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ArMee Infotech Raises Rs 39.93 Crore from Anchor Investors Ahead of Rs 300 Crore IPO
M
Moneycontrol•22-09-2026, 21:33
ArMee Infotech Raises Rs 39.93 Crore from Anchor Investors Ahead of Rs 300 Crore IPO
- •ArMee Infotech secured Rs 39.93 crore from four anchor investors before its Rs 300 crore IPO.
- •The company allocated 10.65 lakh shares at Rs 375 per share through the anchor book on September 22.
- •Abundantia Capital was the largest investor, acquiring 5.31 lakh shares worth Rs 19.93 crore.
- •The IPO opens for public subscription on September 23 and closes on September 25, comprising entirely a fresh issue.
- •Proceeds will fund performance bank guarantees (Rs 155 crore), working capital (Rs 60 crore), debt repayment (Rs 6.5 crore), and general corporate purposes.
Key Questions Answered
ArMee Infotech raised Rs 39.93 crore from four anchor investors by allocating 10.65 lakh shares at the upper end of its price band of Rs 350-375 per share.
The Rs 300-crore initial public offering opens for public subscription on September 23 and will close on September 25.
The company will use Rs 155 crore to secure performance bank guarantees for business expansion, Rs 60 crore for working capital, Rs 6.5 crore to repay debt, and the remainder for general corporate purposes.
