Astauron Capital VCC, Niveha Hedgehogs Fund, City Group Global Markets Mauritius, Rajasthan Global Securities, Sunrise Investment, Nexus Global Opportunities Fund, Zel Global Opportunities Fund, St. Capital Fund, Bikon Stone Capital Round.
According to the circular uploaded on the BSE website, Arisinfra Solutions allocated 1,01,26,946 shares in 15 funds at Rs 222 per equity share, the upper end of the IPO price band.
About 500 crore IPOs will open for a subscription on June 18 and expire on June 20. The price band has been fixed at Rs 210 to Rs 222 per share for public issues.
IPO is fully Rs. There is a new issue of equity shares worth Rs 499.6 crore, with no offer for the sales (OFS) component.
At the top of the price band, the company is worth about 1,800 crore.
The income of this issue will be used to fund the company’s working capital requirements, investment in subsidiary, Buildmax-Infra, its working capital, existing shareholders of its subsidiary, partial shareholding of Arisuniter Ray Solutions Pvt.
Previously, the company attracted pre-IPO placement from Mukul Agarwal, the Supreme Capital Founder, along with the Sundar Ayer, the founder of the Asset Management Firm Singality Ventures and the Suriyode Trust and the founder of the Rays Life for Life Foundation.
Aerisinfra Solutions is a B2B technol -Ge -enabled company, which focuses on facilitating and digitizing the procurement process for construction materials.
Between April 1, 2021 and 31 March, 2024, the company has included 10.35 million metric tonnes of construction material, which includes overall, radi-mix concrete, steel, cement, construction chemicals and Ving gender solutions, with 1,458 vendors used in 963 pin codes.
JM Financial, IIFL Securities and Nuwama are a book that runs lead managers on public issues. Equity shares are expected to be listed on the Stock Exchange on June 25. PTI
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