Arisinfra Solutions IPO Analysis: Understand its Business, Financials, and Risk Factors

Arisinfra Solutions IPO will open on June 18, 2025, and close on June 20, 2025. Founded in 2021, Arisinfra Solutions Limited is a technology-oriented B2B construction material company, and it is promoted by Pharmeasy co-founder Siddharth Shah. The company connects vendors with developers and contractors to simplify and digitize the entire supply chain of construction materials.

This blog will cover the Arisinfra Solutions IPO analysis, including the issue size, price band, financials, and operational highlights.

Arisinfra Solutions IPO Date

The key pointers for the Arisinfra Solutions IPO dates are:

• Bidding Opening Date: June 18, 2025
• Bidding Closing Date: June 20, 2025
• Allotment Date: June 23, 2025
• Initiation of Refunds (in case of less or no allotment): June 24, 2025
• Shares Credited to Your Demat Account: June 24, 2025
• IPO Listing Date: June 25, 2025
• Listing on Exchange: BSE and NSE

Arisinfra Solutions: IPO Issue Size

Arisinfra Solutions IPO valuation, as denoted by the market capitalization, stood at ₹1,799.28 crores.

Here are the important Arisinfra Solutions IPO details:

• Arisinfra Solutions IPO Price Band: ₹210 to ₹222 per share
• Face Value: ₹2 per share
• Lot Size: 67 Shares
• Issue Size and Amount: 225 lakh shares (amounting to ₹499.60 crores)
• Fresh Issue Size and Amount: 225 lakh shares (amounting to ₹499.60 crores)

Arisinfra Solutions IPO Proceeds Usage

Arisinfra Solutions IPO proceeds will be used for the following purposes:

• Loan Repayment: ₹204 crores will be utilised for repayment or pre-payment of loans.
• Working Capital: ₹177 crores will be used to meet the working capital requirements of the company.
• Investment in Subsidiary: ₹48 crores will be invested in Buildmex-Infra Private Limited (subsidiary) to fulfill its working capital needs.
• Other: Remaining for other corporate requirements and acquisition activities.

Arisinfra Solutions IPO Reservations

Arisinfra Solutions IPO reservations to different investors are:

• For QIBs: Not less than 75% of the offer
• For NIIs: Not more than 15% of the offer
• For Retail Investors: Not more than 10% of the offer
• Arisinfra Solutions IPO Shareholder Quota: There is no provision of shareholder quota in the red herring prospectus (RHP).

Arisinfra Solutions IPO Lot Size

Arisinfra Solutions IPO lot size is 67 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:

Applicant Type	Lot Size	Shares	Amount (in ₹)
Retail (Min)	1	67	₹14,874
S-HNI (Min)	14	938	₹2,08,236
B-HNI (Min)	68	4,556	₹10,11,432

Arisinfra Solutions IPO Details: Promoter Holding

Aspire Family Trust, Ronak Kishor Morbia, Bhavik Jayesh Khara, Siddharth Bhaskar Shah, Priyanka Shah Family Trust, and Jasmine Bhaskar Shah are the promoters of Arisinfra Solutions Limited.

Arisinfra Solutions IPO: Company Overview

Arisinfra Solutions Limited was founded by Ronak Morbia and Bhavik Khara in 2021 to simplify the construction material procurement and supply chain. The company sources the construction materials from a network of vendors and then sells the products to real estate developers and contractors.

From April 2021 to December 2024, the company has delivered 14.10 million metric tonnes of construction materials such as RMC, steel, cement, chemicals, soil, and wall putty.

Arisinfra’s business process includes the customer sending the request on the Live RFQ Platform, and then the bids are received from numerous vendors. The company analyzes these bids and shares the best quotation with the customers. Through the integrated delivery management process, the material is delivered after selecting a truck and the e-way bill is generated.

Its customer base includes the large real estate companies such as Capacite Infraprojects, Afcons Infrastructure, and Puranik Builders. Its key business strengths are a technology-driven platform, a strong network of vendors, and a robust credit risk analysis framework.

India’s infrastructure construction B2B market is expected to grow at a CAGR of 10%-12% from $105 – $115 billion in 2024 to $175 – $200 billion in 2029. The construction market is highly unorganized, providing a great opportunity for organized and tech-driven players to simplify the supply chain and make their footprints in this market.

Arisinfra Solutions IPO: Financial Performance

Arisinfra Solutions Limited’s key financials for different periods are as follows:

Particulars (in ₹ Cr)	31 Dec 2024	31 Mar 2024	31 Mar 2023	% Change (FY24 – FY23)
Revenue from operations	546.52	696.84	746.07	-6.60%
Profit After Tax	6.53	-17.30	-15.39	-12.41%
EBITDA	39.88	13.02	-0.11	11936.36%
Net Worth	152.09	141.60	104.94	34.93%
Total Borrowing	322.82	273.98	220.35	24.34%
Assets	586.56	492.83	394.95	24.78%
Net Working Capital	363.26	309.36	265.93	16.33%

• In FY24, Arisinfra Solutions Limited’s revenue from operations reduced by 6.60% YoY to ₹696.84 crores.
• The company turned its loss of ₹17.30 crores in FY24 into a profit of ₹6.53 crores in the nine months of FY25.
• EBITDA increased by a whopping percentage of 11936.36%, and the company turned EBITDA-positive at ₹13.02 crores in FY24.
• The total borrowings increased by 24% to ₹273.98 crores, while assets also rose by 25% to ₹492.83 crores in the financial year 2023-24.
• The net working capital (measure of a company’s short-term liquidity) increased by 16.33% YoY to ₹309.36 crores in FY24.

Arisinfra Solutions IPO: Operational Performance

Here are the operational metrics of Arisinfra Solutions Limited, highlighting its strong presence and customer base:

Particulars	31 Dec 2024	31 Mar 2024	31 Mar 2023	YoY Change
No. of customers	2,659	2,133	1,321	812
No. of vendors	1,729	1,458	1,048	410
No. of daily dispatches	613	484	495	-11
Repeat customers	848	934	920	14

• Arisinfra Solutions Limited’s customer count increased to 2,133 (up 812 YoY) as of the financial year 2023-24.
• The number of vendors has increased to 1,729, and the daily dispatches count also rose to 613 as of December 31, 2024.

Arisinfra Solutions IPO Risk Factors

Arisinfra Solutions IPO GMP is ₹30 as of June 13, 2025 (at 13:55). It is expected to list at a 13.51% gain at a price of ₹252. However, GMP is not a safe or assured criterion to bid for an IPO.

Arisinfra Solutions Limited is exposed to various risk factors that can eventually affect its business and investors’ perception:

1. Over 30% of the revenue is earned from the aggregate (soil and sand), and any decrease in demand for such material can affect the financial performance.
2. There is a concentration of revenue in Maharashtra, Karnataka, and Tamil Nadu, and any geographical disruptions can impact the sales.
3. Approximately 50% of the revenue is generated from the top 10 customers, thereby impacting the business from the loss of a few customers.
4. The company has made losses and negative cash flows from operating activities in the previous financial years, which can continue in the future as well.
5. The default of payments by customers or a decrease in credit periods by vendors can impact the business and operations.

Arisinfra Solutions IPO Details: Contact Details

Here are details of the registered address and registrar name of Arisinfra Solutions Limited:

• Registered Office Address: Unit No. G-A-04 to 07, Ground Floor – A Wing, Art Guild House, Phoenix Marketcity, LBS Marg, Kurla (West), Mumbai 400 070, Maharashtra, India
• Email: cs@arisinfra.one
• Company Website: https://arisinfra.com/
• Registrar Name: MUFG Intime India Private Limited

For all the insights on Arisinfra Solutions IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for Arisinfra Solutions IPO easily on the SMC ACE App by opening free demat account now.

Frequently Asked Questions – FAQs

1. What is Arisinfra Solutions company profile?

Arisinfra Solutions Limited is a B2B construction material tech-driven supply chain company. By connecting through the vendors, it simplifies the procurement and supply of construction materials to real estate developers and infrastructure companies.

2. What happened to Arisinfra IPO?

Arisinfra Solutions IPO is finally opening on June 18, 2025 (Wednesday), and this IPO is a fully fresh issue of approximately ₹500 crores.

3. What is the price band of Arisinfra Solutions?

The price band of Arisinfra Solutions IPO is ₹210 to ₹222 per share, and you need to make a minimum investment of ₹14,874 to bid for this IPO.

References:
https://www.sebi.gov.in/filings/public-issues/jun-2025/arisinfra-solutions-limited-rhp_94545.html
https://www.investorgain.com/gmp/arisinfra-solutions-ipo-gmp/1275/

Author: All Content is verified by SMC Global Securities.