Interarch Building Products Limited stands as a leading player in India’s pre-engineered steel construction industry. The company offers comprehensive solutions in design, engineering, manufacturing, and on-site project management for pre-engineered steel buildings (PEB). Established with a focus on turnkey solutions, Interarch has become a prominent name in the sector.

Interarch Building Products Limited IPO Allotment Status
Interarch IPO allotment date is 23 August, 2024, Friday. Interarch IPO Allotment will be out on 23rd August 2024 and will be live on Registrar Website from the allotment date. Check Interarch Building Products Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Interarch Building Products Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
 

IPO Details and Subscription Information

The Interarch Building Products IPO is a book-built issue totaling ₹600.28 crores. This includes a fresh issue of 2.22 lakh shares worth ₹200.00 crores and an Offer for Sale of 4.44 lakh shares amounting to ₹400.28 crores. The share price band is set between ₹850 and ₹900 per equity share, with a minimum lot size of 16 shares. Retail investors must invest a minimum of ₹14,400, while High-Net-Worth Individuals (HNIs) are required to invest in at least 14 lots (224 shares), totaling ₹201,600.

The subscription period for this IPO is from August 19, 2024, to August 21, 2024. The shares are expected to be allotted on August 23, 2024, with a tentative listing date on August 26, 2024, on the BSE and NSE.

Grey Market Premium and Market Sentiment

The Grey Market Premium (GMP) for the Interarch Building Products IPO is anticipated to range between ₹400 and ₹450. GMP provides an informal gauge of market sentiment and expected listing gains, reflecting the demand for the IPO shares before official listing. While GMP offers some insight into potential gains, it is based on unregulated trading and should be considered with caution.

Financial Performance and Valuation

Interarch Building Products has demonstrated robust financial growth. The company’s revenue increased from ₹8,408.57 million in FY22 to ₹13,063.15 million in FY24, reflecting a steady upward trajectory. EBITDA also saw significant growth, rising from ₹328.89 million in FY22 to ₹1,130.15 million in FY24, showcasing strong operational performance. The Profit After Tax (PAT) increased from ₹171.33 million in FY22 to ₹862.62 million in FY24, indicating healthy profitability.

For the Interarch IPO, the company is issuing shares with a pre-issue EPS of ₹58.68 and a post-issue EPS of ₹51.84. The pre-issue P/E ratio stands at 15.33x, while the post-issue P/E ratio is 17.36x, compared to the industry average P/E ratio of 65.56x. The company's Return on Capital Employed (ROCE) for FY24 is 25.79%, and Return on Equity (ROE) is 19.40%, suggesting that the IPO is fairly priced relative to industry standards.

Objectives of the IPO

The proceeds from the IPO will be utilized as follows:

Capital Expenditure for New Manufacturing Unit: ₹585.33 million will be invested in setting up a new PEB manufacturing unit in Andhra Pradesh, marking Phase 2 of the company’s capacity development plan.

Upgradation of Existing Facilities: ₹192.46 million will be allocated for upgrading the Kichha, Tamil Nadu Manufacturing Facility I and II, and Pantnagar Manufacturing Facility.

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Investment in IT Assets: ₹113.92 million will be used to upgrade the company’s IT infrastructure.

Incremental Working Capital: ₹550.00 million will be designated for funding increased working capital requirements.

General Corporate Purposes: Remaining funds will be used for general corporate needs.

Investment Recommendation

Given the company's strong financial performance and the attractive Grey Market Premium, the Interarch Building Products IPO presents a compelling investment opportunity. The solid revenue growth, operational efficiency, and reasonable valuation make it a favorable option for both listing gains and long-term investment. Investors are advised to consider their financial goals and consult with experts before participating in the IPO.

Conclusion

The Interarch Building Products Limited IPO offers a significant opportunity for investors, backed by impressive financial metrics and a strong market outlook. For detailed information, refer to the company’s Red Herring Prospectus (RHP) and seek professional advice to make well-informed investment decisions.

Check latest IPO Review & analysis, Live GMP today, Live Subscription Status Today, Share Price, Financial Information, latest IPO news, Upcoming IPO News before applying in the IPO. The Upcoming IPOs in this week and coming weeks are Brace Port Logistics Limited, Forcas Studio Limited, Interarch Building Products Limited. The current active IPO is Broach Lifecare (Maple) Hospital Limited, Solve Plastic Products Limited

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