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Time of India
5 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.
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Business Standard
5 days ago
- Business
- Business Standard
Ahead of IPO, ArisInfra Solutions garners ₹225 crore from anchor investors
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.
Time of India
28-04-2025
- Business
- Time of India
Kay Cee Energy & Infra raised ₹25.03 Cr via QIP, allotting 12.64 lakh shares at ₹198 per share.
Key investors participating in this QIP include Hdfc Bank Limited, Niveshaay Hedgehogs Fund, Shine Star Build Cap Pvt Ltd, Moneywise Financial Services Pvt. Ltd., Nine Alps Trust-Nine Alps Opportunity Fund and Venturex Fund I, amongst others. Kay Cee Energy & Infra Limited, founded in 2015, is primarily engaged in the business of providing specialized services of construction and commissioning of power transmission and distribution system including overhead and underground lines, substation construction, automation etc. to various government authorities and private entities. We undertake EPC projects for various government entities, including but not limited to Rajasthan Rajya Vidyut Prasaran Nigam Limited ('RRVPNL'). Company service portfolio includes handling, erection, testing, commissioning of equipment and materials for power transmission & distribution System including lines, substation construction, automation, augmentation/ modification and extension of existing power system. The service portfolio of Company also includes the Operation and Maintenance of 132 kV Substations, Maintenance of substations up to 400 kV Level and Maintenance of EHV Lines up to 765 kV Level including deployment of Emergency Restoration System (ERS) for breakdown maintenance etc. The Company undertakes turnkey, partial turnkey and labour contract jobs for supply, civil, erection, testing & commissioning of all types of electrical system works for government and private entities. In addition to independently undertaking projects, the Company has also entered into a collaboration with other engineering companies such as Jost Engineering Limited, in the industry to jointly bid and execute larger projects. The Book Running Lead Managers (BRLMs) to the QIP issue were GYR Capital Advisors Private Limited. The successful completion of this QIP, marks a pivotal moment in Company's Journey. The raised capital will fortify working capital requirements and ensure to maintain robust growth momentum.
