On Friday, Interarch Building Products Limited’s share prices increased by over 14%.
This rise is due to the company securing new contracts worth Rs 633.50 crore for the financial year 2025.
As a result, the company’s total order book is expected to exceed Rs 1350 crore. Notably, they have received contracts from Reliance Industries and Ashok Leyland.
Stock Performance Highlights
The stock opened at Rs 1255 on the BSE. It climbed more than 14% during the day, reaching an intra-day high of Rs 1348.30, which marks a 52-week high. By the end of the market day, the share price was Rs 1325.50.
Recent Contracts and Upcoming Work
In the first quarter of this financial year, Interarch secured contracts worth Rs 341 crore. This includes Rs 114 crore from Reliance Industries and Rs 60 crore from MPIN Solar.
Future work is expected from IDVB Recycling, SMCC Construction, Tata Advanced Systems, Brit Logistics, and Uttam Bharat.
So far in the second quarter, the company has received Rs 293 crore worth of contracts. This includes Rs 50 crore from Amara Raja Infra and Rs 26 crore from Ashok Leyland.
IPO Details
Interarch’s IPO opened on August 19, 2024, and closed on August 21. The price band for the IPO was set between Rs 850 and Rs 900 per share.
Investors had to place a minimum bid of Rs 14,400 to purchase 16 shares. The company successfully raised Rs 179.49 crore from anchor investors.
