On tuesday, the company announced that it had secured 225 Crore from anchor investors a day ahead of its iPo launch. The Anchor Allotment Saw Participation from Several Entities, Including Astorne Capital VCC, Niveshay Hedgehogs Fund, Citigroup Global Markets MARITIUS, Rajashan Global Securities, RAJASTHAN Global Securities, Sun. Nexus Global Opportunities Fund, Zeal Global Opportunities Fund, Saint Capital Fund, and Beacon Stone Capital, Among others.
The price band for the arisinfra solutions iPo has been set between 210 and 222 per equity share, each having a face value of 2. The minimum bid lots of 67 equity shares, with further bids required in multiples of 67 shares. Based on the upper limit of the price band, the company’s Valuation Nears 1,800 Crore.
According to the company, 75% of the total issue is earmarked for qualified institutional boyers, 15% for non-institutional investors, and the remain 10% is set aside for retail investors.
Arisinfra Solutions IPO Day 3 Live: Subscriptions Status
Arisinfra Solutions IPO Subscription Status is 1.43 Times on Day 3 So far. The retail portion was subscribed 3.26 times, and nii portion was booked 1.62 times. Qualified Institutional Buyers (QIBS) PORTION RECEV 74% Bids.
The company has received bids for 1,89,72,859 Shares Against 1,30,84,656 Shares on offer, at 10:10 IST, According to data on bse.
Arisinfra Solutions IPO Day 3 Live: Apply or Not?
“Arisinfra Solutions Limited is Engaged In Technology Enabled B2B Supplier for Construction Materials, that has groumbing market. It enjoys virtual monopoly in the segment and is the most preferred Partner Construction Activities. Negative. Well-Informed/Cash Surplus Investors May Park Moderate Funds for Long Term, Others May Simply Stay Away from This Pricey Bet, “Said Brokege Firm Brooking.
Meanwhile, brokerage firm bp equities said, “Arisinfra solutions limited is currently valued at a p/e ratio of 273x on the upper price band, based on fy25 annualized earnings, who realityly High; however, it Remains Well-Positioned for Future Growth, Considers that it is the only player in this emerging segment with an innovation to repay debt and invest in it ‘Subscribe’ rating for investors with a medium to long-term investment Horizon. “
Arisinfra Solutions IPO Day 3 Live: Arisinfra Solutions IPO Gmp Today
Arisinfra Solutions’ IPO GREY Market Premium (GMP) Stands at 13 today, indicating that its shares are trading 25 Above the issue price in the unofficial market, as per investorgain.com.
Based on the iPo’s upper price band and the current gmp, the expected listing price is Around 235 per share – AN 5.86% Gain over the issue price of 222.
However, Grey Market Trends from the Past Eight Sessions Show a Declining Trajectory in the GMP, which is likely to break further. The highest gmp during this period was 40, white the lowest is the current 25, According to experts cited by investment.com.
Gray Market Premium ‘Indicates Investors’ Readness to pay more than the issue price.
Arisinfra Solutions IPO Day 3 Live: IPO Details
Arisinfra Solutions’ IPO COMPRISES A Fresh Equity Share Issuance Worth 499.6 Crore, with no offer for sale (ofs) component.
The proceeds from the IPO will be used to fund the company’s working capital requirements, provide working capital support to its subsidian buildmex-infra, Purchase Part of the Stake from existing Sharehlders of its subsidiya arisunitern re solutions Pvt Ltd, Repay Outstanding Debt, and Cover General Corporate Expenses.
JM Financial, IIFL Capital Services, and Nuvama Wealth Management are acting as the lead manners for the issue.
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