Interarch Building Products Ltd. made an impressive debut on the stock exchanges on Monday, August 26, with its shares listing at a 44.33% premium over the IPO price of ₹900.
The shares opened at ₹1,299 on the NSE, while on the BSE, they began trading at ₹1,291.20, reflecting a 43% premium.
The company’s strong performance comes after its IPO received overwhelming demand, with the issue being subscribed 93.53 times by the close of bidding on August 21. Institutional investors led the charge, booking over 200 times their allotted shares, while retail investors and employees also showed significant interest.
Interarch Building Products, known for providing turnkey pre-engineered steel construction solutions in India, raised ₹200 crore through a fresh issue in the IPO, along with a ₹400 crore Offer for Sale from existing shareholders.
Analysts like Akriti Mehrotra of StoxBox have advised holding onto the shares for medium to long-term gains, highlighting the company’s promising outlook.
Interarch shares were trading with a premium of ₹325 in the grey market, signaling strong investor confidence.
