Q2. Why is the company raising funds via IPO?

Armee Infotech is raising funds via IPO to support working capital, prepay debt and finance business expansion.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO is ₹300 Cr, of which 100% is a fresh book-built. It will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

Dependence on government/PSU orders, geographic concentration of business, limited trading history

Q5. What are the potential upsides?

Strong growth in digital infrastructure demand, expanding service portfolio, recurring managed services revenue, and strategic diversification into emerging tech and renewable segments.

Q6. How to apply for the IPO?

You can apply for the IPO through ASBA via bank/UPI in trading apps or broker platforms when the IPO window open.

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

Armee Infotech Limited provides IT infrastructure solutions and IT managed services, delivering end-to-end technology support, integration of hardware and software, and related services to a diversified client base that includes government/public sector undertakings (PSUs) and private sector organizations.
It has a significant presence in Gujarat and is expanding into retail experience zones and renewable energy (solar EPC/PPA) areas as part of its broader business strategy.

Armee Infotech has expanded into retail Experience Zones for consumer electronics and gaming products, and renewable energy EPC/PPA initiatives as strategic business diversifications. It has its presence across 14+ locations in India serving a broad base of government, PSU, corporate and educational clients nationwide.

Armee Infotech Limited has filed DRHP with SEBI for a proposed IPO with an issue size of total ₹ 300 crore consisting entirely as Fresh Issue of ₹ 300 crore and no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP

Check IPO Allotment

Visit Official Website

Issue Size:	₹ 300 Cr
Fresh Issue:	₹ 300 Cr
Offer for Sale:	₹ 00 Cr
Price Range:	TBA
Lot Size:	TBA
GMP	Pending

Armee Infotech Limited important data points

Revenue, PAT, EBITDA

Year	Fiscal 2025
Networth	₹ 136.7 Cr
Revenue:	₹ 1313.3 Cr
EBITDA	₹ 58.6 Cr
PAT	₹ 41.7 Cr
EBITDA Margin:	~4.47%
PAT Margin	~3.17%
Face Value:	Rs. 10 per Equity Share

IPO important dates

Open Date:	TBA
Close Date:	TBA
Anchor Investor Bidding	TBA
Allotment Date:	TBA
Refunds & Demat Credit	TBA
Tentative Listing Date:	TBA

Use of Proceeds

Purpose	Amount
Technology & Infrastructure & projects	~ ₹ 155 Cr
Working Capital Requirement	~ ₹ 60 Cr
Borrowing payment	~ ₹ 7.5 Cr
General Corporate Purpose	Balance

Armee Infotech Limited Financial Data

	2023	2024	2025
Revenue (₹ Cr)	₹ 502.7	₹ 1,020.6	₹ 1,313.3
PAT (₹ Cr)	₹ 16.6	₹ 50.1	₹ 41.7
Asset (₹ Cr)	₹ 216.0	₹ 673.5	₹ 828.5
Net Worth (₹ Cr)	₹ 46.7	₹ 95.2	₹ 136.7

Armee Infotech IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit per lot
05-Feb	₹ –	₹ –	₹ –
04-Feb	₹ –	₹ –	₹ –
03-Feb	₹ –	₹ –	₹ –
02-Feb	₹ –	₹ –	₹ –
01-Feb	₹ –	₹ –	₹ –

Armee Infotech Limited IPO Pros & Cons

Strengths:

Established IT infrastructure and system integration player with strong exposure to government and PSU contracts.
Asset-light, project-based business model with recurring opportunities through managed services.
Long operating track record with experienced promoter-led management.
Expansion into new verticals such as Experience Zones and renewable energy EPC provides growth optionality.
Increasing digitalization and public sector IT spending support long-term demand outlook.

Risks:

High dependence on government and PSU orders exposes the business to policy, tender, and payment-cycle risks.
Revenue concentration risk due to project-based nature and limited long-term annuity income.
Competitive and low-margin IT infrastructure space with pressure from larger, well-capitalized peers.
Diversification into non-core segments (retail, solar) may dilute focus and execution efficiency.
IPO pricing, valuations, and post-issue financial performance visibility remain uncertain until final disclosures.

Armee Infotech Limited Promoters – Pre offer equity (Approx)

Ami Ridhish Patel	~76.19%
Kiritkumar Chimanbhai Patel	~10.62%
Ridhish Kiritbhai Patel	~5.91%

Armee Infotech Limited Lot Size details

Application Type	Lot Size	No. of Lots	No. of Shares	Investment Amount
Retail(Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
Small HNI (Min)	–	14	–	₹ –
Small HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Lead Managers / Registrars of Armee Infotech Limited

Lead / Book Running Lead Managers	Khandwala Securities Limited, Saffron Capital Advisors Private Limited
Registrar (RTA)	Cameo Corporate Services Limited

Founding Year of Armee Infotech Limited & Managing Director

Armee Infotech Limited was incorporated in the year 2003.

Mr. Ridhish Kiritbhai Patel is Chairman and Managing Director of the company.

Armee Infotech Limited FAQ

Q1. What is the business of Armee Infotech Limited?

It is an IT infrastructure solutions and managed services provider executing government/PSU and private sector digital projects, including hardware/software integration and IT support across multiple sectors.

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Q2. Why is the company raising funds via IPO?

Armee Infotech is raising funds via IPO to support working capital, prepay debt and finance business expansion.

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Q3. What is the size of the issue and where will it list?

The issue size of the IPO is ₹300 Cr, of which 100% is a fresh book-built. It will be listed on the BSE & NSE platform.

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Q4. What are the risks to an investor?

Dependence on government/PSU orders, geographic concentration of business, limited trading history

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Q5. What are the potential upsides?

Strong growth in digital infrastructure demand, expanding service portfolio, recurring managed services revenue, and strategic diversification into emerging tech and renewable segments.

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Q6. How to apply for the IPO?

You can apply for the IPO through ASBA via bank/UPI in trading apps or broker platforms when the IPO window open.

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Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

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