Founded in 2003 and headquartered in Ahmedabad, Gujarat, ArMee Infotech Limited (AIL) is an IT infrastructure solutions and managed services company. As part of the ArMee Group, the company provides end-to-end technology solutions across sectors including government, corporates, banking, financial services and insurance (BFSI), and education. The company has also diversified into retail sales and renewable energy, expanding its business beyond its core IT services.
Services
- IT Infrastructure: Provides IT hardware and software, along with installation, integration, maintenance, and related support services.
- IT Managed Services: Offers technical manpower, skill development and training, and annual maintenance services.
- Retail Sales: Operates Experience Zones focused on IT products, consumer electronics, gaming, and related merchandise.
- Renewable Energy: Undertakes solar engineering, procurement and construction (EPC) projects and develops solar power projects under Power Purchase Agreements (PPAs), along with Battery Energy Storage System (BESS) projects.
As on June 30, 2026, The company have 99 Ongoing Projects out of which 65 are under IT Infrastructure category, 21 are under IT managed services category, 10 are under the Renewable Energy EPC and 1 is for Renewable Energy PPA and 2 are for Renewable Energy BESS.
As of June 30, 2026, out of their 99 Ongoing Projects, 74 projects are based in the state of Gujarat, 11 in Maharashtra, 2 each in Bihar, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh and Rajasthan and 1 each is based in Telangana, Tamil Nadu, Uttarakhand, and New Delhi.
As of June 30, 2026, they have 263 employees, out of which 219 are skilled and semi-skilled technical manpower engaged in the implementation and management of the various projects. In addition, as of June 30, 2026, they have engaged 1,648 employees on contractual basis.
Competitive Strengths:
- Proven track record in executing projects for Government / PSU clients
- Consistent track record of financial performance
- Ability to service clients and projects across diverse sectors
- Experienced Board of Directors and management with extensive domain knowledge
| Purpose | Amount (₹ Cr) |
|---|---|
| Expansion of business by procuring new Government/PSU projects. | ₹155 |
| Funding working capital requirements | ₹60 |
| Prepayment or repayment of certain outstanding borrowings availed by the Company. | ₹7 |
| General Corporate Purposes | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 959 | 829 | 674 |
| Revenue | 1,410 | 1,316 | 1,024 |
| PAT | 45 | 42 | 50 |
| EBITDA | 76 | 59 | 72 |
| Net Worth | 182 | 137 | 95 |
| Total Borrowing | 174 | 48 | 27 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 1.01 | 935,000 | 942,160 |
| NII / HNI | 0.92 | 1,800,000 | 1,648,240 |
| Retail (RII) | 1.44 | 4,200,000 | 6,027,400 |
| Total | 1.24 | 6,935,000 | 8,617,800 |
* Amount calculated at upper price band (₹375) · ** Total includes all investor categories
- 1 Initiation of Refund 29 Sep 2026
- 2 Credit of Shares to Demat 29 Sep 2026
- 3 Lock-in Period (30%) Wed, Oct 28, 2026
- 4 Lock-in Period (50%) Sun, Dec 27, 2026
- The IPO P/E of 26x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹19 compares to post-issue EPS of ₹14 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
The information on mainboardgmp.com is provided for educational and informational purposes only.
We are not a Securities and Exchange Board of India (SEBI)-registered investment advisor, analyst, broker, or financial planner. The content, data, and insights on this website, including Grey Market Premium (GMP), subscription data, IPO dates, and market information, are not intended as financial advice or recommendations to buy, sell, or hold securities.
GMP and related IPO data are collected from unofficial market sources and may not reflect actual IPO listing performance or future price movements. You should not rely solely on the information provided here to make financial or investment decisions.
Investing in IPOs and securities involves risk. Always conduct your own research and consult a qualified SEBI-registered financial advisor before making investment decisions. mainboardgmp.com and its owners shall not be liable for any financial losses, trading losses, or damages arising from use of this website.
By accessing and using mainboardgmp.com, you agree to be bound by these Terms & Conditions. If you do not agree with any part of these terms, you should not use this website.
mainboardgmp.com provides information related to IPOs, including Grey Market Premium (GMP), subscription status, IPO dates, company details, and market trends. All content is for informational purposes only.
Nothing on this website constitutes financial, investment, tax, or legal advice. The content does not constitute a recommendation to invest in any securities, and no assurance is made regarding the accuracy, completeness, or reliability of any information. You should independently verify all information and consult qualified professionals before making investment decisions.
We strive to provide accurate and up-to-date information, but we do not guarantee that all content is correct, complete, or current at all times. IPO details and GMP data are subject to change without notice.
All content, design, graphics, and data on this website belong to mainboardgmp.com and may not be copied, reproduced, or redistributed without express written permission.
You agree not to use the website for unlawful purposes or in a way that may harm, disable, or impair the site's operation.
To the maximum extent permitted by law, mainboardgmp.com and its affiliates shall not be liable for any losses, damages, costs, or expenses arising out of your use of this website.
These Terms shall be governed by the laws of India. Any disputes will be subject to the exclusive jurisdiction of courts located in Kolkata, West Bengal.
We reserve the right to modify these Terms at any time. Continued use of the site constitutes acceptance of the updated Terms.
We may collect: email address (if submitted voluntarily), IP address, browser and device information, cookies and usage data. We do not collect sensitive personal information unless voluntarily provided.
Collected data may be used to improve website performance, respond to inquiries, send newsletters or updates (if you subscribe), and analyze traffic through analytics tools.
We use cookies and similar technologies to enhance user experience and track website usage. Users can disable cookies through browser settings.
We may use third-party services (e.g., Google Analytics) that collect demographic and usage data to help us understand traffic and improve services.
We do not sell personal information. We may share data with service providers (e.g., analytics providers) who assist with website operations.
Reasonable measures are taken to protect user data, but no online transmission can be guaranteed 100% secure.
This website is not directed at children under the age of 18.
We may update this Privacy Policy at any time. Continued use of the website constitutes acceptance of changes.
For privacy concerns, please contact us via the Support page.