ArMee Infotech Launches Rs 300 Crore IPO
ArMee Infotech, a Gujarat-based provider of IT infrastructure and services, is set to open its maiden public issue on September 23. The initial public offering (IPO) is valued at Rs 300 crore and consists entirely of a fresh issue of shares. This launch positions ArMee Infotech as the third mainboard IPO to open in the coming week, joining Varmora Granito and A-One Steels India.
The anchor book for the issue will open for a single day on September 22. Public subscription will close on September 25, with share allotment expected to be finalized by September 28. Trading of ArMee Infotech shares on the stock exchange is anticipated to commence on September 30.
Business Segments and Revenue Mix
ArMee Infotech operates across three primary verticals: IT infrastructure, IT managed services, and renewable energy. In the IT infrastructure segment, the company supplies hardware such as computers, servers, and interactive panels, along with software solutions. It also handles the installation, integration, and maintenance of these systems.
The IT managed services division offers technical manpower, skill-development training, and annual maintenance contracts. Additionally, the company is active in the renewable energy sector, providing engineering, procurement, and construction (EPC) services for solar power projects. It also develops solar projects under power purchase agreements (PPAs) and undertakes Battery Energy Storage System (BESS) projects.
Financial data for the fiscal year ended March 2026 (FY26) indicates that the IT infrastructure segment was the dominant revenue driver, contributing nearly 86 percent of total revenue. IT managed services accounted for more than 5 percent, while the renewable energy EPC segment contributed approximately 9 percent.
Financial Performance and Use of Proceeds
For FY26, ArMee Infotech reported a 6.3 percent increase in revenue, reaching Rs 1,396.6 crore from Rs 1,313.3 crore in the previous year. Net profit grew by 9.1 percent to Rs 45.5 crore, up from Rs 41.7 crore in FY25.
The company intends to utilize the net proceeds from the fresh issue for specific corporate objectives. Rs 155 crore will be allocated to secure performance bank guarantees (PBGs) to support business expansion. An additional Rs 60 crore is designated for working capital requirements. A further Rs 6.5 crore will be used to repay existing debt, with the remaining proceeds earmarked for general corporate purposes.
As of June 2026, the company’s total outstanding borrowings stood at Rs 318.54 crore. Khandwala Securities and Saffron Capital Advisors have been appointed as merchant bankers for the IPO. The company filed its draft red herring prospectus (DRHP) in September 2025, and the Securities and Exchange Board of India (SEBI) approved the document in February 2026.