Interarch Building Products Ltd IPO
Initial public offering of [*] equity shares of face value of Rs. 10 each (Equity Shares) of Interarch Building Products Limited (The Company or the I...
IPO Listing Details
- Listing Date
26 Aug 2024
- Listing Price
₹1,291.20
- Listing Change
43.47%
- Last Traded Price
₹1,459.00
IPO Details
- Open Date
TBA
- Close Date
TBA
- IPO
Price Range
₹ 60-70
- IPO
Size
₹ 1200 Cr
- Listing Exchange
TBA
- Listing Date
TBA
IPO Timeline
Initial public offering of [*] equity shares of face value of Rs. 10 each (Equity Shares) of Interarch Building Products Limited (The Company or the Issuer) for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share (the Offer Price) aggregating to Rs. [*] crores (The Offer). The offer comprises of a fresh issue of [*] equity shares aggregating up to Rs. 200.00 crores by the company (Fresh Issue) and an offer for sale of up to 4,447,630 equity shares aggregating to Rs. [*] crores comprising of up to 720,000 equity shares aggregating to Rs. [*] crores by Arvind Nanda, of up to 790,000 equity shares aggregating to Rs. [*] crores by Gautam Suri and of up to 539,930 equity shares aggregating to Rs. [*] crores by Ishaan Suri (collectively, the Promoter Selling Shareholders), of up to 600,100 equity shares aggregating to Rs.[*] crores by Shobhna Suri (the Promoter Group Selling Shareholder) and of up to 1,797,600 equity shares aggregating to Rs. [*] crores by OIH Mauritius Limited (previously known as indivision india partners) (the Investor Selling Shareholder and collectively, with the promoter selling shareholders and promoter group selling shareholder, the Selling Shareholders, and such equity shares offered by the selling shareholders, the Offered Shares) The company, in consultation with the brlms may consider a private placement of equity shares to certain investors for an amount aggregating up to Rs. 40.00 crores, as permitted under applicable laws on or with the roc. The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended. The offer includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (constituting up to [*] % of the post offer paid-up equity share capital of the company), for subscription by eligible employees (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The company and the selling shareholders may, in consultation with the brlms offer a discount of up to [*]% on the offer price (equivalent to Rs. [*] per equity share) to eligible employees bidding in the employee reservation portion (Employee Discount). The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The price band, employee discount (if any) and the minimum bid lot size will be decided by the company.
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