2 days ago
ArisInfra Solutions sets price band for Rs 500 crore IPO, GMP signals 18% listing pop
ArisInfra Solutions, a B2B construction materials platform, is launching its Rs 500 crore IPO with a price band of Rs 210-222 per share.
Synopsis ArisInfra Solutions will launch its Rs 500 crore IPO from June 18–20, priced at Rs 210–222 per share. Backed by PharmEasy's co-founder, the tech-driven B2B platform aims to use proceeds for working capital, tech upgrades, and expansion. Strong GMP indicates robust investor interest ahead of the June 25 listing. ArisInfra Solutions, a tech-driven B2B construction materials platform, has set a price band of Rs 210–222 per share for its upcoming Rs 500 crore initial public offering (IPO), which will open for subscription on June 18 and close on June 20.
ADVERTISEMENT The IPO, which is entirely a fresh issue of equity shares, comes amid a strong grey market premium (GMP) of Rs 40, pointing to a likely listing gain of 18% over the upper end of the price band.
As of Friday, the latest GMP stood at Rs 40, translating to an estimated listing price of Rs 262 against the cap price of Rs 222. That implies a projected gain of 18.02% per share, signalling bullish sentiment among investors ahead of the issue launch.
The Rs 499.59 crore issue comprises a fresh offering of 2.25 crore shares with no offer-for-sale (OFS) component, meaning all proceeds will go directly to ArisInfra for expansion and strategic anchor book will open on June 17, and shares are expected to be listed on BSE and NSE on June 25. Allotment is likely to be finalized by June 23.
ADVERTISEMENT Minimum bid details indicate that retail investors must apply for at least one lot of 67 shares, which would require an investment of Rs 14,070 at the lower band, or Rs 14,874 at the upper end to ensure allotment. For sNII investors, the minimum is 14 lots (938 shares) costing around Rs 2,08,236, while bNII investors must apply for 68 lots (4,556 shares), totalling Rs 10,11,432.
ADVERTISEMENT ArisInfra Solutions was founded in 2021 and is backed by Siddharth Shah, co-founder of PharmEasy. The company positions itself as a technology-led B2B procurement platform catering to institutional buyers of bulk construction materials — including steel, cement, and aggregates — such as real estate developers, contractors, and infrastructure combines warehousing, logistics, quality control, and just-in-time delivery with a streamlined digital interface that allows clients to place orders, track shipments, manage documentation, and receive technical support.
ADVERTISEMENT According to the company's draft red herring prospectus (DRHP), the net proceeds from the public offering will be primarily directed toward meeting ArisInfra's working capital needs as it scales operations across regions.A significant portion will be invested in technology development to enhance its digital procurement platform and improve customer experience. The funds will also support the company's expansion plans as it seeks to deepen its geographical reach and broaden its client base across India.
ADVERTISEMENT Additionally, ArisInfra intends to use the capital to strengthen its supply chain and logistics infrastructure, enabling faster deliveries and better integration across procurement nodes. A portion of the IPO proceeds is also earmarked for repayment or prepayment of certain borrowings, along with general corporate purposes to support overall business growth.
The issue is being managed by JM Financial, IIFL Capital Services, and Nuvama Wealth Management, with MUFG Intime India (Link Intime) serving as the registrar.
Also read | Aten Papers and Foam IPO opens for subscription today. Check details
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