ArMee Infotech IPO Subscription Update: Issue Subscribed 35.07% on Day 1
Information Subscription
On the first day, ArMee Infotech received bids for 26,05,920 shares against 74,30,356 shares available for subscription, according to NSE data. The Retail Individual Investor (RII) category was subscribed 0.25 times, while the Non-Institutional Investor (NII) category stood at 0.28 times. The Qualified Institutional Buyer (QIB) portion, excluding the anchor allocation, was subscribed 0.93 times at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers(QIBs) | 0.93x |
| 2. | Non-Institutional Investors | 0.28x |
| 3. | Retail Individual Investors(RIIs) | 0.25x |
| - | Total | 0.35x |
ArMee Infotech Overview & Purpose
ArMee Infotech is offering a rupee 300 crore IPO, comprising entirely of a fresh issue of 80 lakh Equity Shares. The issue is priced in the range of rupee 350 to rupee 375 per share, with a minimum lot size of 40 shares.
The Company plans to utilise the fresh issue proceeds towards securing performance bank guarantees (PBGs) for business expansion, repayment or prepayment of certain borrowings, funding working capital requirements, and general corporate purposes.
Disclaimer: This content is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Elevate Campuses IPO Subscription Update: Issue Subscribed 20.09% on Day 1
The Elevate Campuses IPO opened for subscription on September 23, 2026, and will remain open until September 25, 2026. The IPO has a price band of Rs 343 to Rs 362 per share and comprises a fresh issue of Equity Shares aggregating approximately Rs 2,100 crore, with no Offer for Sale (OFS) component. On the first day of bidding, the issue witnessed limited investor participation, with the issue subscribed 0.20 times.
Varmora Granito Limited IPO Subscription Update: Issue Subscribed 0.21x on Day 2
The Varmora Granito Limited IPO witnessed increased participation on the second day of bidding, with the issue subscribed 0.21 times overall. The Retail Individual Investors (RIIs) category was subscribed 0.37 times, while the Non-Institutional Investors (NIIs) portion stood at 0.12 times. The QIB category recorded a 0.00x subscription based on the provided data.
Varmora Granito Limited IPO Subscription Update: Issue Subscribed 0.08x on Day 1
The Varmora Granito Limited IPO received 0.09 times subscription on the first day of bidding. The Retail Individual Investors (RIIs) category was subscribed 0.17 times, while the Non-Institutional Investors (NIIs) portion stood at 0.04 times. No bids were recorded from QIBs based on the subscription data provided till 14:57:00pm.