ArisInfra Solutions shares GMP at 11% in unlisted market. Check IPO details

Shares of the tech-driven B2B construction materials platform ArisInfra Solutions are trading at a grey market premium of 10.8% or Rs 24-25 in the unlisted market ahead of the opening of its initial public offering (IPO) on June 18.

The GMP refers to the premium at which shares of an upcoming IPO are trading in the unofficial or grey market before they are listed on the stock exchange. A high or positive GMP suggests strong investor demand and that the stock is likely to list at a price above its issue price.

A negative or zero GMP indicates weak demand and the possibility of a discount listing.

However, one should note that GMP is not regulated by SEBI or stock exchanges and is driven by market sentiment and may not always reflect the actual listing price. It is often used by retail and HNI investors to gauge possible listing gains or losses.

About ArisInfra Solutions IPO

The IPO, comprising solely a fresh issue of equity shares, and has set a price band of Rs 210–222 per share for its Rs 500 crore IPO, which will open for subscription on June 18 and close on June 20.

The shares of the company are expected to be listed on BSE and NSE on June 25. Allotment is likely to be finalized by June 23.

As per the minimum bid details, retail investors are required to apply for at least one lot comprising 67 shares, amounting to an investment of Rs 14,070 at the lower price band or Rs 14,874 at the upper band to be eligible for allotment. For sNII investors, the minimum application is 14 lots (938 shares), requiring an investment of approximately Rs 2,08,236, while the NIIs must bid for a minimum of 68 lots (4,556 shares), amounting to Rs 10,11,432.

As stated in the company’s Draft Red Herring Prospectus (DRHP), the net proceeds from the public issue will primarily be utilized to meet ArisInfra’s working capital requirements as it expands its operations across various regions.

The issue is being managed by JM Financial, IIFL Capital Services, and Nuvama Wealth Management, while MUFG Intime India (Link Intime) has been appointed as the registrar to the offer.

About ArisInfra Solutions

Founded in 2021, ArisInfra Solutions is backed by Siddharth Shah, co-founder of PharmEasy, and is focused on digitally transforming the procurement ecosystem for construction materials. The company operates as a technology-driven B2B procurement platform, serving institutional buyers such as real estate developers, contractors, and infrastructure companies with bulk materials like steel, cement, and aggregates.

ArisInfra integrates warehousing, logistics, quality control, and just-in-time delivery into a unified digital platform. Through its streamlined interface, clients can seamlessly place orders, track shipments, manage documentation, and access technical support — positioning the company at the forefront of innovation in the construction supply chain sector.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)