Interarch Building Products IPO

About Interarch Building Products Limited

Interarch Building Products Limited is one of India's leading providers of turnkey pre-engineered steel construction solutions. The company offers a comprehensive range of services, including design, engineering, manufacturing, on-site project management, and installation of pre-engineered steel buildings (PEBs). Interarch was ranked third in terms of operating revenue from PEB business in the Financial Year 2023 and held the second-largest aggregate installed capacity in the sector as of March 31, 2024, with a market share of 6.5%.

Interarch's PEBs are custom-designed to meet customer requirements and serve various sectors, including industrial, infrastructure, and building (residential, commercial, and non-commercial) applications. The company has a strong track record, completing 677 PEB contracts between the Financial Year 2015 and 2024. These projects range from multi-level warehouses for e-commerce to manufacturing units for the FMCG sector and large-span PEBs for indoor stadiums and the cement industry.

Four manufacturing facilities support the company's operations, with a total installed capacity of 141,000 metric tonnes per annum. Additionally, three design and engineering centers ensure that the PEBs meet the highest standards of efficiency and compliance. Interarch's commitment to quality and innovation has been recognised through multiple awards, including the 'Pre-Engineered Building Project of the Year' in 2022.

With plans to expand its manufacturing capacity further. The company's experienced management team continues to drive its success in the competitive market.

Industry Outlook

1. India's infrastructure investment is set to increase significantly, with expected spending of ₹51-53 trillion between Financial Years 2025-2029, compared to ₹29-31 trillion in the previous five years. This boost in infrastructure, driven by initiatives like the National Infrastructure Pipeline, will lead to greater demand for pre-engineered buildings (PEBs).
2. The shift to a hub-and-spoke warehousing model, particularly after GST implementation, is expected to drive demand for large, modern PEB warehouses. This realignment presents major opportunities for Interarch Building Products Limited, enabling it to capitalise on the growing need for advanced warehousing solutions across India.
3. With the building and construction sector projected to grow at 4-6% in the Financial Year 2025 and total investments rising to ₹18-19 trillion by the Financial Year 2029, Interarch Building Products Limited can benefit significantly from this expansion.

Interarch Building Products IPO Objectives

The funds raised from the issue will be allocated for the following purposes:

1. Allocate ₹585.33 million to establish a new PEB manufacturing unit in Andhra Pradesh, enhancing its production capacity.
2. Invest ₹192.46 million to modernise its Kichha, Tamil Nadu I & II, and Pantnagar manufacturing facilities for improved efficiency.
3. A total of ₹113.92 million is earmarked for upgrading the company's information technology systems, which will ensure better operational support.
4. ₹550 million will be directed towards boosting the company’s working capital, supporting its day-to-day operations.
5. The remaining funds will be used for general corporate purposes.

Peer Details

The following are the listed peers of Interarch Building Products Limited:

1. Everest Industries Limited
2. Pennar Industries Limited

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Contact Details of Interarch Building Products Limited

Registered office: Farm No. 8, Khasara No. 56/23/2, Dera Mandi Road, Mandi Village, Mehrauli, New Delhi 110 047, Delhi, India

Phone: +91-12041 70200

E-mail: compliance@interarchbuildings.com