Interarch Building Products Limited IPO Message Board (Page 14)

upstox shni q bharne nai de rahe yar
kya karu plz tell

how to use asba
and zerodha me sir shni application upi apply ki thi but madate galti se galat pin enter hone se fail ho gai ab application cancle nai ho rai kya karu

Leave the application as it is, it will not be counted if funds are not blocked.

Zerodha customer can apply in IPO using the ASBA facility by visiting the online banking portal of the bank they have an account with. A customer has to fill in Zerodha Demat account-related information manually while applying for online IPO's through the bank.

Which has better chances of allotment ?
SHNI - 15 lots or Retail 13 lots

​@InvestBright In mainboard IPO, if issues is oversubscribed - it makes sense to bid for min lot in any segment. sHNI, if allotted will give you more shares but allotment is tough compared to retail.

​@InvestBright If you got 2 Acs, i will apply
One lot retail and one SHNI ..

If you got more Acs, lets say 6 or 7, i will apply all retail, one lot..

Assuming you got funds for 15 lots only...

As explained by others,
Allotment chances more in retail
Gains more in SHNI and BHNI..

Ultimately, yiur choice..

Anyone from bangalore

Application wise approximately..

Off-topic

​@Admin @ Chittorgarh.com 
Please add Sammaan Capital (Indiabulls Hsg Fin) to Rights issue list. Rights issue came in Feb, but it was partly paid. Final balance amount called now. Issue closes tomorrow if I remember correctly.

Greetings,

The rights issue link for Indiabulls Housing Finance Feb 2024 - https://www.chittorgarh.com/rights-issue/indiabulls-housing-finance-rights-issue-2024/218/
In LOF, the name of the company has been given as Indiabulls Housing Finance Limited, hence it is kept as such.

Thanks for the feedback.

​@Prachi @ Team Chittorgarh.com ji, what I meant is that it was only partly paid then, and balance amount is called for now.
If a shareholder doesn't pay the balance amount now then the partly paid rights shares might stand forfeited.
So, I thought it might be useful for rights shareholders

Tata tech and Bajaj housing finance are approx similar size ipo, and both group are invester friendly, IPO subscription will be same according to tata technologies, I will prefer 1 sh.quota of 2 lac and retail application in Bajaj housing finance, I am very bullish on Bajaj group,I have my all alloted share in Tata technology and will be hold of Bajaj housing finance allotted shares

approx similiar size ipo ????????

konsi math laga rahe ho
tata twch was 3k
bajaj hos 7k

kese same hai please logic explain kardo

Sorry, double hai ipo size

Those who have questions regarding SH quota, it's allotment process, valid applications, etc.,

Please check BOA of TATA TECH and BLSE, and also go through it's message/comments where all such questions has been answered. You may also find helpful answers to questions unknown to you.
Link for your reference
Tatatech : https://www.chittorgarh.com/ipo/tata-technologies-ipo/1418/

BLSE : https://www.chittorgarh.com/ipo/bls-e-services-ipo/1632/

🙏

Hello guys,
does anyone got small hni application applied through zerodha+phonepe sbi upi?
I have applied more than 15 shni and 10 retails through ASBA mode and got only 1 allotment through asba that in retail.
is it just my luck or am i doing something wrong? kindly guide
retail application through upi has better score for me than through asba.

Nothing wrong only game of luck

​@COOPER ASBA or UPI these are just different modes of creating hold on funds..

Allotment chances depend on mostly luck nowadays...

Try applying from more Acs and in less oversubscribed category in mainboard..

In SMEs more Acs and also more lots in each Ac is the way to go..

All the best..👍👍

Expected BNII application wise 10-11x

Retail 12-15x

RII

My calculations of subscription was close

Here is the data of subscription wise application

1 shni + 4retail (1 each fom 4 different account)
OR
3 retail from every 6 diff. Account
??

Once upon a time CG used to discuss about ongoing IPO's.. The topics mainly like
1.No of applications submitted
2. Expected listing price
3. Anchor List and discussion4. Healthy discussion about the issue

But now a days we see only
1. There is one guy alwys ask minor account doubts
2. Another guy HUF doubt
3. Another guy best broker doubt
4. Another guy HZ OFS
5. Another guy Bajaj price band
6. Another guy giving hype to upcoming IPO whice comes in 2026
7. Another guy amount blocked, authorization failed

Also minor's account,mother's account,father's account, amount transfer to and from wife's account ..........and many more

Another guy will post wealth creation story of 10 shares of Zomato 🍅🍅 which he is holding since childhood..hail Zomatians..Congrats 🤣..aaare yaar sab story yahin daal dooge toh insta or X- ke liye kya bachega 😅

Anchors are decent enough considering the issue size. Co. has experience, biz know how and distinct leadership in the Engineered Building space.

Mainly a steel proxy player, bound to be affected by commodity cyclicality but since pass through arrangements are already set up by mgmt, fluctuations do not cause much trouble. Co. can in essence cater to any industry or sector that needs a pre designed setup, so no boundations there. Have engaged with renowned brands with 80 percent repetitive orders.

Current capacity utilisation is around 80 percent which is the max the existing facility can cater to hence the need for Capex that raises the existing capacity to among the top most in India within the segment. First phase of capacity expansion commences as soon as August end and the latter part by FY 25 end to mid FY 26. Enhanced order book in hand of around 1300 cr.

Since the operating cycle is not long even for a capex heavy biz. so the ROCE margins are good and better than relative listed peers but as like to like peers are still unlisted, ample comparison isn't possible. Significant increase in percent of cancelled orders YoY but biz impact is less due to the rise in total order book. Completed projects are back to historical levels from lower last year around. Lesser employee attrition YoY.

Priced currently at 18 P/E, and factoring in the capex plus order book, FY 25 revenues can be near 1520 cr with PAT around 103 cr that brings it to close to 15 P/E FY25.

One major concern is the complete offload as part of OFS by OIH Ma uritius Fund which was invested since 2007 and had recently got a buyback in 2023 at Rs 667 per share. The fund is a rename of Indivision India Partners, part of Everstone Group; which has seen its successor funds already introduced. The exit now at the time of IPO is subject to the exit clause which outlined that if third party arrangements are not made by the co. for investor exit, then an OFS from IPO will be the exit and since the fund is closed for further investments, which could be one reason for complete stake sale.

Drivers post listing will be on the basis of order book visibility.

BU or Built Up are their complete structures, related to PEB and which have reached combined utilisation level of 80%, i.e. the threshold limit. So, that needs expansion

The manufacturing plant also makes othee accessories, ceilings, roof cladding, coated zinc coils etc which is at 60%. @Henry Avery

​@MuStrFc Thanks for explaining. Learnt new things.

PLZ SUGGEST :

If we have 1 share of hero motocorp ,
Can we apply 2 applications, one in shareholder category with 1 lot and one in small-nii category with 14-15 lots with same pan and demat account ?
Or
combined total of shareholder and retail category should be less than 2 lakh?

​@amanmittal Hello, your understanding about SH + sHNI appears to be workable going by few of previous few IPOs with SH quota.

Let's wait for RHP that will give clarity if company has made any specific provisions regarding SH category applications.

Thank you @Chhote Lal sir for your words.
Waiting for your say on RHP. Means a lot.
Thanks sir.

Interarch Building Products Limited IPO

Final Verdict

Applying Only For Reasonable Listing Gains & Will Review Again Post-listing For Long-term

Highlights of the Issue :

Date : 19-21 Aug
Price Band : 850-900
M.cap : 1498 cr
Size : 600 cr
Fresh : 200 cr
OFS : 400 cr
Objects Of The Issue :

1.Funding CapEx For Setting Up New Manufacturing Facility : 58.5 cr

2.Funding Working Capital : 55 cr

3.Funding Capex Towards Upgrading Existing Facility in Kichha, TN : 19.3 cr

4. Investments in Upgrading Existing IT Infra : 11.4 cr

5.GCP : 55.8 cr
Key Pointers :
1.Interarch Is India's 3rd Largest Pre-Engineered Steel Buildings (PEB)Company with Strong Leadership From 2 Decades

2.The Company Has Healthy Orderbook of 1100 Cr+ Demonstrating Revenue Visibility
3.Interarch Is A Strong Beneficiary Of Increase in Private CapEx And Is The 1st Capital Good Supplier To Them

4.The New Facility Will Upgrade its Utilizable Capacity From 1.2 Lakh Tonnes To 1.6 Lakh Tonnes, In Value Terms 2200 cr Post CapEx

Forward Earnings Projections :

FY23 :
Rev : 1124 cr
PAT : 81.5 cr

FY24 :
Rev : 1293 cr
PAT : 86.3 cr

FY 25* :
Rev : 1495 cr
PAT : 94.5 cr

FY26 :
Rev : 1740 cr
PAT : 125 cr

Giving It A 24× FY25
Fair Price Comes At 1359 Indicating An Upside Of 51%

It is Visible That The Company Will Have Moderate Earnings Going Forward

There Are Many Questions / Doubts with The Mgmt, Not a Single Interview Even Tried To Touch Those Questions Making Those Interviews Sort Of a Scripted Ones,
So We will Review This Company Post Listing

If Time Permits, I Will Make A Post And Discuss Few Pointers which Aren't Making Me Comfortable With The Company For Long-term Investment

The Whole Analysis Is Just A Personal View,
Only For Educational Purposes

​@newgen consultancy Do u have twiiitrrr handle?

Yes i also need this kind of reasonable gains @Chhote Lal 
​@Smitbhai Yes he has with is orginal name but can't shsre here.

As per DRHP filed by Herofincorp, hero motors Shareholder quota is their ( its a draft can be removed also in final RHP)

​@StayInvested Yes as per drhp

​ @GreaterGood You can buy it tomorrow itself to be a shareholder quota applicant. Hopefully this ipo shall come around diwali

Thanks @StayInvested @Chhote Lal @Rajatkol

​@Admin @ Chittorgarh.com Unable to post overview messages. Kindly address.

Bajaj Housing SH category query: If I applied BHNI then can I eligible for SH category?

​@Sleeping lion You got clear response there. Thanks @Basuvr👍

 Compared to general categories SH quota will have better allotment chances. Also, one can make two applications with same PAN (SH + Other regular ones)

​@Basuvr and @Chhote Lal , thanks a lot for your inputs. Will buy 1 Bajaj Finserv share and will try to apply as many lots as possible in SH category to improve my allotment chances along with retail applications.

BAJAJ HOUSING FINANCE LTD (BHFL) TENTATIVE*

Open : 09/09/2024
Close : 11/09/2024
Price Band : 72-80 Rs

​@Admin @ Chittorgarh.com Admin Please create separate page with Bajaj Housing finance Ltd IPO so people can post their page If possible

Thank you 🙏