Arisinfra Solutions Limited IPO: The IPO of Erisinfra Solutions Limited will open for subscription on Wednesday, June 18. This IPO will be closed on Friday, June 20. Erichfra Solutions is a business to business technology-capable company that focuses on making the purchase process of manufacturing materials easier and digital. Arisinfra Solutions has fixed a price band of Rs 210-222 for each share of Rs 2 face value under its IPO. Let us tell you that the company will raise Rs 499.60 crore from this IPO.
How many rupees will be invested for IPO
In the IPO of Erisinfra Solutions, investors will be allotted 67 shares in a lot, for which they will have to invest at least Rs 14,070. Retail investors can bid for a maximum of 13 lots (871 shares) in this IPO, for which you will have to invest Rs 1,93,362. The company will issue all 2,25,04,324 fresh shares under its IPO, it does not include any part of OFS. This is a mainboard IPO, which will be listed on both major exchanges BSE and NSE.
When will the company be listed in the stock market
Erisinfra Solutions Limited has reserved 75 % of its IPO for investors of QIB category, 15 percent for NII (HNI) category investors and 10 percent for retail category investors. JM Financial, IIFL Securities and Nuwama are the managers of this IPO. After the closure of the IPO on 20 June, the shares can be allotted on Monday, June 23. Just the next day i.e. on 24 June, share will be credited to the demat account of investors and finally on June 25, the company may list in the stock market.
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