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The ArMee Infotech IPO comprised an entirely fresh issue of 80 lakh equity shares aggregating to Rs 300 crore, with no offer-for-sale (OFS) component. The public issue opened for subscription on September 23, 2026, and closed on September 25, 2026. The IPO was subscribed 2.62 times overall. The retail portion was subscribed 2.65 times, while the qualified institutional buyer (QIB) category, excluding the anchor portion, was subscribed 3.20 times. The non-institutional investor (NII) category received 2.24 times subscription. The company had fixed the IPO price band at Rs 350-375 per share, with a lot size of 40 shares. At the upper end of the price band, retail investors were required to invest a minimum of Rs 15,000 for one lot. The basis of allotment was finalised on September 28, while the company’s shares are scheduled to list on both the NSE and BSE on September 30. Khandwala Securities Ltd. and Saffron Capital Advisors Pvt. Ltd. are the book-running lead managers for the issue, while Cameo Corporate Services Ltd. is the registrar. ArMee Infotech GMP today ArMee Infotech IPO is currently commanding a grey market premium (GMP) of Rs 6, or around 1%, over the upper price band of Rs 375 per share. Based on the prevailing GMP, the estimated listing price is around Rs 381 per share. The GMP is an unofficial indicator of market sentiment and should not be considered a guarantee of the actual listing price. IPO proceeds According to the company, the net proceeds from the IPO will be used for business expansion, working capital requirements, repayment or prepayment of certain borrowings and general corporate purposes. The company has earmarked Rs 155 crore towards business expansion through the procurement of new government and public sector undertaking (PSU) projects. Another Rs 60 crore will be used to meet working capital requirements, while Rs 6.50 crore has been allocated for the prepayment or repayment of certain outstanding borrowings. The remaining proceeds will be utilised for general corporate purposes. ArMee Infotech financial performance ArMee Infotech reported an improvement in both revenue and profit in FY26 compared with FY25. Total income rose from Rs 1,316 crore in FY25 to Rs 1,410 crore in FY26, representing growth of around 7%. Profit after tax (PAT) increased from Rs 42 crore in FY25 to Rs 45 crore in FY26, registering growth of around 9%. About ArMee Infotech Founded in 2003 and headquartered in Ahmedabad, Gujarat, ArMee Infotech Ltd. is an IT infrastructure solutions and managed services company. As part of the ArMee Group, the company provides end-to-end technology solutions to clients 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 operations beyond its core IT infrastructure and managed services business. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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