Arisinfra Solutions IPO: The public issue of ErisInfra Solutions in the mainboard segment is scheduled to open on February 3. Money can be invested in this till 5th February. The company wants to raise Rs 600 crore. 2.86 crore new shares will be issued in IPO. This issue will be open for anchor investors on January 31. The price band for bidding is Rs 200-210 per share and the lot size is 70 shares. The allotment will be final on February 6 after the IPO closes. The listing of shares will take place on BSE, NSE on February 10.
ErisInfra Solutions was started in the year 2021. It helps construction and infrastructure companies to purchase materials easily. She also manages their finances. This is a B2B company. Its product portfolio includes GI Pipe (Steel), MS Wire (Steel), MS TMT Bar (Steel), OPC Bulk (Cement) etc.
How will the IPO money be used?
The IPO proceeds will be used to repay debt, meet working capital requirements, invest in subsidiary Buildme Infra Private Limited, purchase shares from existing shareholders in subsidiary ArisUnitern Re Solutions Private, acquisitions and for general corporate purposes.
IPOs This Week: 5 new IPOs will open in the week starting from January 20, 7 companies will be listed in the stock market.
In the IPO of Arisinfra Solutions, 75 percent share is reserved for qualified institutional buyers, 10 percent share for retail investors and 15 percent share for non-institutional investors. JM Financial Limited, Iifl Securities, Nuvama Wealth Management are the book running lead managers for the IPO. The registrar is Link Intime India Private Ltd.
financial position of the company
ErisInfra Solutions’ revenue in FY 2024 was Rs 702.36 crore. In FY 2023 it was Rs 754.44 crore. The company had incurred a loss of Rs 17.3 crore in FY 2024, while the net loss in the previous financial year was Rs 15.39 crore.
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