Interarch Building Products is scheduled to hit the market on August 19, 2024 and close on August 21, 2024. Interarch Building Products plans to raise around ₹600.29 Cr through an IPO with a sale of up to 6,669,852 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Interarch Building Limited, established in 1983, specializes in turnkey pre-engineered steel construction solutions in India. The company provides comprehensive services that include design, engineering, manufacturing, and project management for the installation of pre-engineered steel buildings (PEB). As of March 31, 2023, Interarch had the second-highest installed capacity in the country, reaching 141,000 metric tonnes per year, and held a 6.1% market share in operating income among integrated PEB players. Their product offerings encompass PEB contracts and the sale of materials like metal ceilings, corrugated roofing, and light gauge framing systems.
The company serves a diverse clientele across industrial and infrastructure sectors, including notable clients such as Grasim Industries Limited and Berger Paints India Limited. Interarch operates four manufacturing facilities in Tamil Nadu and Uttarakhand, all accredited with ISO 9001:2015 certification for quality management. Its strong in-house design and engineering team consists of 111 qualified structural design engineers and detailers, averaging 8.05 years of experience with the company. Sales and marketing efforts are supported by teams located across several states, including Punjab, Uttar Pradesh, Tamil Nadu, Odisha, and Chhattisgarh.
Interarch Building Products IPO Details
Interarch Building Products IPO opens on August 19, 2024, and closes on August 21, 2024. The Listing date for Interarch Building Products IPO is on August 26, 2024. The price band for IPO is ₹850 to ₹900 per share and lot size of 16 Shares.
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | August 26, 2024 |
| Price | ₹850 to ₹900 per share |
| Lot Size | 16 Shares |
| Issue Size | ₹600.29 Cr |
| Face Value | ₹10 per share |
Interarch Building Products IPO Tentative Timetable
Interarch Building Products opening date is August 19, 2024 and close date is August 21, 2024. The IPO allotment date is August 22, 2024. Therefund initiation of IPO is on August 23, 2024. The credit of shares in demat account is on August 23, 2024. The listing date is on August 26, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 19, 2024 |
| IPO Closing | August 21, 2024 |
| IPO Allotment Date | August 22, 2024 |
| Refund Initiation | August 23, 2024 |
| Shares Credit to Demat | August 23, 2024 |
| Lisiting Date | August 26, 2024 |
Interarch Building Products IPO Lot Size
Lot Size of this IPO is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹187,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 16 | ₹14,400 |
| Retail(Maximum) | 13 | 208 | ₹187,200 |
| S-HNI (Minimum) | 14 | 224 | ₹201,600 |
| B-HNI (Minimum) | 70 | 1,120 | ₹1,008,000 |
Interarch Building Products IPO Promoter Holding
| Pre Issue Share Holding | 87.53% |
| Post Issue Share Holding |
Interarch Building Products IPO Review
Interarch Building Products Ltd. (IBPL) is poised to make a significant impact with its upcoming IPO, offering a combination of fresh equity and an Offer for Sale (OFS) at a price band of ₹850 – ₹900 per share. As a leading player in the pre-engineered steel buildings (PEB) segment in India, IBPL has built a solid reputation for its turnkey solutions in design, engineering, and project management. The company boasts a prominent market position, with the third-highest operating revenue among PEB players and the second-largest installed capacity in the country. With a robust order book worth ₹1,100 crore as of April 2024, IBPL is well-positioned to capitalize on the anticipated 11-12% annual growth in the PEB industry over the next five years.
Financially, IBPL has shown steady growth, with a notable increase in both top and bottom lines. For FY24, the company reported a total income of ₹1,306.32 crore and a net profit of ₹86.26 crore. Despite its strong performance, the IPO is priced at a P/E ratio that suggests it may be fully valued based on FY24 earnings. The issue is priced at a P/BV of 3.35 based on its NAV of ₹268.80, and a slightly lower 2.55 post-IPO. Investors looking at short-term gains might find the pricing challenging, but the company's consistent growth and extensive track record in the PEB sector could offer long-term investment potential.
The IPO will open for subscription from August 19 to August 21, 2024, with shares listed on both BSE and NSE. The proceeds will fund various capital expenditures, IT upgrades, and working capital requirements. Although IBPL has not paid dividends historically, it has adopted a new dividend policy as of January 2024. Given the company's strong market position, steady growth trajectory, and substantial order inflow, investors interested in the PEB sector might consider this IPO for medium to long-term investment, despite the fully priced issue.
Interarch Building Products IPO Subscription Status (Bidding Details)
Table not foundInterarch Building Products IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Interarch Building Products IPO FAQs
What is Interarch Building Products IPO?
Interarch Building Products is issuing 6,669,852 equity shares with a face value of ₹10 each, totaling up to ₹600.29 Cr. The shares are being offered at a price of ₹850 to ₹900 each, with a minimum order quantity of 16 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Interarch Building Products IPO will open?
Interarch Building Products will open on August 19, 2024 for QIB, NII, and Retail Investors.
When Interarch Building Products IPO will end?
Interarch Building Products will end on August 21, 2024.
What is Interarch Building Products IPO Size?
Interarch Building Products IPO size is ₹600.29 Cr.
What is Interarch Building Products IPO Price Band?
Interarch Building Products price band is ₹850 to ₹900 per share.
What is the Interarch Building Products IPO Allotment Date?
Interarch Building Products allotment date is August 22, 2024.
What is the Interarch Building Products IPO Listing Date?
Interarch Building Products listing date is August 26, 2024. The IPO is to be listed on BSE and NSE.
How to Interarch Building Products IPO through Zerodha?
To apply for the IPO “Interarch Building Products” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Interarch Building Products IPO through Upstox?
To apply for the IPO “Interarch Building Products” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Interarch Building Products IPO Allotment Status?
For Interarch Building Products IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Interarch Building Products IPO GMP?
You can check out here: Interarch Building Products IPO GMP