Arisinfra Solutions Limited is a company that started in 2021. It helps other businesses buy construction materials easily using technology. Imagine a big online store, but instead of clothes or toys, it sells things like steel pipes, wires, cement, and bars that are used to build roads, bridges, and buildings. This is called a Business-to-Business (B2B) platform, which means it works with companies, not regular people like you and me.
The company’s main goal is to make buying these materials faster and simpler by using computers and the internet. They have already sold more than 10.35 million metric tonnes of materials to over 2,100 customers in cities like Mumbai, Bengaluru, and Chennai. Some of their big customers are Capacit’e Infraprojects Limited, J Kumar Infraprojects Limited, Afcons Infrastructure Limited, and EMS Limited. These are companies that build huge projects, and Arisinfra helps them get what they need.
IPO Related Details
Arisinfra Solutions IPO is structured as a Book Built Issue with the following key details:
| Parameter | Details |
|---|---|
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,85,71,428 equity shares |
| Fresh Issue | 2,85,71,428 equity shares (₹600 crore) |
| Face Value | ₹2 per equity share |
| Pre-IPO Placement | ₹80 crore already raised |
| Revised Issue Size | ₹499.6 crore (after pre-IPO placement) |
| Listing At | BSE & NSE |
| Price Band | To be announced |
| Book Running Lead Managers | JM Financial, IIFL Securities, Nuvama Wealth Management |
It’s worth noting that Arisinfra completed a pre-IPO funding round of ₹80 crore on January 17, 2025, with participation from Cognizant Capital Dynamic Opportunities Fund, JVS Holdings LLP, and Lamha Enterprise LLP. This reduced the IPO size from the initially planned ₹579.6 crore to ₹499.6 crore.
IPO Timeline Details
The key dates for the Arisinfra Solutions IPO are as follows:
| Event | Date |
|---|---|
| IPO Open Date | March 20, 2025 |
| IPO Close Date | March 25, 2025 |
| Basis of Allotment | March 26, 2025 |
| Refund Initiation | March 27, 2025 |
| Credit of Shares to Demat Account | March 27, 2025 |
| IPO Listing Date | March 28, 2025 |
Investors should mark these dates on their calendar if they plan to participate in the IPO. The application process will be open for six days, giving investors sufficient time to analyze and decide.
IPO Promoter Details
The promoters of Arisinfra Solutions bring diverse experience to the company:
- Ronak Kishor Morbia (Co-Founder and Chairman)
- Bhavik Jayesh Khara (Co-Founder)
- Siddharth Bhaskar Shah
- Jasmine Bhaskar Shah
- Priyanka Bhaskar Shah
- Bhaskar Shah
- Aspire Family Trust
- Priyanka Shah Family Trust
The leadership team includes Srinivasan Gopalan (CEO), Jitender Sharan (CTO & Product Head), and Amit Gala (CFO). This combination of experienced founders and professional management brings strong leadership to the company.
IPO Lot Size
For retail investors looking to participate in the Arisinfra Solutions IPO:
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 70 | ₹14,700* |
| Retail Maximum | 13 | 910 | ₹191,100* |
*Note: These amounts are based on previously reported price band of ₹200-₹210 and may change when the final price band is announced.
Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots. This structure allows small investors to participate with a reasonable investment amount while setting an upper limit for individual applications.
IPO Reservation
The Arisinfra Solutions IPO has specific reservation quotas for different categories of investors:
| Investor Category | Shares Offered |
|---|---|
| Qualified Institutional Buyers (QIB) | Not less than 75% of the Net Offer |
| Retail Individual Investors (RII) | Not more than 10% of the Net Offer |
| Non-Institutional Investors (NII/HNI) | Not more than 15% of the Net Offer |
This allocation structure gives preference to institutional investors while still providing opportunities for retail and high-net-worth individual investors to participate.
Company Financial Details
Arisinfra Solutions has shown revenue growth but has been operating at a loss:
| Financial Parameter | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue (₹ Cr) | 454 | 754 | 702 |
| Operating Profit (₹ Cr) | -1 | -1 | 13 |
| Profit After Tax (₹ Cr) | -6 | -15 | -17 |
| Total Assets (₹ Cr) | 334 | 395 | 493 |
| Net Worth (₹ Cr) | 140 | 105 | 142 |
| Debt-to-Equity Ratio | 0.94 | 1.75 | 1.45 |
| Return on Net Worth (%) | -4.42 | -13.54 | -13.14 |
| Earnings Per Share (₹) | -1.78 | -4.13 | -5.3 |
Objects of the Issue
The funds raised through the IPO will be used for the following purposes:
- Funding the working capital requirements of the company to support business expansion
- Investment in the company’s subsidiary, Buildmex-Infra, to fund its working capital needs
- Repayment of existing loans to reduce interest burden
- General corporate purposes, including strategic initiatives, brand building, and technology upgrades
These fund utilizations are aimed at strengthening the company’s financial position and supporting its growth plans in the competitive construction materials market.
Company Upcoming Plans
Arisinfra Solutions has outlined several strategic initiatives for future growth:
- Optimizing the mix of construction materials sold to focus on higher-margin products
- Forming strategic partnerships with third-party manufacturers to improve supply chain efficiency and control over production quality
- Driving demand-side growth through alliances with real estate and infrastructure players
- Enhancing working capital efficiency by optimizing the gap between customer payments and supplier payments
- Increasing market penetration by expanding into new micro-markets and geographies
- Leveraging technology to improve operational efficiency and customer experience
These plans reflect the company’s focus on sustainable growth through both operational improvements and strategic expansions.
Strengths and Risks of Company
Strengths:
- Technology-driven supply chain that simplifies procurement for construction companies
- AI integration for efficient processing and reduced errors
- Scalable business model that supports expansion into new regions
- Diversified product portfolio and vendor network
- Data analytics capabilities for informed decision-making
- Strategic partnerships with manufacturers and developers
- Credit risk analysis tools to prevent bad debts
Risks:
- Limited product range with reliance on aggregates, RMC, and steel
- High regional dependence on Maharashtra, Karnataka, and Tamil Nadu
- Heavy reliance on key clients that could impact financial stability
- Vulnerability to construction market cycles and economic downturns
- External disruptions like natural disasters or political instability
- Supply chain dependence on third-party vendors
- Intense competition pressuring profit margins
- Regulatory changes or compliance issues
- Economic volatility affecting profitability and project timelines
- Delayed client payments affecting cash flow
Investors should carefully weigh these strengths and risks before making an investment decision.
Company Official RHP and DRHP Links
| Document | Link |
|---|---|
| Draft Red Herring Prospectus (DRHP) | DRHP LINK |
| Red Herring Prospectus (RHP) | Will be available after SEBI approval |
1. What is Arisinfra Solutions Limited’s core business?
Arisinfra Solutions is a B2B technology-enabled company that simplifies and digitizes the procurement process for construction materials. It connects suppliers with real estate developers and infrastructure contractors, making the buying process easier through digital tools.
2. When will the Arisinfra Solutions IPO open for subscription?
The IPO will open for subscription on March 20, 2025, and close on March 25, 2025. The shares are expected to be listed on BSE and NSE on March 28, 2025.
3. What is the minimum investment required for the Arisinfra Solutions IPO?
Retail investors can apply for a minimum of 1 lot, which consists of 70 shares. Based on the expected price band, the minimum investment would be approximately ₹14,700.
4. How has Arisinfra Solutions performed financially in recent years?
The company has shown revenue growth from ₹454 crore in FY 2022 to ₹754 crore in FY 2023, with a slight decline to ₹702 crore in FY 2024. However, the company has been operating at a loss, with a net loss of ₹17 crore in FY 2024.
5. How will Arisinfra Solutions use the IPO proceeds?
The company plans to use the IPO proceeds for funding working capital requirements, investing in its subsidiary Buildmex-Infra, repaying loans, and general corporate purposes.
6. Who are the book running lead managers for the Arisinfra Solutions IPO?
JM Financial Limited, IIFL Securities Ltd, and Nuvama Wealth Management Limited are the book running lead managers for the IPO.
7. What are the main risks associated with investing in Arisinfra Solutions?
Key risks include the company’s current unprofitability, high regional dependence, reliance on key clients, vulnerability to construction market cycles, and intense competition in the construction materials market.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investing in IPOs involves market risks, and investors should consult their financial advisors before making any investment decisions. The financial data and IPO details mentioned in this article are based on publicly available information and may be subject to change. Past performance is not indicative of future results. The stock price can be volatile after listing and may not reflect the company’s true value. Investors should read the Red Herring Prospectus carefully before investing.
