ArMee Infotech IPO Day 2: Subscription Status, Timeline & Key Issue Detail

ArMee Infotech's ₹300.00 crore initial public offering (IPO) entered its second day of public subscription today, September 24, 2026, with a price band of ₹350 to ₹375 per share. As of 10:03 A.M on the second day of bidding, the issue had been subscribed 0.56 times.

The IPO will remain open until September 25, 2026. The basis of allotment is expected to be finalised on September 28, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on September 30, 2026.

ArMee Infotech IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue only)
• Total Issue Size: Up to ₹300.00 crore
• Fresh Issue: Up to 80.00 lakh equity shares
• Offer for Sale (OFS): Not Applicable
• Face Value: ₹10 per equity share
• Price Band: ₹350 to ₹375 per share
• Lot Size: 40 shares
• Minimum Investment Amount (Retail Investor): ₹15,000 (40 shares at the upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Khandwala Securities Limited, Saffron Capital Advisors Private Limited
• Registrar: Cameo Corporate Services Limited

ArMee Infotech IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

ArMee Infotech IPO Day 2 Subscription Status

[September 24, 2026, 10:03 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Pre-payment or partial re-payment of a portion of certain outstanding borrowings availed by the company
• General corporate purposes.

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Funds for the purpose of securing PBGs for expansion of business
• Funding the working capital requirements
• Prepayment or repayment of certain outstanding borrowings availed by the company
• General corporate purposes.

About ArMee Infotech Limited

Incorporated in 2003, ArMee Infotech Limited provides IT infrastructure and managed IT services, while also operating in retail, renewable energy, and battery storage. Its retail business operates through Experience Zones offering IT products, consumer electronics, gaming, and merchandise. In the renewable energy segment, the company undertakes solar EPC projects, develops solar projects under power purchase agreements (PPAs), and works on Battery Energy Storage Systems (BESS).

Headquartered in Ahmedabad, Gujarat, ArMee serves government and public sector undertakings (PSUs) as well as private-sector clients across various industries. A significant portion of its revenue is currently generated from projects serving government and PSU customers.

 Key Financial Highlights 

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