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ArisInfra Solutions Ltd, a tech-driven B2B firm in construction material procurement, is launching its IPO next week with a price band of INR 210-INR 222 per share. The issue, comprising only fresh equity shares worth INR 499.6 crore, values the company at nearly INR 1,800 crore. Funds will be used to boost working capital, invest in subsidiary Buildmex-Infra, acquire partial stakes in ArisUnitern Re Solutions, repay debt, and meet general expenses. The company has delivered over 10.35 million metric tonnes of materials through 1,458 vendors across 963 pin codes. Shares will list shortly after the issue, with JM Financial, IIFL Securities, and Nuvama as lead managers.
ArisInfra Solutions Ltd, a technology-driven B2B company specialising in construction material procurement, has fixed its price band between INR 210 and INR 222 per share for its forthcoming Initial Public Offering (IPO), aiming to mobilise nearly INR 500 crore. The company declared that public subscription for the issue would commence in the coming week and run for three days. Advertisement
The IPO will consist solely of a fresh issue of equity shares amounting to INR 499.6 crore, with no component under Offer For Sale (OFS). At the upper end of the pricing spectrum, ArisInfra Solutions would attain a valuation close to INR 1,800 crore.
The company outlined that proceeds from the IPO would be utilised across multiple fronts, including bolstering working capital requirements, making capital investments in its subsidiary Buildmex-Infra, partly acquiring stakes from existing shareholders of ArisUnitern Re Solutions Pvt Ltd, repaying loans, and addressing general corporate purposes.
ArisInfra Solutions operates as a B2B platform focused on digitalising and streamlining the procurement of construction inputs. Over the three-year period ending March 2024, the firm has facilitated the delivery of 10.35 million metric tonnes of construction materials-including steel, cement, ready-mix concrete, aggregates, construction chemicals, and walling solutions-via 1,458 vendors, serving 2,133 customers across 963 pin codes nationwide.
As disclosed by the company, 75% of the IPO issue size will be allocated to qualified institutional buyers (QIBs), while 15% will be earmarked for non-institutional investors and the remaining 10% will be made available to retail investors.
JM Financial, IIFL Securities, and Nuvama have been appointed as the book-running lead managers for this public offering. The equity shares are slated for listing on the stock exchanges in the following week after closure of the subscription period.
By targeting investments in subsidiaries and enhancing working capital, the company is aligning its financial structure for scalability. Its digital-first approach to procurement signals a progressive shift in India's construction supply chain ecosystem, promising improved efficiency and broader reach.
Source - PTI
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