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ArMee Infotech IPO Subscribed 1.6 Times on Final Day of Bidding
M
Moneycontrol•25-09-2026, 12:48
ArMee Infotech IPO Subscribed 1.6 Times on Final Day of Bidding
- •ArMee Infotech's Rs 300-crore IPO was subscribed 1.62 times on its final bidding day.
- •The company received bids for 1.2 crore shares against 74.30 lakh shares on offer.
- •Non-institutional investors' portion was subscribed 1.34 times, and retail investors' quota saw 1.89 times subscription.
- •Qualified institutional buyers' (QIBs) portion was subscribed 95 percent.
- •ArMee Infotech, an Ahmedabad-based IT infrastructure company, raised Rs 39.93 crore from four anchor investors.
Key Questions Answered
The Rs 300-crore initial public offering of ArMee Infotech was subscribed 1.62 times on the final day of bidding, receiving bids for 1.2 crore shares against 74.30 lakh shares on offer.
The retail investor quota received 1.89 times subscription, while the portion reserved for non-institutional investors was subscribed 1.34 times and the qualified institutional buyers' portion reached 95 percent.
ArMee Infotech mobilised Rs 39.93 crore from four anchor investors by allocating 10.65 lakh shares through the anchor book at the upper end of its price band.
