ArisInfra Solutions to Launch Rs 600 Crore IPO After Sebi Green Light

ArisInfra Solutions Ltd, a Mumbai-based B2B company specialising in the procurement and digitisation of construction materials, has received approval from the Securities and Exchange Board of India (Sebi) to raise Rs 600 crore through an Initial Public Offering (IPO). The approval was confirmed by Sebi on November 13, allowing the company to move forward with its plans to go public.

The proposed IPO will be a fresh issue of equity shares, with no offer-for-sale (OFS) component, as outlined in the company’s draft red herring prospectus (DRHP). The funds raised from the public issue will be used for various purposes, including meeting the company’s working capital requirements, investing in its subsidiary, Buildmex-Infra, repaying loans, and covering general corporate expenses. ArisInfra, which filed its preliminary IPO papers in August 2024, operates in the construction materials sector, where it leverages technology to optimise and digitalise the procurement process. The company’s offerings include aggregates, ready-mix concrete, cement, steel, construction chemicals, and walling solutions. Between April 1, 2021, and March 31, 2024, the company successfully supplied 10.35 million tonnes of construction materials, partnering with over 1,400 vendors and serving 2,133 customers across 963 pin codes in major cities across India.

Plans and Growth Prospects The funds raised through the IPO will help ArisInfra further expand its operations, particularly its subsidiary, Buildmex-Infra, which focuses on infrastructure projects. With construction demand continuing to grow in India, ArisInfra is well-positioned to benefit from the ongoing boom in the construction and infrastructure sectors. JM Financial, IIFL Securities, and Nuvama are serving as the book-running lead managers for the issue. The company’s IPO will be closely watched by investors, as it represents an opportunity to tap into the rapidly expanding B2B e-commerce and construction supply chain market. The approval from Sebi marks a crucial step in ArisInfra’s journey to becoming a publicly listed entity, and the upcoming IPO is expected to generate significant interest among institutional and retail investors alike.