Arrmee Infotech Ltd. IPO Details
Arrmee Infotech was originally incorporated on February 8, 2011. The company is an IT Infrastructure solutions and IT managed services provider headquartered in Ahmedabad, Gujarat.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹2,500.0 M | DRHP DOC |
Arrmee Infotech Ltd. issue details
Arrmee Infotech Ltd. IPO issue size is ₹ 2,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Arrmee Infotech Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Arrmee Infotech Ltd. NUMBER OF SHARES ON OFFER
Arrmee Infotech Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 249.6 | 5,601.8 | 77.6 | 59.3 | 6.5% |
| FY23 | 165.7 | 5,027.0 | -67.8 | -71.2 | 3.4% |
| FY22 | 33.6 | 1,251.8 | -21.7 | -5.5 | 9.8% |
| FY21 | 37.3 | 1,050.5 | -76.0 | -87.2 | 10.8% |
Arrmee Infotech Ltd. INFORMATION ON IPO ISSUE
About Arrmee Infotech Ltd.
Arrmee Infotech was originally incorporated on February 8, 2011. The company is an IT Infrastructure solutions and IT managed services provider headquartered in Ahmedabad, Gujarat.
Object of the Issue
- Augmentation of working capital requirements of the company.
- Prepayment or repayment of certain outstanding borrowings availed by the company.
- General corporate purposes.
Arrmee Infotech Ltd. - PROMOTERS
| Name |
|---|
| Ami Ridhish Patel |
| Kiritkumar Chimanbhai Patel |
| Ridhish Kiritbhai Patel |
Arrmee Infotech Ltd. Book running lead manager
Khandwala Securities Limited
ipo@kslindia.com
Saffron Capital Advisors Private Limited
ipos@saffronadvisor.com
Arrmee Infotech Ltd. Registrar to the offer
Cameo Corporate Services Limited
priya@cameoindia.com
Arrmee Infotech Ltd. Strengths
Proven track record
The company has a proven track record in executing projects for government and PSU clients. For nine months ended December 31, 2023, fiscals 2023, 2022, and 2021, it has serviced and completed 5, 36, 36, and 28 projects, respectively, for government and PSU clients
Ability to service IT Infrastructure solutions
As an IT Infrastructure and IT managed services company, it is sector agnostic and has serviced a wide variety of projects for both government/PSUs and private sector clients. The company's strength lies in being able to provide IT Infrastructure and IT-managed services to clients engaged in diverse sectors
financial performance
The Company's revenue from operations and net profit increased at a CAGR of 118.75% and 110.91%, respectively, from FY21-23
Arrmee Infotech Ltd. Risks
Dependent on Technology Partners
The company is dependent on its technology partners for various hardware and software products provided to the clients. The failure of the technology partners to deliver these products in the necessary quantities, on time or to meet specified quality standards or technical specifications, could adversely affect the business and its ability to deliver orders on time
Competitive bidding process
Most projects that the company operates have been awarded primarily through a competitive bidding process and its financial performance is largely dependent on the successful bidding for new projects. The company may not always be able to qualify for, compete and win projects
Geographicaly concentrated
Most of the company's business operations are concentrated in the state of Gujarat. Due to this geographic concentration of its business operations, the results of operations and growth might be restricted to the economic and demographic conditions of Gujarat
IPO FAQs
The promoters of the company are Ami Ridhish Patel, Kiritkumar Chimanbhai Patel and Ridhish Kiritbhai Patel.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.