Interarch Building Products IPO Listing Today
Interarch Building Products is making its debut on the stock market today, August 26, 2024, after successfully completing its initial public offering (IPO). The shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Trading will begin at 10:00 am and will be part of the Special Pre-open Session (SPOS).
What to Expect from Interarch Building Products Shares
The grey market has been positive about Interarch Building Products shares. The current grey market premium (GMP) is ₹360 per share. This suggests the shares could list at ₹1,260, a 40% premium over the issue price of ₹900 per share. Market experts attribute this strong GMP to the high demand from investors and the positive market sentiment. However, remember that GMP is only an indicator and should not be the sole basis for investment decisions.
Details of the Interarch Building Products IPO
- IPO Period: Opened on August 19 and closed on August 21.
- Issue Price Range: ₹850 to ₹900 per share.
- Funds Raised: The company raised ₹600.29 crore. This included a fresh issue of 22.22 lakh shares worth ₹200 crore and an offer-for-sale (OFS) of 44.47 lakh shares amounting to ₹400.29 crore.
- Subscription Details: The IPO was highly popular, being subscribed 93.53 times. Investors placed bids for 42.88 crore shares against the 46.91 lakh shares available.
Key Players in the IPO
Ambit Private Limited and Axis Capital acted as the lead managers for the IPO, and Link Intime India Private Ltd was the registrar.
Today is an important day for Interarch Building Products and its investors as they watch how the stock performs in its market debut!
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
