The IPO, which is entirely a fresh issue of equity shares, comes amid a strong grey market premium (GMP) of Rs 40, pointing to a likely listing gain of 18% over the upper end of the price band.
GMP hints at healthy investor appetite
As of Friday, the latest GMP stood at Rs 40, translating to an estimated listing price of Rs 262 against the cap price of Rs 222. That implies a projected gain of 18.02% per share, signalling bullish sentiment among investors ahead of the issue launch.
IPO structure and key dates
The Rs 499.59 crore issue comprises a fresh offering of 2.25 crore shares with no offer-for-sale (OFS) component, meaning all proceeds will go directly to ArisInfra for expansion and strategic initiatives.
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The anchor book will open on June 17, and shares are expected to be listed on BSE and NSE on June 25. Allotment is likely to be finalized by June 23.Minimum bid details indicate that retail investors must apply for at least one lot of 67 shares, which would require an investment of Rs 14,070 at the lower band, or Rs 14,874 at the upper end to ensure allotment. For sNII investors, the minimum is 14 lots (938 shares) costing around Rs 2,08,236, while bNII investors must apply for 68 lots (4,556 shares), totalling Rs 10,11,432.
Backed by PharmEasy co-founder, focused on digital transformation
ArisInfra Solutions was founded in 2021 and is backed by Siddharth Shah, co-founder of PharmEasy. The company positions itself as a technology-led B2B procurement platform catering to institutional buyers of bulk construction materials — including steel, cement, and aggregates — such as real estate developers, contractors, and infrastructure firms.
It combines warehousing, logistics, quality control, and just-in-time delivery with a streamlined digital interface that allows clients to place orders, track shipments, manage documentation, and receive technical support.
Use of IPO proceeds
According to the company’s draft red herring prospectus (DRHP), the net proceeds from the public offering will be primarily directed toward meeting ArisInfra’s working capital needs as it scales operations across regions.
A significant portion will be invested in technology development to enhance its digital procurement platform and improve customer experience. The funds will also support the company’s expansion plans as it seeks to deepen its geographical reach and broaden its client base across India.
Additionally, ArisInfra intends to use the capital to strengthen its supply chain and logistics infrastructure, enabling faster deliveries and better integration across procurement nodes. A portion of the IPO proceeds is also earmarked for repayment or prepayment of certain borrowings, along with general corporate purposes to support overall business growth.
Lead managers and registrar
The issue is being managed by JM Financial, IIFL Capital Services, and Nuvama Wealth Management, with MUFG Intime India (Link Intime) serving as the registrar.
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