Arisinfra Solutions IPO
Arisinfra Solutions Limited (ARISINFRA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 25 June 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.2% (likely range -5% to +9%), day's high +3.2%, chance of a gain 33%. Actual: -7.7% at the open, -6.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 71,37,086 | 1,01,51,237 | 1.42x | |
| NII (HNI) total | 35,68,542 | 1,12,22,701 | 3.14x | |
| Big NII (above ₹10 lakh) | 23,79,028 | 71,00,191 | 2.98x | |
| Small NII (₹2-10 lakh) | 11,89,514 | 41,22,510 | 3.47x | |
| Retail | 23,79,028 | 1,32,98,897 | 5.59x | |
| Total | 1,30,84,656 | 3,46,72,835 | 2.65x |
Bids on NSE and BSE together, as published by NSE, as of 20 Jun 2025, 07:00 PM. Shares offered exclude the anchor portion. 33% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Arisinfra Solutions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Tamilnad Mercantile BankSep 2022 | 1.62x | 2.94x | 6.48x | 2.86x | ₹808 Cr | -2.9% | +1.0% |
| TVS Supply Chain SolutionsAug 2023 | 1.35x | 2.35x | 7.61x | 2.78x | ₹895 Cr | +5.1% | +5.9% |
| Bharat Road NetworkSep 2017 | 1.33x | 1.63x | 5.69x | 1.81x | ₹1,276 Cr | 0.0% | +6.8% |
| Veranda Learning SolutionsMar 2022 | 2.02x | 3.87x | 10.8x | 3.53x | ₹325 Cr | -8.8% | -4.2% |
| Suryoday Small Finance BankMar 2021 | 2.18x | 1.31x | 3.09x | 2.37x | ₹582 Cr | -4.3% | -2.8% |
| Tracxn TechnologiesOct 2022 | 1.66x | 0.80x | 4.87x | 2.01x | ₹309 Cr | +5.6% | +25.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| Nuvama Wealth Management | 35 | +11.9% | 66% |
Offer documents (NSE)
Frequently asked
What is the Arisinfra Solutions IPO price band and lot size? ₹210–222 per share, with a lot of 67 shares, so the smallest retail bid is ₹14,874.
How many times has it been subscribed? 2.65x overall: QIB 1.42x, NII 3.14x, retail 5.59x.
How did it list? It opened at ₹205, -7.7% against the issue price of ₹222, and closed its first day -21.4%.
