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Interarch Building Products Limited made a strong debut on the bourses in Monday's session. On the NSE, the stock against the IPO price of Rs 900 listed at Rs 1,299, up over 44 per cent, while on the BSE the stock debuted at Rs 1,291.2, up 43.47 per cent. Shivani Nyati, Head of Wealth, Swastika Investmart Interarch Building Products Limited (IBPL) said the positive performance is attributed to the company's established market position, integrated manufacturing capabilities, and consistent financial growth. The IPO was well-received by investors, with a subscription rate of 93.79 times, indicating strong demand. This strong response reflects investor confidence in IBPL's continued growth and potential for success. Interarch Building Products' strong listing is a positive indicator of its future prospects. So those who want to hold it for the long term are suggested to keep a stoploss at 1200. Interarch Building Products IPO enabled the company to garner Rs 600.29 crore from the book-built issue which was a combination of fresh issue of 22.22 lakh equity shares worth Rs 200 crore and an offer-for-sale (OFS) component of 44.47 lakh shares aggregating to Rs 400.29 crore. Interarch Building Products was incorporated on November 30, 1983. It is a turnkey pre-engineered steel construction solution provider in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings. Get Latest Business News , Stock Market Updates and Videos ; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Business Twitter and Facebook . Subscribe on YouTube . None
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