- Status:Upcoming
Minimum Investment
IPO Details
- Open Date
27 Aug 2024
- Close Date
29 Aug 2024
- IPO Price Range
₹ 427 to ₹ 450
- IPO Size
₹ 2,830.40 Cr
- Listing Exchange
BSE, NSE
- Listing Date
03 Sep 2024
27 Aug 2024
29 Aug 2024
₹ 427 to ₹ 450
₹ 2,830.40 Cr
BSE, NSE
03 Sep 2024
Premier Energies IPO is set to open on 27 August 2024 and will close on 29 August 2024. The company is engaged in the manufacturing of integrated solar cells and solar panels.
The IPO includes a fresh issue of 2,86,97,777 shares aggregating up to ₹1,291.40 Cr and it also includes an offer for sale of 3,42,00,000 shares aggregating up to ₹1,539 Cr. The price range is ₹427 to ₹450 per share and the lot size is 33 shares.
The allotment is scheduled to be finalized on 30 August 2024. It will go public on BSE and NSE, with a tentative listing date of 03 September 2024.
Kotak Mahindra Capital Company Ltd, J.P. Morgan India Private Ltd and ICICI Securities Ltd are the book-running lead managers, while Kfin Technologies Ltd is the registrar.
IPO Timeline
Premier Energies IPO is set to open on 27 August 2024 and will close on 29 August 2024. The company is engaged in the manufacturing of integrated solar cells and solar panels.
The IPO includes a fresh issue of 2,86,97,777 shares aggregating up to ₹1,291.40 Cr and it also includes an offer for sale of 3,42,00,000 shares aggregating up to ₹1,539 Cr. The price range is ₹427 to ₹450 per share and the lot size is 33 shares.
The allotment is scheduled to be finalized on 30 August 2024. It will go public on BSE and NSE, with a tentative listing date of 03 September 2024.
Kotak Mahindra Capital Company Ltd, J.P. Morgan India Private Ltd and ICICI Securities Ltd are the book-running lead managers, while Kfin Technologies Ltd is the registrar.
1. Investment in the Subsidiary, Premier Energies Global Environment Private Limited for part-financing the establishment of a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad.
2. General corporate purposes.
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 2,830.40 |
| Offer for sale | 1,291.40 |
| Fresh issue | 1,539.00 |
Founded in 1983, Interarch Building Limited specializes in delivering comprehensive turnkey solutions for pre-engineered steel construction in India. The company provides an integrated suite of services, encompassing design, engineering, manufacturing, and on-site project management for the installation and erection of pre-engineered steel buildings (PEBs).
As of March 31, 2023, Interarch held the position of the second-largest industry player in terms of installed capacity, boasting a capacity of 141,000 metric tonnes per year. In the financial year 2023, the company captured a 6.1% market share in operating income among integrated PEB companies in India.
Interarch’s product offerings include contracts for the construction of pre-engineered steel buildings and the sale of related materials. These materials consist of metal ceilings, corrugated roofing, PEB steel structures, and light gauge framing systems.
The company’s customer base spans various sectors, with prominent clients in the industrial and manufacturing construction categories such as Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited, and Addverb Technologies Limited. In the infrastructure construction category, InstaKart Services Private Limited is among its key clients.
Interarch operates four manufacturing facilities, two of which are located in Sriperumbudur, Tamil Nadu, and the other two in Uttarakhand, specifically in Pantnagar and Kichha. The company’s sales and marketing teams are strategically located in Chandigarh, Punjab, and Haryana; Lucknow, Uttar Pradesh; Coimbatore, Tamil Nadu; Bhubaneshwar, Odisha; and Raipur, Chhattisgarh.
All of Interarch’s manufacturing facilities are ISO 9001:2015 certified for Quality Management Systems. As of September 30, 2023, the company’s in-house design and engineering team comprises 111 skilled structural design engineers and detailers, each with an average of 8.05 years of experience with the company.
Peers
1. Everest Industries Ltd
2. Pennar Industries Ltd
Interarch Building Products IPO SWOT Analysis
Strengths
1. Interarch Building Limited has been in operation since 1983, giving it a long-standing presence and strong reputation in the Indian pre-engineered steel construction industry.
2. The company is well-positioned to meet large-scale demand.
3. The company serves a wide range of customers across industrial, manufacturing, and infrastructure sectors.
4. Interarch provides a full range of services from design and engineering to manufacturing and on-site project management, which allows for better control over the quality and timelines of projects.
5. All manufacturing facilities are ISO 9001:2015 certified, underscoring the company’s commitment to quality management.
Risks
1. Interarch operates in a highly competitive industry with several players vying for market share.
2. The company’s performance is closely tied to the economic and construction industry cycles.
3. A significant portion of revenue may be dependent on key clients.
4. The construction industry is highly dependent on the timely supply of raw materials.
5. Operating in multiple states, the company is subject to various local and national regulations.
FAQs
Contact Information
Interarch Building Products
Interarch Building Products Limited
Farm No. 8, Khasara No. 56/23/2,
Dera Mandi Road
Mandi Village, Mehrauli, New Delhi -110047,
Phone: +91-12041 70200
Email: compliance@interarchbuildings.com
Website: https://www.interarchbuildings.com/
Interarch Building Products IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: interarch.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Interarch Building Products IPO Lead Manager
1. Ambit Private Limited
2. Axis Capital Limited
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