Interarch Building Products IPO will open on August 19: Investors can bid till August 21, minimum investment ? 14,400

The Initial Public Offer i.e. IPO of Interarch Building Products Limited will open on August 19. Investors will be able to bid for the IPO till August 21. On August 26, the company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Through this issue, the company wants to raise a total of ? 600.29 crore. For this, the company is issuing 2,222,222 fresh shares worth ? 200 crore. Whereas, 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 it, then we are telling you how much you can invest in it. How much minimum and maximum money can you invest?
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 ? 900 of the IPO, then you will have to invest ? 14,400 for this. 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 as per the upper price band. 35% of the issue 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 established 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 of which are in Sriperumbudur in Tamil Nadu and two in Pantnagar and Kichha in Uttarakhand. What is an IPO?
When a company issues its shares to the general public for the first time, it is called an Initial Public Offering (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 an IPO.