ArisInfra Solutions Limited, a B2B technology-enabled procurement platform in the construction materials sector, is set to launch its Initial Public Offering (IPO) on June 18, 2025, aiming to raise ₹499.60 crore through a pure fresh issue.

The company provides an end-to-end digitised procurement experience, combining human expertise with tech-driven processes to simplify the purchase of bulk construction materials.

IPO Details and Timeline

The ArisInfra Solutions IPO is a Book Built Issue consisting of:

• Fresh Issue: 2.25 crore equity shares aggregating to ₹499.60 crore

Key Dates:

• Opens: June 18, 2025

• Closes: June 20, 2025

• Allotment Finalisation: June 23, 2025

• Tentative Listing Date: June 25, 2025

• Exchanges: BSE and NSE

The IPO price band is fixed between ₹210 and ₹222 per equity share. At the upper band, the market capitalisation is estimated at ₹1,799.28 crore.

Lot Size and Investment Details

The lot size is fixed at 67 shares:

• Retail Investors must invest at least ₹14,874 (1 lot)

• HNIs need to apply for a minimum of 14 lots (938 shares), totalling ₹2,08,236

Book Running Lead Managers:

• JM Financial Limited

• IIFL Securities Limited

• Nuvama Wealth Management Limited

Registrar: MUFG Intime India Private Limited

Company Overview

ArisInfra Solutions caters to a fast-growing construction materials market, enabling B2B clients to streamline procurement. It operates at the intersection of construction, logistics, and technology, serving bulk buyers with an integrated solution for pricing, delivery, vendor management, and payments.

Key Leadership Team:

• Ronak Kishor Morbia, Chairman & MD – 13+ years in construction materials

• Bhavik Jayesh Khara, Whole-time Director – 6+ years in taxation and materials

• Srinivasan Gopalan, CEO – 13+ years in business development

• Jitender Sharan, CTO – 20+ years in product development

• Amit Manhar Gala, CFO – 22+ years in finance and strategy

Financial Performance

ArisInfra’s revenue trend shows some volatility, while profitability has been weak with consistent net losses in prior years.

The company turned profitable in the 9-month period ending Dec 31, 2024, but past fiscal years show consistent losses, raising caution about sustainable profitability.

Valuation and Key Ratios

• FY24 Pre-Issue EPS: ₹-5.3

• Post-Issue EPS: ₹-2.13

• Pre-Issue P/E Ratio: -41.89x

• Post-Issue P/E Ratio: -104.02x

• Annualised EPS (FY25): ₹1.07

• Annualised P/E: 206.78x

Other Metrics:

• ROCE (FY24): 4.71%

• ROE (FY24): -16.50%

• Return on Net Worth (RoNW): -13.14%

These figures indicate that the IPO is fully priced and valuations are significantly stretched considering historical performance.

Grey Market Premium (GMP) Overview

The Grey Market Premium (GMP) for ArisInfra Solutions is reported at ₹0, indicating:

• No significant listing buzz

• Muted demand in the unorganised grey market

• Uncertainty over listing gains

As with all SME and Mainboard IPOs, GMP should not be solely relied upon, and due diligence is critical.

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.

The Upcoming IPOs in this week and coming weeks are Safe Enterprises Retail Fixtures, Globe Civil Projects, Sambhav Steel Tubes, Ellenbarrie Indutrial Gases, Kalpataru, HDB Financials, AJC Jewel, ArisInfra Solutions, Influx Healthtech, Mayasheel Ventures, Eppeltone Engineers.

The Current active IPO are Oswal Pumps, Patil Automation, Samay Projects Services, Aten Papers, Monolithisch India.

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