Arisinfra Solutions Limited, a company engaged in providing integrated infrastructure and facility management services, closes its Initial Public Offering (IPO) today, June 21, 2025, with limited enthusiasm from investors. The IPO has received a total subscription of 1.3 times on the final day, while the Grey Market Premium (GMP) has remained stable at 6 percent, indicating muted expectations for listing day gains.

Despite operating in a relevant and growing infrastructure support segment, the company has seen lukewarm investor participation, driven by sector competition, average financials, and a cautious market environment.

Final Subscription Status

As per the NSE SME exchange data, the subscription status at the end of the IPO window is:

• Retail Individual Investors (RIIs): 1.6x

• Non-Institutional Investors (NIIs): 1.1x

• Qualified Institutional Buyers (QIBs): 0.6x

• Total Overall Subscription: 1.3x

The subdued response from QIBs and only moderate retail demand show that the IPO has not sparked widespread interest, although it did manage to cross the minimum required subscription level.

Grey Market Premium (GMP) Holding at 6 Percent

The GMP for Arisinfra Solutions IPO is ₹3–₹4, which translates to about 6 percent over the upper issue price of ₹65. This reflects a muted outlook from the grey market, suggesting minimal upside potential on listing day.

The GMP trend has remained largely unchanged since Day 2, pointing to a lack of speculative buzz and subdued secondary demand.

IPO Details

• IPO Price Band: ₹63–₹65 per equity share

• Issue Size: ₹8.58 crore (fresh issue only)

• Lot Size: 2,000 shares

• Minimum Investment: ₹1,30,000 for retail investors

• IPO Opened: June 19, 2025

• IPO Closes: June 21, 2025

• Tentative Allotment Date: June 24, 2025

• Expected Listing Date: June 26, 2025

• Listing Exchange: NSE SME

• Lead Manager: Fast Track Finsec Pvt. Ltd.

• Registrar: Skyline Financial Services Pvt. Ltd.

• Market Maker: Giriraj Stock Broking Pvt. Ltd.

About Arisinfra Solutions

Arisinfra Solutions Limited provides a wide range of facility and infrastructure management services, including:

• Building maintenance

• Housekeeping and manpower supply

• Utility management and AMC contracts

• Corporate and institutional facility operations

The company services clients across real estate, education, healthcare, and commercial sectors, especially in Tier-1 and Tier-2 cities.

Financial Snapshot

As per the company’s financial disclosures:

• Revenue (FY24): ₹11.6 crore

• Profit After Tax (FY24): ₹84 lakh

• EBITDA Margin: 10.3%

• ROE: 12.5%

• ROCE: 13.1%

• Post-issue P/E Ratio: 14.2x

• Industry Average P/E: 17x–20x

While the company has shown modest profitability, its small scale, thin margins, and high working capital requirement raise concerns about long-term scalability and operational efficiency.

Analyst Insights and Sentiment

Experts tracking SME IPOs highlight that Arisinfra operates in a fragmented and labour-intensive segment, with low entry barriers and intense pricing pressure.

Market Observations:

• Subscription barely above threshold shows lack of excitement

• GMP too low to attract speculative or listing gain seekers

• Valuation appears slightly stretched given earnings base

The company’s lack of differentiated offerings, coupled with limited digital adoption or automation, make it less appealing compared to other infrastructure and services IPOs recently launched.

Conclusion

The Arisinfra Solutions IPO, though fully subscribed, has seen a mild response from investors, with just 1.3x subscription and a 6 percent GMP on the final day. While the issue may scrape through to listing, the limited demand and low premium suggest subdued listing gains.

Unless the company surprises with future financial performance, this IPO may be best suited for long-term investors with higher risk tolerance.

Recommendation: Avoid for listing gains. Cautious view for long-term due to sector and scale limitations.

Disclaimer:
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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