Company has more than three decades of experience in the pre-engineered steel buildings industry
MUMBAI, Aug (The CONNECT) – The shares of Interarch Building Products Limited, which debuted on the exchanges at premium yesterday, closed at 1,199.55 on the BSE, 1198.80.
The company had offered Rs 4,653,341 crore issue for subscription from August 19 to August 21. This garnered substantial interest, and the offer was subscribed 93.79 times. Qualified Institutional Buyer and Non-Institutional Investors Portion was subscribed 197.29 times and 130.91 times respectively. Retail Portion was subscribed 19.46 times, whereas Employee Portion was subscribed 25.75 times.
Interarch Building Products was incorporated in 1983 and has more than three decades of experience in the pre-engineered steel buildings (PEB) industry, under the brands, TRAC and TRACDEK, Over the years, the company has evolved into a turn-key PEB solutions provider, with integrated facilities for design and engineering, manufacture, and on-site project management capabilities for the installation and erection of PEBs supplied by the company which enable it to deliver end-to-end solutions to its customers.
Interarch Building Products Limited, one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for installation and erection of pre-engineered steel buildings (PEB).
Interarch’s customers under the industrial/manufacturing construction category include Grasim Industries Limited, Berger Paints India Limited, Blue Star Climatech Limited, Timken India Limited and Addverb Technologies Limited, and the infrastructure construction category includes InstaKart Services Private Limited.
Ambit Private Limited, and Axis Capital Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.
