Interarch Building Products Limited is a well-established name in the pre-engineered building systems industry. It is gearing up for its Initial Public Offering (IPO), scheduled to launch on August 19, 2024. Founded in 1984, the company has grown to become a pioneer in metal building systems. It offers a range of products, including pre-engineered buildings, metal roofing, cladding systems, and turnkey solutions for various industries.
With over three decades of experience, Interarch has positioned itself as a market leader, providing high-quality, customized solutions to clients across India. You can apply for the IPO online easily and stay ahead of the market.
The much-anticipated IPO of Interarch Building Products Limited is set to hit the markets on 19th August 2024. The recently listed IPO offering is aimed at raising capital to fund the company’s expansion plans, repay certain debts, and meet general corporate expenses. Here’s a detailed breakdown of the IPO:
| Details | Information |
| IPO opening date | 19th August 2024 |
| IPO closing date | 21st August 2024 |
| Face value | ₹10 per equity share |
| IPO price band | ₹850 - ₹900 per equity share |
| Market lot | 16 shares |
| Minimum order quantity | 16 shares |
| Listing at | BSE, NSE |
| Issue size | ₹600.29 crore (Approx.) |
| Fresh issue | Aggregating up to ₹200 crore |
| Offer for Sale (OFS) | Aggregating up to ₹400.39 crore |
The recently listed IPO lot size for Interarch Building Products Limited will determine the minimum number of shares that investors can apply for in a single bid. Understanding the lot size is crucial for investors planning to participate in the IPO.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹187,200 |
| S-HNI (Min) | 14 | 224 | ₹201,600 |
| S-HNI (Max) | 69 | 1,104 | ₹993,600 |
| B-HNI (Min) | 70 | 1,120 | ₹1,008,000 |
Interarch Building Products Limited, a prominent name in the pre-engineered steel construction industry. It is backed by seasoned promoters Arvind Nanda, Viraj Nanda, Gautam Suri, and Ishaan Suri.
These promoters collectively hold a significant 10,913,092 equity shares, representing 75.71% of the issued, subscribed, and paid-up share capital of the company.
Interarch Building Products also has many notable peers. Among them are Everest Industries Ltd, with a price-to-earnings (P/E) ratio of 105.95, and Pennar Industries Ltd, with a P/E ratio of 25.16.
For the financial year 2023, the company was placed third in terms of operating revenue from the PEB business.
Additionally, as of March 31, 2024, Interarch held the second-largest aggregate installed capacity in India, with a substantial 141,000 metric tonnes per year (MTPA). This capacity underscores its significant market share of 6.5% in operating revenue for the financial year 2024.
The company boasts integrated facilities that handle everything from manufacturing to design and engineering, as well as on-site project management for assembling and constructing pre-engineered steel buildings (PEB).
According to the CRISIL Report, Interarch Building Products Limited is one of the top turnkey providers of PEB construction solutions in India.
According to the CRISIL Report, the industry is expected to grow at a compound annual growth rate (CAGR) of 11–12% between the Financial Years 2024 and 2029. Interarch Building Products is strategically positioned to benefit from this growth due to its extensive track record, domain expertise, and established brand presence.
Interarch Building Products Limited’s manufacturing strength is bolstered by its four state-of-the-art facilities. These are located in Pantnagar (Uttarakhand), Kichha (Uttarakhand), and two sites in Sriperumbudur.
The company serves a diverse range of customers in the industrial and manufacturing construction sector. It includes well-known names like Addverb Technologies Limited, Timken India Limited, Berger Paints India Limited, and Grasim Industries Limited.
In the infrastructure construction category, Interarch caters to logistics and warehousing service providers, further diversifying its client base. Interarch Building Products is part of a larger corporate group, including Taipan Associates Private Ltd and Aries Developers LLP.
The recently listed IPO offering represents a strategic move to fuel expansion, enhance production capacities, and strengthen financial health. With over three decades of industry expertise, and robust manufacturing facilities, Interarch is well-positioned to capitalize on the growing demand for PEB solutions in India.
By carefully navigating these challenges, Interarch aims to continue its legacy of innovation and quality, driving long-term growth and success in the infrastructure sector. As the IPO date approaches, market participants will be keenly watching to see how this veteran player leverages its strengths to achieve its future aspirations.
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