INTERARCH BUILDING PRODUCTS LIMITED

19 Aug 2024 - 21 Aug 2024 Individual Category Main Board BSE NSE

Min Investment

₹14400

Price Band

₹850-₹900

Issue Size

46.92 lakhs
Equity Shares

Lot Size

16

IPO Dates
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19 Aug 2024

Open Date

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21 Aug 2024

Close Date

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22 Aug 2024

Allotment Date

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26 Aug 2024

Listing Date

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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About Interarch Building Products Limited

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.

Founded

1983

Managing Director

Arvind Nanda

Parent Organization

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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