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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹600.29 Cr |
| Fresh Issue | ₹200.14 Cr |
| Offer for Sale | ₹400.15 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹850.00-900.00 per share |
| Discount | Retail: 0.00,Employee: 85.00 |
| BSE Code | 544232 |
| NSE Code | INTERARCH |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Axis Capital Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 16 shares and in multiples thereof
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.
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 |
| 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 | |||
| 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 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 59.84 | 51.85 |
| P/E (x) | 15.04 | 17.36 |
| Promoter Holding | 87.53% | 59.9% |
| Market Cap | ₹1497.43 Cr. | |
