ArMee Infotech Limited
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ArMee Infotech Limited's's journey to the public markets continues with its planned IPO raising 80,00,000 Shares in total capital. The fresh issue component of 80,00,000 Shares will support strategic initiatives.
The company has announced a competitive price band of ₹350 to ₹375, with the minimum investment quantum set at 40 shares. This pricing strategy aims to optimize investor response while ensuring fair value realization.
The subscription window will be active between Sep 23, 2026 and Sep 25, 2026. Following the bidding process, allotment will be announced on Sep 28, 2026, with trading commencement targeted for Sep 30, 2026 on the NSE, BSEplatform.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
ArMee Infotech Limited (AIL), founded in 2003 and based in Ahmedabad, is an IT infrastructure solutions and managed services company offering end-to-end IT services across sectors like government, corporate, BFSI, and education; as part of the ArMee Group, it operates in key areas such as IT infrastructure (including hardware, software, installation, and maintenance), IT managed services (technical manpower, training, and AMC services), retail sales through experience zones for electronics and gaming, and renewable energy through solar EPC projects and power purchase agreements. As of September 30, 2024, the company had 20 ongoing projects and 183 completed projects under warranty, with a strong presence mainly in Gujarat along with operations in Maharashtra and other states, and a workforce of 1,772 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Diversified Sector & Project Expertise: The company works with Government/PSUs and private-sector clients across education, healthcare, public distribution, rural and urban development, science and 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 its inception and bring over 20 years of experience. Ridhish Kiritbhai Patel has more than 10 years of experience with the company.
- Strong Government & PSU Execution Track Record: The company completed 116 projects in FY2026, 97 in FY2025 and 62 in FY2024 for Government and PSU clients, demonstrating its experience in executing projects across different sectors.
- Renewable Energy Procurement & Construction Risk: The company handles procurement for renewable energy projects, exposing it to supplier warranty issues, unexpected costs and construction-related risks. Delays or higher project costs could affect profitability and project execution.
- Limited Experience in Renewable Energy Business: Renewable Energy EPC and PPA are relatively new areas for the company. Its promoters and senior management have limited experience in solar EPC, solar PPAs and renewable energy development, which may involve regulatory, financial, technological and execution challenges.
- Performance Bank Guarantee (PBG) Risk: The company generally needs to provide PBGs of 3% to 10% of project value for Government/PSU projects. Difficulty in arranging required margins or invocation of guarantees could impact cash flows and its ability to secure new projects.
- Ami Ridhish Patel
- Kiritkumar Chimanbhai Patel
- Ridhish Kiritbhai Patel
ArMee Infotech Limited
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