Arisinfra Solutions IPO: SEBI Filing Reveals ₹600 Crore IPO Details—All You Need to Know

Arisinfra Solutions Limited has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its upcoming Initial Public Offering (IPO), aiming to raise ₹600 crore. This IPO will consist solely of new equity shares, each with a face value of ₹2.

The funds from the IPO will be used for several purposes:

1. Repaying or partially repaying certain outstanding debts, which are estimated at ₹204.60 crore.
2. Meeting the company’s working capital needs, estimated at ₹177 crore.
3. Investing in its subsidiary, Buildmex-Infra Private Limited, to support its working capital, estimated at ₹48 crore.
4. Buying shares from existing shareholders of its subsidiary, ArisUnitern Re Solutions Private Limited, estimated at ₹20.40 crore.
5. Allocating the rest for general corporate purposes and potential unidentified acquisitions.

Key investors in the company include Siddharth Shah, the co-founder of Pharmeasy, who owns a 1.4% stake (775,320 equity shares). The promoter group includes Siddharth Shah, Ronak Kishor Morbia, Bhavik Jayesh Khara, Jasmine Bhaskar Shah, Priyanka Bhaskar Shah, Bhaskar Shah, and the Priyanka Shah Family Trust. Other significant shareholders are Aspire Family Trust, Think Investments PCC, and Zen Assets Trust.

The lead managers for the IPO are JM Financial Limited, IIFL Securities Limited, and Nuvama Wealth Management Limited (previously Edelweiss Securities Limited).

Arisinfra Solutions Limited specializes in using both technology and expert human input to streamline and manage the procurement, sales, and delivery of construction materials.

By harnessing its extensive network of vendors, Arisinfra supplies construction materials to real estate and infrastructure developers and contractors, aiming to be a one-stop solution for all their material needs.