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Interarch IPO listed @ Rs. 1299

interarch building IPO gmp

 

 

 

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What is the latest news relating to Interarch Building IPO?   
On 26th August 2024, the shares of the company are listed at Rs. 1299, premium of 44.33% over the issue price. The listing has been above the expectations of the grey market.

What is the latest GMP of Interarch Building IPO?

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What is the subscription status of Interarch Building IPO?

Interarch IPO Subscriptions (Closed)

Price Rs. 900 Lot 16 shares, Rs. 600.29 Crore

QIB B HNI X S HNI X NII X RII X Total X
197.29 148.31 96.11 130.91 19.46 93.79
Applications: 24,37913 / (16.77x)
Amount wise Bids recd. Rs. 56301.20 Crore

 

What is the promoter of Interarch Building IPO?   

ARVIND NANDA, GAUTAM SURI, ISHAAN SURI AND VIRAJ NANDA are the promoter of the Interarch Building Products IPO

What are the Objects of Interarch Building IPO?

The Offer comprises the Fresh Issue and the Offer for Sale.
The company proposes to utilise the Net Proceeds towards funding the following objects:
1. financing the capital expenditure towards setting up a new PEB manufacturing unit (classified as Phase 2 of our capacity development plan at the Planned Andhra Pradesh Manufacturing Facility) (“Project”)
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;
3. funding investment in information technology (“IT”) assets for upgradation of existing information
technology infrastructure of our Company;
4. funding incremental working capital requirements; and
5. general corporate purposes.

What is the business of Interarch Building?

Interarch Building Products is 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”). It was ranked third in terms of operating revenue from PEB business in the Financial Year 2023 among integrated PEB players in India.

The Company further had the second largest aggregate installed capacity of 141,000
metric tonnes per annum (“MTPA”) as of March 31, 2023 and a market share of 6.1% in terms of operating
income in Financial Year 2023 among integrated PEB players in India. Its PEB offerings are designed, engineered and fabricated by us in accordance with customer requirements, and find use in construction for industrial, infrastructure and building (residential, commercial and non-commercial) end-use
applications. It has 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.

It has also supplied large-span PEBs for indoor stadiums and customers engaged in the cement industry. During the period from Financial Year 2015 to Financial Year 2023 and the six months ended September 30, 2023, it completed execution of 623 PEB Contracts, thereby demonstrating its extensive track record in the PEB industry.

PEB industry & product portfolio

The Indian PEB industry is expected to grow at a CAGR of 10.5-11.5% CAGR over Financial Year 2023
Financial Year 2028, and its extensive track record, domain experience, established brand presence and market position, paired with its in-house design and engineering, manufacturing, supply, and on-site project management capabilities for the installation and erection of PEBs supplied by it, position it to
benefit from such growth.
The company offers its PEBs by way of: (a) pre-engineered steel building contracts (“PEB Contracts”), wherein it provides complete PEBs on a turn-key basis to its customers, and as a part of which, it also provides on-site project management expertise for the installation and erection of PEBs supplied by it at the customers’ sites; and (b) sale of pre-engineered steel building materials (“PEB Sales”), which includes

(i) sale of metal ceilings and corrugated roofing (comprising metal suspended ceiling systems (under the brand, “TRAC®”), metal roofing and cladding systems (under the brand, “TRACDEK®”) and permanent/metal decking (lost shuttering) over steel framing (under the brand, “TRACDEK® Bold-Rib”)); (ii) supply of PEB steel structures (comprising, amongst other things, primary and secondary framing systems; as well as complete PEBs, such as non-industrial PEB buildings for non-industrial use, such as farmhouses and residential buildings (under the brand, “Interarch Life”)) for erection and installation by third party builders/erectors, and (iii) light gauge framing systems (“LGFS”).

For more information, click www.interarchbuildings.com 

Ola Electric IPO

Interarch Building IPO GMP grey market premium, review, Subscription, allotment, listing

Interarch Building IPO Details 

IPO opens on  19 August 2024 
IPO closes on  21 August 2024 
Issue Type Book Built Issue IPO
Issue Size 6669852 Shares /
Rs 600.29 Cr
* Fresh Issue 2222222 Shares /
Rs 200 Cr
* Offer for Sale  44,47,630 Shares /
Rs 400.29 Cr
   
Face Value per share: Rs. 10
Price Band  Rs. 850-900
Retail Discount  Rs 0 per share
Employee discount  Rs. 0 per share
Retail Lot Size  16 Shares
Listing will at  BSE, NSE
Shares offered in Interarch Building? Shares Rs. in Cr
QIB (50 %)  3334926 300.15
NII (15 %)  1000446   90.04
RII (35 %)  2334448 210.10
Employees/ Shareholders 
Total Shares  6669852 600.29
Retail portion will be oversubscribed by  ? Forms.
How to apply in Interarch Building IPO ? Amount
Rs.
Min Retail Application 16
Shares
    14400
Max Retail Application  208 Shares   187200
Small HNI (Min) application  224 Shares   201600
Small HNI (Max) application 1104 Shares   993600
Big HNI Application 1120 Shares 1008000

What is the timetable of Interarch Building IPO?

IPO opens on 19 August 2024
IPO Closes on 21 August 2024
IPO Allotment on  22 August 2024
Unblocking of ASBA  23 August 2024
Credit of Shares 23 August 2024
Listing on 26 August 2024
Registered Office of Interarch Building
Farm No. 8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Mehrauli, New Delhi 110 047 Delhi, India
Who are the Lead Managers of Interarch Building IPO?
Ambit Private Limited
Axis Capital Limited
Registrar to IPO
Link Intime India Private Limited

Interarch Building IPO Financial & Analytical Ratios

Year Total Income Net Profit EPS RoNW
  Rs. in Cr Rs.in Cr Rs. %
2021-22   834.94 17.13 11.42 6.52
2022-23 1123.93 81.46 54.31 23.69
2023-24 1293.30 86.26 58.68 22.26
Book Value of the
Share on 31.03.2024
Rs. 268.80    
BV of the Share after the IPO Rs. 353.06    
Offer Price at Cap Rs.  900    

Interarch Building IPO
Ratio Analysis

Price /EPS 15.34
Price/Book Value  3.35
Price/BV after IPO  2.55

How Interarch Building IPO compares with the Peers?

Peer Comparison.

As on date of DRHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Crore  
Interarch Build Pro. 10 1293.30 15.34
Everest Industries 10 1575.45 105.95
Pennar Industries 5 3130.57 25.16
       
       
       
       
       

# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Interarch Building IPO Guidance

This is the much-awaited IPO. Soon, we will provide our guidance.

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