ARC Insulation & Insulators IPO opens for subscription today; GMP at 17%
The Initial Public Offering of ARC Insulation began. The IPO aims to raise Rs 41.19 crore. It includes a fresh issue and an offer for sale. The IPO closes on Monday. Grey market premium suggests potential listing gains. The company specializes in glass fiber reinforced polymer products. Revenue and profit have shown strong growth.
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The initial public offering (IPO) of ARC Insulation and Insulators opened for subscription on Thursday. The Rs 41.19 crore SME issue, comprising a fresh issue of Rs 38.06 crore and an offer for sale of Rs 3.13 crore, will close on Monday.The IPO is commanding a grey market premium (GMP) of 17%, suggesting a listing gain of around Rs 20 per share over the upper price band of Rs 125.The price band has been fixed at Rs 119–125 per share, with investors able to bid for a minimum of 2,000 shares, requiring a minimum investment of Rs 2.5 lakh. Gretex Corporate Services is the book-running lead manager, while Maashitla Securities is the registrar.Incorporated in 2008, ARC Insulation specializes in glass fiber reinforced polymer (GFRP) products used in construction, chemicals, power, marine, and mining sectors.The company offers rebars, gratings, tubes, fencing, and trench covers known for corrosion resistance and durability. Its unit in West Bengal is ISO 2015 certified, and the firm has also supplied GFRP solutions for marine and chemical processing applications.The company's financials show strong growth. Revenue rose 15% to Rs 33.15 crore in FY25, while profit after tax jumped 40% to Rs 8.57 crore..The company's shares are set to list on NSE SME with a tentative listing date of August 29.
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