Arisinfra Solutions Limited: Monitoring Agency Report for the Quarter ended March 31, 2026

ICRA Limited, the monitoring agency, has submitted its Q4 FY2026 report confirming that Arisinfra Solutions Limited has utilized IPO proceeds of INR 496.38 crore (99.4%) out of INR 499.60 crore raised through the IPO (June 2025). No material deviation was found in the utilization of proceeds as per the disclosed objects. The company has also utilized INR 78.11 crore of its INR 80.00 crore Pre-IPO proceeds. A key highlight is that issue-related expenses came in lower than estimated by INR 14.67 crore, leading to an upward revision in the General Corporate Purpose allocation from INR 31.84 crore to INR 46.51 crore. However, this revision remains within the regulatory limit of 25% of gross proceeds. All utilization objectives including debt repayment (INR 203.19 crore), working capital funding (INR 176.97 crore), and subsidiary investment in Buildmex-Infra (INR 48.00 crore) are on schedule. The unutilized amounts totaling INR 3.21 crore (IPO) and INR 1.91 crore (Pre-IPO) are parked in term deposits with IDBI Bank and Axis Bank.