Post by : Jyoti Gupta

Photo:linkedin

ArisInfra Solutions, a company that helps other businesses buy building materials online, is starting its IPO (Initial Public Offering) on June 18. This means people can buy shares of the company for the first time. The IPO will be open for three days, from June 18 to June 20. Each share will cost between ₹210 and ₹222, and you need to buy at least 67 shares at a time.

ArisInfra sells things like steel pipes, wires, cement, and other materials needed for construction. The company has already delivered over 10 million tonnes of materials to customers in cities like Mumbai, Bengaluru, and Chennai.

The company is planning to raise about ₹499 crore by selling new shares. The money will be used to pay back loans, help run the business, invest in another company it owns, and for other business needs.

Before the IPO opens, ArisInfra’s shares are being sold in the grey market (an unofficial market) for about ₹25 to ₹30 more than the highest IPO price. This means some people are willing to pay extra for these shares before they are officially listed.