ArMee Infotech came to market through an IPO that opened on 23 September 2026 and closed on 25 September 2026, and the shares listed on 30 September 2026 on BSE, NSE. The price band was ₹350 to ₹375 per share and one lot was 40 shares, so the minimum application was ₹15,000. The issue size was ₹300 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹375, flat against the issue price of ₹375. Cameo Corporate Services Ltd. was the registrar to the issue, and Khandwala Securities Ltd., Saffron Capital Advisors Pvt.Ltd were the lead managers.
As of 25 September 2026.
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Overall the issue was subscribed 2.62 times.
ArMee Infotech Limited (AIL), founded in 2003, has its head office at Ahmedabad, Gujarat. It is an IT Infrastructure Solutions & Managed Services organization that is associated with the ArMee Group. The company is involved in offering end-to-end technology solutions in the government sector, corporates, BFSI sector, banks, and education. Additionally, ArMee Infotech has diversified into retail sales and renewable energy to grow its business beyond its IT services.
As of June 30, 2026, in the 99 ongoing projects of the company, 74 projects are in the state of Gujarat, 11 projects in Maharashtra, two in Bihar, two in Andhra Pradesh, two in Uttar Pradesh, two in Madhya Pradesh and two in Rajasthan; one in Telangana, one in Tamil Nadu, one in Uttarakhand, and one in New Delhi.
As of June 30, 2026, ArMee Infotech Limited had 263 employees, out of which 219 are technical manpower that are skilled and semi-skilled. In addition, ArMee Infotech Limited engaged 1,648 people in contractual employment as of June 30, 2026.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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ArMee Infotech Limited finalised its anchor investor allocation on September 22, 2026, raising ₹39.94 crore from 4 institutional investors at an anchor price of ₹375 per share. The anchor book comprises 10,65,000 equity shares, with no participation from domestic mutual funds, life insurance companies, or pension funds.
Abundantia Capital VCC – Abundantia Capital III led the allocation with 49.93%, followed by Vikasa India EIF I Fund – Incube Global Opportunities at 25.03%, and AMITSG Ventures Fund and VBCUBE Ventures Trust – VBCUBE Ventures Fund II, each at 12.52%.
Ami Ridhish Patel, Kiritkumar Chimanbhai Patel, Ridhish Kiritbhai Patel.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
ArMee Infotech IPO was a ₹300 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹350–₹375 per share with a lot size of 40 shares (₹15,000). The IPO was open from September 23 to September 25, 2026 and was subscribed 2.62x. Shares listed on BSE and NSE on September 30, 2026 at ₹375, in line with the issue price of ₹375. Cameo Corporate Services Ltd. is the registrar. Khandwala Securities Ltd.
and Saffron Capital Advisors Pvt. Ltd. are the book running lead managers.
The price band of ArMee Infotech IPO is ₹350 to ₹375 per share.
The lot size of ArMee Infotech IPO is 40 shares.
The minimum investment for ArMee Infotech IPO is approximately ₹15,000 based on the upper price band.
The allotment date of ArMee Infotech IPO is Sep 28, 2026.
No GMP quote could be verified as recorded before ArMee Infotech IPO listed. A grey-market observation of ₹4 per share was recorded on 30 Sep 2026, 7:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹375. GMP is unofficial and does not forecast or guarantee the actual listing price.
ArMee Infotech IPO listed on Sep 30, 2026. It was issued at ₹375.0(NSE) and is currently around ₹281.75 as on 30-Oct-2026 3:30 PM, which is approximately -24.9% versus issue price. The 52-week high is ₹375.00.
You can check ArMee Infotech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the ArMee Infotech IPO allotment status on Rupix for quick and easy access.
₹350 to ₹375 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 40 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹15,000.
₹15,000, for one lot of 40 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 September 2026 and closed on 25 September 2026.
The basis of allotment was published on 28 September 2026 by Cameo Corporate Services Ltd., and allotted shares were credited to demat accounts before listing.
The shares listed on 30 September 2026 on BSE, NSE, opening at ₹375.
The issue size was ₹300 crore. The fresh issue was 80,00,000 shares (aggregating up to ₹300 crore).
It listed at ₹375 against an issue price of ₹375, a gain of 0 percent on listing day.