IPO Details
RHP/DRHPIssue Date
18 Jun - 20 Jun'25
Investment/lot
₹ 14874
Price Range
210 - 222
Lot Size
67
IPO Size
₹ 499.6 Cr
Schedule of Arisinfra Solutions IPO
Start date
18/06/2025
End date
20/06/2025
Allotment of bids
23/06/2025
Refund Initiation
24/06/2025
Listing on exchange
25/06/2025
About Arisinfra Solutions IPO
The IPO of Arisinfra Solutions Ltd comprises a fresh issue of equity shares of face value of ₹2 each aggregating up to ₹499.596 crores. It’s a 100% book-built issue. The lot size is 67 shares and in multiples thereof and the price range is between ₹210 and ₹222.
The IPO opens on June 18, 2025 and closes on June 20, 2025. The basis of allotment is June 23, 2025. The listing date is June 25, 2025. The credit of shares to the demat account will take place on June 24, 2025. The initiation of refunds will take place on June 24, 2025.
Objectives of Arisinfra Solutions IPO
- Repayment / prepayment, in full or part, of certain outstanding borrowings availed by the company
- Funding the working capital requirements of the company
- Investment in its subsidiary, Buildmex-Infra Private Ltd (Buildmex), for funding its working capital requirements
- General corporate purposes and unidentified inorganic acquisitions
ArisInfra Solutions IPO Share offer and Subscription Details
| Subscription Details | Shares Offered |
|---|---|
Qualified Institutional Bidder | Not more than 75% of the total offer |
Non-Institutional Investors | Not less than 15% of the total offer |
Retail | Not more than 10% of the total offer |
Industry Outlook
The Indian construction materials market presents a significant opportunity as it is highly unorganised and fragmented, coupled with the absence of many large, organised players, creating numerous challenges for both vendors and customers.
Typically, profit margins of approximately 15% are spread across the multiple intermediaries involved in the procurement chain, indicating USD 35-45 billion margin profit pool opportunity up for grabs in the industry. Additionally, players can tap into further margins through backward integration and forward integration by offering private labels and value-added services.
Company Information
Arisinfra Solutions Ltd is a business-to-business (B2B) technology-enabled company operating in a growing construction materials market, focusing on simplifying and digitising the entire procurement process for construction materials, delivering an efficient end-to-end procurement experience.
It utilises a blend of technology and human expertise to simplify the procurement process for purchasing bulk quantities of various construction materials. It leverages its network of vendors to source construction materials and provide them to real estate and infrastructure developers and contractors, striving to be a one-stop solution for all their construction material requirements.
Strengths of Aris Infra Solutions IPO
Leveraging Technology to Transform the Supply Chain for Construction Materials
Arisinfra Solutions Ltd is a B2B technology-enabled company, simplifying and digitising the procurement process for construction materials. Powered by advanced tools such as artificial intelligence and machine learning, it’s streamlining the supply chain by minimising the need for multiple intermediaries. Its network enables seamless communication with customers and vendors, facilitating a smooth and efficient purchasing experience for construction materials.
Well Positioned to Capitalise on Market Opportunities
The company is a technology-enabled company with a scalable operating model that allows it to expand its operations and drive revenue growth with lower incremental costs. Its competitive technology advantage lies in the capability, functionality and scalability of its systems, allowing it to capitalise on large market opportunities by increasing the scale and effectiveness of its operations.
Quality Assurance
The company implements quality control measures to ensure that the products meet the standards required by them. Its team also visits its facilities and sample checks each batch for sizes and colours. This helps in maintaining brand reputation and customer satisfaction. Further, quality checks are done to ensure adherence to desired specifications. Its long-term association with the client is the testimony of its quality.
Risks of Arisinfra Solutions IPO
- Revenues from RMC and Steel
Arisinfra Solutions Ltd derives a portion of its revenues from the sale of aggregates, ready-mix-concrete (RMC), and steel, which represented 37.11%, 25.29% and 6.69% and 31.19%, 21.12% and 16.73% of its revenue from operations for the nine months ended December 31, 2024 and Fiscal 2024, respectively. Any decline in the demand of these construction materials would have an adverse effect on its business, financial condition, results of operations and cash flows.
- Geographical Concentration of Revenues
The company derives a substantial portion of its revenues from the states of Maharashtra, Karnataka and Tamil Nadu, which accounted for 94.79%, 81.05%, 85.04% and 92.15% of its revenue from operations for the nine months ended December 31, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively. Consequently, any unfavourable developments in these states could adversely affect its business, results of operations, financial condition and cash flows.
- Dependence on Certain Customers
The company depends on certain key customers for a significant portion of its revenues. Its top 10 customers contributed 48.47%, 45.24%, 39.07% and 47.19% of its revenue from operations for the nine months ended December 31, 2024, Fiscal 2024, Fiscal 2023 and Fiscal 2022, respectively.
It does not execute long-term agreements with its customers and its inability to procure new orders on a regular basis or at all or any decrease in revenues from any of its key customers or any loss of any of these customers or its inability to diversify its customer base could have an adverse effect on its business, results of operations, financial condition and cash flows
All Financial Information about Arisinfra Solutions Ltd
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Peers Comparison
There are no listed companies in India or globally (outside India) that engage in a business similar to that of Arisinfra Solutions Ltd. Accordingly, it is not possible to provide an industry comparison in relation to Arisinfra Solutions Ltd.
Anchor Investor Information
June 17, 2025 is the date on which anchor investors can bid for this IPO.
IPO Registrar and Book Running Lead Managers
- IPO Registrar: MUFG Intime India Pvt Ltd
- Book Running Lead Managers: JM Financial Ltd, IIFL Capital Services Ltd and Nuvama Wealth Management Ltd
Business Model
As a B2B technology-enabled company, the business model of Arisinfra Solutions Ltd involves procuring construction materials from vendors and securing payments from customers for construction materials sold. On the supply side, the company recognises the potential in leveraging the underutilised capacities of manufacturers. This approach enables it to expand its range of third-party manufactured construction materials, benefit from local market intelligence and streamline its sourcing and supply chain processes.
Company Growth Trajectory
The revenue of operations of Arisinfra Solutions Ltd grew from ₹452.348 crores in FY 22 to ₹696.842 crores in FY 24. Its gross margin increased from 9.88% in FY 22 to 12.01% in FY 24. The company’s customers increased from 431 in FY 22 to 2133 in FY 24, while active customer count grew from 431 in FY 22 to 1278 in FY 24. Scalable operating model coupled with network effects ensuring long-term strategic benefits has helped the company grow over the years.
Market Position
Operating in a growing construction materials market, between April 1, 2021 and December 31, 2024, Arisinfra Solutions Ltd delivered 14.10 million metric tonnes (MT) of construction materials, including aggregates, ready-mix concrete (RMC), steel, cement, construction chemicals and walling solutions, utilising 1,729 vendors and serving 2,659 customers across 1,075 pin codes in various cities, including Mumbai, Bengaluru and Chennai.
Its customer base includes large real estate and infrastructure developers and contractors, including Capacit’e Infraprojects Limited, J Kumar Infraprojects Limited, Afcons Infrastructure Limited, EMS Limited, S P Singla Constructions Private Limited, Real Gem Buildtech Private Limited, Wadhwa Group Holdings Private Limited, Casa Grande Civil Engineering Private Limited, Sheth Creators Private Limited, Puranik Builders Limited, and Transcon Iconica Private Limited.
Aris Infra Solutions IPO Company Profit & Loss
| Parameter | FY24 | FY23 | FY22 |
|---|---|---|---|
Total Income (in ₹crores) | 702.356 | 754.439 | 453.766 |
Restated Profit/(loss) Before Income Tax (in ₹crores) | (16.839) | (18.236) | (5.445) |
Profit after tax | (17.298) | (15.392) | (6.487) |
EBITDA (in ₹crores) | 13.017 | (0.109) | (1.066) |
EPS in ₹ | (5.30) | (4.08) | (1.78) |
Arisinfra Solutions IPO Cash Flow Statement
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Restated Profit/(loss) Before Income Tax (in ₹crores) | (16.839) | (18.236) | (5.445) |
Net Cash Inflow (outflow) from Operating Activities (in ₹crores) | 3.453 | (14.326) | (269.084) |
Net Cash Inflow (outflow) from Investing Activities (in ₹crores) | (36.775) | (43.160) | (7.043) |
Net Cash Inflow (outflow) from Financing Activities (in ₹crores) | 30.837 | 42.458 | 291.260 |
Total Cash and Cash Equivalents as at Year End (in ₹crores) | 0.594 | 3.079 | 18.107 |
How to Apply for the Arisinfra Solutions Ltd IPO?
1. Visit the Registrar’s Website
- Visit the official website of MUFG Intime India Pvt Ltd
- Click on ‘Public Issues’ from ‘Investor Services’
- Select company name and enter either your PAN, application number, DP/client ID or account number
- Click on ‘Submit’ to know the status
2. Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
3. Check on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Arisinfra Solutions Ltd. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click 'Submit' to know the allotment status.
How to Apply for Aris Infra Solutions Limited IPO?
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Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
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Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
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Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
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Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
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Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Arisinfra Solutions IPO FAQs
What is the minimum lot size required for Arisinfra Solutions IPO?
The minimum lot size is 67 shares and the investment required is ₹14874.
What is the price band of the Arisinfra Solutions IPO?
The price band of Arisinfra Solutions IPO is ₹210 to ₹222.
Where can I read more about Arisinfra Solutions business?
You can read more about Arisinfra Solutions and its IPO from the company’s red herring prospectus (RHP) here.
What is the Arisinfra Solutions Ltd IPO?
The Arisinfra Solutions Ltd IPO comprises a fresh issue of equity shares aggregating up to ₹499.596 crores.
When will the IPO of Arisinfra Solutions Ltd go live?
The IPO will open for subscription on June 18, 2025. It will close on June 20, 2025.
From where can I get more information about the IPO of Arisinfra Solutions Ltd?
To get more information about the IPO of Arisinfra Solutions Ltd, click on the company’s red herring prospectus here.
