Liquidity Events
Construction materials marketplace Arisinfra’s Rs.500-Cr IPO gets 2.65x subscription
The nearly INR 500 crore initial public offering (IPO) of Mumbai-based B2B (business-to-business) e-commerce company ArisInfra Solutions closed with an oversubscription of 2.65X, with bids placed for 3.47 crore shares as against the 1.31 crore shares on offer.The category for Retail Individual Investors (RIIs) got subscribed 5.59 times while the portion for non-institutional investors fetched 3.14 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 1.42 times subscription. Earlier, the firm garnered INR 225 crore from anchor investors.The price band for the offer has been fixed at INR 210 to INR 222 per share. At the upper end of the price band, the company is valued at nearly INR 1,800 crore.Arisinfra Solutions is a B2B (business-to-business) company, focusing on simplifying and digitising the procurement process for construction materials.
Between Jun-21 and Jan-25, ArisInfra had attracted about USD 31 M from PE-VC investors.
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