Interarch Building Products IPO: Read the IPO in Detail

• Interarch Building Products IPO is a book-built issue of Rs 600.29 crore.
• This upcoming IPO bidding opens on August 19 and closes on August 21, 2024.
• Interarch Building Products IPO price band is set at Rs 850 to Rs 900 per share.
• The minimum investment required Rs 14,400.

Interarch Building Products IPO: Synopsis

Interarch Building Products IPO is open for subscription starting Monday, August 19, 2024 and closing on Wednesday, August 21, 2024. The price of this upcoming IPO is decided at Rs 850 to Rs 900 per share. 

The minimum lot size for the retail category is 900 shares. The minimum lot size for small NII is 14 lots consisting of 224 shares. Meanwhile, the minimum lot for big non-institutional investors is 70 lots with 1,120 shares. 

The minimum investment required for retail category investors is Rs 14,400 (900 x 16 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,01,600 (900 x 224 shares); for big non-institutional investors, it is Rs 10,08,000 (900 x 1,120 shares). 

Interarch Building Products IPO is a book-built issue of Rs 600.29 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 0.22 crore equity shares amounting to Rs 200 crores. The offer-for-sale is of 0.44 crore equity shares amounting to Rs 400.29 crores. 

The allotment for this IPO is expected to be finalised on Thursday, August 22, 2024. 

Interarch Building Products Limited's IPO will be listed on both the exchanges BSE and NSE, and the listing date is fixed for Monday, August 26, 2024. 

Ambit Private Limited and Axis Capital Limited is the book-running lead manager of Interarch Building Products Limited. Link Intime India Private Limited is the registrar for this new IPO.

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Interarch Building Products IPO: About the Company

Interarch Building Products Limited was incorporated in 1983 and provides turnkey pre-engineered steel construction solutions in India. They offer integrated facilities for design, engineering, manufacturing, and on-site project management for the installation and erection of pre-engineered steel buildings. 

Interarch’s manufacturing category customers include big names like Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited, and Addverb Technologies Limited.

As of 31 Mar 2023,  Interarch had the second-highest installed capacity of 141,000 metric tonnes per year. In FY 2023, it also held a 6.1% market share in operating income among integrated PEB players in India.

Interarch Building Products IPO: Objectives

The amount raised from this IPO, will be allocated for financing the capital expenditure toward the purchase of a new PEB manufacturing unit. Also, for the upgradation of the Kichha Manufacturing Facility. Additionally, the funds will be used for funding on the existing IT infrastructure. The remaining will be used for the working capital and general corporate purposes. 

Interarch Building Products IPO: Other Important Details

Interarch Building Products IPO: Time-Table 

Interarch Building Products Limited: Financial Metrics  (Amt in Rs Crore)

Interarch Building Products reported revenue of Rs 1,306.32 crore and net profit of Rs 86.26 crore for the period ending 31 March 2024. The company’s revenue increased by 15% and PAT increased by 6% between the FY ending with 31 Mar 2024 and 31 Mar 2023.

Lot Size of Interarch Building Products IPO

Promoters of Interarch Building Products Limited and Their Holdings

The promoters of Interarch Building Products Limited are Arvind Nanda, Gautam Suri, Ishaan Suri and Viraj Nanda. The promoter's shareholdings before the IPO is 87.53% however, after the IPO, the details of the shareholding are not available.

Interarch Building Products IPO: Strength of the Company

·   Interarch Building Products provides 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 of PEB.

·   Interarch Building Products is a profitable company and net profit is rising on a steady basis. The PAT increased from 81.46 crore to Rs 86.26 crore between FY24 and FY23.

FAQs

1. What are the details of Interarch Building Products Limited IPO 2024?

Interarch Building Products IPO is a book-built issue of Rs 600.29 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 0.22 crore equity shares amounting to Rs 200 crores. The offer-for-sale is of 0.44 crore equity shares amounting to Rs 400.29 crores. 

2. Who are the lead managers for the Interarch Building Products Limited IPO?

Ambit Private Limited and Axis Capital Limited are lead managers for this IPO.

3. What is the role of Link Intime India in this IPO?

Link Intime India Private Limited is the registrar for Interarch Building Products Limited, handling the IPO's administrative aspects.

4. How can I apply for the Interarch Building Products Limited IPO?

The public subscription of this IPO will open on August 19, 2024. Click here to continue the application process.

5. How will the net proceeds from the IPO be utilised?

The amount raised from this IPO, will be allocated for financing the capital expenditure toward the purchase of a new PEB manufacturing unit. Also, for the upgradation of the Kichha Manufacturing Facility. Additionally, the funds will be used for funding on the existing IT infrastructure. 

6. How can I check the allotment status of the IPO?

Investors can check out the allotment status of the Interarch Building Products Limited IPO 2024 by visiting here.

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