ArisInfra Solutions IPO: Price band fixed at ₹210-222 per share; check issue size, key dates, and other details

ArisInfra Solutions, a tech-driven B2B construction materials platform, is set to launch its initial public offering (IPO) on June 18.It is looking to raise ₹500 crore by public listing of its shares on the domestic bourses. The company, backed by Pharmeasy co-founder Siddharth Shah, has fixed the IPO price band in the range of ₹210-222 per equity share of the face value of ₹2.

The ArisInfra Solutions 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 proceedsto 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.

According to the document filed with capital markets regulator the Securities and Exchange Board of India (Sebi), the three-day IPO will close on June 20, 2025. The allotment of shares to eligible applicants is expected to be finalised on June 23, 2025, while the tentative date for listing of shares on the BSE and the NSE is June 25, 2025.

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

Established 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.

Between April 1, 2021, and March 31, 2024, the company delivered 10.35 million metric tonnes of construction materials, serving 2,133 customers across 963 PIN codes in various cities, including Mumbai (Maharashtra), Bengaluru (Karnataka), and Chennai (Tamil Nadu).

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.