Shares of ArisInfra Solutions debuted on the NSE at INR 205, a 7.65% discount over its IPO price, and on the BSE at INR 209, a 5.81% discount.
ArisInfra's INR 499.6 Cr IPO had an issue price of INR 222, oversubscribed 2.65X, with bids for 3.47 Cr shares against 1.31 Cr shares on offer.
Founded in 2021 by Ronak Morbia and Bhavik Khara, ArisInfra is a B2B construction material procurement platform serving real estate and infrastructure developers.
The platform deals with products like ready-mix concrete, steel, cement, and construction chemicals.