Latest news with #ArisinfraSolutions
Mint
11 hours ago
- Business
- Mint
Stock market this week sees big moves—Check the top gainers and losers
India's foreign exchange reserves saw a healthy rise of $2.29 billion, touching a new total of $698.95 billion for the week ending June 13, 2025, according to the latest data from the Reserve Bank of India. This consistent growth in forex reserves reflects the country's strong external position and the confidence of global investors in the Indian economy. The increase is likely supported by gains in foreign currency assets, gold holdings, and Special Drawing Rights (SDRs). A robust forex reserve buffer not only strengthens India's ability to manage external shocks but also enhances the country's creditworthiness and macroeconomic stability. This upward trend provides the RBI with more room to manage currency volatility, support the rupee when required, and ensure smooth financing of the current account deficit. Overall, the steady accumulation of reserves underscores India's resilience and growing economic stature on the global stage. The Initial Public Offering (IPO) of Arisinfra Solutions Limited has received an encouraging response from investors, closing with an oversubscription of 1.32 times. This reflects growing investor confidence in the company's business model and future prospects. Arisinfra Solutions, known for its expertise in infrastructure and engineering solutions, attracted interest across various investor categories, including retail, high-net-worth individuals (HNIs), and institutional investors. The oversubscription indicates a healthy demand for the company's shares and highlights market optimism surrounding infrastructure development and allied services in India. The company's focus on innovative project delivery, operational efficiency, and its growing footprint in the infrastructure sector have contributed to this positive sentiment. With the IPO now concluded successfully, the next steps include the finalization of share allotment and eventual listing on the stock exchange. The strong subscription figures signal a promising start for Arisinfra Solutions as it prepares to enter the public market. Mirae Asset Mutual Fund has introduced two new investment opportunities through its latest NFOs: the Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund (Growth – Direct Plan) and the Mirae Asset Income Plus Arbitrage Active FoF (Growth – Direct Plan). The debt index fund offers investors access to a portfolio of high-quality financial sector instruments with a defined maturity range of 9 to 12 months, making it ideal for those seeking short-term, stable returns with low interest rate sensitivity. Meanwhile, the arbitrage active FoF provides a balanced approach by investing in arbitrage opportunities and income-generating schemes, aiming to deliver consistent returns with lower volatility. This fund leverages price differences in equity markets while dynamically allocating assets to optimize returns. Both funds reflect Mirae Asset's commitment to offering innovative, low-risk strategies tailored to diverse investor needs, making them attractive options for those looking to diversify their portfolios and align with evolving market dynamics. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Business Standard
a day ago
- Business
- Business Standard
Arisinfra Solutions IPO subscribed 2.65 times
The offer received bids for 3.46 crore shares as against 1.30 crore shares on offer. The initial public offer of Arisinfra Solutions received bids for 3,46,63,120 shares as against 1,30,84,656 shares on offer, according to stock exchange data at 17:30 IST on Friday (20 June 2025). The issue was subscribed 2.65 times. The issue opened for bidding on 18 June 2025 and it will close on 20 June 2025. The price band of the IPO is fixed between Rs 210 and 222 per share. An investor can bid for a minimum of 67 equity shares and in multiples thereof. The IPO includes a new issue of equity shares valued at Rs 499.6 crore. Of the proceeds, Rs 204.6 crore will go toward repaying some borrowings or prepaying borrowings. Rs 177 crore will be used to support working capital needs, while the rest will cover general corporate expenses. Notably, the company already raised Rs 80 crore through a pre-IPO placement in January 2025. ArisInfra Solutions is a B2B tech company that simplifies the procurement process for construction materials throughout India. It serves real estate and infrastructure developers. Aris provides a complete digital platform for sourcing materials such as cement, steel, aggregates, RMC, and more. From April 2021 to December 2024, Aris delivered 14.10 million MT of materials to 1,075 pin codes. They worked with 1,729 vendors and 2,659 customers, including well-known companies like Capacite Infraprojects and Afcons Infrastructure. Their subsidiary, ArisUnitern Re Solutions, offers advisory and sales support services. Other group companies handle trading, real estate, and financing operations. Ahead of the IPO, Arisinfra Solutions on Tuesday, 17 June 2025, raised Rs 224.81 crore from anchor investors. The board allotted 1.01 crore shares at Rs 222 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 6.53 crore and total income of Rs 546.52 crore for the nine months ended on 31 December 2024.
Time of India
a day ago
- Business
- Time of India
Arisinfra Solutions IPO subscribed 2.65 times on final day of bidding
The initial share sale of Arisinfra Solutions subscribed 2.65 times on the closing day of bidding on Friday. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial share sale of Arisinfra Solutions subscribed 2.65 times on the closing day of bidding on nearly Rs 500-crore initial public offer ( IPO ) received bids for 3,46,63,388 shares against 1,30,84,656 shares on offer, as per NSE portion for retail individual investors (RIIs) attracted 5.59 times subscriptions while the category for non-institutional investors subscribed 3.14 times. The quota for qualified institutional buyers (QIBs) received 1.42 times the Solutions Ltd on Tuesday said it has garnered Rs 225 crore from anchor price band for the offer has been fixed at Rs 210-222 per IPO is a completely fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) the upper end of the price band, the company is valued at nearly Rs 1,800 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 Solutions is a B2B technology-enabled company, focusing on simplifying and digitising the procurement process for construction materials. IIFL Capital Services and Nuvama Wealth Management are the book-running lead managers to the issue.
Business Standard
a day ago
- Business
- Business Standard
Benchmarks trade with strong gains; PSU bank shares jump
The key equity indices traded with major gains in mid-morning trade, continuing to show resilience amid escalating tensions between Israel and Iran. Market sentiment remains sensitive to global cues, including crude oil prices and other international developments. The Nifty hovered above the 25,000 level. PSU Bank shares rallied after declining in the past three trading sessions. At 11:25 IST, the barometer index, the S&P BSE Sensex advanced 688.06 points or 0.85% to 82,049.93. The Nifty 50 index jumped 216.20 points or 0.87 to 25,010.80. In the broader market, the S&P BSE Mid-Cap index rose 0.98% and the S&P BSE Small-Cap index added 0.85%. The market breadth was strong. On the BSE, 2,519 shares rose and 1,155 shares fell. A total of 174 shares were unchanged. IPO Update: The initial public offer (IPO) of Arisinfra Solutions received bids for 2,12,94,945 shares as against 1,30,84,656 shares on offer, according to stock exchange data at 11:21 IST on Friday (20 June 2025). The issue was subscribed 1.63 times. The issue opened for bidding on Wednesday (18 June 2025) and it will close on Friday (20 June 2025). The price band of the IPO is fixed between Rs 210 and 222 per share. An investor can bid for a minimum of 67 equity shares and in multiples thereof. Buzzing Index: The Nifty PSU bank index jumped 2.16% to 6,879.65. The index fell 3.14% in the past three trading sessions. Union Bank of India (up 2.93%), Canara Bank (up 2.01%), Central Bank of India (up 1.56%), Bank of Baroda (up 1.32%), Indian Overseas Bank (up 1.18%), State Bank of India (up 1.09%), Bank of Maharashtra (up 0.91%), Indian Bank (up 0.79%), Punjab & Sind Bank (up 0.7%) and UCO Bank (up 0.63%) advanced. Stocks in Spotlight: Premier Explosives rose 0.55%. The company announced that it has secured a purchase order worth Rs 6.62 crore from an international client for the manufacture and supply of defence products. Suzlon Energy added 2.14% after the company has bagged its third successive order from Ampin Energy Transition (AMPIN) for the development of a 170.1 MW wind power project in Kurnool, Andhra Pradesh. Global Markets: US Dow Jones futures were down 125 points, signaling a weak start for Wall Street. Wall Street was closed on Thursday for the Juneteenth holiday. Most Asian markets traded higher on Friday as investors assessed China data and monitored escalating tensions between Israel and Iran. U.S. President Donald Trump is now weighing on whether to back the Israeli military and strike Tehran. The White House said that he will make a final decision within the next two weeks. Japan's core consumer price index (CPI), which excludes volatile fresh food costs, rose 3.7% in May from a year earlier, data showed on Friday, accelerating from a 3.5% increase in April. China kept its benchmark lending rates unchanged Friday. The Peoples Bank of China held the 1-year loan prime rate at 3.0% and 5-year LPR at 3.5%, according to a statement Friday.
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
Last day! Arisinfra Solutions IPO ends today; 1.3x subscription, GMP at 6%
Arisinfra Solutions IPO Day 3 subscription status: The three-day subscription window to bid for the initial public offering (IPO) of Arisinfra Solutions is set to conclude today, 20 June 2025. The public offering, which opened for subscription on Wednesday, 18 June, has received a muted response from investors. According to the data available on the National Stock Exchange (NSE), Arisinfra Solutions IPO has received bids for 1,73,03,085 shares against 1,30,84,656 on offer, resulting in an oversubscription of 1.32 times by the end of the second day of subscription, 19 June. The highest demand for the public offering came from retail investors, who oversubscribed the category reserved for them by 3 times. This was followed by the Non-Institutional Investors (NIIs) at 1.39 times, and Qualified Institutional Buyers (QIBs) at 0.73 times. Arisinfra Solutions IPO details The Arisinfra Solutions IPO, valued at around ₹499.60 crore, comprises an entirely fresh issue of 22.5 million equity shares without any offer for sale (OFS) component. The public offering is available at a price band of ₹210–222 per share, with a lot size of 67 shares. A retail investor can bid for a minimum of 67 shares and in multiples thereof, with an investment amount of ₹14,874 (at the upper end of the IPO price). To bid for a maximum of 13 lots or 871 shares of Arisinfra Solutions IPO, a retail investor would require ₹1,93,362. Arisinfra Solutions IPO grey market premium (GMP) The unlisted shares of Arisinfra Solutions were commanding a decent premium in the grey market on the final day of its subscription period. According to sources tracking unofficial market activities, Arisinfra Solutions shares were quoted trading at around ₹235 apiece, reflecting a grey market premium (GMP) of ₹13 or 5.86 per cent over the upper end of the issue price. Arisinfra Solutions IPO review Brokerage firm Arihant Capital has assigned a Neutral rating to the Arisinfra Solutions IPO, while Bajaj Broking has advised investors to subscribe to the public issue from a long-term perspective. READ MORE Arisinfra Solutions IPO allotment date, listing date As the subscription window concludes today, the basis of allotment for Arisinfra Solutions IPO shares is likely to be finalised on Monday, 23 June 2025. The successful allottees will receive the company's shares in their demat accounts by Tuesday, 24 June 2025. Arisinfra Solutions shares are slated to list on the NSE and BSE, tentatively on Wednesday, 25 June 2025. Arisinfra Solutions registrar, lead manager MUFG Intime India (erstwhile Link Intime India) serves as the registrar for the public issue. The book-running lead managers include JM Financial, IIFL Securities, and Nuvama Wealth Management. Arisinfra Solutions IPO objective Arisinfra Solutions proposes to utilise the IPO proceeds for repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company. The company will further use the proceeds to fund its working capital requirements, as well as for investment in its subsidiary, Buildmex-Infra (Buildmex), to support its working capital needs. Arisinfra Solutions will further use the remaining proceeds for general corporate purposes and unidentified inorganic acquisitions. About Arisinfra Solutions Arisinfra Solutions is a B2B technology-driven platform that simplifies procurement processes for construction and infrastructure companies. The company streamlines bulk purchasing of construction materials, leveraging a wide vendor network to serve developers and contractors. Arisinfra Solutions delivered 10.35 million metric tonnes of construction materials between April 2021 and March 2024, utilising 1,458 vendors and serving 2,133 customers. The company's product portfolio includes steel, cement, and other construction materials. Arisinfra Solutions has a subsidiary, ArisUnitern Re Solutions Private Limited, which provides value-added services to real estate developers.
