ArisInfra Solutions IPO: Firm co-promoted by Pharmeasy's Siddharth Shah raises ₹224.8 cr from anchor investors; issue opens today

Arisinfra Solutions has raised ₹224.80 crore from anchor investors ahead of the opening of its initial public offering (IPO) today, . The company, which provides construction materials to real estate and infrastructure developers and contractors, allocated 1,01,26,946 shares to 15 anchor investors at the upper end of the price band of ₹222 per equity share.

The anchor round saw participation from Astorne Capital VCC – Arven, Niveshaay Hedgehogs Fund, Niveshaay Sambhav Fund, Susquehanna Pacific Pty Ltd, Necta Bloom VCC - Regal Fund, Craft Emerging Market Fund PCC-Citadel Capital Fund, Citigroup Global Markets Mauritius Private Limited, Winro Commercial (India) Ltd, Emerge Capital Opportunities Scheme, Rajasthan Global Securities Private Limited, Sunrise Investment Trust - Sunrise Investment Opportunities Fund, Nexus Global Opportunities Fund, Zeal Global Opportunities Fund, Saint Capital Fund, and Beacon Stone Capital VCC Beacon Stone I.

ArisInfra Solutions’ ₹499.60 cr issue opens today

The ₹499.60-crore IPO of the firm, co-promoted by Pharmeasy's Siddharth Shah, will open for subscription today. Brokerages such as Bajaj Broking, Ventura Securities, BP Wealth, and Kunvarji Wealth Solutions have given it a “Subscribe” rating, while SMC Global, Canara Bank Securities, and Arihant Capital have given it a “Neutral” rating.  

The three-day IPO will close on June 20, while the allotment of shares to eligible applicants is expected to be finalised on June 23, 2025. The tentative date for listing of ArisInfra Solutions shares on the bourses is June 25, 2025.

ArisInfra Solutions, a tech-driven B2B construction materials platform, has fixed the IPO price band in the range of ₹210-222 per equity share with a face value of ₹2. The IPO is a fresh issue of 2.25 crore shares, amounting to ₹499.60 crore. At the upper end of the price band, the market value of the company is pegged at around ₹1,799.28 crore.

The company intends to use the IPO proceeds to primarily repay debts and meet working capital requirements. Out of the total raised capital, ₹204.60 crore will be used to repay certain outstanding borrowings availed by the company; ₹177 crore for funding working capital requirements; and ₹48 crore to invest in the subsidiary, Buildmex-infra Pvt. Ltd, to meet its working capital requirements. As of March 2025, the company’s borrowings stood at ₹336.59 crore.

The lot size for an application is 67, while the minimum application amount for retail investors is ₹14,874 for one lot.

The company has reserved 75% of the issue for qualified institutional investors, 15% for non-institutional investors; and the remaining 10% for retail investors.

Formed in 2021, ArisInfra Solutions is a B2B technology-driven company that helps construction and infrastructure companies buy materials easily and manage their finances smartly. It focusses on digitising and simplifying the procurement process, delivering an efficient end-to-end customer experience. Its product portfolio includes GI pipe (steel), MS wire (steel), MS TMT Bar (steel), OPC Bulk (cement), and more.

JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited are the book running lead managers of the IPO, while MUFG Intime India Private Limited is the registrar for the issue.

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