Arisinfra Solutions’ Rs 500 crore IPO allotment is expected to be finalised today, after a subscription of 2.80 times. Retail investors showed strong interest, subscribing 5.90 times their portion. The company intends to use the IPO proceeds for debt repayment, working capital, and investment in its subsidiary. Shares are expected to be credited by June 24.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets