🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Aris Infra files draft IPO papers, plans to raise Rs 600 crore

Economic Times

Economic Times · 10m ago

Aris Infra files draft IPO papers, plans to raise Rs 600 crore

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.

Related News

Aris Infra plans to raise Rs 600-700 crore via IPO

Economic Times

Economic Times · 1y ago

Aris Infra plans to raise Rs 600-700 crore via IPO

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.

ESDS Software Solution files draft papers with Sebi for Rs 600 crore IPO

Economic Times

Economic Times · 3m ago

ESDS Software Solution files draft papers with Sebi for Rs 600 crore IPO

ESDS Software Solution, a cloud infrastructure and data centre services provider, has filed draft papers for a Rs 600 crore initial public offering (IPO) with SEBI. This IPO involves only a fresh issue with no offer-for-sale component. The company plans to utilize Rs 480.7 crore of the proceeds for purchasing and installing cloud computing equipment and other infrastructure. The offering includes cloud and managed services, enabling cost-effective, secure, and scalable cloud adoption strategies for its clients.

Travel portal ixigo's parent files IPO papers with SEBI

Inshorts · 1y ago

Travel portal ixigo's parent files IPO papers with SEBI

Travel portal ixigo's parent Le Travenues Technology has filed draft papers with SEBI to raise funds via an initial public offering. The IPO will consist of a fresh issue of shares worth ₹120 crore and an offer-for-sale (OFS) of 6.66 crore shares. The company previously filed IPO papers in 2021 to raise ₹1,600 crore but didn't proceed with the plan.

Ecom Express, Aris Infra plan IPOs; General Atlantic's Naik stepping down

VCCircle

VCCircle · 1y ago

Ecom Express, Aris Infra plan IPOs; General Atlantic's Naik stepping down

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.

Pace Digitek files draft papers with Sebi for Rs 900 crore IPO

Business Today

Business Today · 3m ago

Pace Digitek files draft papers with Sebi for Rs 900 crore IPO

Pace Digitek, a telecom passive infrastructure solutions provider, plans a Rs 900 crore IPO, filing draft papers with Sebi. The IPO will involve a fresh issuance of shares, with proceeds earmarked for capital expenses and corporate purposes. Between 2023 and 2024, the company's revenue surged by 383.81% to Rs 2,434.48 crore, while PAT increased by 1,290.38% to Rs 229.87 crore. Founded in 2007, the company is based in Bengaluru.

Urban Company files draft papers to raise Rs 1,900 Cr in IPO; to boost cloud infra

YourStory

YourStory · 2m ago

Urban Company files draft papers to raise Rs 1,900 Cr in IPO; to boost cloud infra

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.

MobiKwik refiles IPO papers, cuts issue size from ₹1,900 crore to ₹700 crore

Inshorts · 1y ago

MobiKwik refiles IPO papers, cuts issue size from ₹1,900 crore to ₹700 crore

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.

SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million

Economic Times

Economic Times · 1y ago

SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million

Omnichannel retailer FirstCry is set to file its draft IPO papers in the coming days, aiming to raise $500-600 million at a valuation of $4-5 billion. The company specializes in selling products for kids and mothers online and offline. Three Indian family investment offices recently invested around Rs 435 crore in FirstCry. SoftBank, the largest investor, is looking to dilute its stake to under 26% to comply with FDI laws. Ola Electric, another SoftBank portfolio company, is also expected to file its IPO papers soon.

Ullu Digital Files Draft Papers For INR 135-150 Cr IPO

Inc42 · 1y ago

Ullu Digital Files Draft Papers For INR 135-150 Cr IPO

OTT streaming platform Ullu Digital has filed draft papers for an IPO with the BSE SME to raise INR 135-150 crore. The IPO comprises a fresh issue of 62.63 lakh shares, with no offer for sale component. Ullu Digital plans to utilize the proceeds for content production, acquisition of international shows, tech investments, and working capital requirements. The company's operating revenue doubled to INR 93.1 crore in FY23, while its profits increased to INR 15.1 crore.

Aris Infra Solutions raises Rs 80 crore in pre-IPO round

Economic Times

Economic Times · 5m ago

Aris Infra Solutions raises Rs 80 crore in pre-IPO round

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.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

'We are busy building Bhujia comp ...

JioBlackRock Broking receives SEB ...

Railways launches RailOne Super A ...

Download the medial app to read full posts, comements and news.