Other Deals
Construction materials marketplace ArisInfra raises Rs.80-Cr in pre-IPO round
Mumbai-based Aris Infra has raised INR 80 crore in a pre-IPO round, which saw participation from Cognizant Capital Dynamic Opportunities Fund, JVS Holdings LLP, and Lamha Enterprise LLP.Last August, the company had filed draft papers to raise INR 600 crore.The IPO involves issuing 36,03,792 equity shares at INR 222 per share. It will be a completely fresh issue of shares with no offer for sale (OFS) component.The funds will be used by the company to meet working capital requirements, for investment in subsidiaries and for repayment of loans.Founded in 2021, ArisInfra is a material procurement and smart financing platform for infrastructure and construction companies. The company provides full stack solutions including flexible credits. The company provides a wide range of products including cement, steel, RMC, aggregates, construction chemicals, electricals and paints.
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