Armee Infotech IPO Date, Review, Price and Key Information

Armee Infotech Limited IPO is fully book build issue and total IPO size is ₹300 crores. The entire share offering is a fresh issue worth ₹300 crores.

The dates for the Armee Infotech Limited IPO have not been announced yet. The allotment process is expected to be finalized by [.].

The Armee Infotech Limited IPO is scheduled to list on BSE, NSE, with a listing date of [.]. The price band for the Armee Infotech Limited IPO has not been announced yet.

Registrar for this IPO is Cameo Corporate Services Limited and lead managers for Armee Infotech Limited IPO are Khandwala Securities Limited, Saffron Capital Advisors Private Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	₹300.00 Crores
Fresh Issue	₹300.00 Crores
Issue Type	Fresh Issue
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Armee Infotech Limited Company

We are an IT infrastructure and managed services company expanding into retail via Experience Zones and renewable energy through solar EPC and PPAs. Headquartered in Ahmedabad, we serve government/PSU and private sector clients.

Our core business includes IT hardware/software supply, installation, integration, and maintenance. We undertake projects such as setting up ICT labs and installing digital infrastructure. In Fiscal 2024, revenue from IT infrastructure was ₹93.50 crore, representing 91.62% of total revenue.

We also provide technical manpower and skill development as part of our IT managed services. Revenue from this segment reached ₹8.56 crore in Fiscal 2024. We have diversified into renewable energy with solar EPC services and PPAs. As of August 2024, India's installed solar power capacity was 89.43 GW. A turnkey works contract from NACOF OORJAA Private Limited is secured for a 50 MW solar power plant.

Our retail expansion involves Experience Zones for IT, consumer electronics, and gaming products. We have one operational zone in Ahmedabad and are planning more. Our strategic diversification through Experience Zones aims to capitalize on shifts in consumer behavior, including increased demands for enhanced digital experiences

Armee Infotech Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4909.67	6735.01	2160.46	1244.15
Revenue	6044.06	10205.75	5026.95	1251.80
Profit After Tax	182.10	501.30	165.75	33.64
Net Worth	1133.86	951.76	466.98	300.87
Reserves and Surplus	896.55	714.45	427.43	261.31
Total Borrowing	348.06	272.57	320.83	258.10

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
21.12	52.67%	40.11

Offer Objectives

The company plans to raise up to ₹30 crore through a fresh issue of equity shares. The net proceeds will be utilized for several key objectives.

Utilization of Net Proceeds:

Business Expansion: Approximately ₹15.5 crore is allocated for expansion by procuring new Government/PSU projects, with ₹9 crore earmarked for Fiscal Year 2026 and ₹6.5 crore for Fiscal Year 2027.
Working Capital: ₹6 crore is allocated for funding working capital requirements, entirely in Fiscal Year 2026.
Debt Repayment: ₹89.904 lakh is designated for prepayment or repayment of outstanding borrowings, all in Fiscal Year 2026.
General Corporate Purposes: A portion, not exceeding 25% of the amount raised by the company, will be used for general corporate purposes. The exact amount will be determined upon finalization of the issue price.

The issue also aims to enhance the company's visibility and brand image, creating a public market for its equity shares. The company has an ARMEE ESOP PLAN 2024 , where the maximum number of Equity Shares that may be issued pursuant to the exercise of options granted to participants is not exceeding 5% of the paid-up share capital of the Company.