Armee Infotech Ltd
ARMEE Armee Infotech Ltd
BSE IPO
Bidding dates23 Sep 2026 - 25 Sep 2026
Price range₹350 - ₹375
Min. investment₹15,000
Issue size300 Cr
Lot size40 Shares
IPO DocRHP 
IPO Timeline
Start date
23 Sep 2026
End date
25 Sep 2026
Allotment date
28 Sep 2026
Refund initiation
29 Sep 2026
Share credit
29 Sep 2026
Deactivate mandate
30 Sep 2026
About company
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.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.
Founded in 2003
Managing director Ridhish Kiritbhai Patel
Parent organisation ArMee Infotech IPO
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Strengths and Risks
Strengths
ArMee Infotech has a proven execution history handling large-scale government and PSU digitisation mandates, such as smart classrooms, ICT labs, and point-of-sale device rollouts for various state departments and education councils.
The company has exhibited steady growth in scale and profitability, supported by its core IT infrastructure solutions (which form the lion's share of revenues) and managed services lines.
The board and senior leadership bring substantial domain expertise in managing complex, milestone-based public sector contracts and supply chain vendor partnerships.
Risks
The vast majority of ArMee Infotech’s revenue relies on winning government and PSU contracts through competitive bidding. Any policy changes, budget cuts, or delays in public procurement cycles directly impact order inflows.
While renewable energy EPC and PPA initiatives represent key growth pillars, the company has a relatively limited operating history in this vertical compared to its established IT operations, leaving execution tracks untested across a multi-year economic cycle.
A significant portion of operations and project wins have historically concentrated around specific regions (such as Gujarat), exposing the company to local economic shifts. Furthermore, it relies heavily on a limited group of core technology partners for hardware and software procurement.
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