue from operations of Rs 1,123.92 crore and net profit of Rs 81.46 crore for the year on 31 March 2023. Previously, for the year ended on 31 March 2022, the company reported a revenue of Rs 834.94 crore and profit of Rs 17.13 crore. There is a massive jump in the yearly profits.
Promotor of Interarch Building Products
The company's promoters are Arvind Nanda, Gautam Suri, Ishaan Suri, Viraj Nanda.
Lead Managers and Registrar
Ambit Capital and Axis Capital Limited are the lead managers handling the Interarch Building Products IPO. The register is Link Intime India Private Limited.
Once the issue opening dates are announced, Investors can apply to this IPO by clicking here. For further updates, follow Bigul.
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