Arisinfra Solutions IPO subscribed 2.4x so far on day 3; here's how to check allotment

Arisinfra Solutions IPO has been subscribed to 2.44 times so far on the last day of bidding on Friday, June 20, with bids for 3,19,13,909 shares against 1,30,84,656 equity shares on offer, as per NSE data until 3:10 pm.

Retail investors subscribed to their portion 5.15 times, with the bids for 1,22,54,099 shares compared to 23,79,028 shares reserved. The non-institutional investors applied for 99,09,568 shares against 35,68,542 shares set aside for them, leading to 2.78 times subscription.

Qualified institutional buyers bid for 97,50,242 as against 71,37,086 shares offered, reflecting 1.37 times subscription.

The ₹499.60 crore initial public offering, with a price band of ₹210 to ₹222 per share, is only a fresh issuance of shares aggregating to ₹499.6 crore. There is no offer for sale component.

The capital raised will be used for the following objects:

• Working capital requirements
• Invest in the subsidiary Buildmex-Infra
• Purchase of partial shareholding from subsidiary's existing shareholders of its subsidiary
• Repayment of loan
• General corporate purposes

Arisinfra Solutions IPO allotment status on MUFG Intime India: Step-by-step guide

• Visit the registrar's official link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• From the IPO names, select 'Arisinfra Solutions Limited'
• Enter any one: DP/Client ID, Application No, PAN, or Account No/IFSC
• Submit the details

How to check Arisinfra Solutions IPO allotment status on NSE

• Go to the NSE portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Select 'ARISINFRA' from symbols
• Fill in PAN and application number
• Submit the details

Steps to check Arisinfra Solutions IPO allotment status on BSE

• Head of the bid finalisation page of BSE (https://bseindia.com/investors/appli_check.aspx)
• Select the issue type as 'Equity'
• Pick 'Arisinfra Solutions Ltd' from issue names
• Enter either your PAN or IPO application number
• Click on the 'Search' button

The company's equity shares will list on the NSE and the BSE on June 25.

Arisinfra Solutions is an infrastructure technology company, with a focus on digitising the procurement process for construction materials.