Arisinfra Solutions, Influx Healthtech IPOs open for subscription; check key details

Two initial public offerings (IPOs), including a mainboard issue by Arisinfra Solutions, opened for public subscription on Wednesday.

Influx Healthtech's NSE SME offer also went live on June 18. The allotment statuses for both IPOs will be finalised on June 23, while the listing will take place on June 25.

ArisInfra Solutions IPO

At the upper price band, the firm is valued at around ₹1,800 crore.

The IPO proceeds will be utilised for the working capital needs, investment in its unit, Buildmex-Infra, for funding its working capital, purchasing partial shareholding from existing shareholders of its unit, ArisUnitern Re Solutions Private Limited, repayment of loans and general corporate purposes.

A lot consists of 67 shares, needing an investment of ₹14,874 at the upper end of the price band.

The company has reserved 75% of the issue size for qualified institutional buyers (QIBs), 15% for the non-institutional investors category and 10% for retail investors.

Arisinfra Solutions is a business-to-business infrastructure technology company, focusing on digitising construction materials' procurement process.

Between April 2021 and March 2024, the company delivered 10.35 million metric tonnes (MT) of construction materials.

JM Financial, Nuvama and IIFL Securities are the issue's book-running lead managers, while MUFG Intime India is the registrar.

Influx Healthtech IPO

The ₹58.57 crore Influx Healthtech IPO consists of a fresh issuance of shares worth ₹48 crore and an OFS of 11 lakh shares. The price range is ₹91 to ₹96 per share.

The net proceeds from the fresh issue will be used for capital expenditure needs for setting up a manufacturing unit for nutraceutical and veterinary food divisions, purchasing machinery and corporate general purposes.

The lot size is 1,200 shares valued at ₹1,15,200 at the upper end of the price band.

Influx Healthtech, a healthcare-focused firm, specialises in contract manufacturing.