Latest news with #ArisInfraSolutionsLtd
Time of India
2 days ago
- Business
- Time of India
Arisinfra Solutions' IPO subscribed 1.32 times on Day 2 of offer
NEW DELHI: The initial share sale of Arisinfra Solutions Ltd got subscribed 1.32 times on the second day of bidding on Thursday. The Initial Public Offer (IPO) received bids for 1,73,03,085 shares against 1,30,84,656 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 3 times while the portion for non-institutional investors fetched 1.39 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 73 per cent subscription. ArisInfra Solutions Ltd on Tuesday said it has garnered Rs 225 crore from anchor investors. The nearly Rs 500-crore IPO will conclude on Friday. The price band for the offer has been fixed at Rs 210 to Rs 222 per share. The IPO is a completely fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in the subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitising the procurement process for construction materials. JM Financial , IIFL Capital Services and Nuvama Wealth Management are the book-running lead managers to the issue.
Mint
2 days ago
- Business
- Mint
Arisinfra Solutions IPO day 3 Live: GMP, subscription status to review. Apply or not?
ArisInfra Solutions Ltd's public issue opened for subscription on June 18 and will remain open until June 20. The company, which operates in the B2B tech space, focuses on streamlining and digitizing the procurement of construction materials. Despite a modest initial response, the retail investor segment was fully subscribed on the very first day. On Tuesday, the company announced that it had secured ₹ 225 crore from anchor investors a day ahead of its IPO launch. The anchor allotment saw participation from several entities, including Astorne Capital VCC, Niveshaay Hedgehogs Fund, Citigroup Global Markets Mauritius, Rajasthan Global Securities, Sunrise Investment, Nexus Global Opportunities Fund, Zeal Global Opportunities Fund, Saint Capital Fund, and Beacon Stone Capital, among others. The price band for the ArisInfra Solutions IPO has been set between ₹ 210 and ₹ 222 per equity share, each having a face value of ₹ 2. The minimum bid lot consists of 67 equity shares, with further bids required in multiples of 67 shares. Based on the upper limit of the price band, the company's valuation nears ₹ 1,800 crore. According to the company, 75% of the total issue is earmarked for qualified institutional buyers, 15% for non-institutional investors, and the remaining 10% is set aside for retail investors. ArisInfra Solutions IPO subscription status is 1.43 times on day 3 so far. The retail portion was subscribed 3.26 times, and NII portion was booked 1.62 times. Qualified Institutional Buyers (QIBs) portion received 74% bids. The company has received bids for 1,89,72,859 shares against 1,30,84,656 shares on offer, at 10:10 IST, according to data on BSE. ' Arisinfra Solutions Limited is engaged in technology enabled B2B supplier for construction materials, that has growing market. It enjoys virtual monopoly in the segment and is most preferred partner in construction activities. It posted losses till FY24 and has just turned corner for 9M of FY25. Based on latest working the issue is aggressively priced, and based on working till FY24, the P/E is negative. Well-informed/cash surplus investors may park moderate funds for long term, others may simply stay away from this pricey bet,' said brokerage firm Bajaj Broking. Meanwhile, brokerage firm BP Equities said, ' Arisinfra Solutions Limited is currently valued at a P/E ratio of 273x on the upper price band, based on FY25 annualized earnings, which is relatively high; however, it remains well-positioned for future growth, considering that it is the only player in this emerging segment with an intention to repay debt and invest in its subsidiary. We thus recommend a 'SUBSCRIBE' rating for investors with a medium to long-term investment horizon.' ArisInfra Solutions' IPO Grey Market Premium (GMP) stands at ₹ 13 today, indicating that its shares are trading ₹ 25 above the issue price in the unofficial market, as per Based on the IPO's upper price band and the current GMP, the expected listing price is around ₹ 235 per share—an 5.86% gain over the issue price of ₹ 222. However, grey market trends from the past eight sessions show a declining trajectory in the GMP, which is likely to drop further. The highest GMP during this period was ₹ 40, while the lowest is the current ₹ 25, according to experts cited by Grey market premium' indicates investors' readiness to pay more than the issue price. ArisInfra Solutions' IPO comprises a fresh equity share issuance worth ₹ 499.6 crore, with no offer for sale (OFS) component. The proceeds from the IPO will be used to fund the company's working capital requirements, provide working capital support to its subsidiary Buildmex-Infra, purchase part of the stake from existing shareholders of its subsidiary ArisUnitern Re Solutions Pvt Ltd, repay outstanding debt, and cover general corporate expenses. JM Financial, IIFL Capital Services, and Nuvama Wealth Management are acting as the lead managers for the issue. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
ArisInfra Solutions IPO Day 2 Live: Issue booked 24% so far. Check GMP, subscription status, more. Apply or not?
ArisInfra Solutions Ltd's public offering has begun for subscription as of June 18 and will conclude on June 20. This B2B technology-driven company aims to simplify and digitize the procurement process for construction materials. Although the ArisInfra Solutions IPO had a slow start, the portion designated for retail investors was fully subscribed on the very first day of bidding. On Tuesday, the company revealed that it raised ₹ 225 crore from anchor investors just one day prior to the commencement of its public share sale. Shares in the anchor round have been distributed among various entities, including Astorne Capital VCC, Niveshaay Hedgehogs Fund, Citigroup Global Markets Mauritius, Rajasthan Global Securities, Sunrise Investment, Nexus Global Opportunities Fund, Zeal Global Opportunities Fund, Saint Capital Fund, and Beacon Stone Capital, among others. The ArisInfra Solutions IPO price band has been fixed in the range of ₹ 210 to ₹ 222 per equity share with a face value of ₹ 2. ArisInfra Solutions IPO lot size is 67 equity shares and in multiples of 67 equity shares thereafter. At the upper end of the price band, the company's valuation approaches ₹ 1,800 crore. The company stated that 75% of the overall offering has been allocated for qualified institutional buyers, while 15% is reserved for non-institutional investors, and the remaining 10% is designated for retail investors. ArisInfra Solutions IPO subscription status is 24% on day 1, so far. The retail portion was subscribed 1.04 times, and NII portion was booked 19%. Qualified Institutional Buyers (QIBs) portion is yet to receive bids. The company has received bids for 31,78,815 shares against 1,30,84,656 shares on offer, at 17:00 IST, according to data on BSE. As per Bajaj Financial Securities, the firm operates as a technology-enabled B2B supplier of construction materials and is part of a growing market. It holds a near-monopoly in its niche and is the preferred partner for construction projects. The company reported losses until FY24 but has begun to recover in the first nine months of FY25. Considering the latest assessments, the issue is priced aggressively, and based on figures up to FY24, the price-to-earnings ratio is negative. Investors who are well-informed or have surplus cash might consider investing moderate amounts for the long term, while others should likely avoid this expensive option. Arihant Capital Markets highlighted in their report that ArisInfra is actively seeking growth by exploring new micromarkets in both existing and untapped regions, thereby increasing its market share in India's fragmented construction materials sector, valued between $235–255 billion. The company takes advantage of the inefficiencies present in the unorganised market, utilising its technology platform to implement demand-supply auto-syndication, credit-linked pricing, and advanced hardware to improve efficiency. With a strong network and a scalable business model, ArisInfra enhances its role as a leading B2B solution, tackling issues faced by both vendors and customers. At the upper price band of ₹ 222, this issue is priced at a P/E ratio of 206.7x, based on a FY25 EPS of ₹ 1.1. The brokerage is suggesting a 'Neutral' rating for this issue. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
3 days ago
- Business
- Time of India
Arisinfra Solutions' IPO gets subscribed 24% on Day 1 of offer
NEW DELHI: The initial share sale of Arisinfra Solutions Ltd received a 24 per cent subscription on the first day of bidding on Wednesday. The Initial Public Offer (IPO) got bids for 31,78,815 shares against 1,30,84,656 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got fully subscribed by 1.04 times. The quota for non-institutional investors received 19 per cent subscription. ArisInfra Solutions Ltd on Tuesday said it has garnered Rs 225 crore from anchor investors. The nearly Rs 500-crore IPO will conclude on June 20. The price band for the offer has been fixed at Rs 210 to Rs 222 per share. The IPO is completely a fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in the subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitizing the procurement process for construction materials. JM Financial , IIFL Capital Services and Nuvama Wealth Management are the book running lead managers to the issue.
Time of India
3 days ago
- Business
- Time of India
Ahead of IPO, ArisInfra Solutions garners ₹225 crore from anchor investors
NEW DELHI: ArisInfra Solutions Ltd on Tuesday said it has raised Rs 225 crore from anchor investors, a day ahead of the launch of its initial share sale for public subscription. Astorne Capital VCC , Niveshaay Hedgehogs Fund , Citigroup Global Markets Mauritius , Rajasthan Global Securities , Sunrise Investment, Nexus Global Opportunities Fund, Zeal Global Opportunities Fund, Saint Capital Fund, Beacon Stone Capital among others have been allotted shares in the anchor round. According to a circular uploaded on BSE's website, ArisInfra Solutions allocated 1,01,26,946 shares to 15 funds at Rs 222 per equity share, which is the upper end of the IPO price band. The nearly Rs 500-crore IPO will open for subscription on June 18 and conclude on June 20. The price band has been set at Rs 210 to Rs 222 per share for the public issue. The IPO is completely a fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in the subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Earlier, the company attracted pre-IPO placement from Param Capital founder Mukul Agrawal, along with asset management firm Singularity Ventures, and Sundar Iyer, founder of Suryoday Trust and Rays of Life Foundation. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitizing the procurement process for construction materials. Between April 1, 2021, and March 31, 2024, the company has delivered 10.35 million metric tonnes of construction materials, including aggregates, ready-mix concrete, steel, cement, construction chemicals and walling solutions, utilizing 1,458 vendors and serving 2,133 customers across 963 pin codes in various cities. JM Financial, IIFL Securities and Nuvama are the book running lead managers to the public issue. The equity shares are expected to be listed on June 25 on the stock exchanges.
