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Erisinfra Solutions Limited’s Initial Public Offer i.e. IPO will open on March 20. Investors will be able to do bidding by 25 March for this issue. On March 28, the company shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Through this issue, the company wants to raise the total ₹ 600 crore. The company will release 2,85,71,428 fresh shares in the issue. In this issue, the current investor or promoter of the company will not sell a single stock through offer for sale.
If you are also planning to invest money in this IPO, then we are telling you how much you can invest in it…
How much money can you spend minimum and maximum?
Erisinfra Solutions has fixed the price band of the IPO ₹ 200- ₹ 210. Retail investors can do bidding for minimum for 70 shares. If you apply for 1 lot for 1 lot at the rate of ₹ 210, the upper prize band of the IPO, then ₹ 14,700 will have to be invested for this.
At the same time, retail investors can apply for maximum 13 lots i.e. 910 shares. For this, investors will have to invest ₹ 1,91,100 according to the upper prize band.
10% of the issue reserved for retail investors
The company has reserved 75% of the IPO for qualified institutional buyers (QIB). Apart from this, 10% share is reserved for non-institutional investors (NII).
Arisinfra Solutions was established in 2021
Erisinfra Solutions Limited was established in 2021, a B2B company. This company helps companies connected with construction and infrastructure company to buy materials and finance management.
The company’s customers include Capsit Infrastructures Limited, J Kumar Infrastructure Limited, Facons Infrastructure Limited, EMS Limited, SP Singla Construction Private Limited etc.
What is IPO?
When a company releases its shares for the common people for the first time, it is called an initial public offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.
