Suspense crime, Digital Desk : The primary market is buzzing with a new opportunity for investors as Aris Infra Solutions, an integrated infrastructure company, has launched its Initial Public Offering (IPO). This is an SME IPO, aiming to raise ₹12.11 crore through a fresh issue of shares. The subscription period opened on June 18 and will close on June 20, 2024.

Here are the key details investors need to know about the Aris Infra Solutions IPO:

IPO Price: The company has set a fixed price of ₹51 per share.

Lot Size: Investors can bid for a minimum lot of 2000 shares.

Minimum Investment: The minimum investment required for retail investors is ₹1,02,000 (2000 shares x ₹51).

Issue Size: The total issue size is ₹12.11 crore, consisting entirely of a fresh issue of 2,374,000 equity shares.

Listing: The shares are proposed to be listed on the NSE Emerge platform.

Grey Market Premium (GMP) and Listing Expectations

A key indicator of market sentiment, the Grey Market Premium (GMP) for Aris Infra Solutions is currently reported to be around ₹10 per share. This indicates that the shares are trading at a premium in the unofficial market.

If this trend holds, it suggests a potential listing price of approximately ₹61 per share (₹51 issue price + ₹10 GMP), representing a promising listing gain of nearly 20%. However, investors should note that GMP is not an official indicator and can change rapidly.

The company plans to use the funds raised from the IPO primarily for its working capital requirements and general corporate purposes. The allotment of shares is expected to be finalized on June 21, with the listing scheduled for June 25, 2024.

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