ArisInfra Solutions Limited IPO: Best Opening on March 20

      
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ArisInfra Solutions Limited IPO: The first IPO in the mainboard category in March is going to open on March 20 in the form of Arisinfra Solutions Limited IPO. After about 30 days an IPO is going to open for subscription, meanwhile only a few SME IPOs are open for subscription.

The Initial Public Offer (IPO) of ArisInfra Solutions Limited IPO will open on 20March Investors will be able to bid for this issue till 25 March The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 28 March.

ArisInfra Solutions Limited IPO
ArisInfra Solutions Limited IPO

ArisInfra Solutions Limited IPO

The company wants to raise a total of ₹600 crores through this issue. The company will issue 2,85,71,428 fresh shares in the issue. In this issue, the existing investors or promoters of the company will not sell a single share through Offer for Sale (OFS).

What is the Minimum and Maximum Amount that can be Invested?

ArisInfra Solutions has fixed the price band of the IPO at ₹200-₹210. Retail investors can bid for a minimum of one lot, i.e. 70 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹210, then you will have to invest ₹14,700 for it.

At the same time, retail investors can apply for a maximum of 13 lots means 910 shares. For this, investors will have to invest ₹ 1,91,100 according to the upper price band.

ArisInfra Solutions Limited IPO: 10% of the Issue is Reserved for Retail Investors

The company has reserved 75% of the IPO for qualified institutional buyers (QIB). Apart from this, 10% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII).

Where will the Money Raised from the IPO be Used?

The net proceeds from this issue will be used for full or partial repayment/prepayment of certain outstanding borrowings availed by the Company, to finance the working capital requirements of the Company, to finance its working capital requirements through subsidiary Buildme Infra Private Limited The investment in Buildmax (“Buildmex”) will be made for purchase of partial shareholding from the existing shareholders of the subsidiary company AriesUnited Re Solutions Private Limited (formerly AriesUnited Private Limited) and to meet general corporate purposes.

ArisInfra Solutions Limited

  • ArisInfra Solutions Limited was founded in 2021, which is a B2B company.
  • ArisInfra Solutions Limited is a modern platform that helps construction and infrastructure companies to procure materials and manage their finances smartly.
  • This company helps construction and infrastructure companies in material procurement and finance management.
  • The company’s customers include Capacite Infraprojects Limited, J Kumar Infraprojects Limited, Afcons Infrastructure Limited, EMS Limited, SP Singla Construction Private Limited, etc.

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