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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 ₹900.00 per share . The lot size for an application is 16. The minimum amount of investment required by an retail is ₹13,600 (16 shares). 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 Date | August 19, 2024 to August 21, 2024 |
| Listing Date | August 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹850 to ₹900 per share |
| Issue Price Final | ₹900 per share |
| Lot Size | 16 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 66,72,169 shares (aggregating up to ₹600.29 Cr) |
| Fresh Issue | 22,24,539 shares (aggregating up to ₹200.14 Cr) |
| Offer for Sale | 44,47,630 shares of ₹10 (aggregating up to ₹400.15 Cr) |
| Employee Discount | ₹85.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,44,15,892 shares |
| Share Holding Post Issue | 1,66,38,114 shares |
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, 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 | Maximum 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%) |
| 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 |
Interarch Building Products IPO raises ₹179.49 crore from anchor investors. Interarch Building Products IPO Anchor bid date is August 16, 2024. Interarch Building Products IPO Anchor Investors list
| Bid Date | August 16, 2024 |
| Shares Offered | 19,94,288 |
| Anchor Portion Size (In Cr.) | 179.49 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 20, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 19, 2024 |
Interarch Building Products IPO opens on August 19, 2024, and closes on August 21, 2024.
| IPO Open Date | Mon, Aug 19, 2024 |
| IPO Close Date | Wed, Aug 21, 2024 |
| Tentative Allotment | Thu, Aug 22, 2024 |
| Initiation of Refunds | Fri, Aug 23, 2024 |
| Credit of Shares to Demat | Fri, Aug 23, 2024 |
| Tentative Listing Date | Mon, Aug 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 21, 2024 |
Investors can bid for a minimum of 16 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Interarch Building Products Limited's revenue increased by 15% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | 343.8 | 262.65 |
| Total Borrowing | 3.36 | 11.38 | 3.36 |
| Amount in ₹ Crore | |||
The market capitalization of Interarch Building Products IPO is ₹1497.43 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 19.40% |
| ROCE | 25.79% |
| Debt/Equity | -0.11 |
| RoNW | 22.26% |
| Price to Book Value | 0.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 59.84 | 51.85 |
| P/E (x) | 15.04 | 17.36 |
The company proposes to utilize the Net Proceeds towards funding the following objects (collectively, the “Objects”):
[Dilip Davda] The company enjoys most preferred PEB contractor status and is getting regular orders for new projects. It posted growth in its top and bottom lines. It has orders worth Rs. 1100 cr. on hand as of April 01, 2024. Based on FY24 earnings, the issue appears fully priced. Investors may park funds for the medium to long term. Read detail review...
| Listing Date | August 26, 2024 |
| BSE Script Code | 544232 |
| NSE Symbol | INTERARCH |
| ISIN | INE00M901018 |
| Final Issue Price | ₹900 per share |
| BSE Listing Group | B |
Interarch Building Products Ltd.
Farm No. 8, Khasara No. 56/23/2,
Dera Mandi Road
Mandi Village, Mehrauli, New Delhi -110047,
Delhi, New Delhi
Phone: +91-12041 70200
Email: compliance@interarchbuildings.com
Website: https://www.interarchbuildings.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: interarch.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Interarch Building Products IPO is a main-board IPO of 66,72,169 equity shares of the face value of ₹10 aggregating up to ₹600.29 Crores. The issue is priced at ₹900 per share. The minimum order quantity is 16.
The IPO opens on August 19, 2024, and closes on August 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 August 19, 2024 and closes on August 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 Friday, August 23, 2024. Check the Interarch Building Products IPO allotment status.
The Interarch Building Products IPO listing date is on Monday, August 26, 2024.
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