Arisinfra Solutions share price: Stock makes weak debut on NSE, BSE; here's how much investors lost per lot

On the NSE, the stock listed at ₹205 per share, a discount of 7.66% from the issue price of ₹222.

At 12:12 pm, the scrip further declined 9.51% to ₹185.51 per unit.

It started trading 5.81% lower at ₹209.10 on the BSE.

Arisinfra Solutions share price: Here's how much investors lost per lot

The portion for retail investors fetched 5.59 times subscription, as they applied for 1,32,98,897 shares compared to 23,79,028 shares reserved for them.

The category for non-institutional investors, or NIIs, was booked 3.14 times. They submitted application for 1,12,22,701 shares against 35,68,542 shares offer.

The qualified institutional buyers (QIBs) part received 1.42 times the subscription, with bids for 1,01,51,237 shares compared to 71,37,086 shares reserved.

The initial share was just a fresh issuance of 2.25 crore shares. There was no offer for sale (OFS) component. Hence, the complete IPO proceeds will go to the company. The price band was ₹210 to ₹222 per share.

The money raised will be used for working capital requirements of the firm, investment in a subsidiary, purchase partial shareholding of its subsidiary, debt repayment and for general corporate purposes.

Before the IPO, the company had mobilised ₹225 crore from anchor investors, including Astorne Capital VCC, Citigroup Global Markets Mauritius, Niveshaay Hedgehogs Fund, Sunrise Investment, Nexus Global Opportunities Fund, Rajasthan Global Securities, Saint Capital Fund, Zeal Global Opportunities Fund and Beacon Stone Capital.

Arisinfra Solutions is a business-to-business technology-enabled company, focusing on digitising the procurement for construction materials.

Between April 2021 and December 2024, it has delivered 14.10 million metric tonnes of construction materials such aggregates, ready-mix concrete (RMC), cement, steel, construction chemicals and walling solutions, with the help of 1,729 vendors and serving 2,659 customers in cities like Mumbai, Bengaluru and Chennai.

JM Financial, Nuvama Wealth Management and IIFL Capital Services were the IPO's book-running lead managers.