June 2025 saw two tech-heavy IPOs grab attention. Arisinfra Solutions (a B2B infra-tech platform) and Sagility India (a US healthcare IT services provider) generated significant buzz even before their market debuts. Early signals – subscription figures and grey market premiums – suggest strong investor appetite.
A quick look:
• Arisinfra Solutions (Rs 500 Cr IPO): The book-building issue (fully fresh equity) opened June 18 at Rs 210–222/share. On Day 1 it was ~24% subscribed (retail 1.04×), a modest start. However, anchor investors placed large bets: Rs 225 Cr was secured at the top of the band (Rs 222). In the grey market, Arisinfra stock was quoted around Rs 249 – implying a ~Rs 27 premium to the IPO high end. In other words, expectations were for a double-digit listing jump (~12%). In summary, Arisinfra’s IPO saw healthy anchor support and a grey-market premium of ~11% despite early-day subscription of only 0.24×. The IPO closes June 20 and lists on June 25. Investors will watch whether real demand matches the early grey-market optimism.
• Sagility India (Rs 2,106 Cr IPO, Nov 2024): Although it listed last November, Sagility remains in focus thanks to follow-up action. Its initial public offering (all OFS from promoter Sagility B.V.) was 3× subscribed and debuted at a 3.5% premium to its Rs 30 issue price. Sagility’s strong financials (FY24 net profit +59% YOY) and growth story drove this demand. Most recently (May 2025), Sagility’s promoters launched a large 15% stake Offer for Sale (open May 27). Despite a steep 11% discount floor price, this OFS was extremely well-subscribed – over 223% on Day 1. This indicates continued institutional interest in Sagility shares (even after its IPO).
The IPO buzz also reflects broader market trends. Grey market premiums (GMPs) were positive: Arisinfra’s ~Rs 27 GMP points to a strong debut, while Sagility’s listing gains (~3.5%) reflect steady demand. Retail participation was high: Sagility’s IPO had a 10% retail quota, and even its OFS allotment (into retail on Day 2) saw enthusiastic bidding.
Key details for investors:
• Arisinfra Solutions: Rs 499.6 Cr fresh issue Day-1 subscription 0.24×. Anchor Rs 225 Cr at Rs 222. Grey Market Premium ˜Rs 27 (Rs 249 spot price).
• Sagility India: Rs 2,106 Cr OFS (no fresh shares). 3.0× subscribed. Debut price Rs 31.06 (up 3.5%). Promoter OFS (15% stake) saw 223% bid coverage.
In sum, both Arisinfra and Sagility “stole the show” in their own ways. Arisinfra, a smaller Rs 500 Cr tech IPO, saw a lukewarm initial subscription but strong grey-market buzz. Sagility, a much larger offering, not only listed firm but also used an OFS to bring its promoter’s holding in line with public float rules. Together, they underscore that investor appetite for innovative Indian companies remains robust. Aspiring IPO investors should note the sector themes: Arisinfra taps infrastructure digitalization, Sagility serves the booming US healthcare tech market. Both are sectors of long-term interest, which may explain the positive reception. (Of course, past IPO performance is no guarantee of future returns, and every investor should do their own due diligence.)
In the wider primary market, analysts point out that healthy IPOs often lead to a flood of new issues. Indeed, other offerings (like Urban Company, Oswal Pumps, etc.) are either ongoing or planned. The strong early demand for Arisinfra and Sagility suggests that Indian IPO investors are still keen on growth stories – a trend likely to continue into late 2025 as long as overall market sentiment stays supportive.
Sources: Anchor and subscription figures are from filings and media reports. Listing performance and OFS data are drawn from news coverage. All figures and quotes are sourced from official news outlets and company disclosures.
This content is for educational purposes only and does not constitute investment advice.