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ArisInfra Files Papers for INR 500 Cr IPO; Issue To Open On June 17

  • 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.

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