Arisinfra Solutions failed to impress investors during its listing day. The infra-tech platform was listed at a double-digit discount of over 10% from its opening price of ₹205. The weak debut came in despite robust performance in benchmark indices.
The ₹499 crore mainboard IPO comprised entirely of a fresh issue of 2.25 crore shares. The bidding window was open from June 18, 2025 (Wednesday) and closed on June 20, 2025. (Friday)
The IPO received decent investor interest during the bidding period, with the issue being subscribed 2.80 times on an overall basis. The retail category was subscribed 5.9 times, whereas the qualified institutional buyers (QIBs) category witnessed a subscription of 1.5 times. The category allotted for non-institutional investors (NIIs) saw a subscription of 3.32 times.
At 11:50 am, Arisinfra Solutions was trading at ₹187.49 price level, down by over 8.54% from the opening price of ₹205 on the National Stock Exchange. The decline was even steeper as against the issue price, as the company shares experienced a fall of 15.52%.
JM Financial Ltd., IIFL Capital Services Ltd. and Nuvama Wealth Management Ltd. were the book-running lead managers of the Arisinfra Solutions IPO. The company will be using the funds raised via the public offering, for payment of certain borrowings and general corporate purposes.
A portion of funds will also be allocated towards funding the working capital requirements of the company and its subsidiary, Buildmex-Infra Pvt. Ltd. The company has also raised ₹224.82 crore from anchor investors.
The IPO price band was fixed at ₹222 per equity share. The application lot size stood at 67 shares, meaning investors were required to purchase at least 67 shares or in multiples of 67 thereof. Retail investors were required to invest at least ₹14,070 to participate in the bidding process.