Arisinfra Solutions Limited is a B2B technology-driven platform that digitizes the procurement of construction materials like aggregates, ready-mix concrete (RMC), cement, steel, chemicals, and walling solutions. It uses integrated tools and popular messaging platforms to manage quotations and bid processes efficiently. Since its inception, it has delivered 14.10 million metric tonnes of material to 2,659 customers via 1,729 vendors across 1,075 pin codes, especially in metro cities such as Mumbai, Bengaluru, and Chennai.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Digitally streamlines procurement and logistics with real-time bid management via integrated tools and messaging apps.
• Collaborates with 1,729 vendors for flexible sourcing and pricing.
• Huge operation and deliveries across multiple cities.
• Offers a broad range of materials, including aggregates, RMC, steel, cement, and chemicals.
• Focuses on high-margin, third-party manufactured products to boost profitability.
• Maintains a strong base of repeat customers through reliable, tech-enabled service.

• Repayment/prepayment of certain outstanding borrowings around INR 204.6 crores.
• Funding working capital requirements of the company worth INR 177 crores.
• Investment in subsidiary Buildmex-Infra Private Limited for its working capital needs of around INR 48 crores.
• General corporate purposes and unidentified inorganic acquisitions worth INR 60 crores.

The Company operates in a niche segment, offering B2B digital procurement solutions for building materials. While it has built scale in vendor and geographic reach, its revenue has been volatile from FY22 to FY24, and losses have widened during the same period. Owing to the inconsistent financial performance, we maintain a ‘Neutral’ stance on subscribing to the IPO.