Arisinfra Solutions IPO Sees 1.28x Subscription on Day 2; Retail Portion Nearly 3x Subscribed
By HDFC SKY | Updated at: Jun 19, 2025 09:15 PM IST
Mumbai, June 19 – The ₹600 crore IPO of Arisinfra Solutions Limited gained strong momentum on Day 2 of bidding, receiving 1.68 crore bids against 1.30 crore shares on offer, marking an overall subscription of 1.28 times.
Retail and Non-Institutional Investors (NIIs) led the surge, while Qualified Institutional Buyers (QIBs) showed improving participation.
Category-Wise Bidding Status (as of June 19, 2025 – 4:45 PM)
| Category | Shares Reserved | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 71,37,086 | 52,26,067 | 0.73 |
| Non-Institutional Investors (NIIs) | 35,68,542 | 46,42,430 | 1.30 |
| Retail Individual Investors (RIIs) | 23,79,028 | 69,33,361 | 2.91 |
| Total | 1,30,84,656 | 1,68,01,858 | 1.28 |
Segment Highlights
- Retail Investors continued their dominant show with nearly 3x subscription. Over 59 lakh bids came at the cut-off price, signalling strong conviction in the upper price band.
- Non-Institutional Investors (NIIs) saw healthy interest, subscribing at 1.30x. Within this:
- Bids above ₹10 lakh fetched 1.19x
- Bids between ₹2–10 lakh saw even stronger interest at 1.52x
- QIBs picked up participation on Day 2 with 52.26 lakh bids, covering 73% of their quota. Notably, FIIs alone accounted for 51.05 lakh shares.
Price Band Activity
Bids were concentrated across the band, with visible demand starting at ₹210 and extending to ₹222. Notably:
- Bids at cut-off price: 27.51 lakh
- Bids at ₹222: 88.68 lakh
- Total bids received: 88.94 lakh (excluding revisions)
Outlook Ahead
With the final day of bidding set for June 20, all eyes are now on institutional buyers, particularly mutual funds and banks, whose allocations are crucial for pricing and post-listing sentiment.
Arisinfra’s IPO appears well on track for full subscription, with retail demand already overshooting and NII response firming up. If QIB demand strengthens on the last day, the issue could be significantly oversubscribed.
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