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Home
InvestmentsIPOArMee Infotech IPO

ArMee Infotech IPO

Mainboard

Open Date

23 Sep 2026

Close Date

25 Sep 2026

Min Investment

₹ 14,000

Lot Size

40

Issue Size

₹ 300.00 Cr

Price Range

₹ 350 - ₹ 375

Subscribed

0.34 x
Apply Now
status

IPO Open Now.

IPO Timeline
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IPO Offer Start
23 Sep 2026
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IPO Offer Ends
25 Sep 2026
check
Allotment Finalisation
28 Sep 2026
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Refund Initialisation
29 Sep 2026
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Non-Institutional Buyers (sHNI)
29 Sep 2026
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Listing of Shares
30 Sep 2026
IPO Subscription Details as on 23 Sep 2026, 01:06 PM
Qualified Instituational Buyers (QiB)
0.93 x
Retail
0.26 x
Total
0.34 x
Non-Institutional Buyer (bHNI)
0.24 x
Non-Institutional Buyer (sHNI)
0.15 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
ArMee Infotech Limited is an Ahmedabad-headquartered IT infrastructure and IT managed services company that has diversified into Renewable Energy (EPC, PPA, and BESS) and retail Experience Zones for IT and consumer electronics. The company primarily serves Government/PSU clients, contributing ~83.84% of revenue from operations in Fiscal 2026 (₹1,39,662.61 lakhs), across sectors including education, healthcare, and public distribution. It operates 99 ongoing projects spanning IT infrastructure, IT managed services, renewable energy EPC/PPA/BESS, and two single-brand Acer Experience Zones in Ahmedabad. The company is promoted by Kiritkumar Chimanbhai Patel, Ami Ridhish Patel, and Ridhish Kiritbhai Patel, with roots tracing back to a partnership firm established in 2003.
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Founded In

2011

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CEO

-

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DRHP

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Financials of Armee Infotech IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue1,020.571,313.311,396.63
Other Income3.422.4713.47
Total Income
1,023.991,315.781,410.09
Total Expenses
960.211,262.591,349.10
Profit Before Tax63.7853.2060.99
Total Profit
50.1341.6745.47

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to utilize a portion of the Net Proceeds towards creating Fixed Deposits as collateral to fund Performance Bank Guarantee (PBG) requirements, enabling the company to bid for larger or increased number of projects, particularly in Government/PSU and Renewable Energy sectors.155
The company intends to utilize a portion of the Net Proceeds to fund incremental working capital requirements to support its growing business operations across IT Infrastructure, IT Managed Services, Renewable Energy, and Experience Zones segments.60
The company proposes to utilize a portion of the Net Proceeds towards pre-payment or repayment of certain outstanding unsecured loans and facilities, specifically targeting higher-interest borrowings to reduce financial costs and improve the debt-to-equity ratio.7
The remaining Net Proceeds (not exceeding a specified percentage of Gross Proceeds as per SEBI ICDR Regulations) will be utilized for general corporate purposes including meeting ongoing expenses, funding growth opportunities, marketing, strategic initiatives, and business development activities.-
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  • Proven Track Record in Executing Projects for Government/PSU Clients: The company has completed 116, 97, and 62 projects for Government/PSU clients in Fiscal 2026, 2025, and 2024 respectively, with revenue from Government/PSU clients at ₹32,115.39 lakhs (22.99%) in Fiscal 2026, demonstrating strong execution capability in large-scale, multi-year government contracts.
  • Consistent Track Record of Financial Performance: The company has demonstrated sustained revenue growth from ₹1,02,057.47 lakhs (Fiscal 2024) to ₹1,39,662.61 lakhs (Fiscal 2026), with EBITDA improving to ₹7,563.77 lakhs and PAT of ₹4,546.65 lakhs in Fiscal 2026, reflecting a strong and improving balance sheet.
  • Ability to Service Clients and Projects Across Diverse Sectors: The company is sector-agnostic, having served clients in education, healthcare, public distribution, rural development, and science & technology, while also expanding into Renewable Energy EPC/PPA/BESS and Experience Zones, enabling risk mitigation across economic cycles.
  • Experienced Board of Directors and Management with Extensive Domain Knowledge: The company's promoters, Kiritkumar Chimanbhai Patel and Ami Ridhish Patel, bring over two decades of industry experience since inception, supported by senior management with expertise in IT and renewable energy sectors, providing a significant competitive advantage.

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