Earnings opportunity! Arisinfra Solutions open for IPO bid from today, know when the listing will be done
There is a chance of earning again for investors waiting for the IPO. The IPO of Erisinfra Solutions Limited is opening for subscription (public membership) from Wednesday i.e. from June 18. Earlier, the company has raised Rs 225 crore from anchor investors on Tuesday. According to PTI news, anchor investors included Estorne Capital VCC, Investment Hedgogs Fund, Citigroup Global Markets Mauritius, Rajasthan Global Securities, Sunrise Investments, Nexus Global Opties Fund, Zil Global Opties Fund, Ston Capital Fund, Ston Capital Fund, Ston Capital Fund, Bikan Stone Capital and other Have been done. Bids (subscription) can be installed in the IPO by June 20.
How much is the price band?
According to the news, according to a circular uploaded on the BSE website, Arisinfra Solutions allotted 1,01,26,946 shares to 15 funds on Rs 222 per equity share, which is the upper end of the IPO price band. The price band for IPO of about Rs 500 crore has been fixed at Rs 210 to Rs 222 per share. This IPO is a new issue of equity shares worth Rs 499.6 crore completely, with no offer (OFS) component for sale. At the upper end of the price band, the company costs around Rs 1,800 crore.
What will the company do for the raised amount?
Erisinfra Solutions Limited will use the amount raised from this IPO to meet the working capital requirements of the company, invest in buildmex-infra, to raise funds for its working capital, raising funds for its working capital, Erisuniturn Re Solutions Private Limited will buy and buy and shareholding of general corresponding from the current shareholders of Arisuniturns Re Solutions Private Limited. JM is the lead manager of Financial, IIFL Securities and Nuwama Public Issue. Equity shares are expected to be listed in stock exchanges on 25 June.
Know the company at a glance
Erisinfra Solutions Limited is a B2B tech-leading company that focuses on making the purchase process of construction materials simple and digital. Between April 1, 2021 to 31 March, 2024, the company includes 10.35 million metric tonnes of construction materials, including agarigates, ready-mix concrete, steel, cement, construction chemicals and wall solutions, using 1,458 vendors and providing service to 2,133 customers on 963 pin codes using 1,458 vendors.
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