ArMee Infotech IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Day-wise Subscription (times subscribed)
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 1,023.99 | 1,315.78 | 1,410.09 |
| Expense | 960.21 | - | - |
| Profit (PAT) | 50.13 | 41.67 | 45.47 |
| Total Assets | 673.50 | 828.54 | 958.87 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Dynacons Systems & Solutions Limited | 66.64 | 16.41 | 26.90 | 247.54 | 1,424.28 Cr |
| Orient Technologies Limited | 1.00 | 243.15 | 1.36 | 73.44 | 869.55 Cr |
| KPI Green Energy Limited | 24.13 | 12.77 | 16.14 | 159.86 | 2,695.91 Cr |
| Oriana Power Limited (SME Board) | 124.19 | 9.62 | 32.72 | 379.55 | 1,813.67 Cr |
Promoters & Holding Pattern
Promoters: Ami Ridhish Patel, Kiritkumar Chimanbhai Patel, Ridhish Kiritbhai Patel
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 2,20,04,214 | 92.72% |
| Promoter Holding Post Issue | – | 0.00% |
Strengths & Risks
- Strong institutional (QIB) demand — 3.2x.
- Strong return on equity — 29%.
Our data checks haven't flagged a specific concern for ArMee Infotech — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About ArMee Infotech
Founded in 2003 and headquartered in Ahmedabad, Gujarat, ArMee Infotech Limited (AIL) is an IT infrastructure solutions and managed services company. As part of the ArMee Group, the company provides end-to-end technology solutions across sectors including government, corporates, banking, financial services and insurance (BFSI), and education. The company has also diversified into retail sales and renewable energy, expanding its business beyond its core IT services. Services - IT Infrastructure: Provides IT hardware and software, along with installation, integration, maintenance, and related support services. - IT Managed Services: Offers technical manpower, skill development and training, and annual maintenance services. - Retail Sales: Operates Experience Zones focused on IT products, consumer electronics, gaming, and related merchandise. - Renewable Energy: Undertakes solar engineering, procurement and construction (EPC) projects and develops solar power projects under Power Purchase Agreements (PPAs), along with Battery Energy Storage System (BESS) projects. As on June 30, 2026, The company have 99 Ongoing Projects out of which 65 are under IT Infrastructure category, 21 are under IT managed services category, 10 are under the Renewable Energy EPC and 1 is for Renewable Energy PPA and 2 are for Renewable Energy BESS. As of June 30, 2026, out of their 99 Ongoing Projects, 74 projects are based in the state of Gujarat, 11 in Maharashtra, 2 each in Bihar, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh and Rajasthan and 1 each is based in Telangana, Tamil Nadu, Uttarakhand, and New Delhi. As of June 30, 2026, they have 263 employees, out of which 219 are skilled and semi-skilled technical manpower engaged in the implementation and management of the various projects. In addition, as of June 30, 2026, they have engaged 1,648 employees on contractual basis. Competitive 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
Company Contact Information
ArMee House, 17, Goyal Intercity, Goyal Intercity Row House Thaltej Thaltej Road, Ahmedabad Gujarat
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Expansion of business by procuring new Government/PSU projects. | 155.00 |
| Funding working capital requirements | 60.00 |
| Prepayment or repayment of certain outstanding borrowings availed by the Company. | 6.50 |
| General Corporate Purposes | - |
Resources & Documents
Anchor Investors
ArMee Infotech IPO - Quick Take
ArMee Infotech has set a price band of Rs 350–Rs 375 per share for an issue size of Rs 300 crore. The stock listed flat against its issue price.
The issue is promoted by Ami Ridhish Patel, Kiritkumar Chimanbhai Patel, Ridhish Kiritbhai Patel with Khandwala Securities Ltd. acting as lead manager. Net proceeds will primarily be used towards expansion of business by procuring new Government/PSU projects (Rs 155 crore) and funding working capital requirements (Rs 60 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 26.17x. On fundamentals, the company is posting revenue growth of 7.2%, a profit margin of 3.2%, return on equity of 28.5% in its most recent reported period. Listed peers in this segment include Dynacons Systems & Solutions Limited (P/E 16.41x) and Orient Technologies Limited (P/E 243.15x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
ArMee Infotech IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1.6%. Of the 32 Mainboard IPOs we have tracked with a final GMP under 10%, 19 listed above, 6 flat and 7 below the issue price; ArMee Infotech listed flat.
See the full ArMee Infotech GMP history and trend, or learn how grey market premium works and how reliable it is.
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