ARC Insulation share price: Stock debuts at 16% premium on NSE SME; here's how much investors gained per lot

The stock listed at ₹145 apiece on the SME platform of the National Stock Exchange (NSE), reflecting a premium of 16% over the issue price of ₹125.

ARC Insulation share price: Here's how much investors gained

The minimum investment for individual investors was two lots or 2,000 shares. Investors who received ARC Insulation IPO allotment made ₹2,90,000 per lot.

The initial public offering was subscribed 18.71 times (excluding anchor investors' portion) during the three-day bidding period, according to Chittorgarh.

The ₹41.19 crore initial share sale consisted of a fresh issuance of shares worth ₹38.06 crore and an offer for sale (OFS) of ₹3.13 crore by promoter Manish Bajoria.

The fresh issue proceeds will be used to purchase new office space, for capital expenditure towards establishing a new manufacturing unit, for debt repayment, for working capital needs and for general corporate purposes.

Commenting on the IPO, Manish Bajoria, Managing Director of ARC, had said, "This IPO represents more than just a financial milestone; it is an opportunity to scale our innovation-driven growth. With our expertise in FRP composites and a strong foundation built on sustainability, we are confident in deepening our presence in both Indian and global infrastructure markets."

Incorporated in 2008, ARC Insulation & Insulators manufactures Glass Fiber Reinforced Polymers (GFRP)/Fiber Reinforced Polymers (FRP) Products which can be used as a substitute for steel bars/rebars.

Its products include GFRP rebars, GFRP pipelines, GFRP tubes, GFRP cable trays, GFRP fencing for transformers, and other products designed for industrial, energy and marine sectors' industrial and construction applications.

ARC Insulation IPO shares list below GMP estimates

Shares of ARC Insulation listed way below the GMP estimates, which had suggested a listing gain of 64%, according to media reports and investorgain.com.