BSE List Price : ₹368.00

NSE List Price : ₹375.00

Subscription

Category	Times
QIBs	3.2X
HNIs	2.24X
Retail	2.62X
Total : 2.62X

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	40	₹15,000
Retail Maximum	13	520	₹195,000
S-HNI Minimum	14	560	₹210,000
S-HNI Maximum	66	2,640	₹990,000
B-HNI Minimum	67	2,680	₹1,005,000

About the Company

ArMee Infotech Limited is an Ahmedabad-based IT infrastructure and managed services company, established in 2003. The company provides end-to-end IT infrastructure solutions, IT managed services and has expanded into renewable energy and retail through Experience Zones. Its clients include Government departments, PSUs and private-sector organisations across various sectors.

Products & Services
• IT Infrastructure & System Integration
• IT Managed Services
• Solar EPC, PPA & BESS Solutions
• IT & Consumer Electronics Retail
• ICT Labs & Smart Classrooms
• IT Consulting & Facility Management

Products & Services

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹1023.99	₹960.21	₹50.13	₹673.50
2025	₹1315.78	₹1.262.59	₹41.67	₹828.54
2026	₹1410.09	₹1.349.10	₹45.47	₹958.87

Company Promoter

Ami Ridhish Patel

Kiritkumar Chimanbhai Patel

Ridhish Kiritbhai Patel

Know before investing

• • Strengths

  Government & PSU Project Experience: Proven track record of executing IT infrastructure and managed-service projects for Government and PSU clients.

  Diversified Service Portfolio: Operates across IT infrastructure, managed services, renewable energy and retail.

  Large Project Portfolio: As of June 30, 2026, the company had 99 ongoing projects across IT infrastructure, managed services and renewable energy.

  Experienced Management: Promoters and management have extensive experience in IT infrastructure and project execution.

  Multi-Sector Presence: Serves sectors including education, healthcare, public distribution, rural and urban development, science and technology.

• • Risks

  Geographical Concentration: More than 86% of revenue in FY26 came from projects executed in Gujarat, Maharashtra and Tamil Nadu.

  Government/PSU Dependence: More than 83.84% of revenue in FY26 was recognised from Government/PSU clients and projects where the end users were Government/PSU clients.

  Tender Success Risk: Bid success rate declined from 30.91% in FY24 to 24.57% in FY25 and 19.48% in FY26.

  Receivable Risk: Delays in collecting receivables from Government and PSU clients may affect cash flows.

  Supplier Risk: Suppliers involved in renewable-energy projects may create additional costs if they fail to meet warranty obligations.

  Regulatory Risk: Government projects are subject to mandatory inspections and compliance requirements.

Objects of the Issue & Utilisation of proceeds

Expansion through Government/PSU Projects: 155 crore

Working Capital Requirements: 60 crore

Capital Expenditure: 60 crore

Repayment / Pre-payment of Borrowings: 8.99 crore

General Corporate Purposes: Balance amount

Company Address

ArMee Infotech Ltd.
ArMee House, 17, Goyal Intercity,
Goyal Intercity Row
House Thaltej Thaltej Road,
Ahmedabad, Gujarat, 380054
Phone: 91 79 4911 4911
Email: cs@armeeinfotech.com
Website: https://www.armeeinfotech.com/

IPO Registrar

Cameo Corporate Services Ltd.
Phone: 044-28460390/28460391/28460392
Email: ArMee@cameoindia.com
Website: https://ipo.cameoindia.com/