The initial public offering of Arisinfra Solutions Ltd. was subscribed 32% or 0.32 times on the second day of bidding. On the first day, it garnered a sluggish reception and was subscribed 24% or 0.24 times. The portion for retail investors was fully subscribed.According to InvestorGain, the latest GMP for Arisinfra Solutions IPO stood at Rs 25 on June 19 as of 8:59 a.m. The GMP indicates an estimated listing price of Rs 247 per share, 11.26% higher compared to the upper band of the issue price of Rs 222 apiece.The IPO consists solely of a fresh issue worth Rs 499.6 crore, with no offer-for-sale component, as detailed in the red herring prospectus. Investors can place bids starting from a minimum of 67 shares, with additional bids in multiples of this amount.The Securities and Exchange Board of India approved the IPO last November. Initially, the company aimed to raise Rs 600 crore, as stated in its draft offer document, but later adjusted the amount to Rs 520 crore following a pre-IPO placement that raised Rs 80 crore.JM Financial Ltd., IIFL Securities Ltd., and Nuvama Wealth Management Ltd. are serving as the book-running lead managers for this public offering.Arisinfra Solutions IPO DetailsIssue opens: June 18.Issue closes: June 20.Issue price: Rs 210-Rs 222.Fresh issue: Rs 499.60 crore.Lot size: Minimum 67 shares, and then in multiples thereof.Market value at upper end of price band: Rs 1,182 crore.Kalpataru's Rs 1,590-Crore IPO To Open On June 24 BusinessArisinfra Solutions is a Mumbai-based business-to-business company leveraging technology to streamline and digitise the procurement of construction materials. The company leverages a network of vendors to source construction materials and provide them to real estate and infrastructure developers and contractors.For financial year 2024, the company reported revenue from operations of Rs 696.84 crore.Arisinfra Solutions IPO Day 2 Subscription StatusThe IPO has been subscribed 0.32 times or 32% as of 10:12 a.m. on Thursday.Qualified Institutions: 0 times.Non-Institutional Buyers: 0.28 times or 28%.Retail Investors: 1.31 times.Arisinfra Solutions IPO GMP TodayAccording to InvestorGain, the latest GMP for Arisinfra Solutions IPO stood at Rs 25 on June 19 as of 8:59 a.m. The GMP indicates an estimated listing price of Rs 247 per share, 11.26% higher compared to the upper band of the issue price of Rs 222 apiece.Arisinfra Solutions IPO: Price Band, Financials, Key Dates, GMP — All You Need To Know. Read more on IPOs by NDTV Profit.