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ArMee Infotech IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 30 Sep 2026
· updated 1 month ago
Price band
₹375
GMP
+₹6
Est. listing price₹381
Est. listing gain1.60%
Issue size₹300 Cr
ArMee Infotech IPO Details
Open DateWed, 23 Sep 2026
Close DateFri, 25 Sep 2026
Listing DateWed, 30 Sep 2026
Listing AtBSE, NSE
Price Band₹375 per share
Lot Size40 shares
Min. Investment₹15,000
Issue Size₹300 Cr
ArMee Infotech IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Wed, 23 Sep
IPO Closes
Fri, 25 Sep
Basis of Allotment
Mon, 28 Sep
Tentative
Refunds Initiated
Tue, 29 Sep
Tentative
Shares Credited to Demat
Tue, 29 Sep
Tentative
Listing Date
Wed, 30 Sep
ArMee Infotech IPO GMP Today
All IPO GMP
GMP today
+₹6
Est. listing price
₹381
Est. gain %
1.60%
Est. profit / lot
₹240
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
ArMee Infotech IPO GMP Trend
28 Sep – 30 Sep · ₹-2| Date | GMP | Est. listing |
|---|---|---|
| Wed, 30 Sep | +₹6 | ₹381 |
| Tue, 29 Sep | +₹6 | ₹381 |
| Mon, 28 Sep | +₹8 | ₹383 |
ArMee Infotech IPO Subscription Status
As of 25 Sep, 7:00 PM
Retail (RII)
2.47x
NII / HNI
2.09x
bHNI (>₹10L)
1.39x
sHNI (₹2–10L)
3.49x
QIB
2.99x
Total
2.44x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
ArMee Infotech IPO Listing Price & Gain
Issue price₹375
Listing price (NSE)₹375
Listing gain0.00%
Listing-day close₹300 (-20.0%)
The last GMP before listing (₹6) pointed to about ₹381; the shares opened 1.6 points below that estimate. How accurate is GMP?
ArMee Infotech IPO Allotment Status
The registrar for this IPO is Cameo Corporate Services. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
ArMee Infotech IPO Lot Size & Minimum Investment
At upper price band of ₹375| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹15,000 |
| Retail (Max) | 13 | 520 | ₹1,95,000 |
| S-HNI (Min) | 14 | 560 | ₹2,10,000 |
| S-HNI (Max) | 66 | 2,640 | ₹9,90,000 |
| B-HNI (Min) | 67 | 2,680 | ₹10,05,000 |
ArMee Infotech IPO analysis: what the numbers say
ArMee Infotech is a provider of managed services and IT infrastructure solutions. The ₹300 Cr issue is entirely a fresh issue, so all the money goes to the company.
Revenue rose from ₹1,023.99 Cr in FY24 to ₹1,410.09 Cr in FY26, a compound annual growth of 17.3%. Profit after tax fell from ₹50.13 Cr to ₹45.47 Cr. That is a net profit margin of 3.2% in FY26. Borrowings were 0.96 times net worth at the end of FY26.
The issue closed subscribed 2.44x overall (QIB 2.99x, NII 2.09x and retail 2.47x). ArMee Infotech listed at ₹375 on 30 Sep 2026, 0.0% against the issue price of ₹375. The last GMP before listing had pointed to about ₹381, so it opened 1.6 points below the grey market estimate. It closed the first day at ₹300 (-20.0%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
ArMee Infotech IPO Issue Structure
Fresh issue ₹300 Cr (100%)
Offer for sale — (0%)
Face value₹10 / share
Market cap (post issue)—
Promoter holding (pre)92.72%
Promoter holding (post)—
- Promoters
- Ami Ridhish Patel, Kiritkumar Chimanbhai Patel, Ridhish Kiritbhai Patel
- Book running lead managers
- Khandwala Securities Ltd.
Objects of the ArMee Infotech IPO
- Expansion of business by procuring new Government/PSU projects. ~ Rs. 155 Cr.
- Funding working capital requirements. ~ Rs. 60 Cr.
- Prepayment or repayment of certain outstanding borrowings availed by the Company. ~ Rs. 6.50 Cr.
- General Corporate Purposes.
ArMee Infotech IPO Strengths & Risks
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.
Risks
- In-house procurement for renewable energy projects exposes the Company to supplier warranty defaults and unexpected expenses, as well as construction cost risks arising from project execution factors.
- Renewable Energy EPC and PPA are relatively new business areas for the Company. Its promoters and senior management have limited prior experience in solar EPC, solar PPAs and renewable energy project development, which involve regulatory, financial, technological and execution complexities.
- The Company is required to provide PBGs generally ranging from 3% to 10% of project value for Government/PSU projects. Inability to arrange or maintain required margins, or invocation of guarantees, may affect cash flows and the ability to bid for and secure new projects.
ArMee Infotech Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 1,023.99 | 1,315.78 | 1,410.09 |
| Profit after tax | 50.13 | 41.67 | 45.47 |
| Net worth | 95.18 | 136.67 | 182.18 |
| Total assets | 673.5 | 828.54 | 958.87 |
| Total borrowings | 27.26 | 48.1 | 174.36 |
| PAT margin | 4.9% | 3.17% | 3.22% |
ArMee Infotech Key Performance Indicators (KPIs)
ROE28.52%
ROCE24.1%
RoNW24.96%
Debt / Equity0.96
About ArMee Infotech IPO
ArMee Infotech is a mainboard IPO worth ₹300 crore with a price band of ₹375 per share. The issue opens on 23 September 2026 and closes on 25 September 2026. Shares are expected to list on 30 September 2026 on BSE, NSE.
ArMee Infotech (NSE) IPO is a Mainboard IPO with an issue size of Rs. 300 Cr by ArMee Infotech Limited, which is a provider of managed services and IT infrastructure solutions. The business, which is a member of the ArMee Group, offers end-to-end technological solutions for a variety of industries, including corporate, government, banking, financial services and insurance (BFSI), and education. In order to grow its business, the corporation has also expanded into retail sales and renewable energy.
IT Infrastructure: Offers IT software and hardware, as well as installation, integration, upkeep, and associated support services.
IT Managed Services: Provides technical staff, training and skill development, and yearly maintenance services.
Retail Sales: Manages Experience Zones with a focus on consumer electronics, gaming, IT products, and associated goods.
Renewable Energy: Develops solar power projects under Power Purchase Agreements (PPAs), conducts solar engineering, procurement, and construction (EPC) projects, and works on Battery Energy Storage System (BESS) projects.
This new IPO is to be launched on 23 Sep 2026, and its ‘initial public offering’ will end on 25 Sep 2026.
ArMee Infotech IPO: FAQs
What is the subscription status of ArMee Infotech IPO?
The issue closed subscribed 2.44x overall (QIB 2.99x, NII 2.09x and retail 2.47x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of ArMee Infotech IPO?
ArMee Infotech listed at ₹375 on 30 Sep 2026, 0.0% against the issue price of ₹375. The last GMP before listing had pointed to about ₹381, so it opened 1.6 points below the grey market estimate. It closed the first day at ₹300 (-20.0%).
What is the price band of ArMee Infotech IPO?
The ArMee Infotech IPO price band is ₹375 per share and the issue size is ₹300 crore.
What is the lot size and minimum investment for ArMee Infotech IPO?
One lot of ArMee Infotech IPO has 40 shares. The minimum application for retail investors is 1 lot (40 shares), which costs ₹15,000 at the upper price band.
When does ArMee Infotech IPO open and close?
ArMee Infotech IPO opens for subscription on Wednesday, 23 September 2026 and closes on Friday, 25 September 2026. Bids are accepted until 5 PM on the closing day.
What is the ArMee Infotech IPO allotment date?
The basis of allotment for ArMee Infotech IPO is expected to have been finalised on Monday, 28 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check ArMee Infotech IPO allotment status?
Visit the website of the registrar, Cameo Corporate Services, select ArMee Infotech IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is ArMee Infotech IPO listing date?
ArMee Infotech shares listed on BSE, NSE on Wednesday, 30 September 2026 at ₹375 per share.
Is ArMee Infotech a mainboard or SME IPO?
ArMee Infotech is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 29 Sep 2026, 1:07 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.