आज से ओपन होगा इंटरआर्च बिल्डिंग प्रोडक्ट्स का IPO: 21 अगस्त तक निवेश का मौका, मिनिमम ₹14,400 इन्वेस्ट करने होंगे

The Initial Public Offer (IPO) of Interarch Building Products Limited will open today (August 19). Investors will be able to bid for shares till August 21. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 26.

Through this issue, the company wants to raise a total of ₹ 600.29 crore. For this, Interarch is issuing 2,222,222 new shares worth ₹ 200 crore. At the same time, the existing investors of the company 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.