- Bid /Offer will close on Friday, June 20, 2025
- The Anchor Investor Bidding Data Shall be Tuesday, June 17, 2025;
- Bids can be made for a minimum of 67 Equity Shares and in multiples of 67 Equity Shares thereafter
NE BUSINESS BUREAU
AHMEDABAD, JUNE 16
The ArisInfra Solutions Limited, a tech-driven B2B platform revolutionising procurement in the construction materials sector, on Monday announced its initial public offer (IPO) price band has been fixed in the range of ₹210 to ₹222 per equity share of the face value of ₹2. The IPO date of subscription is scheduled for Wednesday, June 18 and will close on Friday, June 20. The allocation to anchor investors is scheduled to take place on Tuesday, June 17.
Bids can be made for a minimum of 67 Equity Shares and in multiples of 67 Equity Shares thereafter.
The total issue size of equity shares with face value ₹ 2 each aggregating up to ₹499.59 crore comprises only fresh issue of Equity Shares. The issue is entirely a fresh issue of 2.25 crore shares.
The company proposes to utilize the net proceeds from the issue towards the following objects –(i) Repayment or prepayment of all or part of certain outstanding borrowings estimated to be ₹ 204.60 crore ; (ii) Funding the working capital requirements of the company estimated to be ₹ 177.0 crore; (iii) Investment in its subsidiary, Buildmex-Infra Private Limited, for funding its working capital requirements estimated to be ₹ 48.00 crore; and (iv) towards General corporate purposes estimated and unidentified inorganic acquisitions, of which the amount to be utilized towards unidentified inorganic acquisitions will not exceed ₹60 crore, and the cumulative amount to be utilized towards general corporate purposes and unidentified inorganic acquisitions shall not exceed 25% of the Gross Proceeds.
ArisInfra Solutions Limited is a modern platform created to help construction and infrastructure companies purchase materials easily and manage their finances wisely.
Operating as a technology-driven business-to-business (B2B) company in the expanding construction materials industry, ArisInfra seeks to digitalise and optimise the procurement process, delivering a comprehensive end-to-end experience for its clients. The products offered include GI pipes (Steel), MS Wire (Steel), MS TMT Bars (Steel), OPC Bulk (Cement), and other materials.
The company has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors.
For the nine months ending December 31, 2024, in fiscal 2024, fiscal 2023, and fiscal 2022, ArisUnitern’s revenue from value-added services totaled ₹320.41 million, ₹247.87 million, ₹84.67 million, and ₹0, respectively, accounting for 5.86%, 3.56%, 1.13%, and 0% of their overall revenue from operations.
The share price is likely to be listed on BSE and NSE.
JM Financial Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), and Nuvama Wealth Management Limited are the Book Running Lead Managers to the offer.
