IPO Details
Bidding Dates
19 Aug 24 - 21 Aug 24
Price Range ₹
850 - 900
Total Equity
₹ 422.24Cr
Lot Size
16
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
19.11×
Qualified Institutional Buyers
205.41×
Employees
24.19×
Retail Investors
19.11×
Total subscription Rate
93.53×
IPO Timeline
Offer start
19 Aug 2024
Offer end
21 Aug 2024
Allotment
22 Aug 2024
Refund initiation
23 Aug 2024
Demat transfer
23 Aug 2024
Listing
26 Aug 2024
Offer start
19 Aug 2024
Offer end
21 Aug 2024
Allotment
22 Aug 2024
Refund initiation
23 Aug 2024
Demat transfer
23 Aug 2024
Listing
26 Aug 2024
About Company
Incorporated in 1983, Interarch Building Limited is a key player in India's pre-engineered steel construction sector, providing comprehensive turnkey solutions. The company offers end-to-end services, including design, engineering, manufacturing, and on-site project management for the installation of pre-engineered steel buildings (PEB). As of March 31, 2023, Interarch Building Limited held the second-largest installed capacity in the industry, with 141,000 metric tonnes per year, and captured a 6.1% market share in operating income among integrated PEB providers in India. The company's product offerings include pre-engineered steel building contracts ("PEB Contracts") and the sale of PEB materials, such as metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems. Interarch Building Limited's clientele in the industrial and manufacturing sectors includes notable names like 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 operates four manufacturing facilities, with two located in Sriperumbudur, Tamil Nadu, and one each in Pantnagar and Kichha, Uttarakhand. These facilities are ISO 9001:2015 certified for Quality Management Systems. Interarch Building Limited has a presence in various regions, with sales and marketing teams based in Chandigarh, Punjab, Haryana, Lucknow, Uttar Pradesh, Coimbatore, Tamil Nadu, Bhubaneshwar, Odisha, and Raipur, Chhattisgarh. As of September 30, 2023, the company’s in-house design and engineering team consists of 111 qualified structural design engineers and detailers, who have an average of 8.05 years of experience with the company.
Year Founded
30-11-1983
Promotor Details
Sonali Bhagwati Dalal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 87.53 | 59.9 |
| Share Capital | 12618192 | 9968162 |
Offer to Public
46,91,585.00 Cr
Highlights
- Interarch Building Limited has solidified its reputation as a leading provider of pre-engineered buildings (PEB) in India. With a significant market share of 6.1% in operating income among integrated PEB players and the second-highest installed capacity of 141,000 metric tonnes per year, the company is well-positioned to capitalize on the expanding demand for pre-engineered steel construction in the country.
- The company’s operations are highly integrated, encompassing in-house design and engineering, manufacturing, and on-site project management. This vertical integration, supported by a robust sales and marketing team, ensures a seamless delivery of PEB projects from conception to completion, enhancing operational efficiencies and project execution.
- Interarch Building Limited boasts a strong track record in executing pre-engineered steel building projects. The company has established long-standing relationships with a diverse and significant customer base, including industry giants such as Grasim Industries Limited, Berger Paints India Limited, and Blue Star Climatech Limited. This diversification mitigates risk and provides a stable revenue stream.
- The company has consistently demonstrated solid financial performance, backed by a healthy order book that reflects strong demand for its services. The financial stability and growth trajectory of Interarch Building Limited position it favorably to continue expanding its market presence and investing in future growth initiatives.
- Interarch Building Limited is poised to leverage industry tailwinds by expanding and upgrading its manufacturing facilities. The company is also focused on expanding its geographical footprint to tap into strategic markets both in India and overseas. By continuing to invest in technology infrastructure, the company aims to enhance its in-house design and engineering capabilities, further improving operational efficiencies and customer satisfaction.
Challenges
- Interarch Building Limited's business and profitability are heavily reliant on the availability and cost of raw materials, particularly steel. Any disruption in the supply chain or fluctuations in raw material prices could significantly impact the company's operations, financial health, and cash flow.
- The company faces potential risks related to the under-utilization of its manufacturing capacities. Inability to fully utilize existing or expanded manufacturing facilities could negatively affect the company's business outlook, financial performance, and future growth prospects.
- Interarch Building Limited depends on a select group of third-party suppliers for its raw materials. The lack of long-term or exclusive supply agreements heightens the risk of supply disruptions, which could adversely affect the company’s operations, financial condition, and cash flows.
- A significant portion of the company's revenue is derived from repeat orders from existing customers or customer groups. Any reduction in repeat orders or loss of key customers could substantially harm the company's business, financial condition, and cash flow. Moreover, the company’s reliance on a few customer groups poses a risk if these customers decide to cancel, modify, or delay their orders.
- The company’s manufacturing facilities are concentrated in Tamil Nadu and Uttarakhand. This geographical concentration exposes the company to risks related to social, political, economic, or seasonal disruptions in these regions. Any such disruptions could severely impact the company’s operations, financial condition, and overall business performance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 5,520.67 | 150.01 | 4,13,51,110.00 | 4,13,51,110.00 | 2.7566 |
| 2021 | 4,728.94 | 150.01 | 39,63,61,056.00 | 39,63,61,056.00 | 26.423 |
| 2023 | 6,987.88 | 150.01 | -7,90,04,880.00 | -7,90,04,880.00 | -5.2668 |
| 2020 | 4,07,58,04,420.00 | 15,00,06,000.00 | 89,22,749.00 | 89,22,749.00 | 0.5948 |
| 2019 | 3,93,23,01,820.00 | 15,00,06,000.00 | 39,63,61,056.00 | 39,63,61,056.00 | 26.423 |
