Interarch Building Product announced the commencement of the construction of Phase 2, of its South India manufacturing facility, in Andhra Pradesh (AP). This expansion follows the successful inauguration and rapid capacity ramp-up of Phase 1 in September 2024, underscoring a significant milestone in the company's growth journey. Phase 2, designed to replicate the capacity of Phase 1, is expected to become operational by April 2025, further strengthening Interarch's production capabilities in the region. Alongside the capacity expansion at its Andhra Pradesh plant, Interarch has initiated a major upgrade at its North India manufacturing facility in Kichha, Uttarakhand. This upgrade marks the second-largest expansion in recent years, following the expansion in 2021. The enhancement will boost the plant's capability to handle multi-story buildings and heavy steel structures. With an additional installed capacity of 20,000 metric tons, the Kichha plant upgrade will play a pivotal role in supporting Interarch's growing presence in the Indian market. With the AP Phase 2 unit expected to be operational and the Kichha upgrade completed by April 2025, Interarch's total installed capacity is projected to surpass 200,000 metric tons per annum. Powered by Capital Market - Live

Net profit of Interarch Building Products rose 36.17% to Rs 20.67 crore in the quarter ended September 2024 as against Rs 15.18 crore during the previous quarter ended September 2023. Sales rose 8.55% to Rs 323.28 crore in the quarter ended September 2024 as against Rs 297.82 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales323.28297.82 9 OPM %7.816.44 - PBDT29.7622.24 34 PBT27.4420.26 35 NP20.6715.18 36 Powered by Capital Market - Live

Gulshan Polyols Ltd, Poojawestern Metaliks Ltd, Dynamic Cables Ltd and Manba Finance Ltd are among the other gainers in the BSE's 'B' group today, 23 October 2024.Interarch Building Products Ltd spiked 16.36% to Rs 1699.45 at 12:02 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 26596 shares were traded on the counter so far as against the average daily volumes of 41932 shares in the past one month. Gulshan Polyols Ltd surged 15.75% to Rs 228.95. The stock was the second biggest gainer in 'B' group. On the BSE, 1.19 lakh shares were traded on the counter so far as against the average daily volumes of 27540 shares in the past one month. Poojawestern Metaliks Ltd soared 14.79% to Rs 50.3. The stock was the third biggest gainer in 'B' group. On the BSE, 7.08 lakh shares were traded on the counter so far as against the average daily volumes of 40828 shares in the past one month. Dynamic Cables Ltd rose 14.48% to Rs 651.1. The stock was the fourth biggest gainer in 'B' group. On the BSE, 44113 shares were traded on the counter so far as against the average daily volumes of 5723 shares in the past one month. Manba Finance Ltd spurt 13.39% to Rs 165.55. The stock was the fifth biggest gainer in 'B' group. On the BSE, 49635 shares were traded on the counter so far as against the average daily volumes of 2.4 lakh shares in the past one month. Powered by Capital Market - Live

Interarch Building Products will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Interarch Building Products announced the acquisition of 51,926 sq. mts. of land in Gujarat. The land has been procured at an investment of Rs 7 crore. This strategic move is part of the company's long-term vision to expand its national footprint and meet the increasing demand for high-quality Pre-engineered buildings across the country. Interarch has successfully executed several large projects in Gujarat for customers like Asian Paints, Timken, Micron (through Tata Projects Limited), Asahi Glass, MG Motors, and many more. The company currently has four fully integrated state-of-the-art manufacturing facilities: One in Athivaram, Andhra Pradesh, One in Sriperumbudur, Tamil Nadu; One in Pantnagar, Uttarakhand; and One in Kichha, Uttarakhand. Powered by Capital Market - Live

Interarch Building Products has secured new orders worth Rs 633.5 crore in this financial year. During the first quarter, the company secured new orders of Rs 341 crore and for Q2 FY25 till 14 September 2024, the company has secured orders of Rs 293 crore. The company's order book as on 14 September 2024, stood at Rs 1,350 crore. Key orders include from those from Reliance Industries (Rs 114 crore), Ampin Solar (Rs 60 crore) and Amaraja Infra (Rs 50 crore). Powered by Capital Market - Live

Net profit of Interarch Building Products rose 4.54% to Rs 20.28 crore in the quarter ended June 2024 as against Rs 19.40 crore during the previous quarter ended June 2023. Sales rose 3.31% to Rs 303.42 crore in the quarter ended June 2024 as against Rs 293.71 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales303.42293.71 3 OPM %8.928.58 - PBDT29.4927.81 6 PBT27.3625.89 6 NP20.2819.40 5 Powered by Capital Market - Live

Interarch Building Products will hold a meeting of the Board of Directors of the Company on 12 September 2024.Powered by Capital Market - Live

Interarch Building Products announced that the Company has inaugurated its fifth PEB manufacturing plant (4 fully integrated unit) in Attivaram Village, District Nellore in the State of Andhra Pradesh. This manufacturing facility is equipped with the latest technology and has capabilities to manufacture Pre-engineered steel (PEB) structures and pre-engineered metal roofing and cladding systems. This plant will contribute significantly to the region's industrial growth. The Company inaugurated Phase 1 of the plant, which covers 4 acres of the plot and has been built at an investment of Rs 40 crore (including cost of land). The investment for phase 1 has been funded by internal accruals and will increase Interarch's installed capacity by 20,000 MT per annum. This unit has generated new job opportunities for approx. 250 people, boosting the local economy. The Company further did the groundbreaking ceremony for the Phase 2 of the plant, which covers 6 acres of the plot and will increase the company's installed capacity by 40,000 MT, increasing the overall capacity to 2 Lac MT per annum. The total plant area of phase 2 will be 2 lac Sq. Ft and is likely to be commissioned over the next 7-8 months. Phase 2 will be set up at a approximate cost of Rs 57 crore, funded through IPO proceeds. In Phase 2, the Company expects to create direct and indirect jobs for approximately 500 people. Powered by Capital Market - Live

The scrip was listed at Rs 1,291.20, exhibiting a premium of 43.47% to the issue price. So far, the stock has hit a high of 1,316 and a low of 1,227.20. On the BSE, over 4.14 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Interarch Building Products was subscribed 93.53 times. The issue opened for bidding on 19 August 2024 and it closed on 21 August 2024. The price band of the IPO was fixed between Rs 850 to Rs 900 per share. The IPO comprises offer for sale (OFS) of 44,47,630 equity shares and fresh issue of equity shares, aggregating to Rs 200 crore. Of the net proceeds from the fresh issue, about Rs 58.533 crore will be used to financing the capital expenditure towards setting up a new 40000 mtpa PEB manufacturing unit in Phase II in Andhra Pradesh, Rs 19.246 crore towards financing upgradation of the Uttarkhand and Tamilnadu manufacturing facility I and II; Rs 11.392 crore towards upgradation of existing IT infrastructure; Rs 55.00 crore towards incremental working capital requirements; and general corporate purposes. Ahead of the IPO, Interarch Building Products on 16 August 2024, raised Rs 179.48 crore from anchor investors. The board allotted 19.94 lakh shares at Rs 900 each to 20 anchor investors. Interarch Building Products (IBPL), promoted by Arvind Nanda and Gautam Suri, is a turnkey pre-engineered steel construction solution provider. It has integrated facilities for design and engineering, manufacturing, on-site project management capabilities for the installation and erection of pre-engineered steel buildings (PEB). The aggregate installed capacity stood at 141000 tonnes per annum (mtpa), spread across its four manufacturing facilities, with two located at Sriperumpudur, Tamilnadu, and on each at Pantnagar and Kichha in Uttarakhand. The firm reported a net profit of Rs 87.15 crore and sales of Rs 1293.30 crore for the twelve months ended on 31 March 2024. Powered by Capital Market - Live