ArisInfra Solutions IPO subscribed 88% on Day 2: Check GMP, other details
As of 2:48 pm on Wednesday, the retail investor category was subscribed 2.5 times, followed by non-institutional investors (NIIs) at 93%, while the qualified institutional buyers (QIBs) category remained muted at 0.31%.
According to the minimum bid details, retail investors must apply for at least one lot of 67 shares, translating to an investment of Rs 14,070 at the lower price band or Rs 14,874 at the upper band to qualify for allotment. For sNII (small Non-Institutional Investors), the minimum application size is 14 lots, or 938 shares, requiring an investment of approximately Rs 2,08,236. Meanwhile, NIIs (Non-Institutional Investors) are required to bid for a minimum of 68 lots, equivalent to 4,556 shares, amounting to Rs 10,11,432.
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According to the company's Draft Red Herring Prospectus (DRHP), the net proceeds from the public issue will mainly be used to fund ArisInfra's working capital needs as it scales up its operations across multiple regions.
The IPO, consisting entirely of a fresh issue of equity shares, has set a price band of Rs 210 to Rs 222 per share for its Rs 500 crore offering. The subscription window opened earlier today and will close on June 20.
The shares of the company are expected to be listed on the BSE and NSE on June 25. Allotment is likely to be finalised by June 23.
The issue is being managed by
JM Financial
,
IIFL Capital Services
, and
Nuvama Wealth Management
, with MUFG Intime India (Link Intime) serving as the registrar to the offer.
What is the GMP of ArisInfra Solutions?
Shares of ArisInfra Solutions, a tech-driven B2B construction materials platform, are trading at a grey market premium of 9.9% or Rs 20-22 in the unlisted market.
About ArisInfra Solutions
Founded in 2021, ArisInfra Solutions is a technology-driven B2B procurement platform backed by Siddharth Shah, co-founder of PharmEasy. The company aims to digitally transform the procurement ecosystem for construction materials by catering to institutional buyers such as real estate developers, contractors, and infrastructure firms. It facilitates the bulk supply of essential materials, including steel, cement, and aggregates.
ArisInfra's unified digital platform integrates warehousing, logistics, quality control, and just-in-time delivery, offering clients a streamlined experience. Through its interface, users can place orders, track shipments, manage documentation, and access technical support — positioning ArisInfra as a frontrunner in innovation within the construction supply chain industry.
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