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Aris Infra plans to raise Rs 600-700 crore via IPO
Economic Times
·
1y ago
Medial
Mumbai-based construction material procurement platform Aris Infra plans to raise INR 600-700 crore through an IPO, with a draft prospectus expected to be filed soon. The company, backed by HNIs and family offices, utilizes AI and machine learning to digitize the supply chain of the construction industry. Aris Infra has already raised INR 160 crore in equity and an equal amount in debt. The IPO will consist only of new shares, as existing shareholders are retaining their stakes. The company has recorded a revenue of INR 700 crore in FY24 and maintained profitability since inception.
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Aris Infra files draft IPO papers, plans to raise Rs 600 crore
Economic Times
·
12m ago
Medial
Indian construction material procurement platform, Aris Infra, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an IPO aiming to raise up to Rs 600 crore ($80 million). The company, which connects property developers and vendors through AI and machine learning, plans to use the funds for repayment of debt, working capital requirements, investment in its subsidiary, and potential acquisitions. Aris Infra counts Tata Group, JSW, UltraTech Cement, and Larsen & Toubro as clients and recorded revenues of Rs 700 crore ($93 million) in FY2024. JM Financial, IIFL Securities, and Nuvama Wealth Management are the book-running lead managers for the IPO.
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Ecom Express, Aris Infra plan IPOs; General Atlantic's Naik stepping down
VCCircle
·
1y ago
Medial
Gurugram-based logistics company Ecom Express is reportedly planning a Rs 3,000-crore ($359 million) initial public offering (IPO) with the help of investment firms Partners Group and Warburg Pincus. Meanwhile, Aris Infra is also considering an IPO to raise funds for its future expansion plans. Additionally, Sandeep Naik, head of India and Asia Pacific at General Atlantic, is stepping down from his position at the investment firm.
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Aris Infra Solutions raises Rs 80 crore in pre-IPO round
Economic Times
·
6m ago
Medial
Aris Infra, a construction material procurement platform, secured Rs 80 crore in a pre-IPO round led by Mukul Agrawal and others, with a post-money valuation of Rs 1,800 crore. The firm, leveraging AI and ML for supply chain efficiency, plans to use IPO proceeds to repay debt, boost working capital, and invest in its subsidiary. Backed by notable investors, ArisInfra serves clients like Tata Group and JSW, amidst industry competition from players like Infra.Market.
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IPO-bound Indiqube Spaces FY25 net loss at Rs 140 Cr, revenue rises 27%
YourStory
·
20d ago
Medial
Indiqube Spaces Ltd, a coworking firm, reported a net loss of Rs 139.61 crore in the last fiscal, down from Rs 341.50 crore the previous year, despite a 27% revenue rise to Rs 1,102.93 crore. The company plans to raise Rs 700 crore via an IPO, with funds allocated for expansion and debt repayment. Operating 115 centers in 15 cities, Indiqube prepares for increasing demand for flexible workspaces in India.
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Investors put Yes Bank on the block; Dr Agarwals Healthcare eyes IPO
VCCircle
·
1y ago
Medial
Major shareholders of Yes Bank are planning to sell up to a 51% stake, with Citigroup's India unit being engaged for the task. The bank aims for a valuation of $8-9 billion, representing a 20-25% premium. In other news, Dr Agarwals Healthcare is considering an initial public offering (IPO) to raise funds for expansion. The eye care hospital chain is looking to raise around Rs 600-700 crore through the IPO.
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Grapevine: PhysicsWallah, Apax Partners, Supertails, 10Club, Deep Rooted in news
VCCircle
·
4m ago
Medial
Edtech unicorn PhysicsWallah plans to raise Rs 4,600 crore through an initial public offering (IPO) via a confidential pre-filing route. The IPO will include a fresh issue of shares and an offer for sale by existing investors.
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MobiKwik refiles IPO papers, cuts issue size from ₹1,900 crore to ₹700 crore
Inshorts
·
1y ago
Medial
Fintech unicorn MobiKwik has refiled draft papers with the SEBI to raise ₹700 crore through the issue of new shares in an IPO. It is also aiming to raise ₹140 crore in pre-IPO placement, which will reduce the fresh issue size, if successful. MobiKwik initially filed papers to raise ₹1,900 crore in 2021, but deferred plans after market conditions worsened.
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MobiKwik DRHP: To raise Rs 700 Cr via IPO; churns profit in H1 FY24
Entrackr
·
1y ago
Medial
Fintech firm MobiKwik has filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 700 crore from its IPO. This is the company's second attempt at going public, after abandoning their previous IPO due to weak market conditions. MobiKwik plans to use the IPO proceeds for their financial service and payment service businesses, as well as investments in data, ML, AI, and technology. The company turned profitable in H1 of FY24, with operating revenue of Rs 381 crore. MobiKwik's largest stakeholders include Bipin Preet Singh and Upasana Taku.
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Urban Company files draft papers to raise Rs 1,900 Cr in IPO; to boost cloud infra
YourStory
·
3m ago
Medial
Urban Company, an on-demand services platform, is targeting a Rs 1,900 crore raise through its IPO, according to its draft red herring prospectus. The IPO includes a fresh issue of Rs 429 crore and an offer-for-sale component worth Rs 1,471 crore from investors like Accel India and Elevation Capital. Proceeds will fund technology and cloud infrastructure development. The company reported Rs 828 crore revenue in FY24, up 30% from FY23, with reduced losses.
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Kedaara-backed Veritas Finance receives SEBI approval for IPO
VCCircle
·
3m ago
Medial
Veritas Finance, backed by Kedaara Capital and Norwest Venture Partners, has received SEBI approval for its IPO, aiming to raise Rs 2,800 crore. The IPO includes a fresh issue of shares worth Rs 600 crore and an offer for sale by existing shareholders of Rs 2,200 crore. Norwest, Kedaara, BII, Lok Capital, and Growth Catalyst plan to sell part of their holdings. Other shareholders such as Multiples PE and IFC are not participating in the IPO.
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