Arisinfra Solutions Ltd. is going to launch its initial public offering (IPO) on June 18 to raise nearly Rs 500 crore from the primary market.
The company is in the business of streamlining the procurement of materials by infrastructure and construction companies.
Here’s everything you need to know about the Arisinfra Solutions IPO, including its grey market premium, price band and offer size, among others.
Arisinfra Solutions IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the Arisinfra Solutions IPO stood at Rs 25 as of 11 a.m. on June 17. The latest GMP indicates listing of shares at an estimated price of Rs 247 per share, indicating a premium of 11.26% apiece over the upper limit of the issue price.
Note: GMP does not represent official data and is based on speculation.
Arisinfra Solutions IPO: Key Details
The Arisinfra Solutions IPO is a book-building issue worth Rs 499.6 crore. The mainboard IPO comprises entirely a fresh issue of 2.25 crore shares.
Retail investors can invest in the IPO by bidding for a single lot size of 67 shares, requiring an investment of Rs 14,874. Small Non-Institutional Investors (sNII) need to apply for at least 14 lots, or 938 shares, amounting to an investment of Rs 2,08,236. Big NIIs (bNII) can participate in the IPO subscription by bidding for a minimum of 68 lots, or 4,556 shares, aggregating to Rs 10,11,432.
The price band for the IPO is set between Rs 210 and Rs 222 per share.
At least 75% of the issue is reserved for Qualified Institutional Buyers (QIBs). A maximum of 10% will be allocated to retail investors. The Non-Institutional Investors (NIIs) will be offered a maximum of 15% of the issue.
JM Financial Ltd., IIFL Capital Services Ltd. and Nuvama Wealth Management Ltd. are the book-running lead managers of the Arisinfra Solutions IPO. MUFG Intime India Pvt. is the registrar for the issue.
Arisinfra Solutions IPO Dates
The subscription window for the Arisinfra Solutions IPO will remain open till June 20. Allotment of shares is proposed to be finalised on June 23. Successful bidders will receive the shares in their Demat accounts on June 24. Refunds for non-allottees will also be processed on the same day.
Shares of Arisinfra Solutions are proposed to be listed on the BSE and NSE on June 25.
Arisinfra Solutions Business And Financials
The company streamlines the process of ordering materials for construction and infrastructure companies. It has a presence across 18 states in India.
Use Of Proceeds
The company has proposed to use proceeds from the IPO to fund working capital requirements, debt repayment and for general corporate purposes.
Financials
In FY24, the company reported a net loss of Rs 17.3 crore, compared to a loss of Rs 15.39 crore in FY23. Total income fell 6.9% year-on-year to Rs 702.36 crore in FY24 from Rs 754.44 crore in FY23.
For the nine months ended Dec. 31, 2024, Arisinfra Solutions reported a net profit of Rs 6.53 crore on a revenue of Rs 557.76 crore.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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