ArisInfra Solutions Targets ₹600 Crore IPO to Fuel Growth and ExpansionArisInfra Solutions Targets ₹600 Crore IPO to Fuel Growth and Expansion

ArisInfra Solutions has submitted draft papers to SEBI for a ₹600 crore IPO, with no OFS involved. The Mumbai-based tech firm focuses on the construction material procurement market, planning a fresh equity share issuance.

The company is also considering a pre-IPO placement to raise about ₹120 crore. If this placement proceeds, it will reduce the overall IPO size by the same amount. This strategy underscores their financial planning ahead of the public offering.

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Funds from the IPO will be allocated to various needs including working capital, investment in subsidiary Buildmex-Infra, acquiring shares in ArisUnitern Re Solutions Pvt Ltd, repaying loans, and other corporate purposes. This financial injection aims to bolster operations and market position.

From April 2021 to March 2024, ArisInfra moved 10.35 million metric tonnes of materials such as steel and cement, engaging over 1,458 vendors and serving 2,133 customers across almost 1000 pin codes. Their vast network includes major clients like Tata Group and UltraTech Cement.

In the fiscal year 2023-24, ArisInfra reported impressive financials with ₹700 crore in revenue and an EBITDA of ₹40 crore. Nuvama, JM Financial, and IIFL Securities are managing the IPO, indicating robust backing and confidence in ArisInfra’s market strategy and financial health.