ArisInfra Solutions files DRHP

New Delhi: ArisInfra Solutions Ltd, which is backed by PharmEasy CEO Siddharth Shah, has filed preliminary papers with capital markets regulator Sebi to raise Rs 600 crore through an initial public offering. The proposed initial public offering (IPO) is a completely fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). The Mumbai-based company plans to mop up about Rs 120 crore through a pre-IPO placement. If such placement is undertaken, the amount raised will be deducted from the total IPO size. PharmEasy CEO Siddharth Shah is one the promoters of the company along with Ronak Kishor Morbia, Bhavik Jayesh Khara, Jasmine Bhaskar Shah.