ListedMainboardIT - HardwareARMEE

ArMee Infotech IPO

ArMee Infotech IPO is a mainboard IPO raising ₹300 Cr at ₹350 – ₹375 a share. It listed on 30 Sept 2026 at ₹375, 0.0% against its issue price of ₹375, and trades at ₹280 today (−25.4% since issue). It was subscribed 2.44× in total.

₹375
Issue price
₹280
Price now
−25.4%
Since issue price
30 Sept 2026
Listed on
2.44×Subscribed (final) · all exchanges

2.4 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

What the fresh money funds

The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.

Funds for the purpose of securing PBGs for expansion of business₹155 Cr
Funding our working capital requirements₹60 Cr
Prepayment or repayment of certain outstanding borrowings availed by our Company₹7 Cr

As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.

The price they’re asking

From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.

Listed peer (issuer’s choice)P/ERoNWEPS
Dynacons Systems & Solutions Limited16.41×26.9%₹66.64
Orient Technologies Limited243.15×1.36%₹1
KPI Green Energy Limited12.77×16.14%₹24.04
Oriana Power Limited (SME Board)9.62×32.72%₹124.13
This issue—24.96%₹19.16

not derivable yet: issue not priced. Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹350 – ₹375
Cut-off price₹375
Issue size₹300 Cr
Shares per lot40
Minimum application₹15,000
Minimum quantity40
Face value₹10
Listing exchangesBSE,NSE
ISININE0TWE01016
Bidding hours10:00 – 17:00 IST
Bidding window23 Sept 2026 – 25 Sept 2026

Not here yet

The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.