IPO Overview
A fresh issue will be made in the IPO for issuing 22.5 million equity shares for an aggregate consideration of ₹499.60 crore. It will be open for subscription from Junes 18 to Junes 20, 2025. Being a book-built issue, it will be proposed to be listed on both the exchanges, BSE and NSE, with a tentative listing date being June 25, 2025.
IPO Price Band & Lot Size
- Price Band: Rs. 210-222 per equity share.
- Minimum Investment Amount for Retail Category: Rs. 14,874 (1 lot, 67 shares)
- Maximum Investment Amount for Retail Category: Rs. 1,93,362 (13 lots, 871 shares)
- Discount for Retail will be announced.
Minimum application size for the S-HNI category is 14 lots (₹2,08,236), and B-HNI applicants must bid for a minimum of 68 lots (₹10,11,432).
Key IPO Dates
| Event | Date |
| IPO Opens | June 18, 2025 |
| IPO Closes | June 20, 2025 |
| Allotment Finalization | June 23, 2025 |
| Refund Initiation | June 24, 2025 |
| Listing Date | June 25, 2025 |
About Arisinfra Solutions Limited
Founded in Mumbai in 2021, Arisinfra Solutions Limited deals with the trading of higher infrastructure and construction materials. In July 2024, witnessing the boom in the Indian construction sector, the company was converted from a private limited to a public limited company to further widen its ambit of operations.
The areas they serve include real estate, industrial infrastructure, and public works, with state-of-the-art technology and quality manufacturing on their side.
Industry Outlook
Construction material industries in India are witnessing an uptrend, with mega-government projects like National Infrastructure Pipeline (NIP) and schemes like Pradhan Mantri Awas Yojana and Smart Cities Mission paving the way. The thrust on green and eco-friendly materials will throw open new avenues for a company like Arisinfra.
The objectives of the IPO are:
- To scale operations and strengthen infrastructure.
- To repay, or prepay outstanding loans.
- Investments in newer technologies for better efficiency and innovation.
- General corporate purposes, including working capital.
Key Financial Metrics
| Metric | FY24 | FY23 | FY22 |
| Revenue (₹ million) | 6,968.42 | 7,460.71 | 4,523.48 |
| EBITDA (₹ million) | 130.17 | (1.09) | (10.66) |
| Gross Margin (%) | 12.01 | 8.37 | 9.88 |
| Adjusted EBITDA Margin (%) | 5.56 | -0.06 | 1.59 |
| RoNW (%) | -13.14 | -13.54 | -4.42 |
| Net Working Capital Days | 120 | 102 | 166 |
| Net Debt-to-Equity Ratio | 1.45 | 1.75 | 0.94 |
Valuation Highlights (As of FY24):
- Market Cap: ₹1,799.28 crore
- RoNW: -13.14%
- Price to Book: 8.61
- P/E Ratio: -41.89 (Pre-IPO EPS ₹5.30)
Strengths
- Promoters experienced in infrastructure domain.
- Strategic presence at Mumbai, at the confluence of industrial and urban markets.
- Wider product portfolio along real estate, industrial, and public sectors.
- Well-positioned to capitalize on infrastructure growth in India.
- Government initiatives that stimulate sectorial demand.
- Urbanisation creates demand for modern construction materials.
- Adoption of green, advanced technologies is an area of interest.
- Engaged in infrastructure activities being undertaken around the country.
Risks
- Dependent on the infrastructure and construction industry which is inherently cyclical.
- Exposed to heavy competition from big established players.
- Increase in raw material prices against margins.
- Delays in infrastructure projects resulting from regulatory restrictions will affect growth.
- Short operating history as a public company.
- Vulnerable to any disruption in the supply chain.
- Slowing economic activity will mean lower investments in infrastructure.
- Requires the infusion of capital for scaling its operations.
Conclusion
An interested investor, while applying for the Arisinfra Solutions IPO, must carefully weigh in the risks versus the healthy standing of the company in a blossoming industry. That said, it is a wise choice to bid the cut-off price, thereby increasing allotment chances, particularly in the case of oversubscription.