<ul data-eligibleForWebStory="true">ArisInfra, a B2B ecommerce company, files red herring prospectus to raise INR 500 Cr from its IPO.IPO to consist of a fresh issue component raising INR 499.6 Cr; reduced from original target of INR 600 Cr.Company raised INR 80 Cr in pre-IPO placement round; issued over 36 Lakh equity shares.IPO subscription to open on June 17 and close on June 20; shares to debut on BSE and NSE.Funds raised from IPO to be used for debt repayment, working capital, subsidiary investment, and corporate purposes.