ArisInfra Solutions Limited, a B2B tech company based in Mumbai, Maharashtra, India, is seeing active interest on the final day of its IPO subscription on June 20, 2025. Backed by ₹225 crore anchor investment and a current GMP of ₹13, the IPO has seen oversubscription in the retail and NII segments despite mixed views from analysts.
ArisInfra Solutions Limited, a technology-driven B2B supplier specializing in construction material procurement, is drawing significant attention as its Initial Public Offering (IPO) enters its final subscription day today. Operating in a niche segment with minimal competition, the company focuses on digitizing supply chains for infrastructure and construction projects.
The IPO opened for bidding on June 18 and will close today, June 20. As of 10:10 AM, the IPO has been subscribed 1.43 times, with the retail investor portion at 3.26× and NII at 1.62×, while QIBs have subscribed to 74% of their allocated portion. The company has received bids for 1.89 crore shares against 1.30 crore shares on offer, as per BSE data.
The IPO price band is fixed between ₹210 and ₹222 per equity share with a face value of ₹2 each. The minimum lot size is 67 shares. Based on the upper price band, the estimated post-issue valuation of the company is around ₹1,800 crore.
The Grey Market Premium (GMP) today stands at ₹13, suggesting an expected listing price of ₹235—about 5.86% above the issue price. However, the GMP has shown a declining trend from a peak of ₹40 over the past eight sessions.
On June 17, ArisInfra raised ₹225 crore from anchor investors. Key participants included Astorne Capital VCC, Citigroup Global Markets Mauritius, Nexus Global Opportunities Fund, and Saint Capital Fund, reflecting early institutional confidence in the firm.
Despite the traction, analysts have issued mixed recommendations. Bajaj Broking warned that the IPO is aggressively priced, with a P/E of 273x based on FY25 annualized earnings, and has cautioned only well-informed or cash-rich investors to consider long-term positions. In contrast, BP Equities has issued a ‘Subscribe’ rating, noting ArisInfra’s strong market position and future potential, especially as it plans to repay debt and invest in subsidiaries.
The IPO aims to raise ₹499.6 crore through a pure fresh issue, with no offer-for-sale component. Funds will be used for working capital, supporting its subsidiary Buildmex-Infra, partial stake acquisition in ArisUnitern Re Solutions Pvt Ltd, debt repayment, and other corporate expenses.
JM Financial, IIFL Capital Services, and Nuvama Wealth Management are the lead managers for the issue.