Mumbai | Arisinfra Solutions Limited (ASL) is all set to launch its Initial Public Offering (IPO) on Wednesday, June 18, 2025, with the issue set to close on Friday, June 20, 2025. The IPO comprises a fresh issue of equity shares aggregating to ₹499.59 crore, with a price band fixed between ₹210 and ₹222 per share of face value ₹2.
The anchor investor bidding will open a day earlier on Tuesday, June 17, 2025. Investors can place bids for a minimum of 67 equity shares and in multiples thereafter.
The company intends to use the net proceeds from the IPO for the following purposes:
Repayment or prepayment of certain borrowings: ₹204.60 crore
Working capital requirements: ₹177.00 crore
Investment in subsidiary Buildmex-Infra Pvt Ltd: ₹48.00 crore
General corporate purposes and inorganic acquisitions: Not exceeding ₹60.00 crore and limited to 25% of gross proceeds.
The issue is being made through the book-building process under Regulation 6(2) of the SEBI ICDR Regulations, with at least 75% reserved for Qualified Institutional Buyers (QIBs). Up to 60% of the QIB portion may be allocated to anchor investors, with one-third of that specifically reserved for domestic mutual funds.
Further allocations include:
15% for Non-Institutional Bidders (NIBs), subdivided into:
One-third for bids between ₹2 lakh and ₹10 lakh
Two-thirds for bids above ₹10 lakh
10% for Retail Individual Bidders (RIBs)
Bidding must be done through the Application Supported by Blocked Amount (ASBA) process. Retail investors using UPI must ensure their accounts are linked to UPI IDs for payment processing. Anchor Investors cannot use ASBA.
The Book Running Lead Managers (BRLMs) for the issue are:
JM Financial Limited
IIFL Capital Services Limited (formerly IIFL Securities Ltd)
Nuvama Wealth Management Limited