Upcoming IPO: Arisinfra Solutions to launch ₹499.60 crore offer on June 18; check price band, key objectives, dates

Arisinfra Solutions IPO: The ₹499.60 crore initial public offering of construction material provider Arisinfra Solutions will open for subscription on Wednesday, June 18.

The issue will conclude on June 20. The bidding for anchor investors will be open for a day on June 17.

The price band has been fixed at ₹210 to ₹222 per share. A lot consists of 67 shares, costing ₹14,874 (cutoff price).

The capital raised to the tune of ₹204.6 crore will be used towards repayment of certain outstanding borrowings, ₹177 crore for working capital needs, ₹48 crore to invest in subsidiary Buildmex Infra Pvt Ltd, and ₹69.9 crore for corporate general purposes.

The company has set aside 75% of the net offer for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.

Arisinfra Solutions IPO: Key dates

Arisinfra Solutions IPO allotment status will likely be finalised on June 23. Shares will be credited to the Demat account of successful investors on June 24. Refunds for non-allottees will be processed on the same day.

The listing on the NSE and the BSE will take place on June 25.

The issue's book running lead managers are JM Financial Ltd, Nuvama Wealth Management Ltd, and IIFL Capital Services Ltd, while the registrar is MUFG Intime India.

About Arisinfra Solutions

Arisinfra Solutions is a business-to-business technology-enabled firm operating in a growing construction materials market with a focus on digitising and simplifying the entire procurement process for construction materials.

Its product portfolio includes OPC Bulk (Cement), MS Wire (Steel), GI Pipe (Steel), MS TMT Bar (Steel), and more.

Between April 2021 and December 2024, Arisinfra Solutions delivered 14.10 million metric tonnes (MT) of construction materials such as ready-mix concrete, cement, steel, construction chemicals and walling solutions to 2,659 customers across nearly 1,100 pin codes, including Mumbai, Bengaluru and Chennai.

Its key clients include J Kumar Infraprojects, Capacit’e Infraprojects, Afcons Infrastructure Limited, SP Singla Constructions, and EMS, among others.