Overview
Updated 12 days agoArMee Infotech Limited is an IT infrastructure and managed services provider with a strong track record of executing projects for government and PSU clients. The company offers a diverse range of IT solutions and has expanded its operations into the renewable energy sector through its subsidiaries.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹15,000 |
| Retail (max) | 13 | 520 | ₹1,95,000 |
| sNII (min) | 14 | 560 | ₹2,10,000 |
| bNII (min) | 67 | 2,680 | ₹10,05,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | IT - Hardware |
| Price band | ₹350–375 |
| Final issue price | ₹375.00 |
| Face value | ₹10 per share |
| Lot size | 40 shares |
| Minimum investment | ₹15,000 |
| Issue size | ₹300 Cr |
| Fresh issue | ₹300 Cr |
| P/E at upper band | 19.6x |
| Registrar | Cameo Corporate Services Limited |
| NSE symbol | ARMEE |
| ISIN | INE0TWE01016 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
ArMee Infotech Limited provides comprehensive IT infrastructure and managed services, catering to clients across various sectors. The company has established a proven track record in executing complex projects for government and public sector undertakings. With an experienced management team and a focus on domain expertise, ArMee Infotech delivers scalable IT solutions. Recently, the company has diversified its business interests by incorporating subsidiaries focused on renewable energy, including solar and battery energy storage systems, aiming to leverage emerging opportunities in the green energy space while maintaining its core IT service operations.
Objects of the issue — how the money will be used
- General corporate purposes
Key strengths
- Proven track record in executing projects for Government and PSU clients
- Consistent track record of financial performance
- Ability to service IT Infrastructure and IT managed services to clients engaged in diverse sectors
- Experienced Board of Directors and management with extensive domain knowledge
Key risks
- Significant working capital requirements and reliance on bank borrowings
- Interest rate fluctuations impacting financing costs and profitability
- Project delays in renewable energy due to land acquisition and regulatory hurdles
- Regulatory risks including changes in tariffs and open access norms
- Exposure to global economic volatility and potential sovereign rating downgrades
- Compliance costs and legal uncertainties regarding evolving taxation and competition laws
- Potential dilution of shareholding through future equity issuances
Promoters
Ami Ridhish Patel, Kiritkumar Chimanbhai Patel, Ridhish Kiritbhai Patel
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 1,020.57 | -- | 50.13 | 673.50 | 95.18 | 27.26 |
| FY25 | 1,313.31 | -- | 41.67 | 828.54 | 136.67 | 48.10 |
| FY26 | 1,396.63 | -- | 45.47 | 958.87 | 182.18 | 174.36 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| ArMee Infotech this issue | 1,396.6 | 19.16 | 19.6x | 24.96 | 76.77 |
| Dynacons Systems & Solutions Limited | 1,424.3 | 66.64 | 16.4 | 26.90 | 247.54 |
| Orient Technologies Limited | 869.5 | 1.00 | 243.2 | 1.36 | 73.44 |
| KPI Green Energy Limited | 2,695.9 | 24.13 | 12.8 | 16.14 | 159.86 |
| Oriana Power Limited | 1,813.7 | 124.19 | 9.6 | 32.72 | 379.55 |
This issue is priced at 19.6x P/E against a peer median of 14.6x: a premium of 34%. A measurement, not a verdict.
Other IT - Hardware IPOs
Same sector, listed just before and after this one, with their listing-day change.
Bench Mark Infotech ServicesBMISL · NSE · SME · IT - Hardware+5.0%5 Oct Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.