It is expected that the Interarch Building Products IPO share allotment will be finalized later today. Shares will be distributed to investors through a lottery, with the registrar overseeing the entire process. Investors learn on the allotment date how many shares they have been allocated in relation to the bids placed.
They can go to the registrar’s website or use the BSE to check the status of their allotment. Here’s how to check the status on the registrar’s website or the BSE..
First, the following is how to check the status on BSE:
1. Go to https://www.bseindia.com/investors/appli_check.aspx to access the BSE website.
2. Kindly choose the issue name from the drop-down menu, which is the name of the company.
3. To view the status of your allotment, enter your PAN or application number.
Steps to find out the Interarch Building Products IPO’s current status:
1. Go to the following URL to get Link Intime India: https://ipo.bigshareonline.com.
2. Choose the IPO for Interarch Building Products
3. To find out the status, enter the PAN data and click Search.
GMP for Interarch Building Products On August 26, the company’s shares are anticipated to be placed on the exchanges. The company’s shares are trading at a premium of 40% over the issue price on the unlisted market, with a GMP of Rs 365.
Investors responded overwhelmingly to Interarch Building Products GMP’s initial public offering (IPO), with a 93.5 times subscription rate at closing, primarily from non-institutional and institutional investors.
Products diversifying to other company
Since its incorporation in 1983, Interarch Building Products has developed into a turn-key provider of PEB solutions, with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of PEBs supplied by the company. This allows the company to offer its clients end-to-end solutions.
During the fiscal year 2024, the company’s revenue from operations increased to Rs 1,293 crore from Rs 1,123 crore the year before. This was mainly because the company increased the revenue from pre-engineered building contracts and the sale of products by diversifying into new industries and expanding its sales and marketing presence in Telangana and West Bengal.
From Rs 81.46 crore in the Financial Year 2023 to Rs 86.26 crore in the Financial Year 2024, profit after tax increased. The order book of Interarch Building Products was valued at Rs 1,153 crore as of March 2024. The issue’s book running lead managers are Ambit and Axis Capital, and the offer’s registrar is Link Intime India.
