The IPO floated by Interarch Building Products is a book-built issue. The target is to mop up a total amount of Rs 600.29 crore. The bidding process for subscription has opened on August 19 and will remain open till Wednesday, August 21, 2024. The allotment is expected to take place on August 22, 2024. The shares are supposed to list on August 26 BSE and NSE.
Interarch Building IPO Price, subscription
The price band has been fixed at Rs 850-900 per equity share. A retail investor can apply for a minimum of 16 shares, which would entail an amount of Rs 14,400. All applications should be in the multiples of 16 shares.
Interarch Building GMP
The Grey Market Premium (GMP) of Interarch Building Products on August 20 is Rs 335. Incidentally, a positive GMP premium indicates that the IPO is likely to be listed at profit while negative GMP indicates that the IPO is likely to be at a discount.
OFS and fresh shares
The IPO consists of two parts – one, fresh issue of 0.22 crore shares valued at Rs 200.00 crore and OFS (Offer For Sale) of 0.44 crore shares of Rs 400.29 crore.
Revenue and profits
The revenue of Interarch Building Products stood at Rs 834.94 crore in FY22. It rose to Rs 1,293.30 crore in FY24. This translates to a compounded annual growth rate of 24.46%. The profit after tax (PAT) of the company stood at Rs 86.26 crore in FY24, up from Rs 81.46 crore in FY23 and Rs 17.13 crore in FY22.
Business of the company
Interarch Building Products Limited is regarded as one of the prominent turnkey providers of pre-engineered steel construction solution. The company has integrated facilities for different services and products. These are in design and engineering, manufacturing, and onsite project management for installation of pre-engineered steel buildings.
“Interarch Building Products has established a strong market position as a turnkey pre-engineered steel construction solutions provider. Its integrated manufacturing operations and proven execution capabilities, coupled with a diverse customer base, position the company for continued growth… However, reliance on a limited number of third-party suppliers, absence of long-term customer agreements, and significant working capital requirements pose potential challenges,” a brokerage observed.
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Interarch Building Products IPO: The company is a turnkey pre-engineered steel construction solutions provider with integrated manufacturing operations. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
