Arisinfra Solutions Aims to Raise Rs 600 Crore via IPO, Files Draft Papers with SEBI
Mumbai-based Arisinfra Solutions is planning to raise Rs 600 crore via its initial public offering (IPO), with a customer base that includes large real estate and infrastructure developers.
IpoSebiConstruction MaterialsReal EstateInfrastructureReal Estate MumbaiAug 14, 2024
The net proceeds from the issue shall be utilized towards repayment/prepayment of certain outstanding borrowings, funding the working capital requirements, investment in its subsidiary, Buildmex-Infra, purchase of partial shareholding from existing shareholders of its Subsidiary- ArisUnitern Re Solutions, unidentified inorganic acquisitions, and general corporate purposes.
Arisinfra Solutions aims to simplify and digitize the procurement process for construction materials. It has delivered 10.35 million metric tonnes of construction materials between April 1, 2021, and March 31, 2024. Its customer base includes large real estate and infrastructure developers and contractors, including Capacit’e Infraprojects, J Kumar Infraprojects, Afcons Infrastructure, EMS, SP Singla Constructions, Real Gem Buildtech, Wadhwa Group, Puranik Builders, and more.
The company provides a range of construction materials, including aggregates, ready-mix concrete, steel, cement, construction chemicals, and walling solutions, utilizing 1,458 vendors and serving 2,133 customers across 963 pin codes in various cities.
JM Financial, IIFL Securities, and Nuvama Wealth Management are the book running lead managers to the issue, while Link Intime India is the registrar for the issue. Shares of the company will be listed on both BSE and NSE.
Arisinfra Solutions is backed by Pharmeasy cofounder Siddharth Shah and former CREDAI chairman Jaxay Shah (Savvy Developers).Arisinfra Solutions is a B2B technology-enabled player that aims to simplify and digitize the procurement process for construction materials.
Frequently Asked Questions
What is the amount that Arisinfra Solutions is planning to raise via its IPO?
Rs 600 crore
What is the purpose of the net proceeds from the issue?
Repayment/prepayment of certain outstanding borrowings, funding the working capital requirements, investment in its subsidiary, Buildmex-Infra, purchase of partial shareholding from existing shareholders of its Subsidiary- ArisUnitern Re Solutions, unidentified inorganic acquisitions, and general corporate purposes.
Who are the book running lead managers to the issue?
JM Financial, IIFL Securities, and Nuvama Wealth Management
Where will the shares of the company be listed?
BSE and NSE
Who are the backers of Arisinfra Solutions?
Pharmeasy cofounder Siddharth Shah and former CREDAI chairman Jaxay Shah (Savvy Developers)
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