ArMee Infotech’s initial public offering (IPO) is set to open for subscription on September 23, 2026. According to the Red Herring Prospectus (RHP), the ₹300.00 crore book-built issue comprises a fresh issue of up to 80.00 lakh equity shares, with no offer for sale (OFS) by its existing shareholders.

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:

Event	Date
Subscription Opening Date	23 September 2026
Subscription Closing Date	25 September 2026
Basis of Allotment Date	28 September 2026
Refund Initiation Date	29 September 2026
Credit of Shares	29 September 2026
Listing on BSE and NSE	30 September 2026

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

Explore other Upcoming IPOs on BSE and NSE.

ArMee Infotech IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 25% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 22.50% of the Net Issue
Retail Individual Investors (RII)	Not less than 52.50% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹375 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	40	₹15,000
Retail (Maximum)	13	520	₹1,95,000
sNII (Minimum)	14	560	₹2,10,000
bNII (Minimum)	67	2680	₹10,05,000

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

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	1,396.62	1,313.31	1,020.57
EBITDA	75.63	58.64	71.58
Profit After Tax (PAT)	45.47	41.67	50.13