Arisinfra Solutions IPO: Mumbai-based firm raises ₹224.8 crore from anchor investors ahead of public issue
Arisinfra Solutions IPO: Mumbai-based construction materials provider raises ₹ 224.8 crore from anchor investors ahead of public issue.
Read all stories by Anubhav Mukherjee
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Arisinfra Solutions IPO: Mumbai-based firm raises ₹224.8 crore from anchor investors ahead of public issue
Arisinfra Solutions IPO: Mumbai-based construction materials provider Arisinfra Solutions Limited completed its anchor investor round on Tuesday, 17 June 2025. The company raised ₹ 224.8 crore from its anchor investors ahead of the public issue, according to the exchange filing. According to BSE data, the company allocated 1,01,26,946 or more than 1.01 crore equity shares to anchor investors at an allocation price of ₹ 222 per share, with a face value of ₹ 2 apiece. Citigroup Global, Astorne Capital, Necta Bloom, Nexus Global, Zeal Global, Saint Capital, Winro Commercial, and Sunrise Investment Trust are among the top investors who invested in the public issue ahead of the public subscription. Out of the 15 anchor investors, Necta Bloom VCC—Regal Fund has the largest allocation, at 16.24 per cent of the total anchor allocation. Astorne Capital came in second, with a 13.34 per cent allocation of the total anchor issue. There were no domestic mutual funds that applied for the anchor investor issue on Tuesday, according to the BSE filing. As of Tuesday, 17 June 2025, the grey market premium (GMP) for Arisinfra Solutions IPO stood at ₹ 25 per share. With the upper price band at ₹ 222 per share, the shares are expected to be listed at ₹ 247, a premium of 11.26 per cent, according to The Grey Market Premium (GMP) is an indicator of investors' willingness to subscribe to a primary issue. As of the end of the anchor day, the GMP is flat at ₹ 25 apiece. Arisinfra Solutions IPO is an entirely fresh issue of 2,25,04,324 or over 2.25 crore equity shares as the company aims to raise nearly ₹ 499.60 crore from the book-built issue. However, there is no offer-for-sale (OFS) component for this public issue. The company seeks to use the proceeds from the IPO to repay or prepay loans, support its working capital requirements, and invest in a subsidiary. It also disclosed plans for a potential unidentified acquisition, while the remaining funds will be used for general corporate needs. The company has fixed the price band for the public issue in the range of ₹ 210 to ₹ 222 per equity share with a lot size of 67 shares per lot. The IPO will open on Wednesday, 18 June 2025, and is scheduled to close on Friday, 20 June 2025. JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited are the book-running lead managers for the Arisinfra Solutions IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Read all stories by Anubhav Mukherjee
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Focus areas will be retail penetration, MSMEs: Indian Bank's Binod Kumar
Binod Kumar lines up the strategy to focus more on retail and micro, small, and medium enterprises, plans to improve technology via an investment of Rs 1,300 crore, and outlines the growth roadmap Shine Jacob Chennai Listen to This Article Binod Kumar took charge as managing director and chief executive officer of Chennai-based Indian Bank early this year. In an exclusive interview with Shine Jacob, he outlines the strategy to focus more on retail and micro, small, and medium enterprises (MSMEs), plans to improve technology via an investment of ₹1,300 crore, and gives the growth road map. Edited excerpts: What is your growth outlook for 2025-26 (FY26)? On deposits, I am expecting a growth rate of 8-10 per cent this financial year. On advances, it will be 10-12 per cent, and we are giving a CASA (current accounts and savings
Time of India
2 hours ago
- Time of India
HC Plea Seeks Resumption Of Non-Parking Works At Deekshabhoomi
Nagpur: Amid a state-imposed stay on the controversial underground parking project at Deekshabhoomi, a fresh plea was filed in Nagpur bench of Bombay high court urging the govt to resume other halted works unrelated to the parking structure. The application was submitted during the hearing of a pending PIL concerning Deekshabhoomi's overall development. Advocate Shailesh Narnaware argued that while the parking component remains contested, several crucial elements of the master plan were also stalled unnecessarily. "Only the parking facility has been stayed. The govt must proceed with other planned works by holding cabinet meetings, completing procedural approvals, and releasing necessary funds," he urged. The plea also sheds light for the first time on a previously undisclosed land-use proposal. According to documents now on record, the master plan developed by Noida-based Design Associates Incorporated was based on a total of 37.84 acres. This includes the existing 22.80 acres with Deekshabhoomi, along with 11 acres from the health department and 3.84 acres from the Cotton Research Institute. Nagpur Improvement Trust (NIT) has been identified as the implementing agency. A Deekshabhoomi Smarak Samiti member earlier wrote to the district collector seeking formal transfer of the additional land and administrative approval for the Rs325.86 crore master plan. The court is expected to consider the plea in upcoming hearings.
