Interarch Building Products IPO Set for August 19: GMP, Price, and Key Details in 10 Points – Here’s What You Need to Know

The upcoming IPO of Interarch Building Products Limited will open for subscription on 19th August 2024, with the bidding window closing on 21st August 2024. This initial public offering (IPO) will be listed on both BSE and NSE, with a price band fixed between ₹850 to ₹900 per equity share. Here are the main details explained in simple language:

Grey Market Premium (GMP)

Before the IPO opens for bidding, the shares of the company are already trading at a premium in the grey market. According to stock market observers, the premium is currently ₹312, which indicates strong demand even before the IPO starts.

IPO Price Band

The engineering company has set a price band between ₹850 to ₹900 per equity share for this IPO. This is the range within which investors can place their bids.

IPO Subscription Date

The IPO will open for bidding on 19th August 2024 (Monday), and the subscription window will close on 21st August 2024 (Wednesday). This gives potential investors three days to apply for shares.

IPO Size

The total size of the IPO is ₹600.29 crore. Of this, ₹200 crore will be raised through fresh shares, and the remaining ₹400.29 crore will come from the Offer for Sale (OFS). In the OFS, existing shareholders will sell their shares, and the company won’t receive any proceeds from this portion.

IPO Lot Size

Investors can bid in lots. A single lot of this IPO consists of 16 shares, so investors need to apply for at least one lot (16 shares) to participate in the IPO.

IPO Allotment Date

After the bidding process is complete, shares will be allocated to successful bidders on 22nd August 2024 (Thursday). This is the expected date for share allotment.

IPO Registrar

Link Intime India Private Limited has been appointed as the official registrar for this IPO. The registrar’s role includes managing the share allotment process and addressing any investor queries related to the IPO.

IPO Listing

The shares of Interarch Building Products will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Investors will be able to trade these shares once the listing is done.

IPO Listing Date

The shares are expected to be listed and available for trading on 26th August 2024.

IPO Review

The company’s financial performance has been impressive. In FY24, its revenue grew by 15%, and profit after tax (PAT) increased by 6%. Over the last two years, the company’s revenue has grown from ₹840.86 crore to ₹1,306.32 crore, while PAT jumped from ₹17.13 crore to ₹86.26 crore. However, the company’s borrowing also increased from ₹3.36 crore to ₹11.38 crore by the end of FY23.

These points highlight the key aspects of Interarch Building Products’ upcoming IPO, providing investors with the essential information needed to make informed decisions.