ArisInfra Solutions is a tech-driven B2B platform revolutionizing the procurement of construction materials—such as steel, cement, aggregates, and construction chemicals. Launched in 2021 and backed by PharmEasy co-founder Siddharth Shah, it integrates warehousing, logistics, quality control and AI-based vendor matching to simplify ordering and delivery.
As of FY24, ArisInfra supplied around 10.35 million MT of materials through 1,458 vendors to over 2,133 customers across 963 postal codes. It offers added services via its ArisUnitern subsidiary and engages in third-party manufacturing (accounting for ~35% of 9M FY25 revenues).
📅 IPO Timeline & Structure
- Issue Open: June 18, 2025
- Closes: June 20, 2025 (anchor bids opened June 17)
- Price Band: ₹210–₹222 per share
- Lot Size: 67 shares (~₹14,874 at cutoff)
- Issue Type: Fresh issue only, raising ₹499.6 crore (~2.25 crore shares)
- Allotment Date: Likely June 21, 2025 (or June 23 if delayed)
- Listing Date: Expected June 25, 2025 on NSE & BSE
Use of IPO Proceeds
According to the RHP, funds will be used for:
- Loan repayment (~₹204.6 cr)
- Working capital (~₹177 cr)
- Subsidiary investment (₹48 cr into Buildmex-Infra)
- General corporate purposes
Grey Market Premium (GMP) & Listing Expectations
- GMP around ₹24–25 (~10.8–11%) across unlisted markets
- With GMP, expected listing price could be ~₹247 (at upper band), signaling ~11–18% upside
Note: GMP isn’t regulated, but reflects strong investor sentiment.
Key Strengths & Risks
Strengths:
- Digitization adds efficiency via AI and streamlined logistics
- Asset-light, rapidly scalable model
- Growing vendor & customer network
- Value-added services (e.g., consultancy), and manufacturing margin tailwinds
Risks:
- Revenue concentration: ~81% from three states, ~45% from top 10 clients
- Reliance on third parties and debt could impact margins/liquidity
Who Should Consider It?
- Long-term investors bullish on tech-fueled disruption in construction supply chain
- Those eyeing short-term listing gains—given GMP, though GMPs can be volatile
- Caution advised if you’re concerned about concentration risk or near-term profitability
Quick IPO Highlights
| Feature | Details |
|---|---|
| Opening | June 18–20, 2025 |
| Price Band | ₹210–₹222 |
| Lot Size | 67 shares (~₹14.8k) |
| Issue Size | ₹499.6 cr (fresh issue) |
| GMP | ~₹25/share (11%) |
| Listing Date | June 25, 2025 |
| Lead Managers | JM Financial, IIFL, Nuvama; Registrar: MUFG Intime |
Conclusion
ArisInfra Solutions IPO presents an appealing mix of innovation-driven growth and immediate listing upside. However, potential investors should weigh operational risks and regional dependence. If you believe in digitizing fragmented sectors—and possibly want to ride near-term listing gains—this IPO deserves attention.
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