ArMee Infotech IPO
ArMee Infotech Limited (ARMEE) · mainboard IPO on NSE and BSE · Book Building. Listed on 30 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -3.9% (likely range -35% to +8%), day's high 0.0%, chance of a gain 33%. Actual: 0.0% at the open, 0.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 10,01,784 | 29,96,200 | 2.99x | |
| NII (HNI) total | 19,28,572 | 40,36,760 | 2.09x | |
| Big NII (above ₹10 lakh) | 12,85,715 | 17,90,800 | 1.39x | |
| Small NII (₹2-10 lakh) | 6,42,857 | 22,45,960 | 3.49x | |
| Retail | 45,00,000 | 1,11,26,280 | 2.47x | |
| Total | 74,30,356 | 1,81,59,240 | 2.44x |
Bids on NSE and BSE together, as published by NSE, as of 25 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 54% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to ArMee Infotech's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Fabtech TechnologiesOct 2025 | 2.02x | 1.97x | 2.08x | 2.03x | ₹402 Cr | +0.5% | +0.8% |
| eMudhraMay 2022 | 4.05x | 1.28x | 2.61x | 2.72x | ₹411 Cr | +5.5% | +9.0% |
| Prince Pipes and FittingsDec 2019 | 3.54x | 1.21x | 1.89x | 2.21x | ₹503 Cr | -10.1% | -0.1% |
| Suryoday Small Finance BankMar 2021 | 2.18x | 1.31x | 3.09x | 2.37x | ₹582 Cr | -4.3% | -2.8% |
| Elin ElectronicsDec 2022 | 4.51x | 3.29x | 2.20x | 3.09x | ₹501 Cr | -1.2% | -0.8% |
| GlottisOct 2025 | 1.87x | 2.97x | 1.42x | 2.05x | ₹314 Cr | -34.9% | -27.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Khandwala Securities | — | — | — |
| Saffron Capital Advisors | 4 | -3.9% | 25% |
Offer documents (NSE)
Frequently asked
What is the ArMee Infotech IPO price band and lot size? ₹350–375 per share, with a lot of 40 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 2.44x overall: QIB 2.99x, NII 2.09x, retail 2.47x.
How did it list? It opened at ₹375, +0.0% against the issue price of ₹375, and closed its first day -20.0%.
