Interarch Building Limited is a leading provider of 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 total 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 IPO – Details
| IPO Opening Date | 19 August 2024 |
| IPO Closing Date | 21 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 66,69,852 Shares Worth ₹600.29 Crore Fresh Issue: 22,22,222 Shares Worth ₹200.00 Crore Offer For Sale: 44,47,630 Shares Worth ₹400.29 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹850 – ₹900 per share |
| Market Lot | 16 Shares |
| Min Order | 16 Shares (1 Lot) |
| Employee Discount | ₹85 |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Interarch Building Products IPO – Date Schedule
| IPO Open Date | 19 August 2024 |
| IPO Close Date | 21 August 2024 |
| Basis of Allotment | 22 August 2024 |
| Initiation of Refund | 23 August 2024 |
| Credit of Shares to Demat Account | 23 August 2024 |
| IPO Listing Date | 26 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Interarch Building Products IPO – Lots Size & Price
| 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 |
Competitive Strengths
- Established brand presence and market position in the growing pre-engineered building industry in India.
- Significantly integrated manufacturing operations, backed by in-house design and engineering, onsite project management, and sales and marketing capabilities.
- Demonstrated track record of execution of pre-engineered steel building projects.
- Diverse customer base and long-standing relationships with significant customers.
- Demonstrated financial performance and status of order book.
- Experienced and qualified Promoters and management team.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 840.85 | 818.26 | 17.13 | 3.36 |
| 31 March 2023 | 1136.39 | 1027.43 | 81.46 | 11.38 |
| 31 March 2024 | 1306.31 | 1190.42 | 86.26 | 3.36 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 19.40% |
| ROCE | 25.79% |
| Debt/Equity | -0.11 |
| RoNW | 22.26% |
| P/BV | 0 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 59.84 | 51.85 |
| P/E (x) | 15.04 | 17.36 |
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) (“Project”);
- 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 (“IT”) assets for upgrading the company’s existing information technology infrastructure;
- Funding incremental working capital requirements; and
- General Corporate Purposes.
Interarch Building Products IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Everest Industries Limited | 105.95 |
| 2 | 5 | Pennar Industries Limited | 25.16 |
Interarch Building Products IPO Promoter Holding
| Pre Issue Share Holding | 87.53% |
| Post Issue Share Holding | 59.91% |
Interarch Building Products IPO Prospectus
Company Contact Information
| Interarch Building Products Limited Farm No. 8, Khasara No. 56/23/2, Dera Mandi Road Mandi Village, Mehrauli, New Delhi -110047, Phone: +91-12041 70200 Email: compliance@interarchbuildings.com Website: https://www.interarchbuildings.com/ |
Interarch Building Products IPO Registrar
| Link Intime India Private 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 Lead Manager(s)
| 1. Ambit Private Limited 2. Axis Capital Limited |
Interarch Building Products IPO FAQs
| What is Interarch Building Products IPO? Interarch Building Products IPO is a main-board IPO. The issue is priced at ₹850 to ₹900 per equity share. The IPO is to be listed on BSE & NSE. |
| When Interarch Building Products IPO will open? The IPO is to open on 19 August 2024 for QIB, NII, and Retail Investors. |
| What is Interarch Building Products IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Interarch Building Products IPO? You can apply Interarch Building Products IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Interarch Building Products IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Interarch Building Products IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Interarch Building Products IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Interarch Building Products IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Interarch Building Products IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Interarch Building Products IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Interarch Building Products IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Interarch Building Products IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Interarch Building Products IPO Size? Interarch Building Products IPO size is ₹600.29 Crore. |
| What is Interarch Building Products IPO Price Band? Interarch Building Products IPO Price Band is ₹850 to ₹900. |
| What is Interarch Building Products IPO Minimum and Maximum Lot Size for retail? The minimum bid is 16 Shares with ₹14,400 amount while the maximum bid is 208 Shares with ₹1,87,200. |
| What is the Interarch Building Products IPO Allotment Date? Interarch Building Products IPO allotment date is 22 August 2024. |
| What is the Interarch Building Products IPO Listing Date? Interarch Building Products IPO listing date is 26 August 2024. The IPO is to be listed on BSE and NSE. |
