Arisinfra Solutions IPO Opens on February 3: Investors Can Bid Until February 5
The Initial Public Offering (IPO) of Arisinfra Solutions Limited is set to open on February 3, with investors having the opportunity to bid until February 5. The company’s shares are scheduled to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on February 10.
Raising ₹600 Crores Through Fresh Issue
Arisinfra Solutions aims to raise ₹600 crores through this IPO by issuing 2,85,71,428 fresh equity shares. Notably, no shares will be offered for sale (OFS) by the company’s existing investors or promoters.
Minimum and Maximum Investment Details
The IPO price band has been set at ₹200-₹210 per share. Retail investors can bid for a minimum of one lot, consisting of 70 shares. At the upper price band of ₹210, the minimum investment required is ₹14,700.
Retail investors can apply for a maximum of 13 lots, amounting to 910 shares, requiring an investment of ₹1,91,100 at the upper price band.
Reservation Details
- 75% of the IPO is reserved for Qualified Institutional Buyers (QIBs).
- 10% is reserved for retail investors.
- 15% is allocated for Non-Institutional Investors (NIIs).
About Arisinfra Solutions Limited
Founded in 2021, Arisinfra Solutions Limited operates as a B2B company that assists construction and infrastructure firms with material procurement and financial management. The company’s clientele includes notable names such as Capacity InfraProjects Limited, Jay Kumar InfraProjects Limited, Afcons Infrastructure Limited, EMS Limited, and SP Singla Construction Private Limited.
What Is an IPO?
An Initial Public Offering (IPO) is when a company offers its shares to the public for the first time. This process allows companies to raise capital for business expansion. Instead of taking loans, companies issue shares to the public to generate funds.
