Nearly seven months after receiving the SEBI’s greenlight, B2B ecommerce company ArisInfra has filed its red herring prospectus (RHP) to raise about INR 500 Cr from its initial public offering.

The company’s IPO will consist solely of a fresh issue component via which it will be raising INR 499.6 Cr. The PharmEasy-backed company had filed its draft red herring prospectus (DRHP) in August 2024 Subsequently, the company reduced its issue size from INR 600 Cr to INR 579.6 Cr just prior to receiving .

The company also raised earlier this year when it issued over 36 Lakh equity shares for INR 222 apiece to investors, including Columbus Fin Vest’s director Vanaja Sundar Iyer and Param Capital Group’s founder Mukul Mahavir Agrawal, among others.

The company’s IPO will open for subscription on June 17 and close on June 20. Post this, the company’s shares will debut on the BSE and the NSE.

The company intends to use the INR 500 Cr raised from the IPO in the following manner:

— INR 204.6 Cr to repay outstanding borrowings.

— INR 177 Cr to fund the working capital requirements of the company.

— INR 478 Cr for investment in its subsidiary Buildmex-Infra Pvt ltd to fund its working capital needs.

— About INR 70 Cr has been reserved for general corporate purposes and unidentified inorganic acquisition. From this, the company plans to use not more than INR 60 Cr for acquisitions.

(The story will be updated shortly.)

The post appeared first on .