ArisInfra Solutions IPO Day 1: Subscription Status, GMP, and Key Highlights
By CapitalKeeper | News | Indian Sock Market | Market Moves That Matter
📌 IPO Overview
- Size & Structure
A fully fresh issue of ₹499.6 cr via book-building; price band set between ₹210–₹222/share. - Timeline
Subscription open from June 18–20; allotment likely June 23; tentative listing set for June 25 on BSE/NSE. - Objective
Proceeds to repay ₹205 cr debt, fund working capital (₹177 cr), and invest ₹48 cr in subsidiary Buildmex-Infra.
📈 Day 1 Subscription Snapshot
- Overall: 0.26× (sub.), per IPOWatch — or 12% by mid‑afternoon per Moneycontrol.
- Segmental interest:
- Retail: 1.10× (IPOWatch), 73% (Moneycontrol)
- NII: 0.20×
- QIBs: No bids so far.
Interpretation: Strong retail appetite, while institutional interest remains muted—typical for new infra tech issues at the launch stage.
💰 Grey Market Premium (GMP)
- Trading around ₹25–₹27, indicating an expected listing near ₹247–₹249/share, at a 11–13% premium over the ₹222 top band.
- GMP suggests positive market sentiment, though grey prices can fluctuate sharply as issues mature.
🔍 Key Highlights & Broker Insights
- Platform & Reach: Active across 20 cities, with 1,700+ vendors and 2,600+ customers; delivered 14 Million MT materials till Dec 2024.
- Financials: FY24 revenue ₹702 cr (↓7% YoY), PAT loss of ₹17.3 cr; turned modest PBT-positive (₹6.5 cr) in 9MFY25.
- Valuation Edge: Valued at EV/EBITDA 35.8× FY24—seen as sharp by SBICAP; Bajaj and others recommend “Buy for long-term” citing tech edge, “virtual monopoly”, and strong infra tailwinds.
✅ Takeaways for Investors
| Aspect | Insight |
|---|---|
| Subscription | Robust retail demand; institutional interest pending. |
| Valuation | Premium pricing—viewed as expensive in short term. |
| GMP Signal | ₹25–27 indicates 11–13% listing upside. |
| Risk Factors | Negative FY24 earnings, institutional interest, GMP volatility. |
| Growth Thesis | Digitization in infra supply chain, marquee clientele, tech-led model promising in long run. |
💡 Final Thoughts
ArisInfra Solutions’ IPO signals solid retail sentiment and attractive listing potential. But the high valuation and lack of institutional bids are caution flags. Long-term investors bullish on infrastructure tech and digital transformation may find value, while conservative investors might prefer watching post-listing performance
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