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.