ArMee Infotech IPO Details
ArMee Infotech IPO Summary
ArMee Infotech IPO opens for subscription on 23 Sep 2026 and closes on 25 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 30 Sep 2026.
ArMee Infotech IPO price band has been fixed at ₹350 – ₹375 per share. The face value is ₹10 per share with a lot size of 40.
ArMee Infotech IPO total issue size comprises 80,00,000 shares (aggregating up to ₹300.00 Cr). This includes a fresh issue of 80,00,000 shares (aggregating up to ₹300.00 Cr). Pre-issue shareholding stands at 2,37,31,386, which will increase to 3,17,31,386 post-issue.
ArMee Infotech IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
ArMee Infotech IPO Lot Size :Retail Minimum is 1 lot (40 shares) amounting to ₹15,000. Retail Maximum is 13 lots (520 shares) amounting to ₹1,95,000. SHNI Minimum is 14 lots (560 shares) amounting to ₹2,10,000. SHNI Maximum is 66 lots (2,640 shares) amounting to ₹9,90,000. BHNI Minimum is 67 lots (2,680 shares) amounting to ₹10,05,000.
ArMee Infotech IPO Details
ArMee Infotech IPO Dates
- 23 Sep 2026Opening dateOpen
- 25 Sep 2026Closing dateClose
- 28 Sep 2026Allotment Date Allotment
- 29 Sep 2026Initiation of RefundsRefund
- 29 Sep 2026Credit of SharesCredit
- 30 Sep 2026Listing dateListing
ArMee Infotech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 40 | ₹15,000 |
| Retail Maximum | 13 | 520 | ₹1,95,000 |
| SHNI Minimum | 14 | 560 | ₹2,10,000 |
| SHNI Maximum | 66 | 2640 | ₹9,90,000 |
| BHNI Minimum | 67 | 2680 | ₹10,05,000 |
ArMee Infotech IPO Reservation
Promoter Holding
Documents
ArMee Infotech IPO Valuations
ArMee Infotech Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 958.87 | 828.54 | 673.50 |
| Total Income | 1,410.09 | 1,315.78 | 1,023.99 |
| Profit After Tax | 45.47 | 41.67 | 50.13 |
| EBITDA | 75.64 | 58.64 | 71.58 |
| NET Worth | 182.18 | 136.67 | 95.18 |
| Total Borrowing | 174.36 | 48.10 | 27.26 |
| Amount in ₹ Crore | |||
About ArMee Infotech IPO
Founded in 2003 and headquartered in Ahmedabad, Gujarat, ArMee Infotech Limited (AIL) is an IT infrastructure solutions and managed services company. As part of the ArMee Group, the company provides end-to-end technology solutions across sectors including government, corporates, banking, financial services and insurance (BFSI), and education. The company has also diversified into retail sales and renewable energy, expanding its business beyond its core IT services.
Services
- IT Infrastructure: Provides IT hardware and software, along with installation, integration, maintenance, and related support services.
- IT Managed Services: Offers technical manpower, skill development and training, and annual maintenance services.
- Retail Sales: Operates Experience Zones focused on IT products, consumer electronics, gaming, and related merchandise.
- Renewable Energy: Undertakes solar engineering, procurement and construction (EPC) projects and develops solar power projects under Power Purchase Agreements (PPAs), along with Battery Energy Storage System (BESS) projects.
As on June 30, 2026, The company have 99 Ongoing Projects out of which 65 are under IT Infrastructure category, 21 are under IT managed services category, 10 are under the Renewable Energy EPC and 1 is for Renewable Energy PPA and 2 are for Renewable Energy BESS.
As of June 30, 2026, out of their 99 Ongoing Projects, 74 projects are based in the state of Gujarat, 11 in Maharashtra, 2 each in Bihar, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh and Rajasthan and 1 each is based in Telangana, Tamil Nadu, Uttarakhand, and New Delhi.
As of June 30, 2026, they have 263 employees, out of which 219 are skilled and semi-skilled technical manpower engaged in the implementation and management of the various projects. In addition, as of June 30, 2026, they have engaged 1,648 employees on contractual basis.
Strength Of ArMee Infotech IPO
- Proven track record in executing projects for Government and PSU clients.
- Consistent track record of financial performance.
- Ability to service IT Infrastructure and IT managed services to clients engaged in diverse sectors.
- Experienced Board of Directors and management with extensive domain knowledge.
Risk Of ArMee Infotech IPO
- Most of our business operations are concentrated in the states of Gujarat, Maharashtra and Tamil Nadu. As of March 31, 2026 more than 86% of the revenue was recognized from projects executed in the states of Gujarat, Maharashtra and Tamil Nadu. Due to this geographic concentration of our business operations, our results of operations and growth might be restricted to the economic and demographic conditions of these three states.
- We depend on orders from the Government/PSU clients. As of March 31, 2026, more than 83.84% of the revenue was recognized from Government/PSU clients and wherein end users are Government / PSU clients. Additionally, the loss of or inability to qualify for such orders may adversely affect our business, financial condition, results of operations, and prospects.
- Our in-house procurement operations for renewable energy space projects expose us to certain risks. We may incur unexpected expenses if the suppliers of components in our power projects default on their warranty obligations.
- We are dependent on our Technology Partners for various hardware and software products which we provide to our clients. As of March 31, 2026, 65.84% of our purchase from Technology Partners are from top three Technology Partners. The failure of our Technology Partners to deliver these products in the necessary quantities, on time or to meet specified quality standards or technical specifications, could adversely affect our business and our ability to deliver orders on time.
- Most projects we operate have been awarded primarily through a competitive bidding process and our financial performance is largely dependent on our successful bidding for new projects. We may not always be able to qualify for, compete and win projects. If we are not able to successfully bid for new projects, it may adversely affect our business operations and financial conditions. The success rate of the bids made by us in Fiscals 2026, 2025, and 2024, were 19.48%, 24.57%, and 30.91%.
- We have experienced negative cash flow from operating activities of Rs.(1,798.14) lakhs in Fiscal 2025 and any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
- Our business requires working capital. Any failure in arranging adequate working capital for our operations may adversely affect our business, results of operations, cash flows and financial condition.
- We derive a significant portion of our revenues from a limited number of clients. As of March 31, 2026, 76.66% of the revenue was recognized from our top five clients for the said period. The loss of any significant clients or delay, cancellation, termination and recission of any specific projects from any of such clients may have an adverse effect on our business, financial condition, results of operations, and prospects.
- Certain portion of our Company's revenue is now derived from, and is dependent upon, the renewable energy sector, particularly Renewable Energy EPC and Renewable Energy PPAs, which is a new line of business for us, in which the expertise of our Promoters and senior management is minimal, and which is characterized by significant regulatory, financial, technological and execution complexities.
- We are required to furnish PBGs as part of our business contracts and we competitively bid for Government/PSU projects where such bank guarantees may be required. Our inability to arrange such guarantees, the invocation of such guarantees, or our inability to win and service sufficient competitive bids, may adversely affect our business, cash flows, financial condition, results of operations and the deployment of the Net Proceeds against the object of ' Funds for the purpose of securing PBGs for expansion of business'.
Objectives ArMee Infotech IPO
1. Expansion of business by procuring new Government/PSU projects.
2. Funding our working capital requirements.
3. Prepayment or repayment of certain outstanding borrowings availed by the Company.
4. General corporate purposes.
Company Contact Details
ArMee Infotech Ltd.
17, Goyal Intercity,
B/h Drive in Cinema,
Thaltej Road
Ahmedabad, Gujarat, 380058
Phone: + 91 79 4911 491
Email: cs@armeeinfotech.com
Website: http://www.armeeinfotech.com/
Registrar Contact Details
ArMee Infotech FAQs
The ArMee Infotech IPO is a MAINBOARD public issue comprising 8000000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹300.00 Cr. The issue price has been fixed at ₹375 per equity share, and the minimum application size is 40 shares.
The IPO opens for subscription on 23 Sep 2026, and closes on 25 Sep 2026.
Cameo Corporate Services Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹0 (0%).
Quick Links
Comments
