One of Gujarat’s most prominent brokerage and financial services houses, Marwadi Shares & Finance (MSFL), has intensified its interest in Aris Infra Solutions, a recently listed construction materials provider, with a notable follow-up buying spree on the secondary market.
Marwadi’s Follow-Up Buying in Aris Infra
Fresh data shows that on 20 August 2025, MSFL bought 7,25,090 shares of Aris Infra Solutions worth INR 10.23 crore at an average price of INR 141.17 per share. The counterparty in this transaction was NECTA BLOOM VCC – Regal Fund, indicating institutional buying in the new listing.
Later, MSFL again purchased 4,50,000 shares on 26 August 2025, worth INR 6.68 crore at a higher weighted average price of INR 148.52. With these two transactions, MSFL’s total investment in Aris Infra now stands at INR 16.91 crore.
This sequential buying shows MSFL’s strong conviction in Aris Infra’s long-term story, as India’s construction materials sector is going to benefit from the government’s infrastructure push and increased public spending.
Marwadi Shares & Finance: Financials and Pressures
While MSFL’s activity in Aris Infra looks bullish, MSFL itself has reported weak quarterly numbers. For the quarter ended June 2025, the company’s net profit decreased by 1.69% to INR 112.54 crore compared to INR 114.47 crore in the same quarter last year. Revenues grew 4.08% year on year to INR 244.25 crore, but margins narrowed. Operating profit margins were 80.67% compared to 78.48% last year, while profit before tax declined by 2%.
Aris Infra Post-IPO Performance
Aris Infra launched its IPO from 18–20 June 2025, consisting entirely of a fresh issue valued at INR 499.6 crore. The IPO was subscribed 2.65 times overall, with the retail investor category subscribed 5.6 times.
On listing, the stock opened at a 7.66% discount to the issue price and closed the first trading day with a 21.45% decline. At present, the shares are trading at approximately INR 148.82 per share, representing a 32.96% fall from the IPO allotment price of INR 222 per share.
Expansion Plans: TruCap Finance Acquisition
Meanwhile, Marwadi Chandarana Group (MCG), the parent group of MSFL, has been in an expansion mode. In May 2025, it acquired a 75% stake in TruCap Finance, a non-banking financial company (NBFC), for INR 207 crore through equity infusion and secondary share purchase.
This acquisition makes MCG the new promoter of TruCap Finance and gives it access to the NBFC’s 117 branches and lending portfolio of gold loans, MSME loans and electric vehicle financing. The group with a net worth of INR 2,500 crore sees this as a strategic play to enter retail finance.
Strategic Takeaway
MSFL’s latest Aris Infra buying spree suggests that the company is deploying capital selectively into promising growth stories despite facing profit pressures. On one hand, the brokerage is navigating operational challenges and compliance risks; on the other, its aggressive stance on expansion and strategic investments reflects an ambition to consolidate its role as a significant financial powerhouse.
For investors, MSFL’s dual track record—measured financial performance and regulatory hurdles juxtaposed against bold market bets and strategic acquisitions—presents a nuanced picture. The follow-up buying in Aris Infra could be read as a long-term conviction call, aligned with the government’s infrastructure agenda, even as near-term regulatory vigilance remains a cloud over its operations.
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