Mumbai-based Aris Infra Plans INR 600-700 Crore IPO

Mumbai-based Aris Infra, a tech-driven construction material procurement platform, aims to raise ₹600-700 crore through an IPO. Backed by prominent investors, the company plans to file a draft prospectus next month.

IPO Details

Aris Infra, a Mumbai-based technology-driven construction material procurement platform, is gearing up for an initial public offering (IPO) aimed at raising between ₹600 and ₹700 crore. The company plans to file a draft prospectus with the market regulator next month.

Backing and Stakeholders

Aris Infra is supported by high-net-worth individuals (HNIs) and prominent family offices.

Notable backers include:

Siddharth Shah, CEO of PharmEasy

San Francisco-based Think Investments

Partners from private equity firms such as TPG Capital, Temasek, and BlackRock

Shareholding and New Issuance

Senior company executives have indicated that the IPO will solely involve the issuance of new shares. Current shareholders, including promoters and families who hold a 65-70% stake in Aris Infra, have decided to retain their existing stakes.

Strategic Move

This strategic move is set to bolster Aris Infra's financial foundation and expand its technological capabilities in the construction material procurement sector. By issuing new shares, the company aims to attract further investments and continue its growth trajectory.

Market Impact

The IPO is expected to attract significant attention from investors, given the backing of prominent figures and firms in the investment community. This development signals strong confidence in Aris Infra's business model and future potential.