ArMee Infotech

ArMee Infotech Ltd. – Detailed Company Profile,IPO & Business Overview

Founded in 2003 and headquartered in Ahmedabad, Gujarat, ArMee Infotech Limited (AIL) operates as a prominent IT infrastructure solutions provider and system integrator in India. Positioned as the flagship entity of the ArMee Group, the company specializes in delivering end-to-end, domain-agnostic technology services and digital transformation infrastructure across multiple high-priority sectors, including Government, Public Sector Undertakings (PSUs), Corporate Enterprises, Banking, Financial Services & Insurance (BFSI), and Educational Institutions. Over two decades of operation, AIL has built a national presence with offices and operational nodes across more than 14 locations in India. DRHP

2. Comprehensive Portfolio of Services

AIL’s revenue streams are structured around four primary operational verticals:

• IT Infrastructure & System Integration: Focuses on the end-to-end deployment of technology assets. This includes hardware and software procurement, system integration, complex setup of smart classrooms and ICT labs, digitalization of primary agricultural credit societies, and modernizing Public Distribution System (PDS) digital infrastructure.

• IT Managed Services: Delivers long-term operational and technical support post-deployment under formal Service Level Agreements (SLAs). Services include deputing skilled technical manpower, conducting specialized IT training, and executing Annual Maintenance Contracts (AMCs) for on-site and off-site infrastructure.

• Retail Sales & Experience Zones: Manages specialized Experience Zones and retail outlets focusing on enterprise-grade IT hardware, gaming tech, consumer electronics, and related accessories.

• Renewable Energy Infrastructure: Extends core engineering capabilities into clean energy verticals through Engineering, Procurement, and Construction (EPC) solar projects, long-term Power Purchase Agreements (PPAs), and Battery Energy Storage System (BESS) projects.

3. Ongoing Projects & Geographic Distribution

As of June 30, 2026, the company maintains 99 ongoing active projects distributed across its core operating divisions:

Project Breakup by Business Vertical:

• IT Infrastructure Projects: 65 active projects

• IT Managed Services Projects: 21 active projects

• Renewable Energy (Solar EPC): 10 active projects

• Renewable Energy (BESS – Battery Storage): 2 active projects

• Renewable Energy (Solar PPA): 1 active project

Geographic Footprint (Spread Across 11 States & UTs):

• Gujarat (Primary Base): 74 projects

• Maharashtra: 11 projects

• Regional Hubs (2 Projects Each): Bihar, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh, and Rajasthan

• Single-Project Operations (1 Project Each): Telangana, Tamil Nadu, Uttarakhand, and New Delhi

4. Human Resources & Contractual Workforce

As of June 30, 2026, the total human capital managed by AIL comprises:

• Full-time Permanent Employees: 263 staff members, of which 219 are specialized technical engineers, system integrators, and skilled project managers deployed on field execution.

• Contractual Workforce: 1,648 contractual personnel engaged through external agencies and internal subsidiaries (such as ArMee Technology Services Private Limited) for ground-level installation, site maintenance, and field logistics.

5. Key Competitive Strengths & Growth Drivers

• Government & PSU Execution Record: Strong credentials in securing and completing mission-critical public sector projects (such as the E-Gram Vishwagram Project, Gyankunj Scheme, and Samagra Shiksha Abhiyan).

• Multi-Sectoral Reach: Ability to service government bodies, financial institutions, and educational boards seamlessly.

• Sticky Revenue & Long-Term Contracts: Multi-year SLA and AMC models provide consistent recurring cash flows and financial visibility.

• Experienced Leadership: Promoters (Ami Ridhish Patel, Kiritkumar Chimanbhai Patel, and Ridhish Kiritbhai Patel) bring extensive domain expertise in IT infrastructure, logistics, and corporate administration.

ArMee Infotech Ltd. IPO – Detail Breakdown

1. Important Dates (Timetable)

• IPO Opening Date: Wednesday, September 23, 2026

• IPO Closing Date: Friday, September 25, 2026

• Basis of Allotment: Monday, September 28, 2026

• Initiation of Refunds: Tuesday, September 29, 2026

• Credit of Shares to Demat: Tuesday, September 29, 2026

• Listing Date: Wednesday, September 30, 2026

2. Issue & Offer Details

• Issue Type: Book Built Issue IPO

• Total Issue Size: ₹300.00 Crore (80,00,000 Equity Shares)

• Fresh Issue: ₹300.00 Crore (80,00,000 Equity Shares)

• Offer for Sale (OFS): None (Entirely Fresh Issue)

• Price Band: ₹350 to ₹375 per share

• Face Value: ₹10 per share

• Lot Size: 40 Shares

• Stock Exchange Listing: BSE, NSE

3. Investment Breakdown (Lot Size & Categories)

• Retail Minimum Application: 1 Lot (40 Shares) – ₹15,000

• Retail Maximum Application: 13 Lots (520 Shares) – ₹1,95,000

• Small HNI (S-HNI) Minimum: 14 Lots (560 Shares) – ₹2,10,000

• Small HNI (S-HNI) Maximum: 66 Lots (2,640 Shares) – ₹9,90,000

• Big HNI (B-HNI) Minimum: 67 Lots (2,680 Shares) – ₹10,05,000

4. Category Reservations

• Qualified Institutional Buyers (QIB): Not more than 25% of the Net Issue

• Non-Institutional Investors (NII/HNI): Not less than 22.50% of the Net Issue

• Retail Individual Investors (RII): Not less than 52.50% of the Net Issue

5. Capital Structure & Shareholding

• Pre-Issue Shareholding: 2,37,31,386 Shares

• Post-Issue Shareholding: 3,17,31,386 Shares

• Promoters: Ami Ridhish Patel, Kiritkumar Chimanbhai Patel, and Ridhish Kiritbhai Patel

• Pre-IPO Promoter Holding: 92.72%

• Post-IPO Promoter Holding: Reduced post-fresh issue (Public shareholding expands from 7.28%)

6. Company Overview & Business Model

• Incorporation Year: Founded in 2003 (Headquartered in Ahmedabad, Gujarat).

• Core Business: IT infrastructure solutions and managed services company operating under the ArMee Group.

• Service Offerings:

  • IT Infrastructure: Hardware, software, installation, integration, and ongoing maintenance support.

  • IT Managed Services: Technical manpower supply, skill development, training, and Annual Maintenance Contracts (AMC).

  • Retail Sales: Experience Zones focused on IT products, consumer electronics, and gaming merchandise.

  • Renewable Energy: Solar EPC projects, Power Purchase Agreements (PPAs), and Battery Energy Storage Systems (BESS).

• Project Footprint (as of June 30, 2026):

  • Ongoing Projects: 99 projects (65 IT Infrastructure, 21 IT Managed Services, 10 Solar EPC, 1 Solar PPA, 2 BESS).

  • Geographic Spread: 74 in Gujarat, 11 in Maharashtra, and active projects across 10 other states/UTs.

• Human Resources: 263 full-time employees (219 skilled/semi-skilled technical staff) and 1,648 contractual employees.

7. Financial Highlights (Restated Consolidated)

(Amount in ₹ Crore)

• Growth Metrics: Year-on-year revenue grew by 7%, and Profit After Tax (PAT) rose by 9% in FY 2025-26.

8. Key Performance Indicators (KPIs) & Valuation

• EBITDA Margin: 5.42% (FY26)

• PAT Margin: 3.26% (FY26)

• Return on Equity (ROE / RoNW): 28.52% / 24.96% (FY26)

• Return on Capital Employed (ROCE): 24.10% (FY26)

• Debt / Equity Ratio: 0.96

• NAV per Share: ₹76.77

• Price to Book Value: 4.88

• Pre-IPO EPS: ₹19.16 | Post-IPO EPS: ₹14.33

• Pre-IPO P/E Ratio: 19.57x | Post-IPO P/E Ratio: 26.17x

• Post-Issue Market Cap: ₹1,189.93 Crore (at upper price band)

9. Objects of the Issue (Use of Proceeds)

1. Business Expansion: ₹155.00 Cr for procuring new Government / PSU projects.

2. Working Capital: ₹60.00 Cr for funding working capital requirements.

3. Debt Repayment: ₹6.50 Cr for prepayment or repayment of outstanding borrowings.

4. Corporate Expenses: Balance towards general corporate purposes.

10. Key Entities & Contact Details

• Book Running Lead Managers:

  • Khandwala Securities Ltd.

  • Saffron Capital Advisors Pvt. Ltd.

• Registrar of the Issue:

  • Cameo Corporate Services Ltd.

  • Phone: 044-28460390 / 28460391

  • Email: ArMee@cameoindia.com

• Company Registered Office:

  • ArMee Infotech Ltd., ArMee House, 17, Goyal Intercity Row House, Thaltej Road, Ahmedabad, Gujarat, 380054.

  • Phone: +91 79 4911 4911

  • Email: cs@armeeinfotech.com