Fintech
Travel Tech
Electric Vehicle
Health Tech
Edtech
IT
Logistics
Retail
Ecommerce
Startup Ecosystem
Enterprise Tech
Clean Tech
Consumer Internet
Agritech
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.
