Arisinfra Solutions Shares Debut At 8% Discount Over IPO Price

Arisinfra Solutions Ltd. shares listed on the National Stock Exchange on Wednesday at Rs 205 apiece, a discount of 7% over its issue price of Rs 222 apiece.

On the BSE, the stock debuted at Rs 209.10, a 5.18% discount.

The Rs 499.6-crore initial public offering was subscribed 2.56 times on its third and final day. The bids were led by retail investors (5.59 times), followed by non-institutional investors (3.14 times), and qualified institutional investors (1.42 times).

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.

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 financial year 2024, the company reported revenue from operations of Rs 696.84 crore.