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ArisInfra Raises INR 225 Cr From Anchor Investors
- Mumbai-based B2B ecommerce company ArisInfra raised INR 224.8 Cr from anchor investors a day before its IPO opens.
- 1.01 Cr shares were allotted to 15 investors, including Astorne Capital VCC, Niveshaay Hedgehogs Fund, Nexus Global Opportunities Fund, at INR 222 per share.
- No domestic mutual fund applied for the anchor investor portion of the issue.
- ArisInfra filed its red herring prospectus (RHP) on June 12 to raise INR 499.6 Cr via its public issue.
- ArisInfra's IPO is set to open tomorrow and close on June 20 with reserved portions for QIBs, NII, and retail investors.
- Shares are expected to list on the BSE and the NSE on June 25 with a price band of INR 210 to INR 222 apiece.
- At the upper end, ArisInfra targets a post-issue market cap of INR 1,799 Cr.
- ArisInfra, founded in 2021, is a B2B construction material procurement platform for real estate and infrastructure developers.
- The company faces competition from other B2B construction marketplaces like Infra.Market, OfBusiness, Moglix, and Zetwerk.
- ArisInfra differentiates itself through a tech-first, asset-light model and a focus on digitizing procurement.
- The company turned profitable before the IPO, reporting a net profit of INR 6.5 Cr in the first nine months of FY25.
- Operating revenue stood at INR 546.5 Cr in the mentioned period.
- ArisInfra had been a loss-making entity since its inception until FY25, where it changed its trajectory.
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