Interarch Building Products Limited has made an IPO and plans to raise about Rs. 600 crore.
Interarch Building Products Limited has made an initial public offering of equity shares aggregating to ₹6,002.87 million (Rs. 600 crore), comprising a fresh issue of equity shares aggregating to ₹2,000.00 million (Rs. 200 crore) and an offer for sale of equity shares by certain existing shareholders, including OIH Mauritius Limited (Everstone Capital), aggregating to ₹4,002.87 million (Rs. 400 crore).
Shardul Amarchand Mangaldas & Co advised Interarch on this IPO.
The transaction team was led by Nikhil Naredi, Partner and Abhiroop Amitava Datta, Partner; with assistance from Trishita Dasgupta, Counsel; Ankur Verma, Senior Associate; and Debolina Mitra, Associate, as well as Kamiya Marwah, Senior Associate and Shivang Agarwal, Associate.
Anagram Partners acted as the legal advisors to selling shareholder Everstone.
The transaction team was led by Simone Reis (Partner) and comprised Shwetank Chaubey (Principal Associate) and Rishabh Chhabaria (Associate).
Khaitan & Co acted as the legal counsel to the Bankers i.e., Ambit Private Limited and Axis Capital Limited, as to Indian law.
The transaction team consisted of Aditya Cheriyan (Partner), Vijayaraghavan (Principal Associate), Ritika Khare (Senior Associate), Abhishek Iyer (Associate), Arjun Kapur (Associate), Bhavna Lodha (Associate) and Ria Chaudhary (Associate).
Khaitan & Khaitan acted for the four (4) Promoter Selling Shareholders in the transaction.
The transaction team consisted of Soumyajit Mitra (Partner) and Kawaljeet Kaur (Principal Associate).
Established in 1984, Interarch is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, on-site project management capabilities for the installation and erection of pre-engineered steel buildings.
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