&w=826&resize=826,465&ssl=1 "ArisInfra Options information papers with Sebi to garner Rs 600 cr through IPO | IPO Information")
JM Monetary, IIFL Securities and Nuvama are the guide operating lead managers to the general public situation.
ArisInfra Options Ltd has filed preliminary papers with capital markets regulator Sebi to boost Rs 600 crore via an preliminary public providing (IPO).
The proposed IPO is totally a contemporary situation of fairness shares with no supply on the market (OFS) part, in accordance with the draft crimson herring prospectus (DRHP).
The Mumbai-based firm plans to mop-up about Rs 120 crore via a pre-IPO placement. If such placement is undertaken, the quantity raised might be deducted from the full IPO measurement.
Proceeds of the problem might be used for funding the working capital necessities of the corporate, funding in subsidiary, Buildmex-Infra, for funding its working capital, buy of partial shareholding from present shareholders of its subsidiary, ArisUnitern Re Options Pvt Ltd, reimbursement of mortgage and for common company functions.
Arisinfra Options is a B2B technology-enabled firm, specializing in simplifying and digitizing the procurement course of for building supplies.
Between April 1, 2021 and March 31, 2024, the corporate has delivered 10.35 million metric tonnes of building supplies, together with aggregates, ready-mix concrete, metal, cement, building chemical substances and walling options, using 1,458 distributors and serving 2,133 clients throughout 963 pin codes in numerous cities.
JM Monetary, IIFL Securities and Nuvama are the guide operating lead managers to the general public situation.
(Solely the headline and movie of this report might have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Aug 13 2024 | 11:30 PM IST
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