Arisinfra Solutions IPO: Dates, Price Band, Lot Size, Company Details & Should You Apply?

Intro: Arisinfra Solutions IPO

Arisinfra Solutions IPO is hitting the primary market with a fresh issue worth ₹499.60 crore. Scheduled to open for subscription from June 18 to June 20, 2025, this IPO has already caught the attention of investors due to its tech-driven business model in the construction materials space. The company offers a B2B platform that streamlines the procurement and delivery of essential materials like cement, steel, RMC, and more—serving over 2,600 customers across 1,050+ locations in India.

With its price band set at ₹210–₹222 per share and a minimum lot size of 67 shares, Arisinfra is looking to tap into the growing demand for tech-enabled infrastructure services. But does it warrant a spot in your portfolio?

Let’s dive deeper into the IPO details, company fundamentals, financials, and whether this listing offers short-term listing gains or long-term value.

Arisinfra Solutions IPO Details

Arisinfra Solutions Limited is launching a mainboard IPO of ₹499.60 crore through a 100% fresh issue of 2.25 crore equity shares. The IPO is being offered through the book-building process, with a price band fixed at ₹210 to ₹222 per share.

Investors can place bids starting June 18, 2025, and the issue will close on June 20, 2025. The shares are proposed to be listed on both BSE and NSE, with a tentative listing date of June 25, 2025.

Key highlights:

IPO Particulars	Details
IPO Opening Date	June 18, 2025
IPO Closing Date	June 20, 2025
Listing Date (Tentative)	June 25, 2025
Price Band	₹210 – ₹222 per share
Face Value	₹2 per share
Lot Size	67 shares
Issue Size	₹499.60 crore (2.25 crore shares)
Fresh Issue	100% fresh issue
Minimum Retail Investment	₹14,874 (at upper price band)
Book-Running Lead Managers	JM Financial, IIFL Capital, Nuvama
Registrar	Link Intime India Pvt Ltd

Reservation breakdown:

• QIB (Qualified Institutional Buyers): Not less than 75%
• NII (Non-Institutional Investors): Not more than 15%
• Retail Investors: Not more than 10%

Important Dates – Arisinfra Solutions IPO

Keep an eye on these key dates if you’re planning to invest:

Event	Date
IPO Opening Date	June 18, 2025 (Wednesday)
IPO Closing Date	June 20, 2025 (Friday)
Cut-off Time for UPI Confirmation	June 20, 2025, 5:00 PM
Basis of Allotment	June 23, 2025 (Monday)
Initiation of Refunds	June 24, 2025 (Tuesday)
Shares Credited to Demat A/c	June 24, 2025 (Tuesday)
IPO Listing Date (Tentative)	June 25, 2025 (Wednesday)

IPO Objectives – How Arisinfra Plans to Use the Funds

Arisinfra Solutions aims to raise ₹499.60 crore through this IPO. The proceeds will be utilized for the following purposes:

1. Repayment/prepayment of outstanding borrowings – ₹204.60 crore
   (To reduce debt burden and strengthen balance sheet)
2. Funding working capital requirements – ₹177.00 crore
   (To support day-to-day business operations and growth)
3. Investment in subsidiary (Buildmex-Infra Pvt. Ltd.) – ₹48.00 crore
   (To meet its working capital needs)
4. General corporate purposes & potential inorganic acquisitions
   (To pursue growth opportunities and business expansion)

Business Model – Arisinfra Solutions IPO

Arisinfra Solutions Limited is like the Amazon or Flipkart for construction materials, but only for bulk buyers like real estate builders and infrastructure contractors.

Imagine a builder needs 500 tons of cement and steel for a highway project. Traditionally, they would call multiple local vendors, wait for quotes, compare prices, worry about quality, and coordinate deliveries.

Arisinfra makes this process digital, fast, and reliable.

Here’s how:

• The builder sends a Request for Quotation (RFQ) on Arisinfra’s platform.
• Arisinfra’s tech system finds the best vendors based on price, location, and track record.
• They compile all offers into one single competitive quote with their margin added.
• Once the order is placed, Arisinfra coordinates logistics and delivers the materials to the site, giving real-time updates to the buyer.

It’s a full-stack solution — no need for the builder to deal with multiple middlemen or manage messy logistics. The platform handles it all — from sourcing to doorstep delivery.

Business Breakdown of Arisinfra Solutions IPO

Arisinfra earns money through two primary streams:

1. Revenue from Sale of Construction Materials (Vendor Sourced)

This is the traditional model. Arisinfra procures materials like cement, steel, aggregates, RMC, and chemicals from external vendors and resells them to developers and contractors.

They act as a tech-enabled middle layer — ensuring availability, price discovery, logistics, and delivery.

• In this model, the profit comes from the margin added over vendor pricing.
• It’s scalable and asset-light, relying on a wide network of 1,700+ vendors.

2. Revenue from Third-Party Manufactured Construction Materials

Here, Arisinfra partners with third-party manufacturers to produce products under its own brand or control — like RMC (ready-mix concrete), aggregates, and aerated concrete blocks.

This gives them:

• Better margins (since they reduce dependency on vendors),
• Better quality control, and
• A stable and reliable supply chain.

Numbers at a glance:

• Revenue from 3rd party manufacturing:
  • ₹1,902.57 million in 9M FY25 (34.81% of total ops revenue)
  • ₹1,224.44 million in FY24 (17.57%)
  • ₹184.05 million in FY23 (2.47%)

This segment is growing fast and helps build brand identity in a fragmented market.

Opportunity Ahead

The Indian construction material procurement market is a ₹20+ lakh crore segment, mostly unorganized and offline.

Key drivers of opportunity:

• Infrastructure and real estate B2B market is expected to grow from $275B (2024) to $450B+ by 2029.
• Tech adoption is less than 3%, meaning Arisinfra can be an early mover in digitizing procurement.
• Fragmented vendor landscape = need for aggregators like Arisinfra.
• Increasing demand for price transparency, quality control, and last-mile delivery.

Just like Udaan digitized the kirana supply chain, Arisinfra aims to digitize the builder’s supply chain, creating a high-growth, scalable B2B business.

Risks to Keep in Mind

Like any growing company, Arisinfra faces a few important challenges:

• Heavy reliance on construction sector: Their entire business depends on the real estate and infrastructure cycles. Any slowdown (e.g., due to interest rate hikes or policy issues) can reduce demand significantly.
• Low margins in core sourcing model: Reselling vendor materials involves tight margins. As competition increases, price pressure may rise, unless they grow the high-margin manufacturing segment faster.
• Execution and delivery challenges: Delays or quality issues in material delivery could hurt their brand. They operate across 1,075+ pin codes — that’s a complex logistics play.
• Limited tech penetration in user base: Many construction contractors still operate offline. Getting them to adopt digital workflows may take time and training.

Financial Overview – Arisinfra Solutions Ltd

Consolidated Financials (₹ in Crore)

Particulars	9M FY25 (Dec 2024)	FY24 (Mar 2024)	FY23 (Mar 2023)	FY22 (Mar 2022)
Revenue	557.76	702.36	754.44	453.77
Profit After Tax	6.53	-17.30	-15.39	-6.49
Total Assets	586.56	492.83	394.95	334.22
Net Worth	152.09	141.60	104.94	140.30
Reserves & Surplus	141.10	139.77	-41.36	-6.01
Total Borrowings	322.82	273.98	220.35	154.25

Key Financial Ratios (As of Mar 31, 2024)

• Debt-to-Equity Ratio: 1.45
  → Indicates moderate-to-high leverage. The company is funding growth through significant borrowing.
• Return on Net Worth (RoNW): -13.14%
  → Reflects loss-making performance in FY24; improvement needed in profitability to generate shareholder value.
• Price-to-Book Value (P/BV): 8.61
  → Implies high valuation in comparison to its book value; market has priced in strong future growth potential.

Interpretation:

• While revenue scale is impressive, profitability has remained a challenge until recently.
• The positive PAT in 9M FY25 is a key turning point that may support valuation if sustained.
• The company’s debt levels are elevated, and investors should watch how it manages debt-servicing going forward.
• A high P/BV ratio reflects bullish market sentiment, but given weak RoNW and past losses, investors may want to factor in execution risk.

Valuation and Peer Comparison

Arisinfra Solutions is entering the capital markets with a monopoly-like positioning in the tech-enabled B2B construction material procurement segment. Due to the niche nature of its business and absence of a direct listed competitor in India, there are no pure-play listed peers, giving the company a first-mover advantage.

Key Valuation Metrics

Metric	Value
Earnings Per Share (EPS)	₹ -5.30
Price-to-Earnings (P/E)	-41.89 (Negative)
Price-to-Book Value (P/BV)	8.61
Market Cap (Approx.)	₹ 1,799.28 Cr

Interpretation

• Negative EPS and P/E Ratio:
  Arisinfra is currently loss-making, which leads to a negative P/E ratio. This is typical for high-growth startups or tech-first platforms during their expansion phase.
• High P/BV (8.61x):
  The market is assigning a premium valuation, anticipating strong future growth and potential profitability as tech adoption in B2B procurement rises.
• No Listed Peers:
  Unlike cement or steel manufacturers, Arisinfra operates as a platform and aggregator, creating a digital infrastructure for construction procurement. This gives it an edge in a fragmented, inefficient industry where tech penetration is still under 3%.

Monopoly Advantage: Being the only listed player in its segment, Arisinfra enjoys early-mover benefits and could attract investor interest from those looking for niche, platform-based infrastructure plays.

GMP of Arisinfra Solutions IPO

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Profit
13-06-2025	₹222.00	₹40	₹262 (18.02%)	₹2,680 per lot

What Does This GMP Mean?

• The current GMP of ₹40 suggests that Arisinfra Solutions shares might list at ₹262, implying an 18% expected gain on listing.
• This positive premium indicates strong demand in the unofficial grey market, despite the company’s negative earnings.
• The likely driver is Arisinfra’s monopoly position in a tech-enabled, unorganised B2B construction procurement sector — which the market sees as a high-growth opportunity.

💡 However, GMP is speculative and not a guarantee. Investors should evaluate fundamentals and risk tolerance before making decisions.

Final Verdict: Should You Apply for Arisinfra Solutions IPO?

🔹 Short-Term View: Opportunity for Listing Gains

Arisinfra Solutions IPO is witnessing a strong interest in the grey market, with a current GMP of ₹40 over the issue price of ₹222 — indicating a potential 18% listing gain. The company’s monopoly-like positioning, asset-light tech-driven model, and operations in an underpenetrated construction B2B market are fueling optimism.

📊 Key Factors Supporting Short-Term Interest:

• Positive GMP trend despite financial losses.
• Attractive sector outlook with tech disruption potential.
• No direct listed peers — scarcity premium.

💡 Best Strategy for Short-Term Investors:

• Apply for listing gains only through retail quota — not ideal for HNIs using leverage due to thin margins and risk of volatility.
• Exit on listing day or shortly after if the stock opens strong or meets estimated GMP-linked price (around ₹260+).
• Keep a strict stop loss in case of weak listing sentiment or broader market pressure.

🔹 Long-Term View: High Potential, High Risk

Arisinfra is solving real inefficiencies in the construction supply chain using a tech-enabled B2B approach. Its customer/vendor network is growing, and the move into third-party manufacturing opens margin expansion potential. However, it is still loss-making, has high debt, and operates in a cyclical industry.

📉 Financial Weaknesses:

• Consistent losses until Dec 2024, despite revenue growth.
• High Debt/Equity (1.45) and negative RoNW (-13.14%).
• P/E is not meaningful due to negative EPS (₹-5.30).

📈 Growth Drivers for Long-Term:

• Rising infra and real estate investments in India.
• Low digital penetration (~1–3%) in the B2B construction sector — offering scale potential.
• If the company turns profitable, valuation could rerate sharply.

💡 Best Strategy for Long-Term Investors:

• Avoid aggressive IPO allotment for long-term holding. Wait and watch post-listing performance and quarterly results.
• Enter gradually on dips once profitability visibility improves and debt reduces.
• Track key metrics: EBITDA margins, vendor/customer growth, and asset-light expansion success.

Summary

Investment Horizon	Listing Gains	Business Strength	Financials	Strategy
Short Term	✅ Possible (18% GMP)	Monopoly-like model in hot sector	❌ Loss-making	Apply for listing gains only; exit on pop
Long Term	✅ Sector tailwinds	Tech-led disruption in underpenetrated market	❌ Weak profit, high debt	Wait post-listing; enter on dips with growth proof

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FAQs: Arisinfra Solutions IPO

1. What is the IPO date for Arisinfra Solutions?
The IPO opens on June 14, 2025, and closes on June 18, 2025.

2. What is the price band and lot size?
The price band is ₹217–₹222 per share, and the minimum lot size is 67 shares.

3. What is Arisinfra Solutions’ business model?
It’s a tech-enabled B2B platform that helps real estate and infra companies procure construction materials efficiently.

4. Is Arisinfra a profitable company?
No, it is not yet profitable. It reported a loss of ₹17.3 crore in FY24 but has shown revenue growth.

5. Does the company have any listed peers?
No, Arisinfra has no direct listed peers, giving it a monopoly-like positioning in its niche.

6. What is the GMP (Grey Market Premium)?
As of June 13, 2025, the GMP is ₹40, indicating a possible 18% listing gain.

7. What is the market cap of the IPO?
The estimated post-issue market cap is ₹1,799.28 crore.

8. What is the key risk in investing?
Key risks include continued losses, high debt, and cyclical demand in the construction industry.

9. Is Arisinfra suitable for long-term investment?
Only if you have a high-risk appetite and believe in tech disruption in B2B infra supply chains.

10. What’s the best strategy for investors?
Apply for listing gains if GMP remains strong. For long-term, wait for profit visibility before investing.

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