New Delhi: Interarch Building Products IPO will open today on Monday, August 19, 2024. The company raised Rs 179.49 crore from anchor investors on August 16, 2024. Here are the GMP and other key details of this IPOs. The IPO price band has been set at RS 850-900 per share.
Interarch Building IPO GMP
Interarch IPO GMP stood at RS 325 apiece, indicating a 36 per cent listing premium over the IPO price of Rs 900 apiece, according to Investorgain. GMP or grey market premium is the premium that an investor is willing to pay to acquire one share of a company.
Interarch Building IPO GMP key details
Interarch Building Products IPO opens on August 19, 2024, and closes on August 21, 2024. The Rs 600.29 crore IPO comprises 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. The IPO allotment will be finalised on August 22, 2024, and the listing will take place on August 26, 2024.
Ambit and Axis Capital are book-running lead managers on the Interach Building Products IPO. Link Intime is the registrar for the IPO. While retail category investors can bid for 35 per cent of the total shares on offer, NII investors can apply for 15 per cent of the shares. QIB investors will have access to 50 per cent of the total shares on offer in the Interarch Building Products IPO.
Interarch Building earnings
The company reported a 15 per cent rise in revenues for the period ending March 31, 2024, at Rs 1,306.32 crore, compared to Rs 1,136.39 crore in the year-ago period.
Interarch Building Products’ net profit rose 6 per cent on-year basis to Rs 86.26 crore. Interarch Building Projects aims to utilise the IPO proceeds towards capex required to set up a new manufacturing unit at its Andhra Pradesh facility and upgrades in its factories in Kichha, Tamil Nadu, and Oantnagar. IPO proceeds will also go towards IT asset upgrades in existing IT infrastructure, working capital requirements and general corporate purposes.
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Interarch Building Products IPO: The Rs 600 crore public issue of Interarch Building Products is set to open on August 19, 2024, and expected to close on August 21, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
