Arisinfra Solutions Ltd. was incorporated on February 10, 2021. The company is a business-to-business (“B2B”) technology-enabled company operating in the construction materials market.
| Bidding Dates |
|---|
| 18 Jun 2025 - 20 Jun 2025 |
| Subscription |
|---|
| 2.65x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,070 | 1 | 13 | 67 | 22.5 M | ₹210 - ₹222 | 37.93 % | ₹4725.9 M - ₹4996.0 M | RHP DOC |
Arisinfra Solutions IPO SUBSCRIPTION STATUS
20 Jun '25Arisinfra Solutions IPO overall subscription rate was 2.65 times the total available shares
Arisinfra Solutions IPO retail subscription rate was 5.59 times in the retail segment
Arisinfra Solutions IPO non-institutional investor subscription rate was 3.14 times in the non-institutional investor category
Arisinfra Solutions IPO Qualified Institutional Bidder subscription rate was 1.42 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
20 Jun 2025 (Day 3) | 5.59x | 3.14x | 1.42x |
19 Jun 2025 (Day 2) | 3x | 1.39x | 0.73x |
18 Jun 2025 (Day 1) | 1.04x | 0.19x | 0x |
Arisinfra Solutions FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 6.5 | 546.5 | -4.4 | -11.9 | 7.3% |
| FY24 | -17.3 | 696.8 | 3.5 | -7.7 | 1.9% |
| FY23 | -15.4 | 746.1 | -14.3 | -24.2 | -0.01% |
| FY22 | -6.5 | 452.3 | -269.1 | -271.0 | -0.2% |
Arisinfra Solutions IPO SUBSCRIPTION STATUS DETAILS
Arisinfra Solutions had 22.5 M shares on offer
Arisinfra Solutions IPO offer price was in the range ₹210 - ₹222
Arisinfra Solutions IPO minimum Investment was ₹14070
Arisinfra Solutions IPO issue size was ₹ 4725.9 M - ₹ 4996.0 M
Arisinfra Solutions had a minimum lot size of 67 Shares per application
Arisinfra Solutions NUMBER OF SHARES ON OFFER
Arisinfra Solutions IPO IMPORTANT DATES
| Issue Open Date | 18 Jun 2025 |
| Issue close Date | 20 Jun 2025 |
| Allotment Date | 23 Jun 2025 |
| Refund Date | 24 Jun 2025 |
| Demat Account Credit Date | 24 Jun 2025 |
| Listing Date | 25 Jun 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Arisinfra Solutions Allotment Status | Exchange/ Registrar |
Arisinfra Solutions IPO subscription opened on 18 Jun 2025, and closed on 20 Jun 2025
IPO allotment for Arisinfra Solutions was finalized on Monday, 23 Jun 2025
IPO listing for Arisinfra Solutions was on NSE and BSE on Wednesday, 25 Jun 2025
Arisinfra Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 222.0 |
| Listing Open Price | 205.0 |
| Listing Close Price | 174.4 |
| Listing Gain% | -7.7% |
| Current Gain% | -40.4% |
Arisinfra Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Arisinfra Solutions Ltd. | 132.4 | 1073.2 | 16.3 | 0 | 0.9 | 7.1 | 5.1 | 1080 | 38.1 | 52.7 | 2452.3 | 8.1 | 9720.6 |
| Midwest Ltd. | 1197 | 4328.4 | 41.3 | -2.9 | 6.7 | 10.9 | 7.7 | 659.8 | 2.6 | 104.8 | -14.4 | 29 | -14.4 |
| Shankara Buildpro Ltd. | 1336.2 | 3240.2 | 24.7 | 0.2 | 0.5 | 23.4 | 8 | 6827.1 | 29.6 | 127.7 | 63.4 | 54.1 | 114.3 |
| Pokarna Ltd. | 986.6 | 3058.9 | 32.2 | -0.7 | 5.2 | 9.4 | 5 | 593.7 | -37.6 | 80.6 | -57 | 30.6 | -48.1 |
| Ramco Industries Ltd. | 339.6 | 2949.6 | 9.6 | 0.1 | 1.7 | 6.8 | 6.2 | 1807.3 | 7.9 | 306.3 | 69.3 | 35.3 | 69.3 |
| Sejal Glass Ltd. | 718.4 | 819 | 26 | 0.2 | 1.9 | 23 | 6.1 | 401.4 | 63.8 | 28.7 | 162.2 | 27.6 | 125.9 |
Arisinfra Solutions INFORMATION ON IPO ISSUE
About Arisinfra Solutions
Arisinfra Solutions Ltd. was incorporated on February 10, 2021. The company is a business-to-business (“B2B”) technology-enabled company operating in the construction materials market.
Object of the Issue
- Repayment/prepayment, in full or part, of certain outstanding borrowings availed by the company.
- Funding the company's working capital requirements.
- Investment in subsidiary, Buildmex-Infra (“Buildmex”), to fund its working capital requirements.
- Purchase of partial shareholding from existing shareholders of the subsidiary, ArisUnitern Re Solutions (formerly ArisUnitern Private Limited).
- General corporate purposes and unidentified inorganic acquisitions.
Arisinfra Solutions - PROMOTERS
| Name |
|---|
| Ronak Kishor Morbia |
| Bhavik Jayesh Khara |
| Siddharth Bhaskar Shah |
| Jasmine Bhaskar Shah |
| Priyanka Bhaskar Shah |
| Bhaskar Shah |
| Aspire Family Trust |
| Priyanka Shah Family Trust |
Arisinfra Solutions Book running lead manager
JM Financial Limited
aris.ipo@jmfl.com
IIFL Securities Limited
arisinfra.ipo@iiflcap.com
Nuvama Wealth Management Limited
aris.ipo@nuvama.com
Arisinfra Solutions Registrar to the offer
Link Intime India Private Limited
arisinfra.ipo@linkintime.co.in
Arisinfra Solutions Strengths
Leveraging technology
Powered by advanced tools such as artificial intelligence and machine learning, the company is streamlining the supply chain by minimising the need for multiple intermediaries
Strong network effects
One of the company's key value propositions for both customers and vendors is providing them access to a network of partners on the other side of the transaction. As it attracts more customers, the demand for construction materials increases. This increase in demand incentivises more vendors to join the company's ecosystem
Credit risk analysis framework
The company has implemented a robust and comprehensive assessment framework to identify, monitor and manage potential credit risks in the operations. When evaluating new customers, it assesses their GST filings and publicly available financial statements to gauge the associated risks and benefits of dealing with them
Arisinfra Solutions Risks
Concentrated revenue source
The company derives a significant portion of its revenues from the sale of aggregates, ready-mix concrete (“RMC”), and steel, which represented 31.2%, 21.1% and 16.1%, respectively, of the revenue from operations for FY24. Any decline in the demand for these construction materials would have an adverse effect on the business
Geographically concentrated
The company derives a substantial portion of its revenues from the states of Maharashtra, Karnataka and Tamil Nadu. Any unfavourable developments in these states could adversely affect the business
Dependent on certain key customers
The company depends on certain key customers for a significant portion of its revenues. Its top 10 customers contributed 45.2%, 39.1% and 47.2% of revenue from operations for FY24, FY23 and FY22, respectively. Any loss of any of these customers could have an adverse effect on the business
IPO FAQs
The promoters of the company are Ronak Kishor Morbia, Bhavik Jayesh Khara, Siddharth Bhaskar Shah, Jasmine Bhaskar Shah, Priyanka Bhaskar Shah, Bhaskar Shah, Aspire Family Trust and Priyanka Shah Family Trust.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 210.0 - 222.0.
The IPO application opens on Jun 18, 2025 and closes on Jun 20, 2025.
The minimum lot size for the IPO is 67. The maximum lot size for the IPO is 871.
For all category investors, the minimum application amount for this IPO is Rs. 14,070.0, the maximum value for this IPO is Rs 193,362.0.
This IPO will be allotted on Jun 23, 2025.
The refund will be credited to your account on Jun 24, 2025.
The allotted shares will be credited to your demat on Jun 24, 2025.
Arisinfra Solutions Ltd.’s shares listed on the stock exchanges on Jun 25, 2025.