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    Interarch IPO listed @ Rs. 1299

    interarch building IPO gmp

     

     

     

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    Table of Contents

    • GMP
    • Reviews
    • Subscription
    • Allotment

    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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