• Source:JND
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The initial public offering (IPO) of InterArch Building Products, a construction solutions provider, was subscribed 93.46 times on the final day of subscriptions. According to NSE data, 43,87,96,464 bids were received for the Rs 600-crore initial share sale.

Qualified Institutional Buyers (QIBs) subscribed to the stock 205.41 times, while non-institutional investors subscribed to the non-institutional quota 128.42 times. The retail individual investor (RII) segment was subscribed 19.11 times.

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The initial public offer (IPO) offers a fresh issue of up to Rs 200 crore and sale of up to 44,47,630 equity shares. The offer price range has been set at Rs 850-900 per share. InterArch Building Products' IPO was fully subscribed on its first day of subscription on Monday.

The proceeds from the fresh issue will be used for capital expenditures, system upgrades, and general corporate purposes. InterArch Building Products is one of India's leading turnkey pre-engineered steel construction solution providers with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings.

Ambit Pty Ltd and Axis Capital are the book-running lead managers of the offering. The equity shares are proposed to be listed on BSE and NSE.

InterArch Building IPO Listing Date-  The shares of Interarch Building Limited will be listed on stock exchanges on August 26. 

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