Interarch Building Solutions Ltd. News and Updates

Name: Latest research reports of Interarch Building Solutions Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Interarch Building Solutions Ltd.
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Author: HDFC Securities

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Interarch Building Solutions Ltd.

19 Aug 2024

2062.10

0.94%

Interarch Building Products IPO gets fully subscribed on Day 1 of offer

Business Standard

The initial public offer of construction solutions provider Interarch Building Products got fully subscribed on the first day of subscription on Monday. The Rs 600 crore initial share sale received bids for 1,49,85,152 shares against 46,91,585 shares on offer, translating into 3.19 times subscription, as per NSE data. The portion for non-institutional investors fetched 7.85 times subscription, while the category for Retail Individual Investors (RIIs) got subscribed 2.75 times. The quota for Qualified Institutional Buyers (QIBs) received 27 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 44,47,630 equity shares. The price range for the offer is Rs 850-900 per share. The initial share sale will conclude on August 21. Proceeds from the fresh issue will be used for capital expenditures, system upgrades and general corporate purposes. Interarch Building Products is one of the leading turnkey pre-engineered s

Interarch Building Solutions Ltd. has gained 32.84% in the last 6 Months

Interarch Building Solutions Ltd.

19 Aug 2024

2062.10

0.94%

IPO Note-Interarch Building Products Limited-19082024

IPO Note: Interarch Building Solutio...

HDFC Securities

Issue Snapshot: Issue Open: August 19 August 21, 2024 Price Band: Rs. 850 900 (Discount of Rs 85 per share for all eligible employees) *Issue Size: Up to Rs 600.29 cr (including Fresh issue of Rs 200 cr + Offer for sale of 4,447,630 eq share including employee reservation of upto Rs.2 cr Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 10 Book value: Rs 268.80 (March 31, 2024) Bid size: - 16 equity shares and in multiples thereof 100% Book built Issue IPO Note-Interarch Building Products Limited

Interarch Building Solutions Ltd. has gained 129.12% in the last 1 Year

85.75% Gain from 52W Low

Interarch Building Solutions Ltd. News and Updates

Keep track of all breaking news on Interarch Building Solutions Ltd. from all sources in a single place.