ArMee Infotech Limited logo

IPO details · Updated

ArMee Infotech Limited

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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

Full 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

  1. Offer opens

    23 Sept 2026

  2. Offer closes

    25 Sept 2026

  3. Allotment

    28 Sept 2026

  4. 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

ApplicationLotsSharesAmount
Retail140₹15,000
Small HNI (S-HNI)14560₹2,10,000
Big HNI (B-HNI)672,680₹10,05,000

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets958.87828.54673.5
Total Income1,410.091,315.781,023.99
Profit After Tax45.4741.6750.13
EBITDA75.6458.6471.58
Net Worth182.18136.6795.18
Total Borrowing174.3648.127.26

Key Performance Indicators

Key performance indicators
PeriodMar-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

CompanyP/EROE
Dynacons Systems & Solutions Ltd.16.4126.9%
Orient Technologies Ltd.243.151.36%
Kpi Green Energy Ltd.12.7716.14%
Oriana Power Ltd.9.6232.72%

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

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.