Arisinfra Solutions IPO Opens to a Gentle Market Welcome

Arisinfra Solutions is making its stock market debut today, but if you’re expecting fireworks, you might want to temper your expectations. The company’s IPO, priced at Rs 222 per share, raised nearly Rs 500 crore and attracted a decent amount of attention, especially from retail investors.

 

Here’s what’s going on:

 

The IPO ran from June 18 to June 20, with shares offered in the Rs 210 to Rs 222 range. The minimum investment was for 67 shares.

 

Overall, the IPO was subscribed 2.65 times, which is respectable but not eye-popping. Retail investors were the most enthusiastic, putting in bids 5.59 times the shares reserved for them. Institutions and non-institutional buyers were more reserved.

 

The grey market premium is flat, sitting at zero. In plain terms, this means the stock is expected to list right around its issue price, with no big jump or drop anticipated at the opening bell.

 

All the money raised is going straight into the company, with no existing shareholders selling their stakes. Arisinfra plans to use the funds mainly to pay down debt and boost its working capital.

 

The company, founded in 2021, focuses on making it easier for construction and infrastructure firms to buy materials like cement and steel through digital platforms.

 

While there’s not much buzz about a big listing pop, the solid turnout from retail investors hints that some see long-term potential in the business.

 

Source: Business Today, Economic Times, Business Standard, BizzBuzz