ArisInfra Solutions Ltd has received Sebi's go ahead to raise Rs 600 crore through an initial public offering (IPO), an update with the markets regulator showed on Monday. The proposed IPO is entirely a fresh issue of equity shares and with no offer-for-sale (OFS) component, according to the draft red herring prospectus. The company, which filed preliminary IPO papers with Sebi in August, obtained its observation on November 13, the update showed. In Sebi's parlance, obtaining observations means its go ahead to float the public issue. As per the draft papers, the Mumbai-based company plans to utilise proceeds of the issue for funding the working-capital requirements of the company, investment in subsidiary, Buildmex-Infra, repayment of loan and for general corporate purposes. ArisInfra Solutions is a business-to-business (B2B) company leveraging technology to streamline and digitise the procurement of construction materials. Stock TradingMastering Options Selling: Advanced Strategies for SuccessBy - CA Manish Singh, Chartered Accountant, Professional Equity and Derivative TraderView Program Stock TradingAlgo Trading Made EasyBy - Vivek Gadodia, Partner at Dravyaniti Consulting and RBT Algo SystemsView Program Stock TradingPoint & Figure Chart Mastery: A Comprehensive Trading GuideBy - Mukta Dhamankar, Full Time Trader, 15 Years Experience, InstructorView Program Stock TradingCryptocurrency Made Easy: Cryptocurrency CourseBy - elearnmarkets, Financial Education by StockEdgeView Program Stock TradingTechnical Analysis Made Easy: Online Certification CourseBy - Souradeep Dey, Equity and Commodity Trader, TrainerView Program Stock TradingMacroeconomics Made Easy: Online Certification CourseBy - Anirudh Saraf, Founder- Saraf A & Associates, Chartered AccountantView Program Stock TradingMarket 101: An Insight into Trendlines and MomentumBy - Rohit Srivastava, Founder- Indiacharts.comView Program Stock TradingDow Theory Made EasyBy - Vishal Mehta, Independent Systematic TraderView Program Stock TradingMarket 103: Mastering Trends with RMI and Techno-Funda InsightsBy - Rohit Srivastava, Founder- Indiacharts.comView Program Stock TradingMarket 104: Options Trading: Kickstart Your F&O AdventureBy - Saketh R, Founder- QuickAlpha, Full Time Options TraderView Program Stock TradingCandlesticks Made Easy: Candlestick Pattern CourseBy - elearnmarkets, Financial Education by StockEdgeView Program Stock TradingComplete Guide to Stock Market Trading: From Basics to AdvancedBy - Harneet Singh Kharbanda, Full Time TraderView Program Stock TradingOptions Scalping Made EasyBy - Sivakumar Jayachandran, Ace ScalperView Program Stock TradingCommodity Markets Made Easy: Commodity Trading CourseBy - elearnmarkets, Financial Education by StockEdgeView Program Stock TradingStock Valuation Made EasyBy - Rounak Gouti, Investment commentary writer, Experience in equity researchView Program Stock TradingA2Z of Stock Market for Beginners: Stock Market Course For BeginnersBy - elearnmarkets, Financial Education by StockEdgeView Program Stock TradingHeikin Ashi Trading Tactics: Master the Art of TradingBy - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology ExpertView Program From April 1, 2021, to March 31, 2024, the firm supplied 10.35 million tonnes of construction materials. This includes aggregates, ready-mix concrete, steel, cement, construction chemicals, and walling solutions, working with 1,458 vendors to serve 2,133 customers across 963 pin codes in various cities. JM Financial , IIFL Securities and Nuvama are the book running lead managers for the public issue. (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)