ArisInfra Raises INR 80 Cr Via Pre-IPO Placement

ArisInfra Raises INR 80 Cr Via Pre-IPO Placement

SUMMARY

Besides this, the company also announced that it entered into a share subscription agreement with certain investors regarding the pre-IPO placement

The decision was made following the resolutions of the board and shareholders on January 17, 2025

A pre-IPO placement is a private sale of shares conducted before a company goes public

B2B ecommerce platform ArisInfra Solutions has undertaken a pre-IPO placement to raise INR 80 Cr (INR 800.04 Mn) by issuing 36.03 Lakh equity shares for INR 222 per share. 

The shares are issued at a premium of INR 220 against the face value of INR 2. 

The decision was made following the resolutions of the board and shareholders on January 17, 2025. 

In its notice to investors as accessed by Inc42, the company informed, “A pre-IPO placement was undertaken by ArisInfra, in consultation with the BRLMs, for an amount aggregating to INR 800.04 Mn. Pursuant to the resolutions of the Board and the Shareholders, each dated January 17, 2025, the company approved the pre-IPO placement of 36,03,792 equity shares for cash at a price of INR 222 per equity share aggregating to INR 800.04 Mn.”

The top individuals or entities receiving the highest number of equity shares in the pre-IPO placement are Columbus Fin Vest’s director Vanaja Sundar Iyer, Param Capital Group’s founder Mukul Mahavir Agrawal,  Bagdia Petrochem’s Rishabh Bharatbhai Bagdia with cash considerations worth 16 Cr, 9.9 Cr and 7.2 Cr, respectively. 

Besides this, the company also announced that it entered into a share subscription agreement with certain investors regarding the pre-IPO placement on January 16. 

A pre-IPO placement is a private sale of shares conducted before a company goes public. 

The development comes two months after SEBI green lit its initial public offering (IPO) of INR 579.60 Cr. With this pre-IPO placement, the size of the fresh issue in the IPO will reduce to around INR 500 Cr. 

In November, the company already cut the size of the fresh issue in the IPO to INR 579.60 Cr from INR 600 Cr earlier.

ArisInfra’s IPO will consist solely of a fresh issue of shares, with no offer-for-sale component. The book running lead managers for the IPO are JM Financial, IIFL Capital and Nuvama. 

The proceeds from the IPO will be allocated to repay outstanding borrowings, fund working capital requirements, invest in subsidiary Buildmex-Infra Pvt Ltd, among others. 

Founded in 2021 by Ronak Morbia and Bhavik Khara, ArisInfra uses AI and machine learning to simplify construction material procurement. The startup delivers the products from the manufacturers of raw materials to businesses through its online platform.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become A Startup Insider With Inc42 Plus

Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in india's startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

ArisInfra Raises INR 80 Cr Via Pre-IPO Placement-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

ArisInfra Raises INR 80 Cr Via Pre-IPO Placement-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

ArisInfra Raises INR 80 Cr Via Pre-IPO Placement-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

ArisInfra Raises INR 80 Cr Via Pre-IPO Placement-Inc42 Media
ArisInfra Raises INR 80 Cr Via Pre-IPO Placement-Inc42 Media
You’re in Good company