ArisInfra Solutions shares nosedive 17% from IPO price after listing at discount
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After making a discounted D-Street debut, shares of ArisInfra Solutions tanked further, plunging as much as 16.8% on the BSE from the IPO’s upper price band of Rs 222 to touch an intraday low of Rs 184.65. Shares of the company got listed at a discount of 5.8% on the BSE at Rs 209.10. Ahead of its listing, the company's grey market premium (GMP) in the unlisted space remained at 0%, suggesting a likely flat debut on the bourses. The IPO comprised a pure fresh equity issue of 2.25 crore shares, amounting to Rs 499.60 crore, with no offer-for-sale (OFS) component. The company raised Rs 224.82 crore from anchor investors ahead of the IPO launch, witnessing strong interest from institutional players. Retail investor response was moderate, with the retail portion subscribed 5.90 times. Qualified Institutional Buyers (QIBs) subscribed 1.5 times, while Non-Institutional Investors (NIIs) bid 3.32 times, resulting in an overall subscription of...