Interarch Building Products Share Price Highlights: Stock settles 7.3% lower after listing at 44.3% premium on NSE (2024)

Interarch Building Products Share Price Live Update at 3:40 pm: Shares of Interarch Building Products settled 7.3% lower at ₹1,203.1 apeice on the NSE.

Interarch Building Products Share Price Live Update at 1:27 pm: How will the company use fresh issue proceeds?

Proceeds from the fresh issue will be used for capital expenditures, system upgrades and general corporate purposes.

Interarch Building Products Share Price Live Update at 1:27 pm: Trading stats

Current price: ₹1,222.8 (-5.8%)
Listing price: ₹1,299
Issue price: ₹900
Total m-cap: ₹2,034.8 crore

Interarch Building Products Share Price Live Update at 12:31 pm: Shares of Interarch Building Products were trading at ₹1,226 apiece, down 5.6%, on the NSE.

Interarch Building Products Share Price Live Update at 11:16 am: The market capitalisation of Interarch Building Products stands at ₹2,036.9 crore as shares slide 5.7% after listing.

Interarch Building Products Share Price Live Update at 10:47 am: Shares of the construction solutions provider were trading 5.1% lower at ₹1,232.1 apiece on the NSE after listing at 44.3% premium.

Interarch Building Products Share Price Live Update at 10:18 am: Following listing at 44.3% premium, shares of Interarch Building Products were trading at ₹1,235.9 apiece, down 4.8%, on the NSE.

Interarch Building Products Share Price Live Update at 10:00 am: Shares of Interarch Building Products listed at premium of 44.3% against the issue price of ₹900 per share on the National Stock Exchange (NSE). It gained 43.4% on the BSE.

Interarch Building Products IPO Listing Live Update at 9:40 am: Risks and threats

Dependent on the same clients as repeat orders made up 81% of its revenue in FY24.
Customers do not commit to long-term or continuing contracts, cancel or modify their orders, or postpone or default on their payments.
It operates in a cyclical industry and is affected by seasonal variations, affecting its results' consistency.
Manufacturing facilities in Tamil Nadu and Uttarakhand expose it to social, political, economic or seasonal risks.
Benefits from the National Steel Policy (NSP) and withdrawal might affect its finances.
Inability to collect trade receivables will affect its operations as they amass to ₹218 crore as of FY24.
Has incurred indebtedness totalling ₹298 crore as of May 31, 2024.

Interarch Building Products IPO Listing Live Update at 9:08 am: Strengths and opportunities

Established brand presence and third position in India in terms of operating revenue from pre-engineered buildings (PEB) business in FY24.
Vertically integrated manufacturing units are supported by dedicated design and engineering centres in Chennai, Hyderabad, and Noida.
Track record of execution capabilities with major current projects like an automotive component manufacturing unit for Timken India, a big box fulfilment centre for a warehousing and logistics service provider, an air conditioning (AC) manufacturing unit, and PEBs at five locations for Grasim Industries.
The customer base operates in diverse industries, such as industrial/ manufacturing construction, infrastructure construction, and building construction.
Demonstrated financial performance with EBITDA margins of 3%, 9%, and 8% in FY22, FY23, and FY24, respectively.

Interarch Building Products IPO Listing Live Update at 8:40 am: Financials

Particulars	FY22	FY23	FY24
Revenue	₹834 crore	₹ 1,123 crore	₹1,293 crore
Net Profit	₹17.1 crore	₹81.4 crore	₹86.2 crore

Interarch Building Products IPO Listing Live Update at 8:24 am: Shares of Interarch Building Products will be listed on the NSE and the BSE at 10 am on Monday, August 26.

Interarch Building Products IPO Listing LIVE: Interarch Building Products shares will get listed on the stock exchanges- the National Stock Exchange (NSE) and the BSE - on Monday, August 26. The initial public offer (IPO) of construction solutions provider got subscribed 93.46 times on during the three-day bidding period from August 19 to August 21.

The ₹600-crore public offer received bids for 43,87,96,464 equity shares against 46.91 lakh shares on offer.

The part for qualified institutional buyers or QIBs fetched 205.41 times subscription while the portion for non-institutional investors (NIIs) attracted 128.42 times subscription. The retail investors category got subscribed 19.11 times.

Also Read: Upcoming IPOs: Eight new IPOs to open for subscription next week; check full list

The IPO, with price range fixed at ₹850-₹900 per share, was a fresh issue of ₹200 crore and an offer for sale of up to 44,47,630 equity shares.

The fresh issue proceeds will be utilised for system upgrades, capital expenditures, and general corporate purposes.

Interarch Building Products is 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 the installation and erection of pre-engineered steel buildings.

To know more about IPOs listing, schedule and upcoming IPOs, click here.

Interarch Building Products Share Price Highlights: Stock settles 7.3% lower after listing at 44.3% premium on NSE (2024)

FAQs

What happens when share price falls below face value? ›

If the market value is less than the face value, it is selling at a discount or below par. For example, if a share with a face value of Rs 100 is selling for Rs 50, it is at a discount of Rs 50.

View Details ›

What do Interarch building products do? ›

Interarch Building Products Limited is one of India's leading providers of turnkey pre-engineered steel construction solutions, offering integrated facilities for design and engineering, manufacturing, and onsite project management for the installation and erection of pre-engineered steel buildings.

Show Me More ›

How do you know when share price will decrease? ›

If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall.

Show Me More ›

How much can a share price rise or fall in a day? ›

It's the maximum allowable increase or decrease in a company's stock price. The price range for equities might range from 2% to 20%. The stock exchange determines this range after reviewing the share's past price behaviour. The daily price range also considers the previous day's closing price.

What happens when you hold a bond until its maturity date? ›

Investors who hold a bond to maturity (when it becomes due) get back the face value or "par value" of the bond. But investors who sell a bond before it matures may get a far different amount. For example, if interest rates have risen since the bond was purchased, the bondholder may have to sell at a discount—below par.

Get More Info Here ›

Can delisted stock come back? ›

A delisted stock can be relisted only if SEBI permits it. The market regulator lays out different guidelines for relisting such shares. Relisting of voluntarily delisted stocks: Such shares will have to wait five years from their delisting date to get relisted again.

Know More ›

Which stock will skyrocket? ›

10 Best Growth Stocks to Buy for 2024

Stock	Implied upside*
Mastercard Inc. (MA)	19.4%
Netflix Inc. (NFLX)	5.2%
T-Mobile US Inc. (TMUS)	6.9%
Wells Fargo & Co. (WFC)	21.5%

6 more rows

4 days ago

What happens if share price drops too low? ›

When a stock's price falls to zero, a shareholder's holdings in this stock become worthless. Major stock exchanges actually delist shares once they fall below specific price values. The New York Stock exchange (NYSE), for instance, will remove stocks if the share price remains below one dollar for 30 consecutive days.

Explore More ›

Is a lower share price better? ›

The low-priced stocks are cheaper, and hence they are considered highly volatile. Naturally, they have higher to fall rapidly in price because they rise and fall in a short span and frequently. Hence, investors looking for security and stable stocks don't prefer low-priced stocks.

What is the 11am rule in trading? ›

The 11 a.m. trading rule is a general guideline used by traders based on historical observations throughout trading history. It stipulates that if there has not been a trend reversal by 11 a.m. EST, the chance that an important reversal will occur becomes smaller during the rest of the trading day.

Know More ›

What is the 3 day rule in stocks? ›

The 3-Day Rule in stock trading refers to the settlement rule that requires the finalization of a transaction within three business days after the trade date. This rule impacts how payments and orders are processed, requiring traders to have funds or credit in their accounts to cover purchases by the settlement date.

What is the 10 am rule in stock trading? ›

Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and the time between 9:30 a.m. and 10 a.m. often has significant trading volume. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.

What happens to share price when face value is reduced? ›

The existing shareholders will only see the number of shares increases but total value whether it is investment value or the market value all remains same. The price of per equity shares reduces it depends on the how it has been split.

Can a share go below its face value? ›

Can Share price go below the face value? In the case of such stocks, the nominal value can be greater than the current value. If the selling value is much less than the face value, it is sold at a discount or below par that is below the face value resulting in less selling price of the share.

Read The Full Story ›

Do you owe money if a stock goes negative? ›

No. A stock price can't go negative, or, that is, fall below zero. So an investor does not owe anyone money. They will, however, lose whatever money they invested in the stock if the stock falls to zero.

Explore More ›

Can shares be transferred below face value? ›

It is possible for private company shares to be transferred for less than their value, but this will usually only occur in cases where the seller is in financial difficulty. If a share transfer takes place at below market value, the tax authorities may deem it to be a 'disguised sale' and apply appropriate taxes.

Read The Full Story ›