The Rs 300-crore public issue will remain open for investors until September 25. The allotment is expected to be finalised on September 28, while the company’s shares are tentatively scheduled to list on the National Stock Exchange (NSE) and BSE on September 30.
The book-built issue comprises an entirely fresh issue of 80 lakh equity shares worth Rs 300 crore. The company has fixed the IPO price band at Rs 350 to Rs 375 per share, while the lot size has been set at 40 shares. At the upper end of the price band, retail investors will need a minimum investment of Rs 15,000 for one lot.
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Khandwala Securities Ltd. and Saffron Capital Advisors Pvt. Ltd. are the book-running lead managers for the issue, while Cameo Corporate Services Ltd. is the registrar.
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Where will ArMee Infotech use IPO proceeds?
According to the company, the net proceeds from the IPO will be used for business expansion, working capital requirements, repayment or prepayment of certain borrowings and general corporate purposes.
The company has earmarked Rs 155 crore for expanding its business by procuring new government and PSU projects. Another Rs 60 crore will be used to meet working capital requirements, while Rs 6.50 crore has been earmarked for the prepayment or repayment of certain outstanding borrowings. The remaining proceeds will be used for general corporate purposes.
Should you subscribe to ArMee Infotech IPO?
Anand Rathi Research has assigned a “Subscribe – Long Term” rating to the issue. According to the brokerage’s research report, at the upper price band, ArMee Infotech is valued at 26.2 times FY26 price-to-earnings (P/E) and 17.83 times FY26 enterprise value-to-EBITDA (EV/EBITDA), implying a post-issue market capitalisation of Rs 11,899 million.
The brokerage highlighted the company’s established presence in IT infrastructure and IT managed services, sizeable government and PSU client base, ongoing project pipeline and expansion into renewable energy as factors supporting its growth prospects. The research view is Anand Rathi’s assessment and should not be treated as a guarantee of the company’s future performance or stock-market returns.
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ArMee Infotech financial performance
ArMee Infotech reported an improvement in both revenue and profit in FY26 compared with FY25. Total income increased from Rs 1,316 crore in FY25 to Rs 1,410 crore in FY26, representing growth of around 7%. Profit after tax (PAT) rose from Rs 42 crore in FY25 to Rs 45 crore in FY26, an increase of around 9%.
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About ArMee Infotech
Founded in 2003 and headquartered in Ahmedabad, Gujarat, ArMee Infotech Ltd. is an IT infrastructure solutions and managed services company. As part of the ArMee Group, the company provides end-to-end technology solutions to clients 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 operations beyond its core IT infrastructure and managed services business.
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