Shardul Amarchand Mangaldas & Co. advised Interarch Building Products Limited, a leading turnkey pre-engineered steel building solution provider in India with integrated facilities for design and engineering, manufacturing, on-site project management capabilities for the installation and erection of pre-engineered steel buildings, on its initial public offering of equity shares (IPO) of approximately US$ 72 million. The equity shares were listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on August 26, 2024. The IPO included a secondary offer for sale of equity shares of US$ 19.27 million by OIH Mauritius Limited (Everstone Capital).
The IPO was subscribed over 66.90 times overall with an employee reservation of ₹ 20.00 million
The transaction team was led by Nikhil Naredi, Partner and Abhiroop Amitava Datta, Partner; with assistance from Trishita Dasgupta, Counsel; Ankur Verma, Senior Associate; and Debolina Mitra, Associate. Special thanks to Kamiya Marwah, Senior Associate and Shivang Agarwal, Associate.
Ambit Private Limited and Axis Capital Limited were the Book Running Lead Managers on the transaction.
