Interarch Building Products IPO GMP Today: Today i.e. August 20 (Tuesday) is the second day for an initial public offering of Interarch Building Products Limited. The three-day subscription started on August 19 and will be closed on August 21 (Wednesday). In the grey market, Interarch Building Products IPO shares are commanding a strong premium or GMP, indicating a solid listing gain.
The portion for non-institutional investors fetched 7.85 times subscription on Monday, while the category for Retail Individual Investors (RIIs) got subscribed 2.75 times. The quota for Qualified Institutional Buyers (QIBs) received 27 per cent subscription.
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Interarch Building Products IPO Price Band
Interarch Building Products IPO has set a price band of Rs 850 to Rs 900 per equity share.
Interarch Building Products IPO Lot Size
The IPO is a combination of a fresh issue of shares worth up to Rs 200 crore and an offer-for-sale of up to 44.47 lakh shares valued at Rs 400 crore, at the upper end of the price band, by the promoters and investor-selling shareholders, reports PTI. This aggregates the total issue size to Rs 600 crore.
“Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Further, investors can bid for a minimum of 16 equity shares and in multiples of 16 equity shares thereafter,” the report said.
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Interarch Building Products IPO GMP Today Price
According to multiple websites that track grey market activities, Interarch Building Products’s shares command a premium of Rs 335. This translates into a GMP of 37.22 per cent.
Interarch Building Products IPO Allotment Date, Link
According to reports, the Interarch Building Products IPO is likely to be finalized on August 22 (Thursday). The allotment status will be released online on the official website of the registrar — Link Intime India Private Limited. Besides, the allotment status will also be made available on the official website of both the exchanges i.e. NSE and BSE.
Interarch Building Products IPO Face Value
Interarch Building Products IPO’s face value is Rs 10 per share.
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Interarch Building Products IPO Listing Date
Interarch Building Products Limited’s shares are expected to be listed on August 26.
Interarch Building Products IPO Book Running Lead Manager
Ambit Private Limited and Axis Capital Limited are the Book Running Lead Managers for Interarch Building Products IPO.
Interarch Building Products IPO Sponsor Bank
ICICI Bank Ltd and HDFC Bank Limited are the Sponsor Banks for the Interarch Building Products IPO.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
