Arisinfra Solutions IPO: Price band set at ₹210-222 per share; check issue details, key dates, more
Arisinfra Solutions IPO price band: The Arisinfra Solutions Limited IPO price band has been fixed in the range of ₹ 210 to ₹ 222 per equity share of the face value of ₹ 2. The Arisinfra Solutions IPO date of subscription is scheduled for Wednesday, June 18 and will close on Friday, June 20. The allocation to anchor investors for the Arisinfra Solutions IPO is scheduled to take place on Tuesday, June 17.
The company in an advertisement on Financial Express ePaper said that since it has incurred loss in fiscal 2024 based on restated financial information, the basic and diluted EPS is negative, and hence, the price to earnings is not ascertainable. The Arisinfra Solutions IPO lot size is 67 equity shares and in multiples of 67 equity shares thereafter.
Arisinfra Solutions IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors.
Tentatively, Arisinfra Solutions IPO basis of allotment of shares will be finalised on Monday, June 23 and the company will initiate refunds on Tuesday, June 24 while the shares will be credited to the demat account of allottees on the same day following refund. Arisinfra Solutions share price is likely to be listed on BSE and NSE on Wednesday, June 25.
ArisInfra Solutions Limited is a contemporary platform designed to assist construction and infrastructure firms in purchasing materials with ease and managing their finances intelligently.
ArisInfra operates as a business-to-business (B2B) technology-focused company within the growing construction materials sector. The organization aims to digitize and streamline the procurement process, providing an effective end-to-end experience for customers.
Its product range encompasses GI pipe (Steel), MS Wire (Steel), MS TMT Bar (Steel), OPC Bulk (Cement), among other materials. The company's clientele includes Capacit'e Infraprojects Limited, J Kumar Infraprojects Limited, Afcons Infrastructure Limited, EMS Limited, S P Singla Constructions Private Limited, and several others.
ArisUnitern Re Solutions Private Limited, a subsidiary of the company, offers enhanced services specifically designed for real estate developers, such as advisory, consulting, marketing, and sales support.
For the nine months ending December 31, 2024, in fiscal 2024, fiscal 2023, and fiscal 2022, ArisUnitern's revenue from value-added services totaled ₹ 320.41 million, ₹ 247.87 million, ₹ 84.67 million, and ₹ 0, respectively, accounting for 5.86%, 3.56%, 1.13%, and 0% of their overall revenue from operations.
Arisinfra Solutions IPO consists of a fresh issue of 2,25,04,324 equity shares, aggregating to ₹ 499.60 crore. There's no offer for sale (OFS) component.
The Arisinfra Solutions IPO aims to allocate the net proceeds from the issue for several purposes, including repaying or prepaying loans, supporting the Company's working capital needs, investing in the subsidiary, and addressing general corporate initiatives along with potential unidentified acquisitions.
JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited serve as the book-running lead managers for the Arisinfra Solutions IPO, while MUFG Intime India Private Limited (Link Intime) is responsible for acting as the registrar for the issue.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
9 hours ago
- Business Standard
Sampre Nutritions Ltd Plans Strategic Fundraising Initiative to Drive Growth and Expansion
PNN New Delhi [India], June 21: Sampre Nutritions Ltd (BSE: 530617), a leading confectionery manufacturer, has proposed fund raising initiative through various modes such as preferential issue. Communicated earlier this year to BSE, the company is likely to hold Board of Directors meeting in near future, for the shareholders to consider and approve plans for raising funds via issuance of eligible securities. The proposed capital raise may involve issuance of eligible securities of the company, in one or more ways, through public and/or private offerings, including by way of preferential issue, qualified institutions placement and / or further public offering, subject to such approvals as may be required, including approval of the shareholders of the Company. The aim is to strengthen the company's financial structure and support its ongoing expansion and diversification efforts. The management of the company commented "This is an important step in our journey as we explore ways to expand operations, extend market penetration, and invest in long-term growth. The fundraising initiative highlights our commitment towards building a stronger, more resilient future at Sampre Nutritions Limited" As part of the process, the Board will also consider convening an Extraordinary General Meeting (EGM) or initiating a postal ballot to seek shareholder approval. Earlier in April 2024, the company successfully allotted 17 lakh equity shares at Rs 36 each following the conversion of warrants issued on a preferential basis. On October 14, 2024, the Board approved the conversion of 85 Foreign Currency Convertible Bonds (FCCBs), originally allotted on June 28, 2024, into equity shares. This resulted in the allotment of 1,19,42,116 fully paid-up equity shares of face value of Rs 10 at a conversion price of Rs 59.84 per share, increasing the company's paid-up capital to Rs. 2.09 crore comprising of 20,91,212 equity shares of face value of Rs. 10 each. Subsequently, in October 2024, the company received in-principle approval from BSE for listing of 89,91,711 equity shares of face value of Rs 10 each at a price of Rs 59.84 per equity share. Along with this, the company also received approval for issuance of 10,00,000 warrants convertible into equity shares of face value of Rs 10 each at a price of Rs 60.50 per equity share on a preferential basis. In November 2024, the company approved the allotment of 8,40,000 warrants on a preferential basis to non-promoters at a price of Rs 60.50 per warrant, each convertible into one equity share of face value Rs 10. Highlights: -Board to consider multiple fundraising paths, including QIP, preferential issue and others -Financial results for FY25 show revenue stability at Rs 25.12 crores -The company was awarded the Certificate of Recognition under the India 5000 Best MSME Awards 2024 for QUALITY EXCELLENCE The company was also awarded the Certificate of Recognition under the India 5000 Best MSME Awards 2024 for excellence in quality, customer satisfaction, and societal impact. The company recently announced its Q4 FY25 and FY25 consolidated financial result. The consolidated revenue from operations remained stable at Rs 25.12 crore. The company reported a consolidated net loss of Rs 7.67 crore, mainly on account of investment into subsidiaries and higher finance costs. For Q4 FY25, company reported revenue of Rs 7.76 crore, a growth from Rs 4.76 crores reported in Q4 FY24. About Sampre Nutritions Ltd: Incorporated in 1991 and headquartered in Medchal, Telangana, Sampre Nutritions Ltd is engaged in manufacturing complete range of confectionery, eclairs, candies, lollipops, toffees, powder and centre filled products. The company is instrumental to deliver the growing volumes for most of the MNC's and beside producing its own brand. The group is one stop shop for complete range of confectionary productions. It has multiple MNC's as their clients as Mondelez India Pvt Ltd, Perfetti Van Melle, Reliance, DS Group, Nestle to name a few... The promoter is also the President for Indian Confectionery Manufacturers Association and is into the industry for the past 4 decades Sampre Nutrition is the first ISO certified company in South East Asia in this category since 1995 and is the 1st HACCP Certified Company by BVQI and FSSA Version 6 certified company with receiving Multiple Quality Awards World Wide. Further the company is associated with Mondelez India Pvt Ltd for manufacturing Eclairs for the past 30 Years and the Sole Manufacturer for Eclairs for the past 8 years for India, China and South African Market.
Time of India
11 hours ago
- Time of India
Kalpataru sells properties worth ₹2,727 crore in Apr-Dec FY25
NEW DELHI: Real estate developer Kalpataru Ltd, which will launch Rs 1,590-crore IPO next week, sold properties worth Rs 2,727.24 crore during April-December of the last fiscal on strong demand for housing and commercial assets. The company sold properties worth Rs 3,201.98 crore in 2023-24, according to its updated red herring prospectus (RHP) filed with Sebi. The latest document has updates till the third quarter of the 2024-25 fiscal only. Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also into the redevelopment of societies. The company has fixed a price band of Rs 387 to Rs 414 per share for its Rs 1,590 crore initial public offering (IPO), which will open for public subscription on June 24 and conclude on June 26. The bidding for anchor investors will open on June 23. The company's IPO is entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer for sale (OFS) component. It proposes to utilise funds for the payment of debt and for general corporate purposes. At the upper end of the price band, the company is valued at around Rs 8,500 crore, brokerage houses said. Kalpataru Ltd Managing Director Parag M Munot expressed confidence that the company's IPO would be successful despite global conflicts and economic uncertainties. He noted that India's growth story is intact, driving demand across sectors, including real estate. Munot said the company has a huge portfolio of nearly 50 million square feet, which includes 25 million square feet of ongoing projects, 16 million square feet of forthcoming, and nearly 8 million square feet of projects at the planning stage. Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra. Since its inception, the company has completed 75 projects, comprising 16 million square feet. While a majority of the company's projects are located in the MMR and Pune (Maharashtra), it also has projects in Hyderabad (Telangana) and Noida (Uttar Pradesh). Kalpataru Group was established in 1969 by Mofatraj P Munot. The group has a multi-national presence and has operations in EPC contracting for power transmission and distribution, oil and gas, railways, civil infrastructure projects, warehousing and logistics, and facility management. Further, Kalpataru Projects International Ltd is listed on the NSE and BSE.
Business Standard
11 hours ago
- Business Standard
Interarch Building bags Rs 80-cr order from Ather Energy
Interarch Building Solutions announced that it has secured an order worth Rs 80 crore from Ather Energy for the design, engineering, manufacturing, supply, and erection of pre-engineered steel building systems. The project, valued at Rs 80 crore, is scheduled for completion within nine months, with a 10% advance to be paid along with the order. Interarch Building Solutions provides turnkey pre-engineered steel construction solutions in India. Ather Energy is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. On Friday, shares of Interarch Building Solutions added 1.43% to close at Rs 2,061, while shares of Ather Energy rose 0.53% to end at Rs 320.75 on the BSE.
