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ArMee Infotech IPO Debuts Flat on NSE, at Discount on BSE After 2.44x Subscription
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CNBC TV18•30-09-2026, 09:55
ArMee Infotech IPO Debuts Flat on NSE, at Discount on BSE After 2.44x Subscription
- •ArMee Infotech shares listed flat at ’375 on NSE and at a 2% discount on BSE on September 30.
- •The ’300-crore IPO was subscribed 2.44 times, with strong interest from QIBs (3.20x), NIIs (2.24x), and retail investors (2.65x).
- •The company plans to use ’155 crore from the IPO for performance bank guarantees, ’60 crore for working capital, and ’6.5 crore for debt repayment.
- •ArMee Infotech operates in IT infrastructure, IT managed services, and renewable energy, with IT infrastructure contributing 86% of FY26 revenue.
- •For FY26, ArMee Infotech reported a 9.1% profit increase to ’45.5 crore and a 6.3% revenue rise to ’1,396.6 crore.
Key Questions Answered
ArMee Infotech shares debuted on Wednesday, September 30, listing flat at the issue price of ₹375 on the NSE, while opening at ₹368.85 (a 1.64% discount) on the BSE.
ArMee Infotech plans to utilize ₹155 crore of the net fresh issue proceeds for securing performance bank guarantees, ₹60 crore for working capital, ₹6.5 crore for debt repayment, and the rest for general corporate purposes.
The company operates across three segments: IT infrastructure (contributing nearly 86% of revenue in FY26), IT managed services (accounting for over 5%), and renewable energy EPC (contributing nearly 9%).
