ArMee Infotech’s IPO was oversubscribed 2.44×, pulling in ₹300 cr at ₹375 per share.
The three‑day bid attracted 3.20× from qualified institutional buyers, 2.24× from non‑institutional investors, and 2.65× from retail participants.
Grey‑market trading on September 30 opened at a ₹6 premium, suggesting a listing price near ₹381 – a 1.6% lift over the issue price.
Proceeds will be split: ₹155 cr for performance bank guarantees, ₹60 cr for working capital, ₹6.5 cr to repay debt, with the rest earmarked for general corporate purposes.
FY24‑25 ended with revenue of ₹1,396.6 cr, up 6.3% from ₹1,313.3 cr, and net profit of ₹45.5 cr, 9.1% higher than ₹41.7 cr a year earlier.
Analysts note the company’s IT infrastructure segment accounts for 86% of revenue, positioning it favorably as demand for cloud‑ready hardware rises. The next earnings call is slated for December 15.