Arisinfra Solutions IPO allotment status expected today; here's how to check
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The allotment status for Arisinfra Solutions' Rs 500 crore initial public offering (IPO) is expected to be finalised today. Investors who applied in the public issue can check whether they have been allotted shares by visiting the registrar's website or the BSE portal once the allotment is processed.The IPO, which ran from June 18 to June 20, was entirely a fresh issue of 2.25 crore shares priced at Rs 222 apiece. The issue received a decent overall subscription of 2.80 times, with strong demand from retail investors, who subscribed 5.90 times their allocated portion.The non-institutional investor (NII) category was subscribed 3.32 times, while the Qualified Institutional Buyer (QIB) segment was subscribed 1.50 times. Anchor investors had earlier brought in Rs 224.82 crore ahead of the IPO launch.On the registrar's website (Link Intime):Visit https://linkintime.co.in/initial_offer/public-issues.html Select 'Arisinfra Solutions Limited' from the dropdown menuEnter your PAN, application number, or DP/Client ID to view the allotment detailsGo to https://www.bseindia.com/investors/appli_check.aspx Select 'Equity' and choose 'Arisinfra Solutions Limited' from the dropdownArisinfra Solutions is a B2B tech-driven player in the construction materials procurement and supply space, serving clients across over 900 pin codes in India. The company plans to use the IPO proceeds to repay borrowings, meet working capital needs, and invest in its subsidiary Buildmex-Infra.The shares are expected to be credited to demat accounts by June 24, and the stock is scheduled to list on both BSE and NSE on June 25.
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