Interarch Building Products IPO allocation results anticipated today: Steps to verify status online.
Interarch Building Products IPO: The ₹600-crore initial public offering, which was open for subscription from August 19 to August 21, saw an oversubscription rate of 93.53 times.
The finalization of the share allotment status for Interarch Building Products’ initial public offering (IPO) is scheduled for Thursday, August 22. The public offering garnered a highly positive reaction from investors, achieving a subscription rate exceeding 93 times by the conclusion of the bidding on Wednesday, August 21.
The organization intends to offer its shares on the BSE and NSE, targeting a provisional listing date of August 26.
The ₹600-crore initial public offering (IPO), which was open for subscription from August 19 to August 21, saw an oversubscription rate of 93.53 times. This resulted in bids for 43.88 crore shares, compared to the 46.91 lakh shares that were available, as reported by stock exchange data.
Due to the substantial oversubscription of the IPO, numerous investors are keenly anticipating whether they will receive an allocation.
Steps to Verify Your IPO Allotment Status:
After the company finalizes the share allocation, investors can verify their allotment status online by visiting the official website of the IPO registrar, Link Intime India Pvt Ltd, or by accessing the NSE and BSE websites.
Procedure for Verifying Allotment on the BSE Website:
- Access the BSE IPO Allotment Status page.
- Choose ‘Equity’ as the category for the issue type.
- Select ‘Interarch Building Products’ from the dropdown list.
- Please provide your IPO application number or PAN number.
- Select ‘Search’ to access the details of your allotment.
Procedure for Verifying Allotment on the Registrar’s Website:
- Visit the website of Link Intime India Pvt Ltd.
- Choose ‘Interarch Building Products’ from the list in the drop-down menu.
- Please select one of the following options: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Please provide the necessary information to view your allotment status.
Investors have the option to verify their allotment status on the official NSE website by utilizing their PAN and IPO application numbers.
It is important to understand that the allotment status will be accessible only after the company has completed the share allocation process. Investors are encouraged to retain their application information for prompt access to their allotment status once it becomes available.
Key Features of the Interarch Building Products Initial Public Offering.
The company raised ₹179.5 crore from anchor investors just a day before the opening of its public issue.
The initial public offering (IPO) included a new issuance of ₹200 crore, in addition to an Offer for Sale (OFS) segment from current shareholders amounting to ₹400 crore.
The IPO price range was established at ₹850 to ₹900 per share. Investors were allowed to place bids for a minimum lot size of 16 shares, with additional shares available in multiples. Retail investors could engage in the IPO application with a minimum investment of ₹14,400.
The organization intends to allocate the net proceeds towards establishing a new PEB manufacturing facility in Andhra Pradesh, enhancing current operations in Kichha, Tamil Nadu, and Pantnagar, investing in IT infrastructure, addressing additional working capital requirements, and supporting general corporate activities.
Information on Interarch Building Products.
Interarch Building Products focuses on the design, production, and sale of pre-engineered steel buildings, delivering them through comprehensive turnkey contracts. Additionally, the company provides on-site project management services to oversee the installation and assembly of these structures at client sites.
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