Arisinfra Solutions IPO subscribed 2.65 times
NEW DELHI: The initial share sale of Arisinfra Solutions subscribed 2.65 times on the closing day of bidding on Friday. The nearly Rs 500-crore initial public offer (IPO) received bids for 3,46,63,388 shares against 1,30,84,656 shares on offer, as per NSE data. The portion for retail individual investors (RIIs) attracted 5.59 times subscriptions while the category for non-institutional investors subscribed 3.14 times. The quota for qualified institutional buyers (QIBs) received 1.42 times the subscription. ArisInfra Solutions Ltd on Tuesday said it has garnered Rs 225 crore from anchor investors. The price band for the offer has been fixed at Rs…