Interarch Building Products IPO: Check Anil Singhvi's view before subscribing

Interarch Building Products IPO Subscription: Bids for 5,08,30,992 shares

Interarch Building Products IPO Subscription: The Rs 600 crore initial share sale got bids for 5,08,30,992 shares against 46,91,585 shares on offer, as per NSE data.

Interarch Building Products IPO Subscription: Anil Singhvi's view

Interarch Building Products IPO Subscription: According to Zee Business Managing Editor Anil investors should apply for reasonable listing gains and with a long-term perspective. 

Interarch Building Products IPO Subscription: Positives

Interarch Building Products IPO Subscription: Some of the positives of the company

 

- Experienced promoters

- Impressive revenue and profit growth for the last 3 years

- Strong order book and execution

- Strong growth prospects due to expansion in Gujarat and Andhra Pradesh

- Positive cash flows Reasonable valuations

Interarch Building Products IPO Subscription: Negatives

Interarch Building Products IPO Subscription: Negatives

 

Interarch Building Products IPO Subscription: Some of the negatives of the company

- Huge competition from the unorganized sector

- Low-capacity utilization at 60 per cent

Interarch Building Products IPO: Price Band

Interarch Building Products IPO: Construction solutions provider Interarch Building Products Ltd has fixed a price band of Rs 850-900 per share for its Rs 600-crore initial public offering (IPO).

Interarch Building Products IPO: Subscriptions Dates

Interarch Building Products IPO: The IPO opened for subscription on August 20 and will open till August 21, 2024.

Interarch Building Products IPO: Allotment

Interarch Building Products IPO: The allotment is expected on Thursday, August 22, 2024.

Interarch Building Products IPO: Listing Dates

Interarch Building Products IPO: The listing of shares is expected on Monday, August 26, 2024.

Interarch Building Products IPO: Minimum bid

Interarch Building Products IPO: Investors can bid for a minimum of 16 equity shares and in multiples of 16 equity shares thereafter.

Interarch Building Products IPO: What does the company do?

Interarch Building Products IPO: Interarch Building Products is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for installation and erection of pre-engineered steel buildings.

Interarch Building Products IPO: Order Book

Interarch Building Products IPO: As of March 31, 2024, Interarch Building Products' order book stood at over Rs 1,153 crore. The company's revenue from operations during the fiscal year 2024 increased to Rs 1,293.30 crore from Rs 1,123.93 crore in the previous year and profit after tax grew to Rs 86.26 crore from Rs 81.46 crore.

Interarch Building Products IPO: Book-running lead managers

Interarch Building Products IPO: Ambit Pvt Ltd, and Axis Capital Ltd are the book-running lead managers to the issue. The equity shares are proposed to be listed on BSE and NSE.