The much-anticipated Arisinfra Solutions IPO, a mainboard issue, was expected to hit the markets this week, but now investors will have to wait longer as there is no official confirmation on the issue date yet. The last mainboard IPO, Quality Power, was listed on February 24. The uncertainty surrounding its launch has left the market anxious.
Arisinfra Solutions IPO: IPO issue size and offer details
According to the Draft Red Herring Prospectus (DRHP), Arisinfra Solutions plans to raise Rs 600 crore through a fresh issue of equity shares. The face value of each share is set at Rs 2, but the exact price band and lot size are yet to be announced.
Arisinfra Solutions IPO: Key players managing the IPO
For this IPO, Link Intime India is the registrar, handling the allotment process, while the book-running lead managers include JM Financial, IIFL Securities, and Nuvama Wealth Management (formerly Edelweiss Securities).
ALSO READSEBI gives final approval for LG Electronics India IPO: 4 things you need to know What does Arisinfra Solutions do?
Arisinfra Solutions operates in the business-to-business (B2B) construction materials sector, combining technology and human expertise to streamline the procurement process for bulk construction materials.
As infrastructure and real estate projects grow in India, the company is well-positioned to capitalise on the rising demand in the construction market.
When will the IPO open?
As of now, there is no official date announced yet. Until then, investors will have to wait for further updates on when this much-awaited IPO will finally hit the markets.
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