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ArisInfra Solutions sets IPO price band at Rs 210-222 per share for Rs 500 crore offering
- Mumbai-based ArisInfra Solutions sets IPO price band at Rs 210-222 per share for Rs 500 crore offering.
- The IPO subscription will open on June 18 and close on June 20, with an anchor placement scheduled for June 17. Shares expected to list on BSE and NSE on June 25.
- The offer consists of a pure fresh issue of 2.25 crore equity shares with no offer-for-sale component, aimed at raising capital for various purposes like working capital and technology upgrades.
- The latest grey market premium suggests a potential listing price of Rs 262 per share, 18% above the upper price band.
- ArisInfra Solutions is a digital-first B2B startup targeting India's construction sector, offering a procurement and supply chain platform for bulk construction materials to clients like real estate developers and infrastructure firms.
- The company integrates warehousing, logistics, quality assurance, and just-in-time delivery through a digital interface to streamline processes and enhance efficiency in the construction supply chain.
- The IPO aims to raise Rs 499.59 crore for scaling operations, strengthening infrastructure, meeting working capital needs, and investing in subsidiaries for growth.
- The company plans to utilize IPO proceeds for working capital requirements, repayment of borrowings, investments in subsidiaries, general corporate purposes, and potential acquisitions.
- ArisInfra adjusted its IPO size to Rs 500 crore after a successful pre-IPO placement, managed by JM Financial, IIFL Capital Services, and Nuvama Wealth Management, with MUFG Intime India as the registrar.
- Minimum bid requirements for retail investors, small non-institutional investors, and large non-institutional investors are specified, catering to different investment levels.
- Siddharth Shah, co-founder of PharmEasy, backs ArisInfra Solutions, enhancing the company's investor appeal. The IPO comes during a favorable period for digitization and infrastructure investments.
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