B2B ecommerce startup ArisInfra has officially filed its Red Herring Prospectus (RHP) nearly seven months after receiving the go-ahead from the Securities and Exchange Board of India (SEBI). The company plans to raise approximately INR 500 crore through its initial public offering (IPO), marking a significant milestone in its journey toward becoming a publicly listed entity.
The IPO will comprise only a fresh issue of equity shares, valued at INR 499.6 crore. This means there will be no offer-for-sale (OFS) component, ensuring that all proceeds from the IPO will go directly to the company for business expansion, working capital, and general corporate purposes.
IPO Timeline and Background
ArisInfra, which operates in the B2B infrastructure and construction supply chain segment, initially filed its Draft Red Herring Prospectus (DRHP) with SEBI in August 2024, seeking to raise INR 600 crore. However, just prior to receiving SEBI’s nod, the company revised the issue size to INR 579.6 crore. The final RHP now pegs the offering at INR 499.6 crore, reflecting a more conservative fundraising approach amid fluctuating market conditions.
The IPO will open for public subscription on June 17 and close on June 20, 2025. After the bidding process, ArisInfra’s shares are expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), giving investors an opportunity to participate in India’s growing B2B commerce landscape.
Pre-IPO Placement and Strategic Investors
Earlier this year, ArisInfra conducted a pre-IPO placement round, raising INR 80 crore by issuing over 36 lakh equity shares at INR 222 per share. Prominent investors such as Columbus Fin Vest’s Director Vanaja Sundar Iyer and Param Capital Group’s Founder Mukul Mahavir Agrawal participated in this funding round. Their involvement reflects strong market confidence in ArisInfra’s business model and growth trajectory.
Notably, the company is also backed by PharmEasy, a well-known healthtech unicorn, which adds credibility and ecosystem synergy to ArisInfra’s business.
Market Opportunity and Growth Potential
Operating in the infrastructure-focused B2B ecommerce segment, ArisInfra serves the critical need for digitizing procurement and logistics in construction and industrial supply chains. As India’s infrastructure sector continues to expand under government-backed initiatives like PM Gati Shakti and Smart Cities Mission, platforms like ArisInfra are well-positioned to capitalize on increased demand and supply chain modernization.
The IPO proceeds are expected to help the company scale operations, invest in technology, and expand its geographical footprint. With an emphasis on streamlining the supply chain for materials such as cement, steel, and industrial tools, ArisInfra aims to become a leading digital enabler for the infrastructure industry.
Final Thoughts
ArisInfra’s INR 500 crore IPO marks a pivotal moment in India’s B2B ecommerce evolution. With strong institutional backing, a streamlined fresh issue structure, and a clear focus on infrastructure enablement, the upcoming listing is poised to attract significant investor attention. As the IPO opens on June 17, the market will be closely watching how ArisInfra performs amid a cautiously optimistic funding environment.
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