Interarch Building Products IPO Subscription Status

Interarch Building Products IPO - Day 3 Subscription at 93.64 Times

The Interarch Building Products IPO will close on August 21, 2024. The shares of the IPO are likely to be listed on August 26 and will make a trading debut on the BSE NSE platform.

On 21st August 2024, the Interarch Building Products IPO received bids for 43,80,21,424 shares, much more than the 46,77,881 shares available. This means that by the end of the third day, the IPO had been oversubscribed by 93.64 times.
 

Here are the subscription details for Interarch Building Products IPO as of Day 3 (21st August, 2024 at 4:45:08 PM):

The Interarch Building Products IPO saw significant interest across various investor categories, with the highest subscription driven by Qualified Institutional Buyers (QIBs), followed by High Net Worth Individuals (HNIs) and Non-Institutional Investors (NIIs). Retail investors also showed substantial participation, with employees contributing notably as well. 

Typically, QIBs and HNIs/NIIs ramp up their subscriptions in the final hours, indicating strategic moves by these seasoned investors. This strong overall response underscores broad confidence in the company's prospects, reflecting diverse investor interest from institutional giants to individual stakeholders. The subscription figures do not account for the IPO's anchor portion or market-making segment.
 

Subscription Status of Interarch Building Products IPO for Days 1, 2, and 3

On day 1, Interarch Building Products IPO was subscribed 3.19 times. At the end of day 2, the subscription has risen to 10.96 times; on day 3, it reached 93.64 times

Here are the subscription details for Interarch Building Products IPO by category as of Day 3 (21st August, 2024 at 4:45:08 PM):

Interarch Building Products IPO received a varied response from different investor categories. The Anchor Investors subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 197.29 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 130.79 times, and Retail Investors at 25.28 times. Overall, Interarch Building Products IPO was subscribed 93.64 times.

Interarch Building Products IPO- Day 2 Subscription at 10.48 Times

At the end of Day 2, the Interarch Building Products IPO had been subscribed around 10.48 times. The public issue saw significant demand on 20th August 2024, with the retail category subscribed 7.22 times, QIBs subscribed 1.38 times, and the HNI/NII category subscribed 30.18 times.

Here are the subscription details for Interarch Building Products IPO as of Day 2 (20th August 2024 at 4:39:08 PM):

The IPO for Interarch Building Products witnessed strong demand across various investor categories. Anchor investors showed solid interest, while qualified institutional buyers (QIBs) also engaged significantly. Non-institutional investors (NII/HNI), particularly those making larger bids, were highly enthusiastic, with smaller bidders also contributing robustly. 

Retail investors participated actively, demonstrating strong confidence in the offering, and employees also showed considerable support. Overall, the IPO was oversubscribed, reflecting widespread investor confidence and interest across all categories, making it a successful and well-received offering in the market.

Here are the complete subscription details for the Interarch Building Products IPO as of Day 2 (20th August 2024 at 4:39:08 PM):

On day 1, Interarch Building Products IPO was subscribed 3.19 times. By the end of day 2, the subscription status had increased to 10.48 times. However, if you talk about the final status, it will be cleared by the end of day 3 (21st August 2024). The Interarch Building Products IPO received a varied response from investors. The anchor Investors fully subscribed at 1 time. Qualified Institutional Buyers (QIBs) subscribed at 1.38 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 30.18 times, and Retail Investors at 7.22 times. Overall, Interarch Building Products IPO was subscribed by 10.48 times.

Interarch Building Products IPO-Day 1 Subscription at 3.15 Times

Interarch Building Products IPO will close on 21 August 2024. Shares of Interarch Building Products IPO is likely to be listed on 26th August 2024. Shares of the company will make a trading debut on the BSE, NSE Mainboard platform.

On 19 August 2024, Interarch Building Products IPO received 1,46,77,696 bids for much more shares than the available 46,53,341 shares. This means that Interarch Building Products' IPO was oversubscribed by 3.15 times by the end of Day 1.

Here are the subscription details for Interarch Building Products IPO as of Day 1( 19th August 2024 at 4:51:08 PM)

Interarch Building Products IPO subscription was mainly driven by High Net Worth Individuals (HNIs/NIIs), with strong interest from both bNII (bids above ₹10L) and sNII (bids below ₹10L). Retail investors also contributed significantly, while Qualified Institutional Buyers (QIBs) showed minimal interest on day 1. Typically, QIBs and HNIs/NIIs tend to increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market-making segment of the IPO.

QIBs are large institutional investors, such as mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Interarch Building Products IPO as of Day 1( 19th August 2024 at 4:51:08 PM):

On day 1, Interarch Building Products IPO was subscribed 3.15 times. Qualified Institutional Buyers (QIBs) showed subscriptions at a rate of 0.26 times. The HNIs / NIIs portion subscribed 7.80 times, while Retail Investors subscribed 2.76 times. Overall, the IPO was subscribed 3.15 times.

About Interarch Building Products IPO

Interarch Building Limited, an Indian corporation founded in 1983, offers complete pre-engineered steel construction solutions. The business provides complete facilities for pre-engineered steel building (PEB) installation and construction, including design, engineering, manufacture, and on-site project management. With 141,000 metric tonnes annually, the firm had the second-highest installed capacity as of March 31, 2023. Among integrated PEB firms in India, it also held a 6.1% market share in operating income in the fiscal year 2023.

The company provides PEBs through pre-engineered steel building contracts ("PEB Contracts") and pre-engineered steel building materials ("PEB Sales"), such as metal ceilings, corrugated roofing, PEB steel structures, and light gauge frame systems.

Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited, and Addverb Technologies Limited are among the clients in the industrial/manufacturing construction industry that the company serves. The organization provides services to InstaKart Services Private Limited within the infrastructure construction category.

Two of the company's four manufacturing facilities are located in Sriperumbudur, Tamil Nadu, India; the other two are in Pantnagar, Uttarakhand, and Kichha, Uttarakhand, respectively. The company employs sales and marketing employees in Chandigarh, Punjab, and Haryana; Lucknow, Uttar Pradesh; Coimbatore, Tamil Nadu; Bhubaneshwar, Odisha; and Raipur, Chhattisgarh.

Highlights of the Interarch Building Products IPO

• IPO price band: ₹850 to ₹900 per share.
• Minimum application lot size: 16 shares.
• Minimum investment for retail investors: ₹14,400
• The minimum investment for sNII and bNII is 14 lots (224 shares), ₹201,600, and 70 lots (1,120 shares), amounting to ₹1,008,000.
• Registrar: Link Intime India Private Limited.