ArMee Infotech Limited IPO
23 Sept 2026 – 25 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹253.95
- H
- ₹278.8
- L
- ₹253.9
- C
- ₹271.05
4 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹350 – ₹375
- Lot Size
- 40 shares
- Min Investment
- ₹15,000 (1 lot · 40 shares)
- Face Value
- ₹10
- Fresh Issue
- ₹300 Cr (to the company)
- Issue Size
- Initial Public offering comprising of fresh issue aggregating up to Rs. 30,000 Lakhs (including Anchor portion of 10,65,000 Equity Shares)
- Registrar
- Cameo Corporate Services Limited ↗
Timetable
GMP History
Latest GMP ₹6 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 29 Sept | ₹6 | +1.6% | — | ₹381 | |
| 28 Sept | ₹6 | +1.6% | −₹2 | ₹381 | |
| 27 Sept | ₹8 | +2.1% | — | ₹383 | |
| 26 Sept | ₹8 | +2.1% | — | ₹383 | |
| 25 Sept | ₹8 | +2.1% | −₹12 | ₹383 | |
| 24 Sept | ₹20 | +5.3% | −₹31 | ₹395 | |
| 23 Sept | ₹51 | +13.6% | +₹39 | ₹426 | |
| 22 Sept | ₹12 | +3.2% | +₹11 | ₹387 | |
| 21 Sept | ₹1 | +0.3% | — | ₹376 |
Subscription
Category-wise bidding
| Category | Offered | Bid for | Times |
|---|---|---|---|
| QIB | 10,01,78413.5% | 9,45,720 | 0.94x |
| NII / HNI | 19,28,57226.0% | 28,89,880 | 1.5x |
| bNII · bids above ₹10L | 12,85,71517.3% | 13,26,240 | 1.03x |
| sNII · bids ₹2L–₹10L | 6,42,8578.7% | 15,63,640 | 2.43x |
| Retail | 45,00,00060.6% | 64,19,720 | 1.43x |
Bids received on NSE, as at 25-Sep-2026 19:00:49 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 25 Sept | — | — | — | 1.38x |
| 24 Sept | 0.94x | 0.86x | 1.35x | 1.17x |
| 23 Sept | 0.93x | 0.39x | 0.50x | 0.53x |
Financials
All values in ₹ crore
About ArMee Infotech
ArMee Infotech Limited (AIL), founded in 2003, is an IT infrastructure solutions and managed services company based in Ahmedabad, Gujarat. As part of the ArMee Group, the company provides end-to-end IT solutions across various sectors, including government, corporate, banking, financial services, insurance (BFSI), and education. Key Business Areas: IT Infrastructure: Provides IT hardware, software, installation, integration, and maintenance services. IT Managed Services: Offers technical manpower, skill development training, and annual maintenance services. Retail Sales: Operates Experience Zones for IT, consumer electronics, and gaming products. Renewable Energy: Engaged in solar EPC projects and power purchase agreements (PPAs). As of September 30, 2024, the company had 20 ongoing projects, with 11 under the IT infrastructure category and 9 under IT managed services. Additionally, there were 183 projects where contractual obligations for execution and full payment were completed, but the warranty period was still active. Among the 20 ongoing projects, 13 were located in Gujarat, four in Maharashtra, and one each in Madhya Pradesh, Uttarakhand, and Bihar. Gujarat contributed 39.72% of the company's revenue from operations as of September 30, 2024. As of the same date, ArMee Infotech Limited had a workforce of 1,772 employees.
As published in the company's own offer documents.
Strengths
- Proven track record in executing projects for Government / PSU clients
- Consistent track record of financial performance
- Ability to service clients and projects across diverse sectors
- Experienced Board of Directors and management with extensive domain knowledge
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Khandwala Securities Limited
- Saffron Capital Advisors Private Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 40 | ₹15,000 |
| Retail (max)most that stays under ₹2L | 13 | 520 | ₹1,95,000 |
| S-HNI (min)first bid over ₹2L | 14 | 560 | ₹2,10,000 |
| S-HNI (max)most that stays under ₹10L | 66 | 2,640 | ₹9,90,000 |
| B-HNI (min)first bid over ₹10L | 67 | 2,680 | ₹10,05,000 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Minimum Order
- 40 Equity Shares
- Categories
- FI, IC, MF, FII, OTH, CO, IND, and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (Retail)
- Rs. 2,00,000
- Max Bid (QIB)
- 74,30,320 Equity Shares in multiple of 40 Equity Shares (Calculated at Lower end price band)
- Max Bid (NII)
- 64,28,560 Equity Shares in multiple of 40 Equity Shares (Calculated at Lower end price band)
- Tick Size
- Re. 1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m.
- UPI Mandate Cut-off
- 25-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
- Sponsor Bank
- ICICI Bank Limited
Registrar
- Name
- Cameo Corporate Services Limited
- Address
- Subramanian Building, No. 01, Club House Road, Chennai, Tamil Nadu 600002, India
- Contact
- K. Sreepriya, +91 44 4002 0700, priya@cameoindia.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Bidding CentresWhere a physical form can be handed inPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of ArMee Infotech Limited IPO today?
The latest grey market premium for ArMee Infotech Limited IPO is ₹6. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of ArMee Infotech Limited IPO?
The price band is ₹350 – ₹375, with a lot size of 40 shares. The minimum investment is ₹15,000.
When does ArMee Infotech Limited IPO open and close?
The issue opens on 23 Sept 2026 and closes on 25 Sept 2026. Listing is expected on 30 Sept 2026.
Who is the registrar for ArMee Infotech Limited IPO?
Cameo Corporate Services Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.