Interarch Building Products Limited, one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for installation and erection of pre-engineered steel buildings has fixed the price band of ₹850/- to ₹900/- per Equity Share of face value ₹10/- each for its maiden initial public offer. The Initial Public Offering of the Company will open on Monday, August 19, 2024, for subscription and close on Wednesday, August 21, 2024. Investors can bid for a minimum of 16 Equity Shares and in multiples of 16 Equity Shares thereafter. The IPO consists of fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 44,47,630 equity shares by Promoter Selling Shareholders and Investor Selling Shareholder.
- Issue Opens: August 19, 2024
- Issue Closes: August 21, 2024
- Face Value: Rs 10 each
- Price Band: Rs 850 to Rs 900 per share
- Lot Size: 16 Shares
- Listing On: NSE SME
- Issue Size: 6,669,852 equity shares
- Issue Type: Book Built Route
- Basis of Allotment: August 22, 2024
- Initiation of Refund: August 23, 2024
- Credit to Demat: August 23, 2024
- Listing Date: August 26, 2024
The proceeds from the fresh issue, to the extent of Rs 58.53 crore for financing the capital expenditure towards setting up the Project, Rs 19.25 crore for 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, Rs 11.39 crore for funding investment in information technology assets for upgradation of existing information technology infrastructure of the Company, Rs 55 crore for funding incremental working capital requirements and General corporate purposes.
Interarch Building Products was incorporated in 1983 and has more than three decades of experience in the pre-engineered steel buildings (PEB) industry, under the brands, “TRAC®” and “TRACDEK®”. Over the years, the company has evolved into a turn-key PEB solutions provider, with integrated facilities for design and engineering, manufacture, and on-site project management capabilities for the installation and erection of PEBs supplied by the company which enable it to deliver end-to-end solutions to its customers.
Interarch’s customers under the industrial/manufacturing construction category include Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited and Addverb Technologies Limited and infrastructure construction category includes InstaKart Services Private Limited. As of March 31, 2024, Interarch Building Products’ Order Book stood at ₹ 1,153.29 crore.
Interarch Building Products Limited’s revenue from operations during the fiscal year 2024 increased to Rs 1,293.30 crore from Rs 1,123.93 crore in the previous year, primarily due to an increase in revenue generated from pre-engineered building contracts and sale of products by expanding its sales and marketing presence in West Bengal and Telangana and diversification into new sectors/industries. Profit after tax grew from Rs 81.46 crore for the Financial Year 2023 to Rs 86.26 crore for the Financial Year 2024.
