ArMee Infotech IPO
UpcomingAlready have an account? Apply now
About ArMee Infotech
Armee Infotech is an IT solutions and services company, primarily focused on Government and PSU clients. Founded in 2003, the company offers services across IT infrastructure, managed services, and renewable energy EPC projects. It is also expanding into retail through Experience Zones to distribute consumer electronics.
The company operates across multiple Indian states with a significant concentration of projects in Gujarat. Armee Infotech works extensively through Government tenders and procurement platforms and is subject to project-based working capital cycles.
Financials of ArMee Infotech
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹300 crores |
| Fresh Issue | ₹300 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Expansion of business by procuring new Government/PSU projects | 155(51.67%) |
| Capital expenditure | 60 (20%) |
| Repayment/prepayment of outstanding borrowings | 8.99(3%) |
| General corporate purposes | (not exceeding 25% of gross proceeds) |
Strengths
- Proven success in Government and PSU project execution
- Consistent financial performance over the years
- Serving clients across multiple industry sectors
- Experienced board of directors and management team
Risks
- Heavy reliance on Gujarat projects limits geographic revenue diversification.
- Government client reliance poses significant revenue concentration risk.
- High dependence on few tech partners for key supplies
- Limited experience in solar EPC and retail diversification
- Future growth tied to uncertain tender wins and PBGs