<ul data-eligibleForWebStory="true">Shares of ArisInfra Solutions ended the first trading session 22% below its IPO price.The company closed at INR 174.10 on the BSE, down 21.6% from the IPO issue price of INR 222.ArisInfra's market capitalization was $164 million, lower than the IPO valuation of $209 million.The stock closed 16.7% below its opening price of INR 209.10 on the BSE.Trading on the NSE saw the stock closing at INR 173.9, down 21.7% from the issue price.19.3 lakh equity shares of ArisInfra were traded on the BSE on the first day.ArisInfra faced weak investor sentiment on its listing day despite a positive broader market trend.The IPO, oversubscribed 2.65X, witnessed strong interest from retail investors.Qualified institutional buyers showed tepid response, oversubscribing 1.4X.Brokerage firms like Bajaj Broking and Religare Broking had mixed opinions on ArisInfra's IPO.ArisInfra posted profits in the first nine months of FY25 after losses in FY24.The company's operating revenue improved in 9M FY25 compared to FY24.ArisInfra is expected to announce its full-year FY25 financials soon.