Arisinfra Solutions IPO Opens on Wednsday, June 18: Here’s what gmp trend hints ahead of subscription

The Arisinfra Solutions iPo has been Scheduled to Open for Subscription on Wedns, June 18, and will close on Friday, June 20. The Arisinfra Solutions iPo Date for Allocation to Anchor Investigation to Anchor Investors Place Tomorrow (Tuesday, June 17). The Arisinfra Solutions iPo Price Band has been fixed in the range of 210 to 222 per equity share with a face value of 2. Arisinfra Solutions IPO Lot Size is 67 equity shares and in multiples of 67 equity shares there.

Arisinfra is a technology-enabled company that operates in the business-to-business (B2B) Sector of the Growing Construction Materials Industry. The company aims to digitize and streamline the procurement process, providing a seamless end-to-end experience for customers.

Its Range of Products Includes Gi Pipes (Steel), MS Wire (Steel), MS TMT Bars (Steel), OPC Bulk (Cement), Among others.

From April 1, 2021, to March 31, 2024, The Company Successfully Supplied 10.35 Million Metric Tonnes of Construction Materials, which Encompass Aggregates, Reedy-Mix CONCRETE, Steel, CONCRETE, CONCRETE Construction chemicals, and walling solutions, by Leveragging 1,458 vendors and Catering to 2,133 Customers Across 963 Postal Codes in Various Locations, Such as Mumbai (Maharashtra), Bangaluu (Karnataka), and Chennai (Tamil Nadu).

The company’s clientele includes capacit’e infraprojects limited, j kumar infraprojects limited, Afcons infrastructure limited, eMS limited, SP singla Consstructure Limited, and Otures.

Arisinfra Solutions IPO Gmp Today

According to the last five sessions of green market activities, today’s iPO GMP is trending downward and is anticipated to decline further. The minimum gmp is 25.00, while the maximum gmp is 40.00, as Reported by Experts from Investorgain.com. Let’s check what does Arisinfra Solutions ipo Gmp Today of Opening for Subscription;

Arisinfra Solutions IPO GMP Today is +25. This indicates Arisinfra Solutions Share Price Was Trading at a Premium of 25 in the green market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of arisinfra solutions share price is indicated at 247 Apiece, which is 11.26% higher than the IPO price of 222.

‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.

Arisinfra Solutions IPO Details

Arisinfra Solutions IPO CONSISTS of a Fresh issue of 2,25,04,324 equity shares, aggregating to 499.60 Crore. There’s no offer for sale (ofs) component.

Arisinfra solutions plans to utilize the net proceeds from the IP for Several Purposes, Including Repaying or Prepaying Loans, Addressing The Company’s Working Capital Needs, Investing Intesting In ItsDiry Supporting General Corporate Initiatives, as well as potential imndiclosed acquisitions.

The Book-Running Lead Managers for the Arisinfra Solutions iPo Are JM Financial Limited, IIFL Capital Services Limited, And Nuvama Wealth Management Limited, LINKEA PRVATED (LINK Intime) Acts as the registrar for the offering.

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