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ArisInfra Files Papers for INR 500 Cr IPO; Issue To Open On June 18
- ArisInfra has filed its red herring prospectus (RHP) to raise about INR 500 Cr from the public markets after receiving SEBI’s approval.
- The IPO will have a fresh issue component, aiming to raise INR 499.6 Cr.
- The company had initially intended to raise INR 600 Cr via the IPO but later reduced the size to INR 579.6 Cr.
- ArisInfra raised INR 80 Cr in a pre-IPO placement round earlier this year by issuing over 36 Lakh equity shares.
- The IPO subscription will open on June 17 and close on June 20, with the shares debuting on the BSE and NSE.
- The IPO proceeds will be utilized for debt repayment, working capital needs, subsidiary investment, and general corporate purposes.
- ArisInfra supplies construction materials to real estate and infrastructure developers and counts prominent clients like The Wadhwa Group and ACC.
- Founder Siddharth Shah's family trust is the largest shareholder in ArisInfra.
- The company is led by ex-Wadhwa Group COO Srinivasan Gopalan as CEO.
- ArisInfra turned profitable in the nine months of FY25 with a profit of INR 6.5 Cr, compared to a loss in FY24.
- The operating revenue for the period was INR 557.8 Cr.
- PharmEasy founder Siddharth Shah is involved in promoting ArisInfra.
- The founders of ArisInfra oversee the tech, business strategy, and day-to-day operations of the company.
- The company's total debt at the end of FY25 was INR 336.6 Cr, with plans to repay INR 204.6 Cr using the IPO proceeds.
- INR 177 Cr is allocated to meet the working capital needs of ArisInfra.
- ArisInfra also plans to invest INR 47.8 Cr in its subsidiary Buildmex-Infra Pvt Ltd.
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