ArMee Infotech IPO
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ArMee Infotech IPO details
Schedule of ArMee Infotech
| Issue open date | 23 Sep 2026 |
| Issue close date | 25 Sep 2026 |
| UPI mandate deadline | 25 Sep 2026 (5 PM) |
| Allotment finalization | 28 Sep 2026 |
| Refund initiation | 29 Sep 2026 |
| Share credit | 29 Sep 2026 |
| Listing date | 30 Sep 2026 |
| Mandate end date | 10 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 27 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 26 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About ArMee Infotech
ArMee Infotech provides systems integration, information technology infrastructure, and IT-managed services to various business, government, and institutional customers. The company offers end-to-end solutions, including the supply, installation, integration, and maintenance of hardware, software, and peripheral systems. It generates revenue primarily through two core segments: IT Infrastructure, which includes supplying hardware components alongside installation and integration services, and IT Managed Services, which offers technical manpower support, annual maintenance contracts, and skill development programs. Additionally, the company has expanded its operations into the renewable energy sector, focusing on solar engineering, procurement, and construction contracts as well as power purchase agreements. It serves clients across government departments, public sector undertakings, and private enterprises across multiple Indian states through direct procurement orders and competitive bidding portals.
Financials of ArMee Infotech
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 300 |
| Fresh Issue – Proceeds go to the company | 300 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Expansion of business by procuring new Government/PSU projects |
155 (51.67%) |
| Funding working capital requirements | 60 (20%) |
| Repayment / Prepayment of Borrowings | 6.5 (2.17%) |
| General Corporate Purposes | 78.5 (26.16%) |
Strengths
- Established track record in delivering multi-location IT infrastructure projects.
- Geographically diversified presence across 14 Indian states.
- Expansion into high-growth segments like solar EPC, PPAs, and BESS.
- Experienced management team with over two decades of industry experience.
- Long-standing vendor relationships with major technology partners and OEMs.
Risks
- Business operations are heavily concentrated in Gujarat, Maharashtra, and Tamil Nadu.
- High revenue dependence on government and public sector undertaking clients.
- Heavy reliance on top technology partners for raw materials and hardware supply.
- Declining success rate in competitive government tender bids over recent fiscal years.
- Promoters and management have limited prior experience in executing renewable energy projects.