The ArMee Infotech IPO 2026 is a Mainboard IPO scheduled to open for subscription on 23 September 2026 and close on 25 September 2026. The company plans to raise ₹300 crore through a completely fresh issue of 80 lakh equity shares. The shares are proposed to be listed on both the BSE and NSE.
ArMee Infotech IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Name | ArMee Infotech IPO |
| IPO Type | Mainboard – Book Built |
| IPO Open Date | 23 September 2026 |
| IPO Close Date | 25 September 2026 |
| Price Band | ₹350 – ₹375 per share |
| Face Value | ₹10 per share |
| Issue Size | ₹300 crore |
| Fresh Issue | ₹300 crore |
| Offer for Sale | Nil |
| Total Shares Offered | 80,00,000 shares |
| Lot Size | 40 shares |
| Minimum Investment | ₹15,000 |
| Listing | BSE & NSE |
| Allotment Date | 28 September 2026 |
| Refund | 29 September 2026 |
| Share Credit | 29 September 2026 |
| Tentative Listing Date | 30 September 2026 |
| Lead Manager | Khandwala Securities Ltd. |
| Registrar | Cameo Corporate Services Ltd. |
At the upper price band of ₹375, one lot of 40 shares requires an investment of ₹15,000.
What Does ArMee Infotech Do?
ArMee Infotech Limited is an Ahmedabad-based technology company that provides IT infrastructure solutions, systems integration and managed IT services. The company serves business, government and institutional customers and has also expanded into areas including retail and renewable energy.
Its technology-related activities include IT infrastructure implementation, technical manpower, maintenance and managed services. The company has also entered renewable-energy activities such as solar EPC, solar projects and battery energy storage systems.
ArMee Infotech IPO – Fresh Issue
The entire ₹300 crore IPO is a fresh issue, meaning there is no Offer for Sale (OFS) component. The company will receive the gross proceeds from the fresh issue before applicable issue expenses.
The funds are intended to support the company's stated business objectives, including expansion of its operations and requirements related to its technology and renewable-energy businesses.
ArMee Infotech IPO GMP Today
The ArMee Infotech IPO GMP is an unofficial grey-market indicator and can change frequently before listing. One current tracker reported GMP around ₹12 on 22 September 2026, while other sources have shown different readings. Therefore, GMP should be treated only as an indicative market signal and not as a guaranteed listing price.
ArMee Infotech IPO Timeline
- IPO Opens: 23 September 2026
- IPO Closes: 25 September 2026
- Allotment: 28 September 2026
- Refund Initiation: 29 September 2026
- Shares Credited: 29 September 2026
- Listing: 30 September 2026
These dates are tentative and may change according to the final issue schedule.
ArMee Infotech IPO – Lot Size & Investment
The IPO lot size is 40 shares. At the upper price band of ₹375, the minimum retail application for one lot is:
40 × ₹375 = ₹15,000
Retail investors can apply for up to 13 lots, or 520 shares, subject to the applicable IPO rules.
About Company
ArMee Infotech Limited (AIL) was originally incorporated as Blossom Infraspace Private Limited on February 8, 2011 under the Companies Act, 1956. In March 2017, the Company was admitted into the partnership firm M/s Armee Infotech, whose business was subsequently transferred to the Company upon dissolution of the partnership. The Company was renamed ArMee Infotech Private Limited in April 2017 and was later converted into a public limited company and renamed ArMee Infotech Limited in April 2024.
As an integral part of the ArMee Group, the Company operates as an IT infrastructure and system integrator, with a core focus on Government, Corporate, BFSI and Education projects across IT, AVSI and allied digitization services. Headquartered in Ahmedabad, Gujarat, the Company has expanded its presence to 14+ locations across India, enabling service and support across different client locations.
The Company is a sector-agnostic IT infrastructure solutions and managed services provider, serving both government/PSU and private-sector clients, with a strong focus on government and PSU projects. Its IT infrastructure portfolio includes supply, installation and integration of IT hardware and software, including computers, servers and interactive panels, along with ICT labs, smart classes, digital infrastructure for public distribution systems, mobile workforce management and digitalization of primary agriculture credit societies.
The Company also provides IT managed services, including technical manpower, skill development training and annual maintenance services. Its employees provide on-site and off-site operational support under relevant contracts and service level agreements, with payments made as per agreed contractual terms.
Certain project activities such as site preparation, electrification, installation, commissioning and maintenance are undertaken through third-party service providers, including ArMee Technology Services Private Limited (ATSPL), the Company’s wholly-owned subsidiary.
Strengths
Diversified Sector & Project Expertise: The Company serves Government/PSUs and private-sector clients across education, healthcare, public distribution, rural & urban development, science & technology and other sectors. It has also expanded into Renewable Energy EPC, PPA, BESS projects and Experience Zones.
Experienced Management Team: Promoters Kiritkumar Chimanbhai Patel and Ami Ridhish Patel have been associated with the Company since inception with 20+ years of experience, while Ridhish Kiritbhai Patel has over a decade of experience with the Company.
Strong Government & PSU Execution Track Record: The Company has completed 116 projects in FY2026, 97 in FY2025 and 62 in FY2024 for Government and PSU clients, demonstrating its project execution capabilities.
Risk Factors
Renewable Energy Procurement & Construction Risk: In-house procurement for renewable energy projects exposes the Company to supplier warranty defaults and unexpected expenses, as well as construction cost risks arising from project execution factors.
Limited Experience in Renewable Energy Business: Renewable Energy EPC and PPA are relatively new business areas for the Company. Its promoters and senior management have limited prior experience in solar EPC, solar PPAs and renewable energy project development, which involve regulatory, financial, technological and execution complexities.
Performance Bank Guarantee (PBG) Risk: The Company is required to provide PBGs generally ranging from 3% to 10% of project value for Government/PSU projects. Inability to arrange or maintain required margins, or invocation of guarantees, may affect cash flows and the ability to bid for and secure new projects.
ArMee Infotech IPO – Business Highlights
Some key areas associated with the company's business include:
- IT infrastructure solutions
- Systems integration
- IT managed services
- Technical manpower and maintenance
- Government and institutional technology projects
- Solar EPC and renewable-energy projects
- Battery Energy Storage Systems (BESS)
- Retail technology and electronics through Experience Zones
ArMee Infotech IPO – FAQs
What is the ArMee Infotech IPO price band?
The price band is ₹350 to ₹375 per equity share.
When will ArMee Infotech IPO open?
The IPO opens on 23 September 2026 and closes on 25 September 2026.
What is the ArMee Infotech IPO lot size?
The lot size is 40 shares.
What is the minimum investment in ArMee Infotech IPO?
At the upper price band of ₹375, the minimum investment for one lot is ₹15,000.
What is the ArMee Infotech IPO issue size?
The total issue size is ₹300 crore, consisting entirely of a fresh issue.
Where will ArMee Infotech shares be listed?
The shares are proposed to be listed on both BSE and NSE.
What is ArMee Infotech IPO GMP?
GMP is an unofficial grey-market indicator. Current trackers have reported varying GMP figures, so investors should check the latest data and should not treat GMP as a guaranteed listing gain.
When is the ArMee Infotech IPO listing date?
The tentative listing date is 30 September 2026.
Conclusion
The ArMee Infotech IPO 2026 is a ₹300 crore Mainboard IPO comprising entirely of a fresh issue. The company operates in IT infrastructure and managed services and has expanded into renewable energy and other business areas. Investors should review the company's RHP, financial performance, valuation, risks and latest IPO updates before making an investment decision.