The ₹499.6-crore book-building initial public offering (IPO) was overall subscribed 2.65 times with bids for over 3.46 crore shares, compared to 1.3 crore shares on offer.
The mainboard IPO was open for subscription from June 18 to June 20.
The retail quota of the IPO was booked 5.59 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 3.14 times. The Qualified Institutional Buyers (QIBs) category saw subscription of 1.42 times.
Arisinfra Solutions IPO comprised entirely a fresh issue of 2.25 crore shares.
The company plans to use the net proceeds from the IPO to meet working capital requirements, invest in its subsidiary Buildmex-Infra, repay existing debt, acquire a partial stake from current shareholders in its subsidiary ArisUnitern Re Solutions Pvt Ltd, and support general corporate activities.
The investors, who bid for the IPO shares, can check the allotment status online via the websites of the BSE, NSE and the issue registrar, MUFG Intime India Private Limited (Link Intime).
Steps to check Arisinfra Solutions IPO share allotment on BSE:
· Visit the IPO allotment page on BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
· Select ‘Equity’ as the issue type
· Choose Arisinfra Solutions Ltd. from the dropdown menu for issue names
· Enter your application number or PAN to proceed
· Click on Search to view your share allotment details
Steps to check Arisinfra Solutions IPO allotment on MUFG Intime India:
· Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
· From the dropdown menu, select ‘Arisinfra Solutions Limited’ from the list of companies
· Select any one of the PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status
· Enter the required details
· Click on ‘Submit’ to check the allotment status
Investors can also check the Arisinfra Solutions IPO allotment status on the NSE website using their registration ID and password.
The transfer of shares into the Demat account of successful bidders is expected on Tuesday, Jun 24. The company will also initiate refunds for non-allottees the same day. Shares of Arisinfra Solutions Ltd are scheduled to be listed on the NSE and BSE on Wednesday, June 25.
Incorporated in 2021, ArisInfra Solutions Ltd is a modern B2B technology platform designed to streamline the procurement of construction materials and enhance financial management for companies in the construction and infrastructure sectors.
Operating in the growing construction materials space, ArisInfra leverages digital solutions to simplify purchasing processes and deliver a seamless, end-to-end experience for its customers. Its product lineup includes steel-based materials such as GI pipes, MS wire, and MS TMT bars, as well as cement products like OPC Bulk, among others.
