ArMee Infotech
IT infrastructure and managed-services provider that also sells retail tech products and runs renewable-energy projects.
Last updated 4 Oct 2026, 7:13 pm IST
- Price band
- ₹350 – ₹375
- Lot size
- 40
- Issue size
- ₹300 Cr (100% fresh)
- Opens
- 23 Sept 2026
- Closes
- 25 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹6 (~1.6%) (25 Sep, final day; was ₹20 on 24 Sep evening)
- Subscription
- 1.17× (final, into closing day)
- Listing gain
- NSE 0% (30 Sep, open)
- Listing date
- 30 Sept 2026
- Model prediction
- ~flat expected -> Neutral. Listed at par NSE (30 Sep), closed day 1 at -20.0% (lower circuit); call missed on the downside.
Anil Singhvi's take
The Ticker Tales take
ArMee Infotech, incorporated in 2003, is an IT infrastructure and managed-services company that also sells retail tech products and runs renewable-energy projects — a mixed bag of businesses under one roof. FY26 revenue came in at ₹1,410 crore with profit of ₹45.5 crore. The entire ₹300 crore issue is fresh shares, so all the money raised goes into the company rather than to existing owners — the healthier shape for a first-time applicant. Demand stayed on track into the close at around 1.17 times covered, but the grey market premium drained away through the final day, down to about ₹6, roughly 2% over the top of the band. That pulls the predicted pop back inside our dead band, so this settles to Neutral. Expected versus actual: we expected roughly flat; it listed at the issue price and then slid to close the first day 20% down, a miss our Neutral call did not warn about.
More details
- Sector
- IT infrastructure & managed services
- FY26 PAT
- ₹45.47 Cr
- Registrar
- Cameo Corporate Services
- Issue type
- 100% Fresh issue
- FY26 revenue
- ₹1,410.09 Cr
- Incorporated
- 2003
- Lead managers
- Khandwala Securities, Saffron Capital Advisors
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.