ArisInfra Solutions shares GMP at 11% in unlisted market. Check IPO details
Shares of the tech-driven B2B
construction materials platform
ArisInfra Solutions are trading at a
grey market premium
of 10.8% or Rs 24-25 in the unlisted market ahead of the opening of its
initial public offering
(IPO) on June 18.
The GMP refers to the premium at which shares of an upcoming IPO are trading in the unofficial or grey market before they are listed on the stock exchange. A high or positive GMP suggests strong investor demand and that the stock is likely to list at a price above its issue price.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
21st Century Skills Start with Confident Communication
Planet Spark
Learn More
Undo
A negative or zero GMP indicates weak demand and the possibility of a discount listing.
However, one should note that GMP is not regulated by SEBI or stock exchanges and is driven by market sentiment and may not always reflect the actual listing price. It is often used by retail and HNI investors to gauge possible listing gains or losses.
About ArisInfra Solutions IPO
Live Events
The IPO, comprising solely a fresh issue of equity shares, and has set a price band of Rs 210–222 per share for its Rs 500 crore IPO, which will open for subscription on June 18 and close on June 20.
The shares of the company are expected to be listed on BSE and NSE on June 25. Allotment is likely to be finalized by June 23.
As per the minimum bid details, retail investors are required to apply for at least one lot comprising 67 shares, amounting to an investment of Rs 14,070 at the lower price band or Rs 14,874 at the upper band to be eligible for allotment. For sNII investors, the minimum application is 14 lots (938 shares), requiring an investment of approximately Rs 2,08,236, while the NIIs must bid for a minimum of 68 lots (4,556 shares), amounting to Rs 10,11,432.
As stated in the company's Draft Red Herring Prospectus (DRHP), the net proceeds from the public issue will primarily be utilized to meet ArisInfra's working capital requirements as it expands its operations across various regions.
The issue is being managed by
JM Financial
,
IIFL Capital Services
, and
Nuvama Wealth Management
, while MUFG Intime India (Link Intime) has been appointed as the registrar to the offer.
About ArisInfra Solutions
Founded in 2021, ArisInfra Solutions is backed by Siddharth Shah, co-founder of PharmEasy, and is focused on digitally transforming the procurement ecosystem for construction materials. The company operates as a technology-driven
B2B procurement
platform, serving institutional buyers such as real estate developers, contractors, and infrastructure companies with bulk materials like steel, cement, and aggregates.
ArisInfra integrates warehousing, logistics, quality control, and just-in-time delivery into a unified digital platform. Through its streamlined interface, clients can seamlessly place orders, track shipments, manage documentation, and access technical support — positioning the company at the forefront of innovation in the construction supply chain sector.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
17 minutes ago
- Time of India
Betting on gold! Central banks around the world to continue buying gold this year; holdings to see big increase
Gold retains its position as a reliable protective asset, helping to minimise risks during persistent economic and geopolitical instability. (AI image) Gold continues to be a favourite for central banks! Amidst rising global economic uncertainties and geopolitical tensions, central banks around the world will continue to stock up on gold, says a World Gold Council survey. Gold retains its position as a reliable protective asset, helping to minimise risks during persistent economic and geopolitical instability. According to fresh 2025 statistics published by the World Gold Council on Tuesday, approximately 95 per cent of reserve managers anticipate continued growth in central banks' gold reserves over the next 12 months. This figure marks the highest level since monitoring began in 2019, showing a substantial increase of 17 per cent compared to 2024 results. The 2025 Central Banks Gold Reserves (CBGR) survey, which includes responses from 73 central banks worldwide, reveals that approximately 43 per cent of these institutions intend to expand their gold holdings within the coming year. Also Read | Gold price rise impact: Value of RBI's gold surges 57% to Rs 4.32 lakh crore Reserve managers maintain their positive stance towards gold, despite its current peak prices and a consistent 15-year trend of central bank acquisitions. The primary reasons for maintaining gold reserves have evolved to focus on its value preservation capabilities (80 per cent), portfolio diversification benefits (81 per cent), and reliable performance during challenging periods (85 per cent). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Wrinkle Cream Keeps Selling Out At Costco (Find Out Why) The Skincare Magazine Undo Central banks within emerging markets and developing economies (EMDE) continue to express optimism regarding gold's future significance in their reserve portfolios. A significant proportion of EMDE respondents (48 per cent) anticipated an increase in their gold reserves within the next 12 months, whilst only 21 per cent of advanced economy respondents shared this outlook, showing an increase from the previous year. For EMDEs, inflation (84 per cent) and geopolitical circumstances (81 per cent) were primary considerations for holding gold, alongside interest rates. In contrast, advanced economies showed lower concern, with 67 per cent and 60 per cent respectively prioritising these factors. Also Read | India has the world's 7th highest gold reserves! Why is RBI buying gold and how does it help the Indian economy? There is a noticeable trend towards domestic gold storage, with 59 per cent of respondents now keeping gold locally, an increase from 41 per cent in 2024. The majority of participants (73 per cent) anticipate a reduction in US dollar holdings within global reserves over the next five years. The survey indicates that alternative currencies, including the euro and renminbi, alongside gold, are expected to gain prominence in global reserves during this period. Shaokai Fan, Global Head of Central Banks & Head of Asia-Pacific (ex-China), commented: "After eight years of conducting this survey, we have reached an important milestone: nearly half of the central bank respondents intend to increase their own gold holdings in the coming year." "This is remarkable, especially considering how many record-high prices we've hit so far in 2025. Notably, this reflects the current global financial and geopolitical environments. Gold remains a strategic asset as the world faces uncertainty and tumult. Central banks are concerned about interest rates, inflation, and instability - all reasons to turn to gold to mitigate risk," added Shaokai Fan. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
17 minutes ago
- Time of India
Expats empty-handed after job offers on visit visas: What every UAE jobseekers need to know
Under UAE law, employers face fines up to AED 1 million for hiring without a work permit, while employees working on visit visas risk penalties and deportation/ Image generated by AI for creative & illustrative purposes only Many expatriates arriving in the UAE have been found working without formal contracts or employment visas, leaving them vulnerable to legal and financial troubles. Despite receiving job offers or offer letters, these individuals often start working on visit visas, only to be abandoned by employers and forced to leave the country empty-handed. Starting Work Without a Legal Visa: A Growing Problem Jobseekers arriving in the UAE are being warned strongly against beginning work while still on visit visas—even if they have received job offers. According to UAE labour laws, it is unlawful to work without a valid employment visa. Yet, several cases have emerged where expats start working based on job offer letters or verbal promises, hoping to secure a permanent employment visa later. Dina Subhi Al Obaidi, a UAE-based recruiter and founder of Chronicle L.L.C FZ, told Khaleej Times that 'It's illegal to hire or allow anyone to work on a visit visa.' She emphasized that 'Employers must obtain labour approval and issue valid work permits before an employee begins any job duties.' Al Obaidi pointed out that many candidates, especially those new to the UAE or on visit visas, 'often lack clarity on hiring processes' and are sometimes 'left unsupported or misled. Awareness is key to protection.' Personal Stories: Legal Limbo and Financial Loss Two individuals' experiences highlight the risks faced by those working on visit visas without formal contracts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play Chess on Your PC, Free Play Classic Chess Install Now Undo Akram (name changed), a sales executive, received a job offer from a lighting and home décor company in Abu Dhabi. He was instructed to return to India as his initial visa was expiring and re-enter the UAE on a new visit visa to begin the employment visa process. Akram spent over Dh2,500 on travel, flew back, and started work the day after arriving on April 22, 2025. He worked for approximately 40 days, during which the company promised his employment visa would be completed by early June. However, on June 2, Akram was informed that the company would not continue with his hiring. With his visit visa nearing expiry and no legal work permit, Akram faced the prospect of returning home without a job. Yasir, 29, a marketing graduate, found a job at an event management firm via a job portal. He received an offer letter and was told his visa application was underway. Yasir started working in January 2025 and stayed nearly two months. Each time he inquired about the visa, he was told it was pending. In early March, citing budget constraints, the company canceled his hiring plan without issuing an official termination letter and paid him only half the promised salary. With his visit visa expiring, Yasir had no legal status in the UAE and was forced to leave the country on March 6, 2025. Legal Framework: Work Permits and Residency Visas Are Mandatory Under UAE law, working on a visit visa is prohibited. Federal Decree Law No. 33 of 2021 and Federal Decree Law No. 29 of 2021 require employees to have a valid work permit and residency visa before beginning any job. Employers who violate these regulations face heavy penalties. According to Article 60(1)(a) of Federal Decree Law No. 9 of 2024, fines range from Dh100,000 to Dh1 million for hiring without proper documentation. Dina Subhi Al Obaidi highlighted common red flags that candidates should watch for, including: Being asked to pay for jobs or visas Starting work before receiving a legal employment visa Receiving only verbal job offers Changes in job terms mid-process 'These are unacceptable and unethical practices,' she said. She added that ethical hiring involves 'issuing a formal offer letter, completing the visa process before onboarding, and being transparent about salary and responsibilities.' Employers have a responsibility 'to support candidates who are new but show potential.' Emotional and Psychological Impact of False Promises Beyond the legal implications, the human cost of unethical hiring practices is deeply significant. Dr Amir Javaid, a consultant psychiatrist at Burjeel Medical City in Abu Dhabi, highlighted the emotional toll these false job promises take on individuals. He explained that such experiences often lead to 'emotional instability, anger, and irritability,' especially for expatriates who find themselves isolated and vulnerable in a foreign country. 'Behind every CV is a person who may have left home in search of a future,' Dr Javaid told Khaleej Times. 'When their hopes are shattered by broken promises, it causes profound feelings of betrayal and insecurity.' This emotional upheaval can result in long-term psychological consequences, including depression, anxiety, low self-confidence, and even post-traumatic stress disorder. Some affected individuals may require professional psychiatric care to cope and recover. Dr Javaid urged jobseekers to remain vigilant for signs of trauma following such experiences. Symptoms might include mood swings, irritability, sleep disturbances, social withdrawal, and a noticeable lack of motivation. From an employer's perspective, Dr Javaid emphasized the critical role of responsibility and transparency. 'Companies must avoid making false promises, provide clear and timely notice when changes occur, offer alternative roles where possible, and prioritize the psychological safety of their employees.' He further recommended that organisations foster empathetic communication and engage occupational health teams to support employees' mental well-being.
Mint
20 minutes ago
- Mint
Vedanta subsidiary Hindustan Zinc declares ₹12,000 crore capex plan. Details here
The board of Hindustan Zinc on Tuesday, June 17, sanctioned a plan to increase its integrated refined metal capacity by 250 ktpa, in conjunction with corresponding enhancements to mines and mills capacity, with an investment of approximately ₹ 12,000 crore. In an exchange filing, the company stated that this expansion corresponds with the significant increase in demand anticipated both in India and around the world over the next five years. The completion of the project is projected to take place within a duration of 36 months. 'We are excited to announce this 2x growth project towards doubling our capacity across zinc, lead and silver, which is strategically aligned with the country's expanding economic landscape, increasing demand opportunities and keeping the country self-reliant for Zinc. By closely matching the pace of national growth, we are confident that this will create significant value for our stakeholders and drive long-term success,' said Arun Misra, Chief Executive Officer of the company. Hindustan Zinc is the largest integrated zinc manufacturer in the world and ranks among the top five silver producers worldwide. The company sells its products to over 40 countries and commands approximately 77% of India's primary zinc market. For the March quarter of 2025, Hindustan Zinc announced a consolidated net profit of ₹ 3,003 crore, reflecting a 47.3% rise compared to the previous year when the profit was ₹ 2,038 crore. The company's revenue for the recent January-March quarter grew to ₹ 9,314 crore, up from ₹ 7,822 crore during the same period last year. Hindustan Zinc share price today slumped over 5% as the stock traded ex-dividend. The company had declared an interim dividend of ₹ 10 apiece. The stock opened at ₹ 505 apiece on the BSE. Hindustan Zinc share price touched an intraday high of ₹ 506.50 per share, and an intraday low of ₹ 484.90 apiece. According to Anshul Jain, Head of Research at Lakshmishree Investments, Hindustan Zinc share price broke out of a 104-day-long rounding bottom pattern at 480 and is currently retesting the breakout zone. 'The price action remains constructive, and as long as the stock sustains above 475–480, the pattern remains valid. The immediate target is the 50% retracement of the recent fall, placed around 575. While volumes during the pattern formation were healthy, the absence of strong institutional accumulation suggests a measured upside,' Jain added.
