Interarch Building Products IPO allotment, GMP today, listing, price, gains and more: Interarch Building is a Rs 600.29 crore public issue that opened on August 19, 2024, and closed on August 21. It had raised Rs 179.49 crore from anchor investors on August 16. Know Interarch Building Products IPO allotment details and how its GMP is performing in the grey market today.
Interarch Building IPO GMP today
Interarch Building Products price band has been set at Rs 850-900 per share. Interarch Building IPO GMP today is Rs 355. It has been climbing steadily as it was at Rs 325 apiece when the issue opened for subscription. The estimated Interarch Building Products IPO listing price is Rs 1255, according to Investorgain. Interarch Building Products IPO listing gain would then work out to 39.44%, as per the estimation. However, do remember that the grey market is not an official source.
Interarch Building IPO details
Interarch Building Products IPO subscription hit the over 93.53x mark on the last day. Interarch Building Products IPO was made up of a fresh issue of 22,22,222 shares and 44,47,630 shares via offer for sale. The minimum bid size for retail investors is Rs 14,400 equalling 16 shares. Retail category investors quota was 35 per cent, NII 15 per cent and QIB portion was a whopping 50 per cent of the total shares.
Interarch Building Products IPO allotment and listing date
The Interarch Building Products IPO allotment finalisation date was set for August 22, 2024. and the listing itself is expected to take place on August 26, 2024. To check the Interarch Building Products IPO allotment status, investors will have to go to the registrar’s website, which is Link Intime. Ambit and Axis Capital are book-running lead managers.
How IPO funds will be used
Interarch Building IPO proceeds will be used for capital expenditure purposes. A new manufacturing unit will be set up at its Andhra Pradesh facility. Also, factories in Kichha, Tamil Nadu, and Oantnagar will get upgrades. Apart from that, the funds will be used for IT asset upgrades, working capital requirements and general corporate purposes.
Interarch Building performance
Interarch Building, for the period ending March 31, 2024, reported a 15 per cent rise in revenues at Rs 1,306.32 crore, in contrast to Rs 1,136.39 crore in the year-ago period with net profit rising 6 per cent to Rs 86.26 cr on-year basis.
(Disclaimer: This article is only meant as a source of information for the wider public. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Interarch Building Products allotment, IPO GMP today, listing, price, gains: This is a Rs 600 crore public issue that opened on August 19, 2024, and closed on August 21. Know how it is performing in the grey market. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
