इंटरआर्च बिल्डिंग-प्रोडक्ट्स का IPO दो दिन में 10.96 गुना भरा: रिटेल कैटेगरी में 7.59 गुना सब्सक्राइब, आज बोली लगाने का आखिरी दिन

Today is the last day to bid for the Initial Public Offering (IPO) of Interarch Building Products Limited. In two days, the IPO of Interarch Building Products has been subscribed a total of 10.96 times. The IPO was subscribed 7.59 times in the retail category, 1.41 times in qualified institutional buyers (QIB) and 31.51 times in the non-institutional investors (NII) category.

The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 26. Interarch Building Products wants to raise a total of ₹ 600.29 crore through this issue. For this, the company is issuing 2,222,222 fresh shares worth ₹ 200 crore. At the same time, the company’s existing investors are selling 4,447,630 shares worth ₹ 400.29 crore through Offer for Sale i.e. OFS.

If you are also planning to invest money in this, then we are telling you how much you can invest in this.

What is the minimum and maximum amount that can be invested?
Interarch Building Products has fixed the price band of this issue at ₹ 850-₹ 900. Retail investors can bid for a minimum of one lot i.e. 16 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹ 900, then you will have to invest ₹ 14,400 for it.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 208 shares. For this, investors will have to invest ₹ 187,200 according to the upper price band.

35% of the issue is reserved for retail investors
The company has reserved 50% of the issue for qualified institutional buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).

InterArch Building Products Limited was established in 1983
Interarch Building Products Limited was founded in 1983. It provides turnkey pre-engineered steel construction solutions in India. The company provides design, engineering, manufacturing and on-site project management services for the construction and installation of pre-engineered steel buildings (PEB). The company has four manufacturing facilities, two in Sriperumbudur, Tamil Nadu and two in Pantnagar and Kichha, Uttarakhand.

What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.