Interarch Building Products Limited IPO Opens On August 19. Check IPO Details Issue Date Price

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Interarch Building Products Limited IPO Opens On August 19. Check IPO Details Issue Date Price

August 19, 2024
Interarch Building Products Limited IPO Opens On August 19. Check IPO Details Issue Date Price

Interarch Building Products Limited is coming out with an initial public offer to raise Rs. 600.29 crores from the market.

Below are the details of the Interarch Building Products Limited IPO:

  • Issue opens – August 19 (Monday)
  • Issue closes – August 21 (Wednesday)
  • Issue size – Rs. 600.29 crores
  • Price band – Rs. 850 to 900 per equity share
  • Bid lot – 16 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Interarch Building Products Limited were incorporated in 1983 and have presence of over 30 years in the PEB industry under their brands, “TRAC®” and “TRACDEK®”. They are one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, on-site project management capabilities for the installation and erection of pre-engineered steel buildings (“PEB”). (Source: CRISIL Report) They were ranked third in terms of operating revenue from PEB business in the Financial Year 2023 among integrated PEB players in India. (Source: CRISIL Report) Their Company further had the second largest aggregate installed capacity of 141,000 metric tonnes per annum (“MTPA”) as at March 31, 2024 and a market share of 6.5% in terms of operating income in Financial Year 2024 among integrated PEB players in India. (Source: CRISIL Report).
  • Their PEB offerings are designed, engineered and fabricated by them in accordance with customer requirements, and find use in construction for industrial, infrastructure and building (residential, commercial and non-commercial) end-use applications. They have delivered PEBs for projects ranging from multi-level warehouses for customers engaged in e-commerce to paint production lines for customers engaged in manufacturing of paints and, fast-moving consumer goods (“FMCG”) sector for setting up manufacturing units for manufacturing their products. They have also supplied large-span PEBs for indoor stadiums and customers engaged in the cement industry. During the from Financial Year 2015 to Financial Year 2024 they completed execution of 677 PEB Contracts, thereby demonstrating their extensive track record in the PEB industry.
  • They primarily manufacture their products in-house at their four manufacturing facilities ("Manufacturing Facilities”), comprising two Manufacturing Facilities in Sriperumbudur, Tamil Nadu, India (“Tamil Nadu Manufacturing Facility I” and “Tamil Nadu Manufacturing Facility II”), and one each in Pantnagar, Uttarakhand, India (“Pantnagar Manufacturing Facility”), and Kichha, Uttarakhand, India (“Kichha Manufacturing Facility”). In 2022, Company was awarded the Pre-Engineered Building Project of the Year’ award by Construction Week India, the Best Innovation PEB Project Award of the Year by BAM awards, and the Pre-Engineered Building Company of the Year award by EPC World Awards.

Issue Size : Rs. 600.29 Crores

Employee Reservation: Equity Shares aggregating up to Rs. 2 / - crores

Employee Discount: Rs. 85 per share

Issue break-up :

QIB – 50% of the net offer – Rs. 299.14 Cr.
NIB – 15 % of the net offer – Rs. 89.74 Cr.
RET – 35% of the net offer – Rs. 209.40 Cr.

Listing : BSE & NSE

Registrar : Link Intime India Private Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note:

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Wednesday, 21st August 2024.

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