Interarch Building Products IPO, aimed at raising ₹600.29 crore, comprises a fresh issue of 0.22 crore shares aggregating to ₹200 crore and an offer for sale of 0.44 crore shares aggregating to ₹400.29 crore. The Interarch IPO price band is set at ₹850 to ₹900 per share, with a minimum lot size of 16 shares, requiring a minimum investment of ₹14,400 by retail investors.

If you applied for the Interarch IPO, here is how you can check the Interarch IPO allotment status.

Checking Allotment Status on Registrar's Website:

Follow these steps to check the Interarch IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Interarch" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Click Submit to retrieve the Interarch IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Interarch" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Interarch IPO allotment status will be visible.

Interarch IPO Subscription

On the final day of bidding, the IPO has seen a subscription status of 93.53 times. The retail investor portion was oversubscribed 19.11 times, the non-institutional investors (NII) portion saw an oversubscription of 128.42 times, while the Qualified Institutional Buyers (QIBs) portion was subscribed 205.41 times.

Interarch IPO GMP

The Interarch IPO GMP is currently reported at ₹365. With the upper price band of the IPO at ₹900, the stock is expected to list at ₹1265, indicating around a 40% premium on listing. However, it's important to note that while GMPs can provide some insight into market sentiment towards an IPO, they should not be considered as the sole factor for predicting the stock's performance upon listing.

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Interarch IPO Details

The IPO opened for subscription on August 19, 2024, and will close on August 21, 2024. The shares of the company are tentatively scheduled to be listed on both the BSE and NSE, on Monday, August 26, 2024.

The company intends to use the net proceeds from the offering for various purposes including setting up a new pre-engineered steel building (PEB) manufacturing unit, upgrading existing manufacturing facilities, investing in IT assets, funding incremental working capital requirements, and addressing general corporate purposes.

Prior to the IPO launch, the company successfully secured ₹179.5 crores from anchor investors, including ICICI Prudential Mutual Fund, Whiteoak Capital, Mirae Asset, Pinebridge Global Funds, and Eastspring Investments India Infrastructure Equity Open.

About Interarch Building Products

Established in 1983, Interarch Building Products provides turnkey pre-engineered steel construction solutions in India. As of March 31, 2023, the company had the second-highest installed capacity of 141,000 metric tonnes per year and held a 6.1% market share in operating income among integrated PEB players in India.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.