Arisinfra Solutions Submitted DRHP With SEBI to Raise Capital

Arisinfra Solutions Limited, a business-to-business (B2B) technology-enabled company operating in a growing construction materials market, has filed the draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO) to raise 600 crore via fresh issue.

Arisinfra Solutions Limited has appointed JM Financial Limited, IIFL Securities Limited, and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) as book-running lead managers. In addition, the company has appointed Link Intime India Private Limited as a registrar of the issue.

Purpose of Arisinfra Solutions IPO

The company proposes to utilise the net proceeds raised from the fresh issue for the following:

• Repayment/prepayment, in full or part, of certain outstanding borrowings availed by its Company;
• Funding the working capital requirements of its Company.
• Investment in its subsidiary, Buildmex-Infra Private Limited (Buildmex), for funding its working capital requirements.
• Purchase of partial shareholding from existing shareholders of our Subsidiary, ArisUnitern Re Solutions Private Limited (formerly ArisUnitern Private Limited).
• General corporate purposes and unidentified inorganic acquisitions.

About Arisinfra Solutions Limited

Arisinfra Solutions Limited is a business-to-business (B2B) technology-enabled company operating in a growing construction materials market. The company is focusing on simplifying and digitising the entire procurement process for construction materials, delivering an efficient end-to-end procurement experience. The company utilise a blend of technology and human expertise to simplify the procurement process for purchasing bulk quantities of various construction materials.

As a B2B technology-enabled company, the company’s business model involves procuring construction materials from vendors and securing payments from customers for construction materials sold. The company has established a diversified business model that encompasses (i) sourcing construction materials from external vendors and supplying them to developers and contractors engaged in the development of real estate and infrastructure projects and (ii) offering third-party manufactured construction materials to these developers and contractors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.