Overview

• The initial public offering is open for subscription from June 18 to June 20 with a fresh issue of 2.25 crore shares aiming to raise Rs499.6 crore.
• A grey market premium of Rs25 points to an estimated listing price of Rs247 per share, implying an expected gain of 11.26%.
• Anchor investors subscribed to 1.01 crore shares at Rs222 each on June 17, raising Rs225 crore without participation from domestic mutual funds.
• Proceeds are earmarked for repaying or prepaying around Rs204.6 crore of existing borrowings, funding Rs177 crore of working capital and covering other corporate expenditures.
• Arisinfra Solutions, a technology-driven B2B construction materials platform operating in 18 Indian states, swung to a net profit of Rs6.53 crore in the nine months to December 2024 after a net loss in FY24.