BAJAJ FINSERV DIRECT LIMITED
IPO-Insights

ArMee Infotech IPO Updates

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Nupur Wankhede

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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.

ArMee Infotech IPO Filing (DRHP)

The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.

Filing Overview

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.

Issue Structure

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.

About the Company

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.

IPO Objectives

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.

Financial Highlights

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.

ArMee Infotech IPO Timeline Summary

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

 

Disclaimer

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.

FAQs

When did ArMee Infotech Limited file its DRHP?

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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Hi! I’m Nupur Wankhede
BSE Insitute Alumni
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With a Postgraduate degree in Global Financial Markets from the Bombay Stock Exchange Institute, Nupur has over 8 years of experience in the financial markets, specializing in investments, stock market operations, and project management. She has contributed to process improvements, cross-functional initiatives & content development across investment products. She bridges investment strategy with execution, blending content insight, operational efficiency, and collaborative execution to deliver impactful outcomes.

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