Interarch Building IPO Day 2: Interarch Building Services was subscribed to a total of 6.25 times more than the offered shares on the second day of the IPO. On the first day of the IPO, it was subscribed over 3 times. The retail segment was fully booked on the first day itself getting subscribed 2.8 times.

GMP

The shares of Interarch Building were fetching a premium of almost 38% in the grey market. An illegal place where shares trade ahead of listing. Investors take cues from GMP to track listing gains. 

IPO Details

The company wanted to collect a total of Rs 600.29 crore through a combination of fresh shares worth Rs 200 crore. And an offer for sale of Rs 400.29 crore by offloading 4.4 million s…