Interarch Building Products saw its shares settle 7.3% lower at ₹1,203.1 on the NSE by 3:30 pm, following a robust debut where the stock listed at a 44.3% premium. Earlier in the day, at 1:27 pm, the company outlined how it plans to utilize the proceeds from its fresh issue.
The funds will be directed towards capital expenditures, system upgrades, and general corporate purposes. Despite the initial enthusiasm, the share price faced a notable decline, reflecting market adjustments post-listing.