Interarch Building Products Limited – Globe Capital Market LTD.
Interarch Building Products Limited
Closed
Price Band
₹850 to ₹900 per share
IPO Issue Period
August 19, 2024 to August 21, 2024
Issue Size
₹600.29 Cr
Face value
₹10 per share
Fresh issue
₹200.00 Cr
Offer for sale
₹400.29 Cr
Minimum Shares for Retail
16 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Monday, August 26, 2024
QIB
50%
NII
15%
Retail
35%

Ambit Private Limited
Axis Capital Limited

Interarch Building Products Limited is one of the leading players in the Pre-Engineered Buildings (PEB) segment, with an aggregate installed capacity of 1.41 MTPA and a market share of 6.5% in terms of operating income in the Financial Year 2024 among integrated PEB players in India. The company’s PEBs are designed, engineered, and fabricated in accordance with customer requirements, and are used in construction for industrial, infrastructure, and building projects (residential, commercial, and non-commercial).

Between FY15 and FY24, the company successfully completed 677 PEB contracts. The company offers products through pre-engineered steel building contracts and the sale of pre-engineered steel building materials such as metal ceilings and corrugated roofing (including metal suspended ceiling systems under the brand “TRAC®”), metal roofing and cladding systems (under the brand “TRACDEK®”), and permanent/metal decking (lost shuttering) over steel framing (under the brand “TRACDEK® Bold-Rib”) and also supplies PEB steel structures and light gauge framing systems (LGFS).

The company has generated approximately 76% of its revenue from PEB contracts and around 23% from building materials in FY24.Till FY24 end, the company has order book in hand worth INR~1153 Cr.

For the year/period ended (Rs. in Cr.)

H1FY24 FY23 FY22
Total Revenue 1306.32 1136.39 840.86
Profit After Tax 86.34 81.46 17.13
EPS 58.68 54.31 11.42
OPM (%) 8.74% 9.47% 3.94%
PATM (%) 6.61% 7.09% 2.15%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Interarch Building Products Limited 1497 900 3.34 15.33 1306.32 86.34
Everest Industries Ltd. 1,687 1,068 2.78 103.36 1,575.45 18
HIL Ltd. 2,012 2,669 1.59 0 3,374.97 35.37
NCL Industries Ltd. 989 219 1.15 13.19 1,871.35 93.12

 

 

  • The Company has leadership position in Pre-Engineered Building Solutions
  • It has robust Manufacturing Capabilities & strong order book in hand
  • It has diverse Product Portfolios including customized building solution
  • Strong Client Relationships
  • High investment in R&D and Innovation to stay ahead of industry
  • Experienced Management Team
  • Scalable Business Model
  1. Financing the capital expenditure towards setting up a new PEB manufacturing unit (classified as Phase 2 of the capacity development plan at the Planned Andhra Pradesh Manufacturing Facility.
  2. Financing the capital expenditure towards the up gradation of the Kichha Manufacturing Facility, Tamil Nadu Manufacturing Facility I, Tamil Nadu Manufacturing Facility II and Pantnagar Manufacturing Facility,
  3. Funding investment in information technology (“IT”) assets for upgrading the company’s existing information technology infrastructure;
  4. Funding incremental working capital requirements; and
  5. General Corporate Purposes

Interarch Building Products Limited is a niche player in the pre-engineered building (PEB) market with a strong order book. With the government’s focus on rapid infrastructure expansion and the demand for quality solutions, the growth potential for this sector is significant. The company looks attractive on valuation metrics like Margin and Return on Nertworth, Hence, Investor may subscribe for long term perspective

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