Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
ArisInfra Solutions Ltd, a technology-driven company specializing in the procurement of construction materials, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹600 crore through an initial public offering (IPO). This move marks a significant step for the Mumbai-based firm as it seeks to enhance its capital base and expand its operations.
- IPO Size : ₹600 crore
- Type : Fresh issue of equity shares (no offer for sale component)
- Pre-IPO Placement : The company aims to raise approximately ₹120 crore through a pre-IPO placement, which will be deducted from the total IPO size if successful.
- Use of Proceeds : The funds raised will be allocated for working capital requirements, investments in its subsidiary Buildmex-Infra, purchasing shares from existing shareholders of ArisUnitern Re Solutions Pvt Ltd, loan repayments, and general corporate purposes.
ArisInfra Solutions is focused on digitizing and simplifying the procurement process for construction materials. Since its inception, the company has delivered over 10.35 million metric tonnes of materials, including aggregates, steel, cement, and ready-mix concrete. It has established a network of 1,458 vendors and served 2,133 customers across nearly 1,000 pin codes in various cities.
In the financial year 2023-24, ArisInfra reported a revenue of ₹700 crore with an EBITDA of ₹40 crore, showcasing its growth trajectory in the construction sector.
The IPO will be managed by Nuvama, JM Financial, and IIFL Securities, who will serve as the book-running lead managers for the issue.
With its focus on technology and efficiency in the construction materials procurement sector, ArisInfra Solutions aims to leverage the IPO to fuel its growth and expand its market presence. The filing with SEBI is a crucial step in this process, paving the way for potential investors to support the company's ambitious plans.
Chat on WhatsApp
Request a call back
