Interarch Building Products Ltd. was incorporated on November 30, 1983. It is a turnkey pre-engineered steel construction solution provider in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings.
| Bidding Dates |
|---|
| 19 Aug 2024 - 21 Aug 2024 |
| Subscription |
|---|
| 93.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,600 | 1 | 13 | 16 | 6.7 M | ₹850 - ₹900 | 59.91 % | ₹5669.4 M - ₹6002.9 M | RHP DOC |
Interarch Building IPO SUBSCRIPTION STATUS
21 Aug '24Interarch Building IPO overall subscription rate was 93.53 times the total available shares
Interarch Building IPO retail subscription rate was 19.11 times in the retail segment
Interarch Building IPO non-institutional investor subscription rate was 128.42 times in the non-institutional investor category
Interarch Building IPO Qualified Institutional Bidder subscription rate was 205.41 times the available shares for Qualified Institutional Bidder
Interarch Building IPO Employees subscription rate was 24.19 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
21 Aug 2024 (Day 3) | 19.11x | 128.42x | 205.41x | 24.19x |
20 Aug 2024 (Day 2) | 7.31x | 30.82x | 1.47x | 11.75x |
19 Aug 2024 (Day 1) | 2.76x | 7.85x | 0.27x | 4.97x |
Interarch Building FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 862.6 | 12,933.0 | 815.2 | 634.7 | 8.7% |
| FY23 | 814.6 | 11,239.3 | 312.9 | 179.1 | 9.5% |
| FY22 | 171.3 | 8,349.4 | 261.8 | 224.9 | 3.9% |
Interarch Building IPO SUBSCRIPTION STATUS DETAILS
Interarch Building had 6.7 M shares on offer
Interarch Building IPO offer price was in the range ₹850 - ₹900
Interarch Building IPO minimum Investment was ₹13600
Interarch Building IPO issue size was ₹ 5669.4 M - ₹ 6002.9 M
Interarch Building had a minimum lot size of 16 Shares per application
Interarch Building NUMBER OF SHARES ON OFFER
Interarch Building IPO IMPORTANT DATES
| Issue Open Date | 19 Aug 2024 |
| Issue close Date | 21 Aug 2024 |
| Allotment Date | 22 Aug 2024 |
| Refund Date | 23 Aug 2024 |
| Demat Account Credit Date | 23 Aug 2024 |
| Listing Date | 26 Aug 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Interarch Building Allotment Status | Exchange |
Interarch Building IPO subscription opened on 19 Aug 2024, and closed on 21 Aug 2024
IPO allotment for Interarch Building was finalized on Thursday, 22 Aug 2024
IPO listing for Interarch Building was on NSE and BSE on Monday, 26 Aug 2024
Interarch Building IPO LISTING GAINS
| Issue Price (adjusted) | 900.0 |
| Listing Open Price | 1299.0 |
| Listing Close Price | 1195.7 |
| Listing Gain% | 44.3% |
| Current Gain% | 97.0% |
Interarch Building Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interarch Building Solutions Ltd. | 1772.8 | 2949.6 | 22.2 | 1.4 | 1.5 | 15.3 | 10.3 | 1926.6 | 30.7 | 134.5 | 24.8 | 79.9 | 15.9 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Interarch Building IPO Reports
Interarch Building INFORMATION ON IPO ISSUE
About Interarch Building
Interarch Building Products Ltd. was incorporated on November 30, 1983. It is a turnkey pre-engineered steel construction solution provider in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings.
Object of the Issue
- 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)
- Financing the capital expenditure towards the 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 assets for the upgradation of existing information technology infrastructure of the company
- Funding incremental working capital requirements
- General corporate purposes.
Interarch Building - PROMOTERS
| Name |
|---|
| Arvind Nanda |
| Gautam Suri |
| Ishaan Suri |
| Viraj Nanda |
Interarch Building Book Running Lead Manager
Ambit Private Limited
interarch.ipo@ambit.co
Axis Capital Limited
interarch.ipo@axiscap.in
Interarch Building Registrar to the Offer
Link Intime India Private Limited
interarch.ipo@linkintime.co.in
Interarch Building Strengths
Established brand presence
The company was ranked third in terms of operating revenue from PEB business in FY23 among integrated PEB players in India, as per a CRISIL Report. It further had the second-largest aggregate installed capacity of 141,000 MTPA as of March 31, 2023, and a market share of 6.1% in terms of operating income in FY23 among integrated PEB players in India
Integrated manufacturing operations
The company's manufacturing operations are vertically integrated to a significant extent, enabling its presence across the product lifecycle of PEBs, from estimation, designing, engineering, and fabrication of PEBs in completely knockdown conditions at its manufacturing facilities, to supply and on-site project management of the installation and erection of PEBs at the site of the customer.
Diverse customer base
The company operates in the PEB market and this market in India can be divided into three broad end-use sectors: (i) industrial/ manufacturing construction, (ii) infrastructure, and (iii) building (residential, commercial, and non-commercial). Industrial/manufacturing construction includes manufacturing plants, factories, power plants, and other highly specialized facilities.
Interarch Building Risks
Depends on third party suppliers
The company depends on third-party suppliers for the uninterrupted supply of its raw materials and does not have continuing or exclusive arrangements with any of these suppliers. Loss of suppliers or any failure by the suppliers to make timely delivery may have an adverse effect on the business
Geograhically Concentrated
The company's manufacturing facilities are currently concentrated in the states of Tamil Nadu and Uttarakhand. Any significant social, political, economic, or seasonal disruption, natural calamities, or civil disruptions could have an adverse effect on the business
Outsource certain operations
The company outsources certain operations of its business such as transport, logistics, security guard services and other manufacturing processes to third parties. Any failure by such third parties to deliver their services could have an adverse impact on the business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 400.3 crore, of 4,447,630 shares. It also consists of a fresh issue of Rs 200.0 crore.
The promoters of the company are Arvind Nanda, Gautam Suri, Ishaan Suri and Viraj Nanda.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 850.0 - 900.0.
The IPO application opens on Aug 19, 2024 and closes on Aug 21, 2024.
The minimum lot size for the IPO is 16. The maximum lot size for the IPO is 208.
For all category investors, the minimum application amount for this IPO is Rs. 13,600.0, the maximum value for this IPO is Rs 187,200.0.
This IPO will be allotted on Aug 22, 2024.
The refund will be credited to your account on Aug 23, 2024.
The allotted shares will be credited to your demat on Aug 23, 2024.
Interarch Building Products Ltd.’s shares listed on the stock exchanges on Aug 26, 2024.