IPO details · Updated
ArMee Infotech Limited
- Price Band
- ₹350 – ₹375
- Lot Size
- 40 shares
- Min. Investment
- ₹15,000
- Issue Size
- ₹300 Cr
- Offer Dates
- 23 Sept – 25 Sept 2026
- Listing
- 30 Sept 2026
Issue Details
- Total Issue Size
- ₹300 Cr
- 80,00,000 shares
- Fresh Issue
- ₹300 Cr
- 80,00,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE, NSE
- Shares Pre-Issue
- 2,37,31,386
- Shares Post-Issue
- 3,17,31,386
IPO Timeline
Offer opens
23 Sept 2026
Offer closes
25 Sept 2026
Allotment
28 Sept 2026
Listing
30 Sept 2026
Subscription Status
Subscription figures will appear here once bidding opens on 23 Sept 2026.
Lot Size & Investment
1 lot = 40 shares
Retail (min)
1 lot · 40 shares
Retail (max)
13 lots · 520 shares
S-HNI (min)
14 lots · 560 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 40 | ₹15,000 |
| Small HNI (S-HNI) | 14 | 560 | ₹2,10,000 |
| Big HNI (B-HNI) | 67 | 2,680 | ₹10,05,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 958.87 | 828.54 | 673.5 |
| 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 | 48.1 | 27.26 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| RoNW (%) | 24.96 |
| EPS (₹) | 19.16 |
| P/E (pre-issue) | 19.57 |
| P/E (post-issue) | 26.17 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Dynacons Systems & Solutions Ltd. | 16.41 | 26.9% |
| Orient Technologies Ltd. | 243.15 | 1.36% |
| Kpi Green Energy Ltd. | 12.77 | 16.14% |
| Oriana Power Ltd. | 9.62 | 32.72% |
About ArMee Infotech Limited
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. Competitive Strengths: Proven track record in executing projects for Government / PSU clients Consistent track record of financial performance Ability to service clients and projects across diverse sectors Experienced Board of Directors and management with extensive domain knowledge
Objects of the Issue
- Expansion of business by procuring new Government/PSU projects. (₹155.00 Cr)
- Funding working capital requirements (₹60.00 Cr)
- Prepayment or repayment of certain outstanding borrowings availed by the Company. (₹6.50 Cr)
- General Corporate Purposes
Promoters
- <p>Ami Ridhish Patel
- Kiritkumar Chimanbhai Patel
- Ridhish Kiritbhai Patel</p>
Company Information
- Book running lead managers
- Khandwala Securities Ltd.
- Saffron Capital Advisors Pvt.Ltd.
- Registered office
- ArMee House, 17, Goyal Intercity,, Goyal Intercity Row, House Thaltej Thaltej Road,, Ahmedabad, Gujarat, 380054
Official Documents
Opens the source filing in a new tab
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