Interarch Building Solutions Limited , a prominent player in the Capital Goods (PEB) sector, has submitted its monitoring agency report for IPO fund utilization for the quarter ended June 30, 2025. The report, prepared by CRISIL Ratings Limited, provides insights into how the company has deployed the funds raised through its Initial Public Offering (IPO) in August 2024.

IPO Proceeds and Utilization

The company raised Rs 2,000.00 million through its IPO, with net proceeds of Rs 1,880.98 million after deducting issue expenses. As of June 30, 2025, Interarch Building Solutions has utilized Rs 1,464.26 million of the total proceeds, leaving Rs 416.72 million unutilized.

Key Utilizations

The major utilizations of the IPO funds include:

1. Working Capital Requirements: Rs 550.00 million
2. General Corporate Purposes: Rs 484.97 million
3. Capital Expenditure: Significant amounts allocated for manufacturing facilities and IT infrastructure upgrades

Shareholder-Approved Reallocations

During the quarter, shareholders approved a reallocation of Rs 95.00 million from original objects to a new manufacturing facility in Andhra Pradesh for land acquisition. This strategic move aims to capitalize on emerging market opportunities and strengthen the company's competitive edge in the growing Andhra Pradesh economy.

Monitoring Agency Observations

CRISIL Ratings Limited, serving as the monitoring agency, noted that while fund utilization deviated from the original prospectus objects, it aligned with shareholder approvals obtained through special resolutions. The company has been transparent in its fund utilization, seeking necessary approvals for changes in allocation.

Revised Fund Allocation

The revised allocation of funds includes:

Unutilized Funds

The company has deployed the unutilized funds of approximately Rs 418.05 million in fixed deposits with Yes Bank and HDFC Bank, ensuring returns while maintaining liquidity for future use.

Conclusion

Interarch Building Solutions' IPO fund utilization report demonstrates the company's commitment to strategic growth and transparency. By reallocating funds with shareholder approval, the company aims to adapt to market opportunities while maintaining investor trust. The significant investments in working capital, manufacturing facilities, and IT infrastructure indicate a focus on operational efficiency and expansion.

Investors and stakeholders can take confidence in the company's structured approach to fund utilization and its alignment with approved objectives. As Interarch Building Solutions continues to deploy the remaining funds, the market will be watching closely to see how these investments translate into business growth and shareholder value.

Interarch Building Solutions Limited , a leading player in pre-engineered building (PEB) solutions, has announced a significant strengthening of its board leadership with the appointment of two industry veterans as Independent Directors. The move, detailed in a press release dated August 12, 2025, underscores the company's commitment to enhancing governance and driving strategic growth.

New Appointments

Dr. Anoop Kumar Mittal and Mr. Aditya Vij have been named as the new Independent Directors, bringing a wealth of experience and expertise to Interarch's board.

• Dr. Anoop Kumar Mittal: With nearly four decades of experience in civil engineering, real estate development, and project management, Dr. Mittal is a distinguished leader in the infrastructure and construction sector. He previously served as Chairman-cum-Managing Director of NBCC (India) Ltd. under the Ministry of Housing and Urban Affairs.

• Mr. Aditya Vij: A seasoned global business leader with over 40 years of cross-sector experience, Mr. Vij has held senior leadership roles across various industries. His most recent position was as an Operating Partner at Kedaara Capital Advisors. Previously, he served as CEO of Fortis Healthcare and held key leadership positions at General Motors in Europe and India.

Strategic Implications

The appointments are part of Interarch's strategic board expansion, aimed at driving future-ready transformation and industry leadership. Mr. Arvind Nanda, Managing Director of Interarch Building Solutions Ltd., emphasized the importance of these appointments, stating, "The addition of Dr. Mittal and Mr. Vij to our Board is a reflection of our ambition to grow responsibly and innovate continually in the infrastructure and construction space."

Company Overview

Interarch Building Solutions Limited, which commenced operations in 1983, has established itself as one of India's leading turnkey pre-engineered steel construction solution providers. The company offers a range of products and services, including:

1. Pre-Engineered Buildings
2. TRACDEK® Metal Roofing & Cladding Systems
3. Trac® Ceilings
4. Interarch Life: Non-Industrial Buildings

With integrated facilities for design and engineering, manufacturing, and on-site project management, Interarch is well-positioned to capitalize on opportunities in the fast-growing construction and industrial solutions sector, both in India and internationally.

Future Focus

The strategic board expansion signals Interarch's renewed focus on:

1. Innovation in smart and sustainable infrastructure
2. Scaling operations
3. Enhancing governance practices
4. Building sustainable value for all stakeholders

As the company approaches its 40th year of operations, these appointments mark a significant milestone in Interarch's evolution as a forward-thinking, professionally governed organization in the pre-engineered building solutions space.