ArMee Infotech IPO 2026: Date, Price Band, GMP and Details

Dates, price band, lot size, financials and full details of the ArMee Infotech Limited IPO, sourced from the company's Red Herring Prospectus (RHP).

ArMee Infotech IPO at a glance

ArMee Infotech Limited is bringing a Book Built Mainboard IPO worth ₹300 crore. The issue is entirely a fresh issue of 80,00,000 shares, with no Offer for Sale (OFS). The IPO is open from 23 September to 25 September 2026 and is proposed to list on the BSE and the NSE.

ArMee Infotech IPO Details

ArMee Infotech IPO Timelines

Dates are tentative and may change.

ArMee Infotech IPO GMP

GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).

About ArMee Infotech Limited

Originally incorporated as Blossom Infraspace Private Limited in February 2011 (later renamed ArMee Infotech Private Limited in 2017 and ArMee Infotech Limited in 2024), ArMee Infotech Limited is an information technology (IT) infrastructure solutions and IT managed services company based in Ahmedabad, Gujarat. It supplies, installs, integrates, and maintains IT hardware and software for clients, with a strong focus on government and public sector undertaking (PSU) projects, including deployments for schools and other public programmes.

As of 31 March 2026, more than 83.84% of its revenue came from government and PSU clients, and its operations are concentrated in Gujarat, Maharashtra, and Tamil Nadu. It has recently diversified into renewable energy, including solar engineering, procurement, and construction (EPC), solar power purchase agreements (PPAs), and battery energy storage systems (BESS), through its subsidiaries. As of 31 March 2026, it had 262 employees.

The company's promoters are Ami Ridhish Patel, Kiritkumar Chimanbhai Patel, and Ridhish Kiritbhai Patel.

What are the Key Strengths of ArMee Infotech (as stated in the RHP)

• 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 across diverse sectors.
• Experienced Board of Directors and management with extensive domain knowledge.

What the Money Will Be Used For

The IPO is entirely a fresh issue of ₹300 crore, with no Offer for Sale, so all the proceeds go to the company. It plans to use the money for the following:

What are the Company Financials of ArMee Infotech

Restated figures, in ₹ crore.

2-Yr Compound Annual Growth Rate (CAGR) is calculated from FY 2024 to FY 2026. Profit and EBITDA did not rise every year: FY 2024 was a strong year, both dipped in FY 2025, and partly recovered in FY 2026, while total borrowings fell sharply over the period.

Who Can Apply

The offer is split across investor categories as follows:

How to Apply for the ArMee Infotech IPO

You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.

1. Log in to your broker app or your bank's net banking.
2. Open the IPO section and select ArMee Infotech IPO.
3. Enter the number of lots and your bid price, or select the cut-off price.
4. Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
5. Submit the application form.
6. Approve the mandate request in your UPI app to block the funds until allotment.

How to Check Allotment Status

The basis of allotment is expected to be finalised on 28 September 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.

• On the registrar's website, Cameo Corporate Services, at the IPO status page.
• On the BSE or NSE website under the IPO allotment section.
• Inside your broker app, under orders or IPO history.

Key Risk Factors

The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.

• Its business operations are concentrated in Gujarat, Maharashtra, and Tamil Nadu (over 86% of revenue in FY 2026).
• It depends on orders from government and PSU clients (over 83.84% of revenue in FY 2026).
• Its in-house procurement operations for renewable energy projects expose it to certain risks.
• It is dependent on its technology partners for the hardware and software products it provides to clients.
• Most projects are awarded through a competitive bidding process, and performance depends on winning new projects.
• It derives a significant portion of revenue from a limited number of clients.
• It is required to furnish Performance Bank Guarantees (PBGs) for its contracts.
• Its diversification into renewable energy (EPC and PPAs) and retail Experience Zones exposes it to new risks.
• Its promoters have provided personal guarantees for the borrowings of the company and its subsidiary.
• It has delayed payments of employee state insurance, provident fund, and other statutory dues in the past.

Frequently Asked Questions (FAQs)

1. When does the ArMee Infotech IPO open and close?

The IPO opens on 23 September 2026 and closes on 25 September 2026.

2. What is the price band of the IPO?

The price band is ₹350 to ₹375 per share.

3. What is the lot size?

One lot is 40 shares. Applications are made in multiples of 40 shares.

4. What is the minimum investment for retail investors?

The minimum investment is ₹15,000 at the upper price band (1 lot of 40 shares).

5. When is the allotment date?

The allotment is expected to be finalised on 28 September 2026, with shares credited to demat accounts by 29 September 2026.

6. When is the listing date?

The shares are proposed to be listed on the BSE and the NSE on 30 September 2026 (tentative).

7. What does ArMee Infotech do?

It is an IT infrastructure solutions and IT managed services company focused on government and PSU projects, and has diversified into renewable energy (solar EPC, PPAs, and battery energy storage).

8. What is the GMP of the ArMee Infotech IPO?

GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.

9. Who is the registrar for the IPO?

Cameo Corporate Services is the registrar. Allotment status can be checked on its website.

Read the full Red Herring Prospectus (RHP): View the official RHP filed with SEBI and the exchanges.

Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.