The Interarch Building Products IPO is a book-built issue worth ₹600.29 crores. This includes a fresh issue of 0.22 crore shares totaling ₹200.00 crores and an offer for sale of 0.44 crore shares amounting to ₹400.29 crores.
The IPO opens for subscription on August 19, 2024, and closes on August 21, 2024. Allotments are expected to be finalized on Thursday, August 22, 2024. The shares will be listed on BSE and NSE, with a tentative listing date of Monday, August 26, 2024.
The price band for the IPO is set between ₹850 and ₹900 per share. The minimum lot size is 16 shares. Retail investors must invest a minimum of ₹14,400. For small and medium-sized institutional investors (sNII), the minimum lot size is 14 lots (224 shares), totaling ₹201,600, while for big institutional investors (bNII), it is 70 lots (1,120 shares), amounting to ₹1,008,000.
- Book Running Lead Manager – Ambit Private Limited and Axis Capital Limited
- Registrar of the Issue – LinkIntime India Private Ltd.
Below are the details of Interarch Building Product IPO 2024 Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Interarch Building Product IPO Details
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹850 to ₹900 per share |
| Lot Size | 16 Shares |
| Total Issue Size | 6,669,852 shares (aggregating up to ₹600.29 Cr) |
| Fresh Issue | 2,222,222 shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 4,447,630 shares of ₹10 (aggregating up to ₹400.29 Cr) |
| Employee Discount | Rs 85 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 14,415,892 |
| Share holding post issue | 16,638,114 |
Interarch Building Product IPO Timeline
| IPO Open Date | Monday, August 19, 2024 |
| IPO Close Date | Wednesday, August 21, 2024 |
| Basis of Allotment | Thursday, August 22, 2024 |
| Initiation of Refunds | Friday, August 23, 2024 |
| Credit of Shares to Demat | Friday, August 23, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Interarch Building Product IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹187,200 |
| S-HNI (Min) | 14 | 224 | ₹201,600 |
| S-HNI (Max) | 69 | 1,104 | ₹993,600 |
| B-HNI (Min) | 70 | 1,120 | ₹1,008,000 |
Interarch Building Product IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Interarch Building Product IPO Promoters
Arvind Nanda, Gautam Suri, Ishaan Suri and Viraj Nanda are the company’s Promoters.
Interarch Building Product IPO Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
Interarch Building Product IPO Review
Incorporated in 1983, Interarch Building Limited specializes in turnkey pre-engineered steel construction solutions in India. The company provides comprehensive services, including design, engineering, manufacturing, and on-site project management for the installation of pre-engineered steel buildings (PEBs).
By March 31, 2023, Interarch had the second-highest installed capacity in the industry, producing 141,000 metric tonnes annually. The company held a 6.1% market share in operating income among integrated PEB providers in India for the financial year 2023.
Interarch offers PEB solutions through contracts for pre-engineered steel buildings and the sale of related materials, including metal ceilings, corrugated roofing, steel structures, and light gauge framing systems. Its clients in the industrial and manufacturing sectors include Grasim Industries, Berger Paints, Blue Star Climatech, Timken India, and Addverb Technologies, while it serves InstaKart Services in infrastructure construction.
The company operates four manufacturing facilities located in Sriperumbudur (Tamil Nadu) and Pantnagar and Kichha (Uttarakhand). It has a sales and marketing presence in multiple states, including Punjab, Uttar Pradesh, Tamil Nadu, Odisha, and Chhattisgarh.
Interarch’s manufacturing facilities are ISO 9001:2015 certified for Quality Management. As of September 30, 2023, the company employs 111 qualified structural design engineers and detailers, with an average of 8.05 years of experience.
FAQs About Interarch Buildings IPO
Q1. What is the Interarch Building Products IPO?
Ans. The Interarch Building Products IPO is a book-built public offering worth ₹600.29 crores. It consists of a fresh issue of shares totaling ₹200.00 crores and an offer for the sale of shares amounting to ₹400.29 crores.
Q2. When will the Interarch Building Products IPO open and close for subscription?
Ans. The Interarch Building Products IPO opens on August 19, 2024, and closes on August 21, 2024.
Q3. What is the price band for the Interarch Building Products IPO?
Ans. The price band for the Interarch Building Products IPO is set between ₹850 and ₹900 per share.
Q4. What is the minimum investment required for retail investors in the Interarch Building Products IPO?
Ans. Retail investors need to invest a minimum of ₹14,400, which corresponds to 16 shares.
Q5. When will the Interarch Building Products IPO be listed on the stock exchanges?
Ans. The Interarch Building Products IPO is expected to be listed on the BSE and NSE on August 26, 2024.
Q6. How many shares are being offered in the Interarch Building Products IPO?
Ans. The IPO includes a fresh issue of 0.22 crore shares and an offer for sale of 0.44 crore shares, totaling 0.66 crore shares.
Q7. What is the market share of Interarch Building Limited in the pre-engineered buildings sector?
Ans. As of the financial year 2023, Interarch Building Limited held a 6.1% market share in operating income among integrated pre-engineered building players in India.
Q8. Where are Interarch Building Limited’s manufacturing facilities located?
Ans. Interarch Building Limited operates four manufacturing facilities: two in Sriperumbudur, Tamil Nadu, and one each in Pantnagar and Kichha, Uttarakhand.