Interarch Building Products IPO Allotment Likely Today: How to Check Status and Latest GMP Before Listing

Interarch Building Products Ltd recently completed its IPO with strong investor interest, receiving over 90 times the subscriptions. The IPO, which opened on August 19 and closed on August 21, is expected to finalise the allotment of shares today, August 22. The shares will be listed on both BSE and NSE on August 26.

How to Check IPO Allotment Status

Investors can check their allotment status online through the BSE website or the official portal of the IPO registrar, Link Intime India Private Ltd. Follow these steps:

1. Visit the IPO Registrar’s website at Link Intime.
2. Select “Interarch Building Products Limited” from the dropdown menu.
3. Choose between PAN, Application Number, DP ID/Client ID, or Account Number.
4. Enter the corresponding details.

Your IPO allotment status will then appear on the screen.

Interarch Building Products IPO GMP Today

As of today, Interarch Building Products shares are trading with a premium of ₹367 per share in the grey market. Given this premium, the estimated listing price could be around ₹1,267 per share, which is 41% higher than the issue price of ₹900 per share.

IPO Subscription Status

The Interarch Building Products IPO was subscribed 93.53 times, with bids for 42.88 crore shares against 46.91 lakh shares offered. The retail category was subscribed 19.11 times, the Qualified Institutional Buyers (QIBs) category 205.41 times, and the Non-Institutional Investors (NIIs) category 128.42 times.

IPO Details

The IPO price band was set between ₹850 and ₹900 per share. The company raised ₹600.29 crore through a combination of a fresh issue of 22.22 lakh equity shares worth ₹200 crore and an offer-for-sale (OFS) of 44.47 lakh shares totalling ₹400.29 crore. Ambit Private Limited and Axis Capital managed the issue, with Link Intime India Private Ltd serving as the registrar.