<ul data-eligibleForWebStory="true"><li>ArisInfra Solutions' IPO closed with a subscription of 2.65X, with investors bidding for 3.47 Cr shares against 1.31 Cr shares on offer.</li><li>Retail investors oversubscribed the most at 5.59X, bidding for 1.33 Cr shares against 23.79 Lakh shares.</li><li>Non-institutional investors subscribed 3.14X, bidding for 1.12 Cr shares against 35.69 Lakh shares.</li><li>Qualified institutional buyers saw 1.42X subscription, with foreign institutional investors showing the most interest.</li><li>Interest from domestic financial institutions and mutual funds was low.</li><li>Founded in 2021, ArisInfra is a B2B construction material procurement platform.</li><li>It filed for an IPO to raise INR 499.6 Cr, reducing the initial size from INR 600 Cr.</li><li>The IPO includes a fresh issue with a price band of INR 210 to INR 222 per share.</li><li>ArisInfra plans to list on the NSE and BSE on June 25.</li><li>Bajaj Broking advises subscribing to the IPO with a long-term view due to market dominance and profitability of ArisInfra.</li></ul>

[Update] ArisInfra’s IPO Closes With 2.65X Subscription

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