Arisinfra Solutions sets IPO price band at Rs 210–222 per share

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Arisinfra Solutions Ltd has announced a price band of Rs 210–222 per share for its upcoming initial public offering (IPO), which will open for subscription on June 18 and close on June 20. Anchor investor bidding is scheduled for June 17.

Key IPO timelines include the finalisation of the basis of allotment on June 23, initiation of refunds and credit of equity shares on June 24, and listing on stock exchanges on June 25.

The IPO is a pure fresh issue, aiming to raise Rs 499.59 crore. At the upper end of the price band, the company’s estimated market capitalisation stands at around Rs 1,800 crore.

Out of the total proceeds, Rs 205 crore will be allocated towards debt repayment, Rs 177 crore for working capital requirements, and Rs 48 crore will be invested in its subsidiary, Buildmex Infra. As of March 2025, the company’s total outstanding borrowings stand at Rs 336.59 crore.

JM Financial, IIFL Capital Services, and Nuvama Wealth Management are acting as the book-running lead managers to the issue.

Arisinfra is a B2B, technology-driven company operating in the rapidly expanding construction materials market (Source: RedSeer Report). The company aims to digitise and streamline the procurement process for construction materials, offering an integrated, end-to-end supply chain solution.

Leveraging a robust vendor network, Arisinfra sources and supplies bulk construction materials—such as aggregates, ready-mix concrete (RMC), steel, cement, construction chemicals, and walling solutions—to real estate developers and infrastructure contractors. Between April 1, 2021 and December 31, 2024, the company delivered 14.10 million metric tonnes of materials through 1,729 vendors, catering to 2,659 customers across 1,075 pin codes, including major cities like Mumbai, Bengaluru, and Chennai.

For FY24, Arisinfra reported revenue of Rs 696.84 crore, down from Rs 746.07 crore in FY23. The net loss widened to Rs 18.61 crore from Rs 14.21 crore the previous year. For the nine months ended December 2024, the company posted revenue of Rs 557.76 crore and a net profit of Rs 3.43 crore.