IT - Hardware - Listed on 30 September 2026
ArMee Infotech (IT - Hardware) closed its IPO window in 2026 and listed on NSE and BSE on 30 September 2026 at an upper band issue price of Rs 375, opening at Rs 375 for a listing gain of 0.0%. The IPO was subscribed 2.44x overall - QIB 2.99x, HNI/NII 2.09x, Retail 2.47x. The total issue size was Rs 300 Cr (Fresh Issue Rs 300 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
IT - Hardware
ArMee Infotech is an IT infrastructure and managed services company that has diversified into retail and renewable energy, including solar EPC, power purchase agreements and battery energy storage systems. It serves government and PSU customers and provides IT hardware, software, integration, maintenance and related services.
Issue structure, listing outcome and context
The ₹300 crore IPO was entirely a fresh issue of 80 lakh shares, priced at ₹375 per share at the upper end. The shares listed on NSE at ₹375 on 30 September 2026, resulting in a 0% listing gain over the issue price.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 51 | +13.60% |
| Day 2 | Rs 20 | +5.30% |
| Day 3 | Rs 20 | +5.30% |
| Day 4 | Rs 8 | +2.13% |
| Day 5 | Rs 8 | +2.13% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 2.1 pp (Highly accurate)
How the broader market moved around the ArMee Infotech IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
ArMee Infotech IPO listed at 0.0% versus the upper issue price of Rs 375 on 30 September 2026.
ArMee Infotech IPO was subscribed 2.44x overall. QIB portion was subscribed 2.99x, HNI / NII 2.09x and Retail 2.47x.
IPO GMP started at Rs 51 on Day 1 and moved to Rs 8 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.