Interarch Building Products IPO
Interarch Building Products Limited (INTERARCH) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 26 August 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +60.6% (likely range +36% to +106%), day's high +74.2%, chance of a gain 97%. Actual: +44.3% at the open, +46.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 12,76,920 | 26,22,98,016 | 205x | |
| NII (HNI) total | 10,16,557 | 13,05,44,944 | 128x | |
| Big NII (above ₹10 lakh) | 6,77,704 | 9,85,93,744 | 145x | |
| Small NII (₹2-10 lakh) | 3,38,853 | 3,19,51,200 | 94.3x | |
| Retail | 23,71,965 | 4,53,27,760 | 19.1x | |
| Employees | 26,143 | 6,32,432 | 24.2x | |
| Total | 46,91,585 | 43,88,03,152 | 93.5x |
Bids on NSE and BSE together, as published by NSE, as of 21 Aug 2024, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Interarch Building Products's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Stanley LifestylesJun 2024 | 222x | 120x | 19.2x | 97.0x | ₹534 Cr | +34.1% | +38.0% |
| DEE Development EngineersJun 2024 | 202x | 144x | 23.4x | 99.6x | ₹431 Cr | +67.0% | +80.2% |
| SanstarJul 2024 | 146x | 136x | 24.2x | 83.0x | ₹510 Cr | +14.7% | +35.6% |
| Netweb Technologies IndiaJul 2023 | 229x | 81.8x | 19.2x | 90.4x | ₹625 Cr | +89.4% | +90.4% |
| Azad EngineeringDec 2023 | 180x | 87.6x | 23.8x | 80.7x | ₹751 Cr | +37.4% | +38.7% |
| Laxmi Organic IndustriesMar 2021 | 175x | 218x | 20.1x | 107x | ₹605 Cr | +19.6% | +34.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Ambit | 13 | +24.3% | 69% |
| Axis Capital | 107 | +20.4% | 73% |
Offer documents (NSE)
Frequently asked
What is the Interarch Building Products IPO price band and lot size? ₹850–900 per share, with a lot of 16 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 93.5x overall: QIB 205x, NII 128x, retail 19.1x, employees 24.2x.
How did it list? It opened at ₹1,299, +44.3% against the issue price of ₹900, and closed its first day +32.9%.
