Founded in 2003 and headquartered in Ahmedabad, Gujarat, ArMee Infotech Limited (AIL) is an IT infrastructure solutions and managed services company. As part of the ArMee Group, the company provides end-to-end technology solutions across sectors including government, corporates, banking, financial services and insurance (BFSI), and education. The company has also diversified into retail sales and renewable energy, expanding its business beyond its core IT services.
Services
As on June 30, 2026, The company have 99 Ongoing Projects out of which 65 are under IT Infrastructure category, 21 are under IT managed services category, 10 are under the Renewable Energy EPC and 1 is for Renewable Energy PPA and 2 are for Renewable Energy BESS.
As of June 30, 2026, out of their 99 Ongoing Projects, 74 projects are based in the state of Gujarat, 11 in Maharashtra, 2 each in Bihar, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh and Rajasthan and 1 each is based in Telangana, Tamil Nadu, Uttarakhand, and New Delhi.
As of June 30, 2026, they have 263 employees, out of which 219 are skilled and semi-skilled technical manpower engaged in the implementation and management of the various projects. In addition, as of June 30, 2026, they have engaged 1,648 employees on contractual basis.
Competitive Strengths:
ArMee Infotech Ltd.’s revenue increased by 7% and profit after tax (PAT) rose by 9% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 958.87 | 828.54 | 673.50 |
| Total Income | 1,410.09 | 1,315.78 | 1,023.99 |
| Profit After Tax | 45.47 | 41.67 | 50.13 |
| EBITDA | 75.64 | 58.64 | 71.58 |
| NET Worth | 182.18 | 136.67 | 95.18 |
| Total Borrowing | 174.36 | 48.10 | 27.26 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Marushika Technology Ltd. | SME | ₹26.97 Cr | ₹117 | 11.6 | ₹114.00 | -2.56% | ₹117.00 |
| EPW India Ltd. | SME | ₹31.81 Cr | ₹97 | 18.36 | ₹116.55 | +20.15% | ₹240.15 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of business by procuring new Government/PSU projects. | 155.00 |
| 2 | Funding working capital requirements | 60.00 |
| 3 | Prepayment or repayment of certain outstanding borrowings availed by the Company. | 6.50 |
| 4 | General Corporate Purposes | |
| Total | 221.50 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 28.52% |
| ROCE | 24.10% |
| Debt/Equity | 0.96 |
| RoNW | 24.96% |
| PAT Margin | 3.26% |
| EBITDA Margin | 5.42% |
| NAV | 76.77 |
| Price to Book Value | 4.88 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 19.16 | 14.33 |
| P/E (x) | 19.57 | 26.17 |
| IPO Date | 23 to 25 Sep, 2026 |
| Listing Date | Wed, Sep 30, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹350 to ₹375 |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 80,00,000 shares (agg. up to ₹300 Cr) |
| Fresh Issue | 80,00,000 shares (agg. up to ₹300 Cr) |
| Share Holding Pre Issue | 2,37,31,386 shares |
| Share Holding Post Issue | 3,17,31,386 shares |
The promoters of the company are Ami Ridhish Patel, Kiritkumar Chimanbhai Patel and Ridhish Kiritbhai Patel.
| Share Holding Pre Issue | 92.72% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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