Bookbuilding IPO | ₹600 Cr | Listed at BSE, NSE | Mon, Aug 19, 2024 - Wed, Aug 21, 2024
Interarch Building Products IPO is a book build issue of ₹600.29 crores. The issue is a combination of fresh issue of 0.22 crore shares aggregating to ₹200.14 crores and offer for sale of 0.44 crore shares aggregating to ₹400.15 crores.
Interarch Building Products IPO bidding started from Aug 19, 2024 and ended on Aug 21, 2024. The allotment for Interarch Building Products IPO was finalized on Aug 22, 2024. The shares got listed on BSE, NSE on Aug 26, 2024.
Interarch Building Products IPO price band is set at ₹900 per share. The lot size for an application is 16. The minimum amount of investment required by an retail is ₹14,400 (16 shares) (based on upper price). The lot size investment for sNII is 14 lots (224 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (1,120 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 24,539 shares for employees offered at a discount of ₹85.00 to the issue price.
Ambit Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Interarch Building Products IPO RHP for detailed Information.
IPO Open
Mon, Aug 19, 2024
IPO Close
Wed, Aug 21, 2024
Issue Price
₹900 per share
Market Cap (Pre-IPO)
₹1,497.43 Cr
| IPO Date | 19 to 21 Aug, 2024 |
| Listed on | Mon, Aug 26, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹850 to ₹900 |
| Issue Price | ₹900 per share |
| Lot Size | 16 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹85.00 |
| Total Issue Size | 66,72,169 shares (agg. up to ₹600 Cr) |
| Fresh Issue | 22,24,539 shares (agg. up to ₹200 Cr) |
| Offer for Sale | 44,47,630 shares of ₹10 (agg. up to ₹400 Cr) |
| Share Holding Pre Issue | 1,44,15,892 shares |
| Share Holding Post Issue | 1,66,38,114 shares |
| BSE Script Code / NSE Symbol | 544232 / INTERARCH |
| ISIN | INE00M901018 |
Interarch Building Products IPO offers total 66,72,169 shares. Out of which 33,23,814 (49.82%) allocated to QIB, 13,29,526 (19.93%) allocated to QIB (Ex- Anchor), 9,97,145 (14.94%) allocated to NII 23,26,671 (34.87%) allocated to RII and 19,94,288 (29.89%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 33,23,814 (49.82%) | NA |
| − Anchor Investor Shares Offered | 19,94,288 (29.89%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 13,29,526 (19.93%) | NA |
| NII (HNI) Shares Offered | 9,97,145 (14.94%) | NA |
| − bNII > ₹10L | 6,64,764 (9.96%) | 2,967 |
| − sNII < ₹10L | 3,32,381 (4.98%) | 1,483 |
| Retail Shares Offered | 23,26,671 (34.87%) | 1,45,416 |
| Employee Shares Offered | 24,539 (0.37%) | NA |
| Total Shares Offered | 66,72,169 (100.00%) |
Investors can bid for a minimum of 16 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹1,87,200 |
| S-HNI (Min) | 14 | 224 | ₹2,01,600 |
| S-HNI (Max) | 69 | 1,104 | ₹9,93,600 |
| B-HNI (Min) | 70 | 1,120 | ₹10,08,000 |
Interarch Building Products IPO raises ₹179.49 crore from anchor investors. Interarch Building Products IPO Anchor bid date is August 16, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 16, 2024 |
| Shares Offered | 19,94,288 |
| Anchor Portion (₹ Cr.) | 179.49 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 19, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1983, Interarch Building Limited 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 and erection of pre-engineered steel buildings (PEB).
As of March 31, 2023, the company had the second-highest installed capacity of 141,000 metric tonnes per year. In the financial year 2023, it also held a 6.1% market share in operating income among integrated PEB players in India.
The company offers PEBs through pre-engineered steel building contracts ("PEB Contracts") and the sale of pre-engineered steel building materials ("PEB Sales"), including metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems.
The company's industrial/manufacturing construction category customers include Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited, and Addverb Technologies Limited. In the infrastructure construction category, the company serves InstaKart Services Private Limited.
The company has four manufacturing facility out of which two are situated in Sriperumbudur, Tamil Nadu, India, one in Pantnagar, Uttarakhand and and one in and Kichha, Uttarakhand, India.
The company has sales and marketing employees in Chandigarh, Punjab, and Haryana; Lucknow, Uttar Pradesh; Coimbatore, Tamil Nadu; Bhubaneshwar, Odisha; and Raipur, Chhattisgarh.
The company's Manufacturing Facilities are each accredited as ISO 9001:2015 certified in Quality Management System.
As of September 30, 2023, the company has 111 qualified structural design engineers and detailers in its in-house design and engineering team. On average, these team members have 8.05 years of work experience with the company.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 755.01 | 675.03 | 543.75 |
| Total Income | 1,306.32 | 1,136.39 | 840.86 |
| Profit After Tax | 86.26 | 81.46 | 17.13 |
| NET Worth | 262.65 | 343.80 | 262.65 |
| Total Borrowing | 3.36 | 11.38 | 3.36 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Financing the capital expenditure towards setting up the Project | 58.53 |
| 2 | Financing the capital expenditure towards upgradation of the Kichha Manufacturing Facility, Tamil Nadu Manufacturing Facility I, Tamil Nadu Manufacturing Facility II and Pantnagar Manufacturing Facility | 19.25 |
| 3 | Funding investment in information technology assets for upgradation of existing information technology infrastructure of the Company | 11.39 |
| 4 | Funding incremental working capital requirements | 55.00 |
| 5 | General corporate purposes | 43.04 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 19.40% |
| ROCE | 25.79% |
| Debt/Equity | -0.11 |
| RoNW | 22.26% |
| PAT Margin | 7.20% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 59.84 | 51.85 |
| P/E (x) | 15.04 | 17.36 |
| Promoter Holding | 87.53% | 59.9% |
| Market Cap | ₹1,497.43 Cr. |
The Interarch Building Products IPO is subscribed 93.79 times on August 21, 2024 6:19:08 PM (Day 3). The public issue subscribed 19.46 times in the retail category, 197.29 times in the QIB category, and 130.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 197.29 | 13,29,526 | 26,22,98,016 |
| NII | 130.91 | 9,97,145 | 13,05,38,896 |
| bNII (> ₹10L) | 148.31 | 6,64,764 | 9,85,93,744 |
| sNII (< ₹10L) | 96.11 | 3,32,381 | 3,19,45,152 |
| Retail | 19.46 | 23,26,671 | 4,52,86,768 |
| Employee | 25.75 | 24,539 | 6,31,888 |
| Total | 93.79 | 46,77,881 | 43,87,55,568 |
Total Applications: 24,37,913
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission) | 18.01 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 3.82 |
| 3 | Fees payable to the Registrar to the Offer | 0.21 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 3.45 |
| 5 | Printing and stationery expenses | 0.74 |
| 6 | Fees payable to the legal counsels | 3.78 |
| 7 | Advertising and marketing expenses for the Offer | 3.60 |
| 8 | Fees payable to other parties to the Offer including but not limited to the Statutory Auditors, independent chartered accountants, industry report provider, chartered engineer, architect and Monitoring Agency | 2.03 |
| 9 | Miscellaneous | 2.69 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹900.00 | ₹900.00 |
| Open | ₹1,222.00 | ₹1,220.00 |
| Low | ₹1,192.05 | ₹1,192.00 |
| High | ₹1,230.00 | ₹1,230.00 |
| Last Trade | ₹1,195.55 | ₹1,196.45 |
Lead Manager Reports
Interarch Building Products IPO is a main-board IPO of 66,72,169 equity shares of the face value of ₹10 aggregating up to ₹600 Crores. The issue is priced at ₹900 per share. The minimum order quantity is 16.
The IPO opens on Mon, Aug 19, 2024, and closes on Wed, Aug 21, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Interarch Building Products IPO using UPI as a payment gateway. Zerodha customers can apply in Interarch Building Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Interarch Building Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Interarch Building Products IPO opens on Mon, Aug 19, 2024 and closes on Wed, Aug 21, 2024.
Interarch Building Products IPO lot size is 16, and the minimum amount required for application is ₹14,400.
You can apply in Interarch Building Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Interarch Building Products IPO will be done on Thursday, August 22, 2024, and the allotted shares will be credited to your demat account by Fri, Aug 23, 2024. Check the Interarch Building Products IPO allotment status.
The Interarch Building Products IPO listing date is on Mon, Aug 26, 2024.
