Interarch Building Products IPO: Price band, GMP among 10 things to know
Interarch Building Products will open for subscription on August 19. The issue closes on August 21. Through the public offer, the company plans to raise around Rs 600 crore. Here are 10 things to know about the Interarch Building Products IPO before subscribing to the issue.
1) What is the business overview of Interarch Building Products?
The company designs, manufactures and sells pre-engineered steel buildings and offer them by way of PEB contracts, wherein we provide complete PEBs on a turn-key basis to customers, and also provide on-site project management for installation and erection at customers’ sites.
2) What is the industry overview of Interarch Building Products?
Pre-engineered steel construction has emerged as an innovative building method due to the rapid growth of automation in the construction industry. The global pre-engineered steel buildings market is estimated at $16-17 billion as of calendar year 2022 and is expected to clock at 11-12% of CAGR over the medium term till 2027.
3) What is the current GMP of Interarch Building Products?
According to market analysts, the current GMP of Interarch Building Products is Rs 375 in the unlisted market, indicating a premium of 42% to the issue price.
4) What is the size of Interarch Building Products IPO?
The IPO comprises a fresh issue of shares worth Rs 200 crore and an offer for sale (OFS) of up to 44.47 lakh shares.
5) What is the price band for Interarch Building Products IPO?
The IPO is priced in the range of Rs 850-900 per share, where
