ArMee Infotech Limited IPO
Open now23–25 Sep 2026
Latest update:
GMP +2.7% (₹10) · Price band ₹350–₹375 · Closes 25 Sep 2026 · Allotment 28 Sep 2026 (Confirmed) · Lists 30 Sep 2026 (Expected)
What ArMee Infotech Limited does
The Company is an IT infrastructure and IT managed services provider that has also ventured into the retail sales space through Experience Zones and the renewable energy sector, including solar EPC projects, solar PPAs, and Battery Energy Storage Systems (BESS).
ArMee Infotech Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 1,021 | 1,313 | 1,397 | |
| Operating Profit | 72 | 59 | 76 | |
| OPM % | 7.0% | 4.5% | 5.4% | |
| Net Profit | 50 | 42 | 45 | |
| Total Debt | 27 | 48 | 174 |
ArMee Infotech Limited IPO offer structure
Fresh issue: ₹300 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funds for the purpose of securing PBGs for expansion of business: ₹155 cr
- Funding our working capital requirements: ₹60 cr
- Prepayment or repayment of certain outstanding borrowings availed by our Company: ₹7 cr
ArMee Infotech Limited promoters and holding
- Ami Ridhish Patel: Promoter and Whole Time Director
- Kiritkumar Chimanbhai Patel: Promoter
- Ridhish Kiritbhai Patel: Promoter, Chairman and Managing Director
ArMee Infotech Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Proven track record in executing projects for Government / PSU clients (p.218)
- Consistent track record of financial performance (p.219)
- Ability to service clients and projects across diverse sectors (p.219)
- Experienced Board of Directors and management with extensive domain knowledge (p.219)
- Most of our business operations are concentrated in the states of Gujarat, Maharashtra and Tamil Nadu. (p.21)
- We depend on orders from the Government/PSU clients. (p.23)
- Our in-house procurement operations for renewable energy space projects expose us to certain risks. (p.24)
- We are dependent on our Technology Partners for various hardware and software products which we provide to our clients. (p.24)
- Most projects we operate have been awarded primarily through a competitive bidding process. (p.25)
ArMee Infotech Limited peer comparison: DRHP median P/E 14.6x
Live BSE prices| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Dynacons Systems & Solutions Limited | Rs 1,022.75 -0.8% | 15.3x | 13.3% | 43.9% | live |
| Orient Technologies Limited | Rs 235.05 -0.4% | 243.2x | 7.3% | -0.9% | live |
| KPI Green Energy Limited | Rs 346.15 +7.6% | 13.9x | 42.6% | 21.1% | live |
| Oriana Power Limited | — | 9.6x | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
ArMee Infotech Limited market and competition
We operate in a competitive industry with a plethora of large, mid-sized and small operators. In IT infrastructure and IT Managed Services, some of our key competitors include Dynacons Systems & Solutions Limited, Team Computers Private Limited, Larsen & Toubro Limited (L&T), Hitachi Systems Micro Clinic Private Limited, Value Point Systems Private Limited, and Aabasoft technologies India Private Limited.
ArMee Infotech Limited outlook, as the document states it
We offer a wide ranging and diversified bouquet of product and service offerings and classify our IT business into IT Infrastructure and IT managed services. We also intend to leverage upon upcoming technological advancements in segments such as Experience Zones, payment devices, and data migration, while expanding our presence in the Renewable Energy Space.
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ArMee Infotech Limited IPO: common questions
What is the ArMee Infotech Limited IPO GMP (grey-market premium) today?
As of 23 Sep 2026 the indicative grey-market premium (GMP) for the ArMee Infotech Limited IPO is +2.7% from a single grey-market source. GMP is unregulated and self-reported, so treat it as a sentiment signal, never a guarantee. For context, across the 29 IPOs we have tracked from a pre-listing GMP quote through to the actual listing, grey-market premium pointed the right way 79% of the time. Never decide on GMP alone.
When does the ArMee Infotech Limited IPO open and close?
The ArMee Infotech Limited IPO is open from 23 Sep 2026 to 25 Sep 2026.
What is the ArMee Infotech Limited IPO price band?
The price band is ₹350–₹375 per share.
What is the lot size and minimum investment for the ArMee Infotech Limited IPO?
One lot is 40 shares, and a retail application must be at least one lot. That is about ₹15,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
When are the ArMee Infotech Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 28 Sep 2026, refund/unblock around 29 Sep 2026 and listing around 30 Sep 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the ArMee Infotech Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 519 mainboard IPOs that have listed on the NSE since 2003, 369 (71%) opened above their issue price, at a median of +10%. That is the segment's own record, not a forecast for this issue.