The Interarch Building Products IPO has generated significant interest ahead of its listing on Monday, August 26, 2024. The grey market premium (GMP) for the IPO remains firm, trading at around ₹350-354, indicating a potential 39-40% gain over the issue price of ₹900. This reflects strong market sentiment and expectations of healthy listing gains.
Source:- news 18
The IPO was well-received, with a subscription rate of 10.96 times, driven mainly by non-institutional investors. The company aims to raise ₹600.29 crore through this IPO, which includes both a fresh issue and an offer for sale.
Source:- India Today
Given Interarch’s strong position in the pre-engineered buildings (PEB) sector and its solid financial performance, analysts have recommended subscribing to the IPO, anticipating a possible 25% gain on listing. The company’s diverse customer base and significant market share further bolster its growth prospects.
Overall, Interarch’s IPO presents an attractive opportunity, especially for those looking for short-term listing gains as well as long-term investment potential
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