ArMee Infotech IPO
IT - Software • ₹300cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Heavy dependence on government or PSU customers
- Business operations are heavily concentrated in Gujarat, Maharashtra, and Tamil Nadu.
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹350-375
Lot Size
40 shares
Issue Size
₹300cr
Open
23 Sept 2026
Close
25 Sept 2026
Subscription
2.41×
GMP +₹6 → est. ₹381
IPO Schedule
| Issue Open Date | 23 Sept 2026 |
| Issue Close Date | 25 Sept 2026 |
| Allotment Date | 28 Sept 2026 |
| Listing Date | 30 Sept 2026 |
About ArMee Infotech
ArMee Infotech is an Indian IT services and systems integration company. It provides hardware supply, installation, and managed IT services (like technical support and maintenance) to government and private clients. Seeking new growth, the company has also expanded into the renewable energy sector through solar EPC contracts and power purchase agreements. Most of its business is secured through direct orders and competitive government bidding. 
Company Details
Founders / Promoters
Mr Ridhish K. Patel
Founded
2011
Registrar
CAMEO
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Grey Market Premium (GMP)
Issue Price
₹375
GMP
+₹6
Est. Listing
₹381
Est. Gain
+1.6%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
ArMee Infotech — IPOFins Verdict
QuantitativeDriven by QIB demand at 3.0x and elevated disclosed risk (7/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Established track record in delivering multi-location IT infrastructure projects.
- Geographically diversified presence across 14 Indian states.
- Expansion into high-growth segments like solar EPC, PPAs, and BESS.
- Experienced management team with over two decades of industry experience.
- Long-standing vendor relationships with major technology partners and OEMs.
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score 0
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of ArMee Infotech IPO?
The price band is ₹350-375 per share with a lot size of 40 shares. Minimum investment: ₹15,000.
What does ArMee Infotech do?
ArMee Infotech is an Indian IT services and systems integration company. It provides hardware supply, installation, and managed IT services (like technical support and maintenance) to government and private clients. Seeking new growth, the company has also expanded into the renewable energy sector through solar EPC contracts and power purchase agreements. Most of its business is secured through direct orders and competitive government bidding. 
Should I apply for ArMee Infotech IPO?
ArMee Infotech is drawing muted interest at 2.4x overall subscription (QIB 3.0x, retail 2.4x). IPOFins Score 4/10: Driven by QIB demand at 3.0x and elevated disclosed risk (7/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded ArMee Infotech?
ArMee Infotech was founded by Mr Ridhish K. Patel in 2011.