ArisInfra Solutions IPO to Open on June 18
Bengaluru: ArisInfra Solutions Ltd is set to launch its initial public offering (IPO) on June 18, 2025, with a price band of ₹210 to ₹222 per equity share. The IPO aims to raise ₹499.59 crore through a fresh issue of equity shares.
Key Details
- IPO Dates: The IPO will open on June 18, 2025, and close on June 20, 2025. Anchor investor bidding will take place on June 17, 2025.
- Price Band: The price band is fixed at ₹210 to ₹222 per equity share, with a face value of ₹2 each.
- Issue Size: The total issue size is ₹499.59 crore, comprising only a fresh issue of equity shares.
- Allocation: 75% of the issue is reserved for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail individual bidders.
Utilization of Proceeds
The company plans to utilize the net proceeds for:
- Debt Repayment: ₹204.60 crore for repayment or prepayment of outstanding borrowings
- Working Capital: ₹177 crore for funding working capital requirements
- Investment in Subsidiary: ₹48 crore for investment in Buildmex-Infra Private Limited
- General Corporate Purposes: The remaining amount will be used for general corporate purposes and unidentified inorganic acquisitions, not exceeding 25% of the gross proceeds
Listing and Lead Managers
The equity shares are expected to list on the NSE on June 25, 2025. The book-running lead managers to the offer are:
- JM Financial Limited
- IIFL Capital Services Limited
- Nuvama Wealth Management Limited
