Recommendation: Neutral
Arisinfra Solutions Limited is a fast-growing infrastructure solutions company headquartered in Mumbai, with a strong presence across key segments of the construction value chain. Established in 2021, the company operates through multiple subsidiaries engaged in trading and distribution of construction materials, EPC services, and real estate development. Arisinfra leverages technology, supply-chain integration, and customer-centric execution to provide end-to-end solutions to developers, contractors, and infrastructure players. It has rapidly evolved into a professionally managed, multi-vertical organization backed by experienced promoters.
India’s construction sector is witnessing strong growth, opening up a massive opportunity for players like Arisinfra. The construction raw materials market, valued at USD 235–275 billion, is projected to reach USD 310–360 billion by 2029. Infrastructure and real estate B2B segments are also expected to grow significantly during this period. Despite this expansion, the market remains highly fragmented and inefficient, leaving a USD 35–45 billion profit pool ripe for disruption. Government initiatives like the ₹11 lakh crore capex in FY25 and schemes like PM GatiShakti further strengthen long-term visibility. With digital penetration still under 3%, Arisinfra is well-positioned to capture value by modernizing supply chains and procurement practices.
It is uniquely positioned to disrupt India’s fragmented construction materials sector by leveraging technology to streamline supply chains, reduce inefficiencies, and bring transparency to procurement. The company’s digital-first approach, integrated platforms, and scalable operations enable it to serve a rapidly growing addressable market with agility. Its expanding customer and supplier network creates strong network effects, reinforcing competitive advantages and driving long-term value. Backed by a visionary promoter group and a seasoned leadership team with deep industry expertise, it is well-equipped to seize the massive infrastructure and real estate opportunity unfolding in India.
Company is focused on driving profitable and scalable growth through a multi-pronged strategy. By optimizing the product mix across construction materials, the company aims to improve margin profiles while addressing diverse customer needs. Strategic partnerships on both the supply and demand side are central to this effort—broadening the portfolio of third-party materials and deepening market reach. Enhancing working capital efficiency remains a key focus to sustain momentum without compromising financial discipline. Simultaneously, the company continues to invest in technology to streamline operations, deliver a superior user experience, and unlock new efficiencies across its value chain.
The company’s revenue have grown at a CAGR of 24% respectively over the last 2 years from ₹452.34 crore in FY22 to ₹696.84 crore in FY24, on the back of strong demand. In the same period, EBITDA has increased 5.3 times from ₹7.2 crore in FY22 to ₹38.7 crore in FY25 on the back of expansion in margin. Based upon this healthy growth and improved efficiency company has turned profitable in Q3FY24.
Company operates in a highly fragmented and price-sensitive construction materials market, where demand cycles are closely tied to macroeconomic and infrastructure spending trends. Intense competition from unorganized players could pressure margins and growth. The company’s rapid scale-up also depends on maintaining supply chain efficiency and managing working capital prudently. Any delays in technology adoption or strategic execution may impact its ability to deliver consistent performance.
| Details | Information |
|---|---|
| Issue Open | June 18, 2025 |
| Issue Close | June 20, 2025 |
| Issue Price | ₹210 – ₹222 per share |
| Market Cap. | ₹1,703 Cr – ₹1,800 Cr |
| Total Issue Size | ₹499.60 Cr |
| Fresh Issue | ₹499.60 Cr |
| Offer for Sale | Nil |
| Face Value | ₹2 per share |
| Market Lot | 67 Equity Shares |
| Issue Type | Book Built Issue |
| Category | Allocation (%) |
|---|---|
| QIB | 75% |
| Retail | 10% |
| Non-Institutional | 15% |
JM Financial Limited
IIFL Capital Services Ltd
Nuvama Wealth Management Limited
MUFG Intime India Private Limited
Rajan Gupta
📧 rajan.gupta1@religare.com
Ajit Mishra – ajit.mishra@religare.com
Abhijeet Banerjee – abhijeet.banerjee@religare.com
Gaurav Sharma – gauravsharma2@religare.com
Ashwani Harit – ashwani.harit@religare.com
Divya Parmar – divya.parmar@religare.com
Vinay Kalani – vinay.kalani1@religare.com
Rajan Gupta – rajan.gupta1@religare.com
Download IPO Note in PDF Format : 
In finance, few events capture the attention of the media, investors, and the general public quite like an Initial Public Offering (IPO). Often seen as a rite of passage for companies, IPOs signal the transition from a private entity to one publicly traded on the stock market. But what exactly is an IPO? Why do
Religare Broking
February 8, 2024
Demystifying Mainboard IPO for Investors in Indian Stock Market Are you a retail investor in India? If yes, it is essential to understand what is a Mainboard IPO ( Initial Public Offering) is and how it works. Most retail investors prefer Mainboard IPOs, instead of SME IPOs. SME IPOs are usually preferred by investors with a
Religare Broking
February 8, 2024
SME IPOs – Small & Medium Enterprises Initial Public Offerings SMEs (Small and Medium-sized Enterprises) are the backbone of the Indian economy. SMEs in India are allowed to launch IPOs ( Initial Public Offerings ) and raise funds from investors. However, the rules for mainboard and SME IPOs are different in India. Some rules are
Religare Broking
February 8, 2024
Experience India's seamless trading app with advanced features, intuitive design, and lightning-fast execution.
All Assets, One App
Live Research, Zero Delay
Biometric Login for Safe Trading
Pre-built Options Strategies
Based on 27.4K reviews
1M+
Downloads
