Interarch Building Products IPO
Interarch Building Products IPO — date, price band, lot size & details 2024
Interarch Building Products listed on 26 Aug 2024 at ₹1,299, 44.3% above the ₹900 issue price.
Interarch Building Products makes and installs pre-engineered steel buildings and steel structures for industrial and infrastructure clients. Its total income was Rs 1,306.32 crore in FY2024.
Stock price
Interarch Building Products is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 19 Aug 2024
- Close 21 Aug 2024
- Allotment 22 Aug 2024
- Refund/credit 23 Aug 2024
- Listing 26 Aug 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 Aug, 2024 |
|---|---|
| Price Band | ₹850 – ₹900 |
| Face Value | ₹10 |
| Lot Size | 16 Shares |
| Issue Size | ₹600.29 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 85.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 16 shares at the ₹900 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 16 | ₹14,400 |
| Retail (max) | 13 | 208 | ₹1,87,200 |
| S-HNI (min) | 14 | 224 | ₹2,01,600 |
| S-HNI (max) | 69 | 1,104 | ₹9,93,600 |
| B-HNI (min) | 70 | 1,120 | ₹10,08,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 840.86 crore in FY2022 to Rs 1,306.32 crore in FY2024.
- 02Profit after tax rose from Rs 17.13 crore in FY2022 to Rs 86.26 crore in FY2024.
- 03Borrowing was very low at Rs 10.20 crore on 31 March 2024.
- 04The pre-issue P/E was 15.04 at the upper band of Rs 900, based on EPS of Rs 59.84.
- 05Net worth grew from Rs 262.65 crore on 31 March 2022 to Rs 387.50 crore on 31 March 2024.
Risks · 5
- 01Rs 400.15 crore of the Rs 600.29 crore issue was offer for sale.
- 02Steel prices drive costs, and the source puts the PAT margin at 7.20%.
- 03Orders depend on industrial and warehouse capex cycles, and profit rose only slightly from Rs 81.46 crore in FY2023.
- 04The new plant needs Rs 58.53 crore and carries project risk.
- 05Promoters and the promoter group held 87.53% before the issue and 59.9% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Interarch Building Products offer document.
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 755.01 | 675.03 | 543.75 |
| Total Income | 1,306.32 | 1,136.39 | 840.86 |
| Profit After Tax | 86.26 | 81.46 | 17.13 |
| NET Worth | 387.50 | 343.80 | 262.65 |
| Total Borrowing | 10.20 | 11.38 | 3.36 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Interarch Building Products RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Interarch Building Products IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹59.84 | ₹51.85 |
| P/E Ratio (x) | 15.04 | 17.36 |
| Market Cap at Offer Price (₹ Cr) | ₹1,297.36 | ₹1,497.28 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹900 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹187.21 Cr of the issue is earmarked to named objects.
About the company
Its manufacturing facilities include units at Kichha and Pantnagar in Uttarakhand and two in Tamil Nadu.
Its promoters are Arvind Nanda, Gautam Suri, Ishaan Suri and Viraj Nanda.
The IPO was Rs 600.29 crore, with Rs 200.14 crore of fresh issue and Rs 400.15 crore of offer for sale by promoters, promoter group members and investors. Rs 58.53 crore was planned for a new project, Rs 19.25 crore for upgrading existing plants and Rs 55.00 crore for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Interarch Building Products IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Ambit Capital
16 issues handledBest listing: Chemcon Speciality Chemicals (+115.0%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Interarch Building Products?
The current Grey Market Premium is ₹320, or 36% over the issue price.
What is the Interarch Building Products IPO price band?
₹850 to ₹900, on a face value of ₹10.
When is the allotment?
The basis of allotment is 22 August 2024, with listing on 26 August 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
