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ArisInfra IPO: Issue Subscribed 18% On Day 1 So Far
- The IPO of ArisInfra Solutions, a B2B ecommerce company, was subscribed 18% on the first day of bidding.
- Retail investors’ portion was subscribed the highest at 80%, with bids for 19.72 lakh shares.
- Qualified institutional buyers (QIBs) bid for only 6,432 shares against 71.37 lakh shares reserved for them.
- Non-institutional investors (NIIs) bid for 4.4 lakh shares, resulting in a 12% subscription rate.
- Price band for the IPO is set at INR 210 to INR 222, with the issue comprising a fresh issue of INR 499.6 Cr.
- 75% of the offer is reserved for QIBs, while NIIs and retail investors are allocated 15% and 10% respectively.
- The IPO will close on June 20, with shares expected to list on June 25.
- ArisInfra aims for a post-issue implied market cap of INR 1,799 Cr at the upper price band of INR 222.
- The company raised INR 224.8 Cr from anchor investors prior to the IPO.
- ArisInfra, founded in 2021, is a B2B construction material procurement platform.
- The IPO proceeds will be used to repay outstanding borrowings, with INR 204.6 Cr going towards repaying debt to its promoter group entity.
- ArisInfra recorded a net profit of INR 6.5 Cr in the first nine months of FY25, a turnaround from previous losses.
- The company had reported losses in previous financial years, including INR 15.4 Cr in FY23 and INR 6.5 Cr in FY22.
- Operating revenue for the first nine months of FY25 stood at INR 546.5 Cr.
- The IPO update was reported by Inc42 Media.
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