The initial public offering of Arisinfra Solutions Ltd. will open on June 18 and close on June 20. The price band for the IPO is set at Rs 210 to Rs 222.
The proposed IPO is entirely a fresh issue of up to Rs 499.6 crore and has no offer-for-sale component, according to the red herring prospectus. Bids can be made for a minimum of 67 shares, and then in multiples thereof.
The Securities and Exchange Board of India approved the IPO last November. In its draft offer document, the company had planned to raise Rs 600 crore but reduced the offer after raising Rs 80 crore in a pre-IPO placement.
JM Financial Ltd., IIFL Securities Ltd., and Nuvama Wealth Management Ltd. are the book-running lead managers for the public issue.
IPO Details
Issue opens: June 18.
Issue closes: June 20.
Issue price: Rs 210-Rs 222.
Fresh issue: Rs 499.60 crore.
Lot size: Minimum 67 shares, and then in multiples thereof.
Market value at upper end of price band: Rs 1,182 crore.
Business
Arisinfra Solutions is a Mumbai-based business-to-business company leveraging technology to streamline and digitise the procurement of construction materials. The company leverages a network of vendors to source construction materials and provide them to real estate and infrastructure developers and contractors.
For the financial year 2024, the company reported revenue from operations of Rs 696.84 crore.
Use Of Proceeds
The proceeds from the IPO are earmarked for several key purposes: approximately Rs 204.6 crore will be allocated towards repaying or prepaying existing borrowings, while Rs 177 crore is designated to support the company's working capital needs.
Additionally, Rs 48 crore will be invested in the company's subsidiary, Buildmex-Infra Pvt., to fund its working capital.
The remaining funds will be directed toward general corporate purposes and potential acquisitions.
Financial Performance
The company reported revenue from operations at Rs 546.52 crore in the first nine months of the financial year ended 2025, down from Rs 696.84 crore in the previous fiscal.
Net profit stood at Rs 6.52 crore, as opposed to a loss of Rs 17.29 crore in the last fiscal. The company reported an Ebitda of Rs 32.96 crore in the same period. As of March 31, 2025, the company's debt pile stood at Rs 336.6 crore.
Key Risks
Decline in the demand of construction materials such as ready-mix-concrete or steel would have an adverse effect our business, financial condition, and cash flows.
Unfavourable developments in Maharashtra, Karnataka and Tamil Nadu could adversely affect business, as the company derives a substantial portion of revenues from there.
The construction material industry is subject to seasonality and a decrease in the demand for construction material may have an adverse impact on business.
Arisinfra Solutions IPO GMP
The grey market premium of the Arisinfra Solutions IPO is Rs 25 as of 7:01 p.m., according to InvestorGain. This implies shares of the company will likely list at Rs 247 apiece, indicating a 11.26% premium to the upper end of the price band.
It should be noted that GMP or grey market price is not an official price quote for the stock and is based on speculation.
Watch The IPO Adda Here
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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