Interarch Building Products IPO opens for subscription. Should you bid or skip?

The IPO of Interarch Building Products opened today and will be available until August 21. The company raised Rs 179 crore from anchor investors. The IPO aims to raise Rs 600.29 crore at the upper price band, with a fresh issue of shares worth Rs 200 crore and an OFS of up to 44.47 lakh shares.