In its draft red herring prospectus filed with SEBI, ArMee Infotech fixed an IPO price band of ₹350‑₹375 per equity share, targeting ₹300 cr in fresh issue that could lift its market cap past ₹1,189 cr on day one—an aggressive valuation for a 2026 IT services player.
Anchor investor bidding opens September 22, with the public tranche rolling till September 25; retail investors will get 52.5% of the issue, while 25% goes to QIBs and 22.5% to Non‑QIBs—Khandwala Securities and Saffron Capital Advisors are set to manage the book.
The company earmarked ₹155 cr of the net proceeds for performance bank guarantees to fuel business expansion and ₹60 cr for working capital, with a further ₹6.5 cr earmarked to slice debt—an allocation that signals intent to strengthen its balance sheet before the public listing.
FY26 saw revenue climb 6.3% to ₹1,396.6 cr, with net profit at ₹45.5 cr, up 9.1% YoY; IT infrastructure still dominates at 86% of revenue, while managed services and renewable EPC contribute modest shares—slightly surpassing the median IT services revenue growth of 5.2% seen in the sector last quarter.
Analysts expect the price to open near the upper band, but actual market reception will hinge on demand from retail and institutional investors; trading will kick off on September 30, setting the stage for the first day of market play.