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Learn about ArMee Infotech Limited’s IPO journey, including its DRHP filing, addendum updates, business operations, financial context, and the proposed utilisation of funds as disclosed in public filings.
ArMee Infotech Limited has issued an addendum to its Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering. The company operates as an IT infrastructure solutions and managed services provider, with a strong execution focus on Government and Public Sector Undertaking (PSU) projects.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
ArMee Infotech Limited filed an Addendum to its DRHP on January 20, 2026, updating disclosures following a new loan sanction from IREDA. The original DRHP was filed on September 26, 2025. The equity shares are proposed to be listed on both the NSE and BSE, subject to final regulatory approvals.
According to the DRHP, the proposed public issue is structured as follows:
| Particulars | Details |
|---|---|
Issue Type |
100% Fresh Issue |
Face Value |
₹10 per equity share |
Issue Size |
Up to ₹300.00 crore (₹3,000.00 million) |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Manager |
Beeline Capital Advisors Pvt. Ltd. |
Registrar to the Issue |
Not disclosed in DRHP |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
ArMee Infotech Limited is an IT infrastructure solutions and IT managed services company that primarily executes projects for Government bodies and PSUs, along with selective private sector engagements. The company provides end-to-end IT infrastructure deployment services, including networking, data centres, hardware procurement, system integration, and long-term managed services.
The business model is centred on bidding for Government and PSU tenders, often involving turnkey project execution, annual maintenance contracts, and managed IT services. Operations typically require earnest money deposits and bank guarantees, making working capital management an important aspect of the company’s execution capability. ArMee Infotech has a strong operational presence in Gujarat and is gradually expanding its footprint across other regions in India.
According to the DRHP and the addendum, the proceeds from the IPO are proposed to be utilised towards the following broad objectives:
| Fund Allocation | Amount (₹ crore) | Purpose |
|---|---|---|
Working Capital Requirements |
Up to ~160.00 |
Augmentation of working capital to support earnest money deposits and margin requirements for bank guarantees while bidding for large Government and PSU projects during FY25 and FY26 |
Repayment / Prepayment of Borrowings |
~8.99–10.63 |
Repayment or prepayment of certain outstanding borrowings to reduce finance costs and improve leverage ratios |
Expansion of Business Activities |
Not specifically quantified |
Funding business expansion (e.g., procuring new Government/PSU projects, technology investments) — actual allocations will be updated in the RHP. |
General Corporate Purposes |
Balance |
Meeting general corporate and administrative requirements, subject to applicable regulatory limits |
These objectives are intended to support the company’s expansion plans, improve its financial position, and strengthen execution capabilities over the medium to long term.
The table below provides a simplified snapshot of ArMee Infotech Limited’s financial performance based on consolidated information disclosed in the DRHP and related public summaries:
| Fiscal Year / Period | Revenue from Operations (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) |
|---|---|---|---|
FY23 |
502.7 |
Not disclosed in DRHP |
16.57 |
FY24 |
1,020.57–1,023.99 |
Not disclosed in DRHP |
47.71–50.13 |
FY25 / Interim |
~1,313.31–1,296.40 |
Not disclosed in DRHP |
41.25–41.67 |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available disclosures:
| Milestone / Stage | Date / Status | Details |
|---|---|---|
DRHP filed with SEBI |
26 September 2025 |
Initial DRHP filed for a mainboard IPO via 100% fresh issue |
Addendum to DRHP filed |
23 January 2026 |
Updates to disclosures on indebtedness and Articles of Association |
Board and shareholder approvals |
19–20 January 2026 |
Amendments to Articles of Association approved |
SEBI observations |
Awaited |
Regulatory observations on DRHP and addendum pending |
Filing of RHP |
To be announced |
Post-SEBI observations |
IPO Opening Date |
Not yet announced |
To be declared after RHP filing |
IPO Closing Date |
To be announced |
Subject to final schedule |
Listing on NSE/BSE |
To be announced |
Post allotment and listing formalities |
Note: Investors should refer to official filings for final IPO dates to learn more about ArMee Infotech Limited IPO listing details and price, and listing timelines.
Check other upcoming ipo’s here : Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
ArMee Infotech Limited filed its Draft Red Herring Prospectus with SEBI on 26 September 2025, formally initiating the IPO process.
The addendum filed on 23 January 2026 updates disclosures relating to financial indebtedness, corporate authorisations, and provisions of the Articles of Association, and must be read together with the original DRHP.
The IPO is proposed as a 100% fresh issue of equity shares with an estimated issue size of ₹250–300 crore. There is no offer for sale component.
The proceeds are proposed to be used for working capital augmentation, repayment of certain borrowings, capital expenditure and business expansion, and general corporate purposes.
The IPO is currently at the DRHP and addendum review stage, with SEBI observations awaited.
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