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Interarch Building Products, a leading provider of pre-engineered steel construction solutions, is set to embark on a significant growth trajectory through its upcoming initial public offering (IPO). The company aims to raise a substantial ₹600 crore, with ₹200 crore allocated towards strategic expansion initiatives and enhancing working capital. The remaining ₹400 crore will be raised through an offer for sale by the promoter and a private equity firm, marking the end of their 17-year investment journey in the company.
The infusion of capital from the IPO will play a pivotal role in propelling Interarch's growth ambitions. The allocated ₹200 crore will be directed towards expanding the company's manufacturing facilities, allowing it to meet the burgeoning demand for pre-engineered steel construction solutions in India. This expansion will also bolster the company's production capacity, enabling it to cater to a wider customer base and strengthen its market position.
The IPO also signifies a major milestone for the promoter and the private equity firm, marking their exit from Interarch after a significant investment period. The successful completion of the IPO will provide them with the opportunity to monetize their holdings and reap the rewards of their long-term commitment to the company's growth. It is also a testament to the company's solid financial performance and its potential for continued success in the years to come.
Source: Interarch a proxy to ride manufacturing capex rebound