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2w ago

Arisinfra Solutions Shares Plunge on Market Debut After Oversubscribed IPO

Debuting at a 7% discount followed by a 21.6% close below the issue price underscored soft demand despite 2.65-times subscription.

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Overview

  • The IPO raised ₹499.6 crore through a fresh issue of 2.25 crore shares priced between ₹210 and ₹222 each.
  • Shares debuted at ₹205 on NSE and ₹209.10 on BSE, reflecting discounts of 7.7% and 5.2% from the ₹222 issue price.
  • They closed the first trading session at ₹174.10 on BSE, down 21.6% from the IPO price.
  • Investor demand varied by segment with retail investors oversubscribing their quota 5.59 times, non-institutional investors 3.14 times and QIBs 1.42 times.
  • Proceeds are earmarked for repaying existing borrowings, funding working capital and general corporate purposes after the company recorded a ₹6.5 crore net profit in nine months to December 2024.