Interarch Building Products' IPO made money!!!
Amidst the IPO boom in the stock market, another company has managed to make investors earn good money. After the IPO launched recently, today on monday, the shares of Interarch Building Products were listed with a good premium, due to which the IPO investors made a great profit on the first day in the market.
This is how the shares of Interarch Building were listed
The shares of Interarch Building Products were listed today at Rs 1,299. This means that the shares of Interarch Building Products were listed with a premium of Rs 399 i.e. 44.33 percent. It can also be said that the investors who invested money in this IPO, which came last week, earned about 45 percent with the start on the market.
Interarch Building IPO came last week
Interarch Building Products is counted among the major PEB (Pre-Engineered Buildings) suppliers. The company provides pre-engineered steel construction solutions for various purposes along with design and engineering.
The IPO of Interarch Building Products was opened for subscription last monday i.e. 19 August. Investors had time till 21 august to subscribe to the IPO. The price band of Rs 850 to 900 was fixed in the IPO, while there were 16 shares in one lot. In this way, investors needed at least Rs 14,400 to subscribe to the IPO.
Investors made so much money on each lot
After listing, the price of one share has become Rs 1,299. That is, after listing, the value of one lot of IPO has increased to Rs 20,784. This means that the investors of the IPO have got a return of Rs 6,384 on each lot in a week.
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