The company has informed the exchanges that it has announced to anchor investors on Friday Rs. 900 per share allotted 19,94,288 equity shares.
InterArc is a pre-engineered steel construction solution provider in India with integrated facilities for design and engineering, manufacturing and installation and construction of pre-engineered steel buildings (PEB) with on-site project management capabilities.
Foreign and domestic institutions participating in the anchor were ICICI Prudential MF, Whiteoak Capital MF, Mirae Asset MF, 3P India MF, Pinebridge Global Funds, LC Pharos MF, SBI General Insurance, Eastspring Investment India, Bajaj Allianz Insurance Company, Chartered Finance & Insurance Company. . Leasing Ltd., Bengal Finance & Investment, Aryabhat MF, Carnelian Capital Compounder Fund, Societe Generale, and Subhkam Ventures (I) Pvt. Ltd.
Out of the total allocation of 19,94,288 equity shares to anchor investors, 7,16,592 were allotted to 3 domestic mutual funds through 8 schemes totaling Rs. 64.49 crores (approx.) i.e. 35.93% of the total anchor book size.
Ambit Pvt Ltd and Axis Capital Ltd are the book running lead managers and Link Intime India Pvt Ltd is the registrar of the offer. The equity shares are proposed to be listed on BSE and NSE.
Interarch Building Products IPO Details
In IPO Rs. 200 crore in fresh issue and promoter selling shareholders and investors including offer for sale (OFS) of 44,47,630 equity shares to selling shareholders. For eligible employees in the offer Rs. 2 crore reservation and per share Rs. 85 inclusive of employee discount.
The company is offering a three-day offer of Rs. 850 – Rs. 900 per equity share price has fixed the price band. At the upper end of the IPO price band is Rs. 600.29 crore will get.
Investors can bid for a minimum of 16 equity shares and thereafter in multiples of 16 equity shares.
The offer is being made through a book building process, wherein not more than 50% will be available to qualified institutional buyers, not less than 15% will be available for allotment to non-institutional bidders and not less than 35% will be available for allotment. Retail individual bidders.
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