Arisinfra Solutions IPO Receives 2.61 Times Subscription Applications
By Ankur Chandra | Published at: Jun 20, 2025 06:11 PM IST
Mumbai, June 20 – The ₹600 crore initial public offering (IPO) of Arisinfra Solutions Limited closed on a strong note on Thursday, clocking an overall subscription of 2.61 times, buoyed by robust demand across all investor segments.
By 3:39 PM on the final bidding day, the IPO had garnered 3.41 crore bids against the issue size of 1.30 crore shares, as per NSE data.
Final Day Subscription Status (as of June 20, 2025 – 15:39 IST)
| Category | Shares Reserved | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 71,37,086 | 1,01,46,681 | 1.42 |
| Non-Institutional Investors (NIIs) | 35,68,542 | 1,11,65,148 | 3.13 |
| Retail Individual Investors (RIIs) | 23,79,028 | 1,28,35,994 | 5.40 |
| Total | 1,30,84,656 | 3,41,47,823 | 2.61 |
Segment Insights
- Retail investors led the charge with a subscription of 5.4 times, indicating overwhelming interest at the upper end of the price band.
- QIBs stepped in on the final day, with bids surpassing the reserved portion by 1.42x. Foreign Institutional Investors (FIIs) alone bid for over 95.8 lakh shares.
- The NII category was subscribed 3.13 times, with high-net-worth individuals (HNIs) bidding aggressively in both ₹2–10 lakh and ₹10 lakh+ categories:
- ₹10 lakh+ bids: 2.98x
- ₹2–10 lakh bids: 3.43x
Price Band & Demand Curve
- Price Band: ₹210 – ₹222 per share
- Strong interest was observed across the band, with 1.82 crore bids at the cap price of ₹222
- Over 49.13 lakh bids were placed at the cut-off, further reinforcing confidence in the upper end of the valuation
Key Takeaways
- Arisinfra’s tech-led B2B supply model has found favour among all classes of investors.
- Solid oversubscription across RII and NII categories boosts listing sentiment.
- Institutional support, though moderate, is strong enough to anchor a healthy price discovery.
Allotment is expected to be finalized in the coming week, with listing anticipated on NSE and BSE shortly thereafter. The focus now shifts to the listing premium, which will likely reflect the strength of retail and HNI backing.
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