Mumbai-based B2B ecommerce startup ArisInfra is set to launch its Initial Public Offering (IPO) on June 18, with the issue closing on June 20. The company has fixed the price band for the IPO at INR 210 to INR 222 per share, aiming for a post-issue implied market capitalization of INR 1,799 crore (approximately $209 million) at the upper end of the price range.
Founded in 2021 by Ronak Morbia and Bhavik Khara, ArisInfra operates a B2B ecommerce platform focused on procurement of construction materials. The startup caters to real estate and infrastructure developers by supplying key products like ready-mix concrete, steel, cement, and construction chemicals.
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IPO Details
The IPO has been structured with different share allotments for different investor categories:
- Retail investors can bid for a lot of 67 shares
- Non-Institutional Investors (NIIs) have a lot size of 938 shares
- Qualified Institutional Buyers (QIBs) can bid in lots of 4,556 shares
In terms of allocation:
- 75% of the issue has been reserved for QIBs
- 15% is set aside for NIIs
- The remaining 10% will be available to retail investors
Anchor investor bidding is scheduled to take place a day before the public issue opens, on June 17.
ArisInfra’s Business Model
ArisInfra operates in the construction supply chain sector, which remains largely fragmented and traditionally driven. Its platform simplifies procurement by offering digital access to a range of essential construction materials, allowing developers and contractors to reduce sourcing time, improve cost efficiencies, and ensure material quality.
Through its digital-first B2B approach, ArisInfra helps streamline procurement workflows, track orders, and ensure timely delivery. This has made it particularly useful for large-scale infrastructure and real estate developers working on multiple sites and tight deadlines.
Growth and Market Potential
Despite being a relatively young company, ArisInfra has shown rapid growth by addressing a major inefficiency in the construction sector. With India seeing continued expansion in real estate and infrastructure—driven by urbanization, industrialization, and government-backed schemes like Smart Cities Mission and PM Gati Shakti—the demand for a tech-driven construction material supply platform is rising.
The IPO comes at a time when investor interest in construction tech and digital supply chain startups is increasing, especially those aligned with infrastructure development and digital transformation goals.
Strategic Importance
By raising capital through the IPO, ArisInfra is expected to invest in technology upgrades, geographic expansion, and supply chain enhancements. The move is also likely to increase its visibility in a competitive space while providing it with the resources needed to scale operations.
As the IPO date nears, market observers and retail investors are keeping a close eye on ArisInfra’s performance, given its unique position at the intersection of construction, ecommerce, and B2B digital transformation. If the issue receives strong demand, it could set a precedent for more startups from traditional sectors looking to go public.
In short, ArisInfra’s upcoming IPO could mark a turning point for B2B ecommerce in India’s infrastructure supply chain ecosystem.
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