Interarch Building Products IPO subscription started on 19 August 2024 and will close on 21 August 2024. Interarch Building Products plans to raise around INR 378.05 – 400.29 crores via the IPO. The price band is fixed at INR 850 – 900 per share. Interarch Building Products IPO market lot has 16 shares and minimum application amount is INR 14,400. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Interarch Building Products IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Interarch Building Products IPO subscription status segregated by days and investor categories.

Interarch Building Products IPO Subscription Status – Live Updates

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

Interarch Building Products – Business Background

Interarch Building Products is a key turnkey pre-engineered steel construction solution provider in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings (PEB).

Interarch Building Products had the second largest aggregate installed capacity of 141,000 metric tonnes per annum (MTPA) as of 31 March 2024 and a market share of 6.5% in terms of operating income in the Financial Year 2024 among integrated PEB players in India.

The company has delivered PEBs for projects ranging from multi-level warehouses for customers engaged in e-commerce to paint production lines for customers involved in paint manufacturing and the fast-moving consumer goods (FMCG) sector for setting up manufacturing units for manufacturing their products. During the period from FY 2015 to FY 2024, the company had execution of 677 PEB contracts.

Investor Categories in Interarch Building Products IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Interarch Building Products IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.