Arisinfra Solutions Listing: Shares make weak debut, at 7% discount to issue price
Arisinfra Soultions Listing: The nearly Rs 500-crore IPO of ArisInfra Solutions was subscribed 2.65 times on the final day of bidding. As per NSE data, the offer received bids for 3.46 crore shares against the 1.30 crore shares on offer.
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12:41 PM IST
Arisinfra Solutions Listing: Shares of construction and infrastructure solutions firm ArisInfra Solutions Ltd made their debut on Indian stock exchanges today, listing at a discount despite decent interest during its initial public offering (IPO).
On the BSE, ArisInfra shares opened at Rs 209.10, reflecting a 5.81 per cent discount to the issue price of Rs 222. On the NSE, the listing was weaker, with the stock opening at Rs 205 — a 7.66 per cent discount.
Zee Business Managing Editor Anil Singhvi had expected the stock to list around or below its IPO price of Rs 222. “We had advised investors to avoid this IPO due to the company’s limited track record of operations and profitability,” he said.
He also advised investors to maintain a suitable stop loss below the IPO price.
Subscription details and issue size
The nearly Rs 500-crore IPO of ArisInfra Solutions was subscribed 2.65 times on the final day of bidding. As per NSE data, the offer received bids for 3.46 crore shares against the 1.30 crore shares on offer.
The retail investor segment saw strong demand, with 5.59 times subscription. The non-institutional investor (NII) portion was subscribed 3.14 times, while the qualified institutional buyer (QIB) category was subscribed 1.42 times. Prior to the issue opening, the company had raised Rs 225 crore from anchor investors.
The price band for the IPO was fixed at Rs 210 to Rs 222 per share, valuing the company at approximately Rs 1,800 crore at the upper end. This was a completely fresh issue aimed at raising funds for business purposes.
Company profile: What does ArisInfra Solutions do?
Founded in 2021, ArisInfra Solutions is a technology-driven B2B platform that enables real-time procurement of bulk construction materials such as cement, steel, ready-mix concrete (RMC), and fly ash.
Operating in 20 cities, the company has built a strong supply network with over 1,700 vendors and a client base exceeding 2,600. Notable clients include L&T, Afcons, and Ashoka Buildcon. By December 2024, ArisInfra had delivered more than 1.4 crore metric tonnes of construction materials.
Use of IPO proceeds
The company intends to utilise the IPO proceeds primarily to repay outstanding borrowings (Rs 204.6 crore), meet working capital requirements (Rs 177 crore), and invest Rs 48 crore into its subsidiary, BuildMEX Infra.
Financial snapshot
ArisInfra reported revenue of Rs 1,203 crore in the first nine months of FY25 and posted a net profit of Rs 6.53 crore — marking its first profitable period. However, the company had posted losses in both FY22 and FY23, raising concerns over its long-term financial sustainability.
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