Arisinfra Solutions IPO listing today: Flat GMP suggests muted debut

Synopsis

Arisinfra Solutions is set to list on the BSE and NSE with muted expectations, indicated by a grey market premium of Rs 0, despite strong anchor backing. The IPO, priced at Rs 222, saw modest subscription rates across retail, QIB, and NII categories. While the company reported a recent profit after previous losses, the market remains cautious.

Infrastructure-tech firm Arisinfra Solutions is all set to debut on the bourses today following a three-day IPO bidding window that closed on June 20. However, ahead of its listing on the BSE and NSE mainboards, the stock is showing no grey market premium (GMP), currently quoted at Rs 0, indicating muted listing expectations despite the company’s strong fundamentals and marquee anchor backing.

With the IPO price fixed at Rs 222 per share, the estimated listing price remains at Rs 222, reflecting a 0% expected gain or discount based on the latest GMP data. This neutral sentiment may be reflective of broader market volatility, valuation concerns, or near-term demand-supply dynamics.

Arisinfra Solutions IPO overview

The issue was a pure fresh equity sale of 2.25 crore shares, aggregating to Rs 499.60 crore, with no offer-for-sale component. The company raised Rs 224.82 crore from anchor investors a day before the opening, with strong institutional participation.

The issue saw modest retail interest with 5.90 times subscription in the retail category. QIBs subscribed 1.5 times, and NIIs came in at 3.32 times, taking the total subscription to 2.80 times overall.

About the Company

Founded in 2021, Arisinfra Solutions is a B2B procurement and financial platform that caters to the construction materials supply chain. The company services over 2,100 customers across 960+ PIN codes, dealing in materials such as steel, cement, aggregates, RMC, chemicals, and walling solutions.

Arisinfra also operates a subsidiary, ArisUnitern Re Solutions, offering consultancy and advisory services tailored to real estate developers.

Despite a loss-making track record until FY24, the company reported a profit of Rs 6.53 crore in the nine months ending December 2024, along with an EBITDA of Rs 39.88 crore, signalling a possible turnaround.

The zero GMP suggests that the market is taking a cautious stance ahead of listing. That said, the company’s growth trajectory, institutional confidence, and improving financial performance could still drive interest post-listing, especially if the broader market supports a rerating.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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