ArMee Infotech Shares List at 1% Discount on BSE
ArMee Infotech made a weak stock market debut on Wednesday, September 30, 2026, with its shares listing at a 1.65% discount on the BSE. The stock opened at ₹368 per share on the BSE, against its IPO issue price of ₹375. On the NSE, the shares debuted flat at the IPO issue price of ₹375.
The company’s ₹300.00 crore IPO was open for subscription from September 23 to September 25, 2026, and witnessed modest investor interest. The issue was subscribed 2.44 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
ArMee Infotech IPO Overall Subscription Status
[September 25, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
2.99x |
|
Non-Institutional Investors (NIIs) |
2.09x |
|
Retail Individual Investors (RIIs) |
2.47x |
|
Total |
2.44x |
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.
Headquartered in Ahmedabad, the company serves government, PSU, and private-sector clients. Its businesses include IT retail experience stores, solar EPC projects, power purchase agreement (PPA)-based solar development, and Battery Energy Storage Systems (BESS), with government and PSU projects contributing a significant share of revenue.
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 |
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