Interarch Building Products IPO allotment: Here’s how to check the status on Link Intime, NSE

Construction solutions provider Interarch Building Products Ltd is expected to announce the IPO share allotment status on Thursday, August 22. The public offer of Interarch Building Products Ltd closed for bidding on Wednesday. The IPO opened for subscription on Monday (August 19).

Interarch Building Products attracted a strong response from investors, getting booked over 93 times at the end of the final day of bidding.

Investors are now awaiting the finalisation of share allotment status by the company. Successful investors will be intimated about the allotment through SMS and registered emails.

According to Interarch Building Products RHP, the company will initiate refunds and credit shares to demat accounts on August 23. The company has proposed listing shares on BSE and NSE on Monday, August 26. Investors can easily check the share allotment status on BSE and NSE by following these steps.

• Open NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to create a username and password on the NSE website)
• Select Interarch Building Products Limited
• Verify PAN No
• Enter IPO application No
• Click on Submit

• Open Link Intime India website (https://www.linkintime.co.in/)
• Click on Investor Services
• Select Public Issues
• Select Interarch Building Products Ltd
• Enter application No or PAN, DP/Client ID or Account No / IFSC
• Submit to check the allotment status

• Open BSE website (https://www.bseindia.com)
• Select Investor Relations and go to public issues
• Click on Application Status (https://www.bseindia.com/investors/appli_check.aspx)
• Select Interarch Building Products Limited
• Enter PAN details or application number
• Submit to check details

Interarch Building Products IPO objective

The company has proposed to utilise the IPO proceeds from the fresh issue to meet capital expenditure, system upgrades and general corporate purposes.

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

Interarch Building Products IPO details

The ₹600.29 crore IPO of Interarch Building Products was a fresh issue of 22 lakh shares worth up to ₹200 crore and an offer for sale (OFS) of 44 lakh shares worth up to ₹400.29 crore by selling shareholders.

The company fixed the price band at ₹850 to ₹900 per share. The minimum lot size was 16 shares, requiring an investment of ₹14,400 from retail investors. Interarch Building Products IPO booked 93 times.

Interarch Building Products IPO was subscribed 93.46 times at the end of bidding on August 21.

The initial share sale garnered bids for 43.87 crore (43,87,96,464) shares against 46,91,585 shares on offer, according to the exchange data. The Qualified Institutional Buyers (QIBs) portion was booked 205.41 times.

The Non-Institutional Investors’ quota was subscribed 128.42 times, and the retail individual investors (RIIs) part was subscribed 19.11 times. The Interarch Building Products IPO was fully subscribed on Monday, August 19, the first day of bidding.