← All IPOs

ArMee Infotech Limited

MainboardlistedNSE · BSE
23 Sep 2026 – 25 Sep 2026
LISTED
Offer Price
₹350–375
Bid lot
40
Min Application
₹15,000
Issue Size
₹300 Cr

Key dates

Open date
23 Sep 2026
Done
Close date
25 Sep 2026
Done
Basis of allotment
28 Sep 2026
Done
Initiation of refunds
28 Sep 2026
Done
Credit to demat
28 Sep 2026
Done
Listing date
30 Sep 2026
Done

Issue reservation

₹300 Cr
QIB 25%HNI (10L+) 15%7.5%Retail 52.5%
QIB
20.0 L sh · ₹75.00 Cr
25%
HNI (10L+)
12.0 L sh · ₹45.00 Cr
15%
HNI (2-10L)
6.0 L sh · ₹22.50 Cr
7.5%
Retail
42.0 L sh · ₹157.50 Cr
52.5%
Applications required for 1× subscription
Retail (≤₹2L)
1,05,000 forms
S-HNI (₹2–10L)
1,071 forms
B-HNI (>₹10L)
448 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Khandwala Securities Limited · Saffron Capital Advisors Private Limited

Lot ladder — how much to bid

1 lot = 40 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
40 sh · ₹15,000
Max · 13 lots
520 sh · ₹1,95,000
S-HNI · ₹2 L to ₹10 L14–66 lots
Min · 14 lots
560 sh · ₹2,10,000
Max · 66 lots
2,640 sh · ₹9,90,000
B-HNI · Above ₹10 L67+ lots
Min · 67 lots
2,680 sh · ₹10,05,000
Entry point
₹10,05,000 onward

Issue details

Lead managersKhandwala Securities Limited, Saffron Capital Advisors Private Limited
Fresh issue80,00,000 sh · ₹300 Cr
Face value₹10
Listing onNSE · BSE
RegistrarCameo Corporate Services Ltd.
Live subscription
FinalUpdated 25 Sep 2026
2.62×
0×1×2×3×+
Fully subscribed
Book₹260.06 Cr
Subscribed₹680.83 Cr
Applications2,81,653

Share-wise

by category
CategoryBook SizeSubscriptionNo. of Times
QIB (Ex. Anchor)
9,35,000₹35.06 Cr
29,96,200₹112.36 Cr
3.20×
HNI
18,00,000₹67.50 Cr
40,35,640₹151.34 Cr
2.24×
HNI (10L+)
12,00,000₹45.00 Cr
17,90,800₹67.16 Cr
1.49×
HNI (2-10L)
6,00,000₹22.50 Cr
22,44,840₹84.18 Cr
3.74×
Retail
42,00,000₹157.50 Cr
1,11,23,720₹417.14 Cr
2.65×
Total
69,35,000₹260.06 Cr
1,81,55,560₹680.83 Cr
2.62×

*QIB Book Size EXCLUDES the anchor portion of 10,65,000 shares, from the actual anchor allotment.

Application-wise

CategoryReq 1×TotalTimes
HNI (10L+)4485041.13×
HNI (2-10L)1,0713,7773.53×
Retail1,05,0002,45,3022.34×

Total applications: 2,49,583

Subscription Demand

in ₹ crore
CategoryApplied
QIB112.36
HNI151.34
HNI (10L+)67.16
HNI (2-10L)84.18
Retail417.14
Total680.83

Amounts at the upper band (₹375). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

958.87

828.54

673.5

Total Income

1,410.09

1,315.78

1,023.99

PAT

45.47

41.67

50.13

Net Worth

182.18

136.67

95.18

Total Borrowings

174.36

48.1

27.26

Objects of the issue
  • Performance Bank Guarantees (PBGs): ₹155.00 crore

  • Working Capital Requirements: ₹60.00 crore

  • Repayment of Outstanding Borrowings: ₹6.50 crore

  • General Corporate Purposes: Balance amount

About the company

Founded in 2003 and headquartered in Ahmedabad, ArMee Infotech Limited (AIL) is an IT infrastructure and managed services company offering technology solutions to government, corporate, BFSI and education sectors. The Company has also diversified into retail and renewable energy.

Services

  • IT Infrastructure: Hardware, software, installation, integration and maintenance.

  • IT Managed Services: Technical manpower, training and annual maintenance services.

  • Retail: IT products, consumer electronics, gaming and related merchandise.

  • Renewable Energy: Solar EPC, solar power projects, PPAs and BESS projects.

As of June 30, 2026, AIL had 99 ongoing projects—65 in IT Infrastructure, 21 in IT Managed Services and 13 in Renewable Energy.

Geographically, 74 projects were in Gujarat, with the remaining projects spread across Maharashtra and other Indian states.

The Company had 263 employees, including 219 skilled and semi-skilled technical staff, along with 1,648 contractual employees.

Company strengths

  • Proven execution track record with government and PSU clients.

  • Consistent financial performance.

  • Diverse sector and project capabilities.

  • Experienced management with strong domain expertise.

Promoters

Ami Ridhish PatelRidhish Kiritbhai PatelKiritkumar Chimanbhai Patel

Registered office & contact

ArMee Infotech Limited

Address - ArMee House, 17, Goyal Intercity,

Goyal Intercity Row

House Thaltej Thaltej Road,

Ahmedabad, Gujarat, 380054

📞 91 79 4911 4911

✉️ cs@armeeinfotech.com

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the ArMee Infotech Limited IPO?

One lot of 40 shares — ₹15,000 at the upper price band of ₹375.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-09-30 on NSE / BSE.

₹350–375
Applications are closed.