Interarch Building Products Limited IPO GMP

Interarch Building Products 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 ("PEB").

Interarch, an Book Built Issue amounting to ₹600.28 crores, consisting a Fresh Issue of 2.22 Lakh Shares worth ₹200.00 crores and an Offer for Sale of 4.44 Lakh Shares totaling to ₹400.28 crores. The subscription period for the Interarch IPO opens on August 19, 2024, and closes on August 21, 2024. The allotment is expected to be finalized on or about Friday, August 23, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Monday, August 26, 2024.

The Share price band of Interarch IPO is set at ₹850 to ₹900 equity per share, with a minimum lot size of 16 shares. Retail investors are required to invest a minimum of ₹14,400, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (224 shares), amounting to ₹201,600.

Axis Capital Limited and Ambit Private Limited are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue.

Interarch Building Products Limited IPO GMP Today
The Grey Market Premium of Interarch Building Products Limited IPO is expected in the range of ₹400 to ₹450 based on the financial performance and of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Interarch Building Products Limited IPO Live Subscription Status Today
As of 01:18 PM on 21 August 2024, the Interarch Building Products Limited IPO live subscription status shows that the IPO subscribed 11.37 times on on the first day of subscription period. Check the Interarch Building Products Limited IPO Live Subscription Status Today at NSE.

Interarch Building Products Limited IPO Allotment Status
Interarch IPO allotment date is 23 August, 2024, Friday. Interarch IPO Allotment will be out on 23rd August 2024 and will be live on Registrar Website from the allotment date. Check Interarch Building Products Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Interarch Building Products Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Interarch Building Products Limited IPO
Interarch Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹585.33 Millions is required for financing the capital expenditure towards setting up a new PEB manufacturing unit (classified as Phase 2 of their capacity development plan at the Planned Andhra Pradesh Manufacturing Facility) (“Project”); 
2. ₹192.46 Millions is required for financing the capital expenditure towards upgradation of the Kichha Manufacturing Facility, Tamil Nadu Manufacturing Facility I, Tamil Nadu Manufacturing Facility II and Pantnagar Manufacturing Facility; 
3. ₹113.92 Millions is required for funding investment in information technology (“IT”) assets for upgradation of existing information technology infrastructure of the Company; 
4. ₹550.00 Millions is required for funding incremental working capital requirements; and 
5. general corporate purposes.

Refer to Interarch Building Products Limited RHP for more details about the Company.