- POSITIVE
Annual Revenue ArMee Infotech Mar-2026 Annual Revenue is Rs 1,470 Cr which is growth of 13.4% YoY.
- POSITIVE
Annual Net Profit ArMee Infotech Mar-2026 Annual Net Profit is Rs 51 Cr which is growth of 24.3% YoY.
ArMee Infotech was incorporated on February 8, 2011. The company provides IT infrastructure and managed services, with ventures in retail sales of electronics, gaming products, and renewable energy through solar EPC and PPAs. Headquartered in Ahmedabad, it primarily serves government and PSU projects across industries
| Bidding Dates |
|---|
| 23 Sep 2026 - 25 Sep 2026 |
| Subscription |
|---|
| 2.44x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,000 | 1 | 13 | 40 | 8.0 M | ₹350 - ₹375 | 69.35 % | ₹2,800.0 M - ₹3,000.0 M | RHP DOC |
ArMee Infotech IPO SUBSCRIPTION STATUS
25 Sep '26Total2.44x
Retail Individual Investor2.47x
HNI (NII) Investors2.09x
Qualified Institutional Buyers2.99x
ArMee Infotech IPO overall subscription rate was 2.44 times the total available shares
ArMee Infotech IPO retail subscription rate was 2.47 times in the retail segment
ArMee Infotech IPO non-institutional investor subscription rate was 2.09 times in the non-institutional investor category
ArMee Infotech IPO Qualified Institutional Bidder subscription rate was 2.99 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 52.5% | 22.5% | 25% |
25 Sep 2026 (Day 3) | 2.47x | 2.09x | 2.99x |
24 Sep 2026 (Day 2) | 1.35x | 0.86x | 0.94x |
23 Sep 2026 (Day 1) | 0.5x | 0.39x | 0.93x |
ArMee Infotech FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 1,396.6 | 45.5 | 12.5 | -10.2 | 5.4% |
| FY25 | 1,313.3 | 41.7 | -18.0 | -29.5 | 4.5% |
| FY24 | 1,020.6 | 50.1 | 55.2 | 53.2 | 7.0% |
ArMee Infotech IPO SUBSCRIPTION STATUS DETAILS
ArMee Infotech had 8.0 M shares on offer
ArMee Infotech IPO offer price was in the range ₹350 - ₹375
ArMee Infotech IPO minimum Investment was ₹14000
ArMee Infotech IPO issue size was ₹ 2,800.0 M - ₹ 3,000.0 M
ArMee Infotech had a minimum lot size of 40 Shares per application
ArMee Infotech NUMBER OF SHARES ON OFFER
Total8.0 M
Fresh Issue8.0 M
Offer for Sale0
Post Issue Promoter Holding %69.35 %
ArMee Infotech IPO IMPORTANT DATES
| Issue Open Date | 23 Sep 2026 |
| Issue close Date | 25 Sep 2026 |
| Allotment Date | 28 Sep 2026 |
| Refund Date | 29 Sep 2026 |
| Demat Account Credit Date | 29 Sep 2026 |
| Listing Date | 30 Sep 2026 |
| Listing on Exchange(s) | NSE and BSE |
| ArMee Infotech Allotment Status | Exchange/ Registrar |
ArMee Infotech IPO subscription opened on 23 Sep 2026, and closed on 25 Sep 2026
IPO allotment for ArMee Infotech was finalized on Monday, 28 Sep 2026
IPO listing for ArMee Infotech was on NSE and BSE on Wednesday, 30 Sep 2026
ArMee Infotech IPO LISTING GAINS
| Issue Price (adjusted) | 375.0 |
| Listing Open Price | 375.0 |
| Listing Close Price | 300.0 |
| Listing Gain% | 0.0% |
| Current Gain% | -27.3% |
ArMee Infotech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ArMee Infotech Ltd. | 272.5 | 864.7 | 19 | 2.1 | 0.6 | 25 | 4.7 | 1410.1 | 7.2 | 45.5 | 9.1 | 14.3 | 9.1 |
| Tata Consultancy Services Ltd. | 2075 | 750753.2 | 15.1 | 14.1 | 2.7 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1023.6 | 415405.2 | 13.7 | 1.2 | 2.3 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1244.8 | 337797 | 19.4 | 7.4 | 2.5 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 159.2 | 157731.1 | 11.9 | -6.6 | 1.7 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1536 | 150552.4 | 29.3 | 2.2 | 2.5 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Annual
Balance Sheet
Ratios
Cash Flow
ArMee Infotech annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
CAGR Columns
Select...
Nested row level
Base Level
Export
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
41.4% | 1,470.2 | 1,296.4 | 1,007.8 | 519.6 | 127.4 | ||
Operating Exp. Ann. | 41.4% | 1,373.9 | 1,236.4 | 936 | 485.6 | 112 | |
Operating Profit Ann. | 57.5% | 82 | 57.5 | 68.6 | 21 | 13.2 | |
OPM Ann. % | 11.2% | 5.57% | 4.44% | 6.80% | 4.05% | 10.36% | |
41.4% | 1,401.7 | 1,244 | 947 | 496.1 | 121.8 | ||
EBITDA Ann. | 41.5% | 96.3 | 60 | 71.8 | 34 | 15.4 | |
EBITDA Ann. margin % | 0.1% | 6.55% | 4.63% | 7.13% | 6.54% | 12.07% | |
Interest Ann. | 61.2% | 24.7 | 6.4 | 6.6 | 5.9 | 5.6 | |
Depr. | -12.3% | 3.1 | 1.2 | 4.5 | 4.6 | 4.3 | |
PBT Ann. | 42.8% | 68.5 | 52.4 | 60.8 | 23.5 | 5.6 | |
Tax Ann. | 64% | 17.2 | 11.2 | 13 | 3.9 | 1.6 | |
37.8% | 51.3 | 41.3 | 47.7 | 19.6 | 4 | ||
Net Profit Ann. | 37.8% | 51.3 | 41.3 | 47.7 | 19.6 | 4 | |
NPM Ann. % | -3% | 3.52% | 3.18% | 4.74% | 3.86% | 3.20% | |
EPS Adj. latest Ann. | 37.7% | 16.2 | 13 | 15 | 6.2 | 1.3 |
*All financials are in INR Cr and price data in INR
Add metric to table
Search...
Total Rev. Ann.
1Y CHG
13.4%
2Y CAGR
20.8%
3Y CAGR
41.4%
Net Profit Ann.
1Y CHG
24.2%
2Y CAGR
3.7%
3Y CAGR
37.8%
Operating Exp. Ann.
1Y CHG
11.1%
2Y CAGR
21.2%
3Y CAGR
41.4%
ArMee Infotech IPO Reports
ArMee Infotech INFORMATION ON IPO ISSUE
About ArMee Infotech
ArMee Infotech was incorporated on February 8, 2011. The company provides IT infrastructure and managed services, with ventures in retail sales of electronics, gaming products, and renewable energy through solar EPC and PPAs. Headquartered in Ahmedabad, it primarily serves government and PSU projects across industries
Object of the Issue
- Expansion of business by procuring new Government/PSU projects
- Funding their working capital requirements
- Prepayment or repayment of certain outstanding borrowings availed by the company
- General corporate purposes
ArMee Infotech - PROMOTERS
| Name |
|---|
| Ami Ridhish Patel |
| Kiritkumar Chimanbhai Patel |
| Ridhish Kiritbhai Patel |
ArMee Infotech - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ridhish Kiritbhai Patel | Chairman & Managing Director |
| Ami Ridhish Patel | Whole Time Director |
| Preet Prakashbhai Shah | Independent Director |
| Sujit Gulati | Independent Director |
| Kartik Shailesh Mehta | Independent Director |
| Vinodkumar Bhanwer Singh | Independent Director |
ArMee Infotech Book Running Lead Manager
Khandwala Securities Limited
ipo@kslindia.com
Saffron Capital Advisors Private Limited
ipos@saffronadvisor.com
ArMee Infotech Registrar to the Offer
Cameo Corporate Services Limited
priya@cameoindia.com
ArMee Infotech Strengths
Diversified clients
As an IT infrastructure and managed services company with ventures in renewable energy and retail, the company serves both government and private clients across diverse sectors. Its ability to adapt enables it to deliver tailored IT solutions for industries like education, healthcare, public distribution, and urban development
Strength
Proven Expertise
The company has a strong track record in executing IT infrastructure projects for government and PSU clients, focusing on digitizing government functions. Most projects are secured through competitive bidding, involving multi-location deployments and end-to-end IT managed services for various state departments and PSUs
Strength
ArMee Infotech Risks
Goegraphically concentrated
The company's operations are primarily concentrated in Gujarat, with over 39.72% of revenue as of September 30, 2024, derived from projects in the state. This geographic concentration may limit growth and impact business performance based on Gujarat's economic and demographic conditions
Risk
Competition
The company secures most projects through competitive bidding, making financial performance dependent on winning new bids. Failure to qualify or secure new projects could negatively impact business operations and financial stability
Risk
Bank guarantee risks
The company provides performance bank guarantees (PBGs) ranging from 3% to 10% of project value, which remain valid beyond project completion. Failure to maintain required margins for PBGs may limit the ability to secure new contracts and impact business growth
Risk
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 25.0%, the category allocation of non individual investors or high networth individuals is 22.5% and for retail investors it is 52.5%.
The price band of the IPO is Rs 350.0 - 375.0.
The IPO application opens on Sep 23, 2026 and closes on Sep 25, 2026.
The minimum lot size for the IPO is 40. The maximum lot size for the IPO is 520.
For all category investors, the minimum application amount for this IPO is Rs. 14,000.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Sep 28, 2026.
The refund will be credited to your account on Sep 29, 2026.
The allotted shares will be credited to your demat on Sep 29, 2026.
ArMee Infotech Ltd.’s shares listed on the stock exchanges on Sep 30, 2026.