4 hours ago
1
ArisInfra Solutions IPO: The initial public offering (IPO) of ArisInfra Solutions Ltd opened on June 18 and will conclude on June 20. In the initial hours, the issue witnessed an overall subscription of 11 per cent. The infrastructure firm has launched the IPO to raise around Rs 500 crore.
As of 12:30 pm, the IPO received bids for 14,95,842 shares against 1,30,84,656 shares reserved across all categories, according to the BSE data.
Among the categories, retail investors showed the highest interest, with a 52 per cent subscription—12,43,386 shares against the 23,79,028 allocated for this portion. On the other hand, qualified institutional buyers (QIBs) showed zero per cent interest, applying bid for 938 shares.
Meanwhile, the non-institutional investors (NIIs), also known as high-net-worth individuals (HNIs), subscribed to 7 per cent of their portion with bids for 2,51,518 shares against the 35,68,542 shares allocated.
ALSO READ | ArisInfra Solutions IPO: Price band, issue size, key details; should you subscribe?
ArisInfra Solutions IPO details
The company plans to raise Rs 499.6 crore through a fresh issue of equity shares. It consists of 2.25 to 2.37 crore equity shares, each with a face value of Rs 2.
The company has fixed the price band between Rs 210 and Rs 222 per share. Investors can place bids starting from a minimum of 67 shares, and in multiples thereafter.
The offering is being managed by JM Financial, IIFL Capital Services, and Nuvama Wealth Management, while MUFG Intime India Private serving as the registrar.
On the basis of price band, the company’s estimated market capitalisation after listing is expected to range between Rs 1,729 crore and Rs 1,799 crore.
About ArisInfra Solutions
ArisInfra has established a strong presence in the construction supply chain, having delivered 14.1 million metric tonnes (MMT) of materials between April 2021 and December 2024. These deliveries were facilitated through 1,729 vendors to 2,659 customers across 1,075 pin codes, including major urban centers such as Mumbai, Bengaluru, and Chennai.
English (US) ·