ArMee Infotech IPO
UpcomingMainboardOpens 23 September 2026Closes 25 September 2026
Incorporated in 2011 (with business roots tracing back to 2003 as part of the ArMee Group and earlier partnership M/s Armee Infotech), ArMee Infotech Limited is an Ahmedabad-based enterprise IT infrastructure solutions…
Incorporated in 2011 (with business roots tracing back to 2003 as part of the ArMee Group and earlier partnership M/s Armee Infotech), ArMee Infotech Limited is an Ahmedabad-based enterprise IT infrastructure solutions and managed services provider. The company delivers end-to-end digital transformation and technology integration across government bodies, PSUs, BFSI, education, and corporate clients. Its operations span four strategic verticals: IT Infrastructure Solutions (servers, cloud integration, interactive flat panels, hardware procurement, and maintenance), IT Managed Services (skilled technical manpower, facility management, and AMCs), Retail Experience Zones (interactive retail stores partnering with major consumer brands like Acer), and Renewable Energy Space (turnkey solar EPC projects, long-term solar PPAs under PM-KUSUM, and battery energy storage systems).
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Key ratios
As per RHP / filingsTimeline
IPO Opens
23 Sept 2026
IPO Closes
25 Sept 2026
Allotment
28 Sept 2026
Listing
30 Sept 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Allotment Date | 28 September 2026 |
| Listing Date | 30 September 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹15,000 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,95,000 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,10,000 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,90,000 |
BHNIAbove ₹10,00,000 | 67 | ₹10,05,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 25.00% |
| NII (Non-Institutional Investor) | 22.50% |
| SHNI (Small Non-Institutional Investor) | 7.50% |
| BHNI (Big Non-Institutional Investor) | 15.00% |
| Retail | 52.50% |
| Total | 100.00% |
IPO Objectives
- Expansion of business by procuring new Government/PSU projects through funding of Performance Bank Guarantees (₹155.00 Cr).
- Funding working capital requirements of the Company (₹60.00 Cr).
- Prepayment or repayment of certain outstanding borrowings availed by the Company (₹6.50 Cr).
- General Corporate Purposes.
Strengths
- Proven multi-decade track record in enterprise IT system integration, smart education deployments (e-Gram, Gyankunj, and ICT labs), and mission-critical government digitization.
- Strategic vertical diversification into green energy infrastructure, securing large solar EPC and PPA contracts under PM-KUSUM Component C.
- Robust, multi-year order book of ₹2,663.44 Crore as of June 30, 2026, offering strong forward revenue visibility across IT and renewable verticals.
- Consistent scale expansion, with total revenue rising at a 16.98% CAGR from ₹1,023.99 Cr in FY24 to ₹1,410.09 Cr in FY26.
Weaknesses
- High customer and client concentration, with top five clients generating 76.66% and government/PSU clients accounting for over 83% of revenue in FY26.
- Geographic concentration, with three states (Gujarat, Maharashtra, and Tamil Nadu) contributing over 86% of total revenue from operations.
- Significant procurement dependence on top three Technology Partners, accounting for over 65% of overall hardware and software purchases.
- Working capital intensity requiring substantial performance bank guarantees (PBGs) and collateral margin money to participate in large-scale government tenders.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 958.87 | 828.54 | 673.5 |
| Revenue (₹ Cr.) | 1,410.09 | 1,315.78 | 1,023.99 |
| PAT (₹ Cr.) | 45.47 | 41.67 | 50.13 |
| Net Worth (₹ Cr.) | 182.18 | 136.67 | 95.18 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| ArMee Infotech | 4.88 | 26.17 | 24.96% | 182.18 |
| Oriana Power Ltd. | 3.59 | 10.87 | 33.05% | 517.64 |
| KPI Green Energy Ltd. | 1.82 | 11.19 | 15.69% | 2,630 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- ArMee Infotech Limited
- ArMee House, 17, Goyal Intercity, Row House Thaltej, Thaltej Road, Ahmedabad, Gujarat – 380054, India
- +91 79 4911 4911
- cs@armeeinfotech.com
- https://www.armeeinfotech.com
Registrar Details
- Cameo Corporate Services Limited
- +91 44 4002 0700
- priya@cameoindia.com
- https://www.cameoindia.com
Frequently Asked Questions
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ArMee Infotech IPO News & Updates
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Sources
We match ArMee Infotech IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Cameo Corporate Services LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.