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Armee Infotech

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Namestring
Armee Infotech
Legal namestring
ArMee Infotech Limited
Company typeenum
Private
Founded yearint
2003
Descriptiontext

Armee Infotech Limited, founded in 2003 and headquartered in Ahmedabad, is an IT infrastructure and system integration firm serving central and state government departments, PSUs, BFSI institutions, educational organizations, and corporate enterprises across India. The company executes large-scale, end-to-end IT projects covering supply and installation of hardware and software, setup of ICT labs and smart classrooms, digitalization of public distribution systems and primary agriculture credit societies, IT consulting (technology roadmaps, cloud, cybersecurity advisory), and ongoing IT facility management under SLAs. Its distribution and channel strength is anchored by an Authorized Acer India partnership — in which it holds No.1 partner status for government business — complemented by a Top Seller ranking on the Government e Marketplace (GeM). The company operates through offices in 14+ Indian cities including Lucknow, Bangalore, Mumbai, Gurgaon, and Patna, and runs authorized Acer Plaza retail showrooms in Ahmedabad. Revenue is generated via project-based hardware sales, multi-year managed services contracts with recurring SLA payments, and a growing renewable energy EPC line under the ArMee Solar sub-brand targeting 1GW cumulative solar and BESS capacity by 2026. A wholly-owned subsidiary, ArMee Technology Services Private Limited, supports site preparation and commissioning work, while Arrow Powertech Pvt. Ltd. operates as a group company in the power sector. The firm is converting from private to public limited status, with SEBI having cleared its IPO in February 2026.

Short descriptiontext

Armee Infotech is an Indian IT system integrator serving government, BFSI, education, and corporate clients with end-to-end IT infrastructure, managed services, IT facility management, renewable energy EPC, and authorized Acer retail via Acer Plaza stores.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersAhmedabad, India
HQ citystring
Ahmedabad
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices8 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
IT infrastructure solutions, system integration services, managed IT services, Solar EPC projects, government IT procurement
Industry3 codes
PRIMARYBPAHAEAB
Enterprise Architecture & IT Operating Model
SECONDARYBPAEAAAC
Enterprise Architecture & Technology Roadmapping
SECONDARYBPAEAAAA
Strategy & IT Advisory
NAICS code1 code
  • Computer Systems Design Services541512
SIC code1 code
  • Services-Computer Integrated Systems Design7373
Product category
IT Infrastructure Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1IT Infrastructure Solutions
TypeHardware Sales
Description

Supply and installation of IT hardware and software including computers, servers, interactive panels, along with their installation, integration, and maintenance. Revenue is project-based with multi-year contractual periods providing recurring engagement opportunities.

armeeinfotech.com
2Managed Services
TypeManaged Services
Description

Technical manpower, skill development training, and annual maintenance services delivered under service level agreements with payments at pre-defined intervals or contractual terms. Provides stable and recurring revenue streams.

armeeinfotech.com
3Renewable Energy EPC
TypeProfessional Services
Description

Engineering, Procurement, and Construction services for solar projects and Battery Energy Storage Systems (BESS), targeting 1GW cumulative solar plant setup by 2026.

armeeinfotech.com
4System Integration Projects
TypeProfessional Services
Description

End-to-end project management for large-scale IT infrastructure including ICT labs, smart classes, digital infrastructure for public distribution systems, and digitalization of primary agriculture credit societies.

armeeinfotech.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 2 records shown
1ArMee Solar
Description

Renewable energy solutions EPC company specializing in solar projects with a target to set up cumulative Solar Plant of 1GW by 2026 PAN India.

armeeinfotech.com
+1 more record
Core offering1 text field

Armee Infotech provides end-to-end IT infrastructure solutions and managed services for government departments, PSUs, BFSI institutions, and corporate clients. Its offerings include supply and installation of IT hardware and software, system integration for ICT labs and smart classrooms, IT facility management, IT consulting, and renewable energy EPC (Solar and BESS). The company also operates authorized Acer Plaza retail stores for consumer hardware sales and implements government skill development programs.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Targeting 1GW cumulative solar plant capacity by 2026
+1 more record
Product overview1 text field

ArMee Infotech Limited is a sector-agnostic IT infrastructure solutions and managed services company that offers end-to-end IT solutions across government, corporate, BFSI, and education sectors. The portfolio includes IT Infrastructure & System Integration services, IT Facility Management Services, IT Consulting Services, Renewable Energy Solutions (Solar EPC), and Capacity Building/Skill Development programs. The company also operates an Authorized Acer Plaza retail store. The core offering is IT hardware and software supply, installation, and integration combined with managed services for ongoing maintenance and support.

Product and service5 records
1IT Infrastructure & System Integration
CategoryIT Infrastructure & System Integration
Description

End-to-end IT infrastructure project management from conceptualization to installation and commissioning, including site preparation, logistics, execution, validation, training, and warranty support. Includes supply of IT hardware/software, networking, surveillance, video conferencing, computing, printing, and power electronics for large-scale government, BFSI, education, and enterprise clients.

2IT Facility Management Services
CategoryManaged Services
Description

Comprehensive IT infrastructure management including hardware and manpower resource support, on-site technical management, troubleshooting, preventive maintenance, and IT health management. Delivered under service level agreements with payments at pre-defined intervals or contractual terms, providing recurring revenue.

3Renewable Energy Solutions (Solar EPC & BESS)
CategoryRenewable Energy EPC
Description

Engineering, Procurement, and Construction services for solar projects including Solar Project EPC and PPA models, and Battery Energy Storage System (BESS) deployments. Targets 1GW cumulative solar plant capacity by 2026 across India for enterprise and government clients.

4Capacity Building & Skill Development
CategorySkill Development & Training Services
Description

Implementation of skill development projects, employment generation, and entrepreneurship development through community development, delivered as a Project Implementation Agency and Training Partner. Targets underprivileged youth in remote and rural areas in partnership with government.

5Acer Plaza Retail (Authorized Acer Store)
CategoryIT Hardware Retail
Description

Authorized Acer exclusive retail offering laptops (Aspire, Swift, Nitro, Predator, TravelMate series), monitors, desktops, gaming PCs, and Acerpure smart home appliances including smart TVs, air conditioners, air purifiers, and water purifiers, with EMI options and corporate bulk pricing.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

ArMee Infotech is a key channel partner and No.1 partner for government business in India for Acer. The company operates authorized Acer Plaza stores and is recognized as the highest revenue generator in the government vertical. The partnership includes distribution of Acer laptops, desktops, monitors, gaming products, and Acerpure appliances.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Indian solar EPC and module manufacturer with large-scale utility and C&I project execution. Most relevant comparable for ArMee's renewable energy EPC ambitions under the ArMee Solar brand.

TypeBroad incumbent
Description

Global IT services major with Indian system integration and managed services practices. Overlaps with ArMee's enterprise IT infrastructure and managed services offerings, but at vastly larger scale and broader portfolio.

TypeDirect peer
Description

India-headquartered IT distribution and services company distributing enterprise hardware/software and providing system integration. Comparable to ArMee's combined IT distribution (via Acer) and system integration model, especially across emerging markets and government channels.

TypeDirect peer
Description

Long-standing Indian IT hardware, system integration, and distribution company with deep government and PSU relationships. Closely comparable to ArMee in customer base (government, BFSI, education), product mix (hardware supply + SI), and Indian market focus, though at substantially larger scale.

TypeDirect peer
Description

Indian IT infrastructure services and managed services provider with global delivery. Comparable in IT facility management, managed services, and infrastructure project delivery - areas ArMee is scaling.

TypeDirect peer
Description

Indian IT services and system integrator with strong government, defense, and PSU focus. Comparable as a domestic SI competing for the same government IT infrastructure tenders and managed services contracts that ArMee targets.

TypeDirect peer
Description

One of India's largest solar EPC companies executing multi-GW projects globally. Comparable for benchmarking ArMee's aspirational 1GW solar EPC pipeline against an established, scaled EPC player.

TypeDirect peer
Description

Indian IT distribution and enterprise solutions company. Comparable as an IT distribution and system integration peer serving enterprise and government customers across India.

TypeBroad incumbent
Description

Global IT services and consulting firm with infrastructure services, cloud, and digital transformation offerings. Comparable as a broad incumbent competing for enterprise IT transformation budgets that ArMee also targets via its consulting practice.

TypeEmerging player
Description

India-focused distributed solar EPC and C&I renewable energy company. Comparable to ArMee's renewable vertical as a similarly-sized emerging player in the Indian C&I and institutional solar EPC market.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers6 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles15 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries2 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Armee Infotech

IT Infrastructure Servicesarmeeinfotech.com

Armee Infotech is an Indian IT system integrator serving government, BFSI, education, and corporate clients with end-to-end IT infrastructure, managed services, IT facility management, renewable energy EPC, and authorized Acer retail via Acer Plaza stores.

What Armee Infotech does

Armee Infotech Limited, founded in 2003 and headquartered in Ahmedabad, is an IT infrastructure and system integration firm serving central and state government departments, PSUs, BFSI institutions, educational organizations, and corporate enterprises across India. The company executes large-scale, end-to-end IT projects covering supply and installation of hardware and software, setup of ICT labs and smart classrooms, digitalization of public distribution systems and primary agriculture credit societies, IT consulting (technology roadmaps, cloud, cybersecurity advisory), and ongoing IT facility management under SLAs. Its distribution and channel strength is anchored by an Authorized Acer India partnership — in which it holds No.1 partner status for government business — complemented by a Top Seller ranking on the Government e Marketplace (GeM). The company operates through offices in 14+ Indian cities including Lucknow, Bangalore, Mumbai, Gurgaon, and Patna, and runs authorized Acer Plaza retail showrooms in Ahmedabad. Revenue is generated via project-based hardware sales, multi-year managed services contracts with recurring SLA payments, and a growing renewable energy EPC line under the ArMee Solar sub-brand targeting 1GW cumulative solar and BESS capacity by 2026. A wholly-owned subsidiary, ArMee Technology Services Private Limited, supports site preparation and commissioning work, while Arrow Powertech Pvt. Ltd. operates as a group company in the power sector. The firm is converting from private to public limited status, with SEBI having cleared its IPO in February 2026.

Armee Infotech firmographics

Firmographics
Name
Armee Infotech
Legal name
ArMee Infotech Limited
Website
https://armeeinfotech.com
Company type
Private
Founded year
2003
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Armee Infotech is an Indian IT system integrator serving government, BFSI, education, and corporate clients with end-to-end IT infrastructure, managed services, IT facility management, renewable energy EPC, and authorized Acer retail via Acer Plaza stores.
Ownership category
akta.pro rank

Armee Infotech industry classification

Industry
Product category
IT Infrastructure Services
NAICS
Computer Systems Design Services (541512)
SIC
Services-Computer Integrated Systems Design (7373)
akta.pro industry
PRIMARYBPAHAEAB
Enterprise Architecture & IT Operating Model
SECONDARYBPAEAAAC
Enterprise Architecture & Technology Roadmapping
SECONDARYBPAEAAAA
Strategy & IT Advisory

Keywords

  • IT infrastructure solutions
  • System integration services
  • Managed IT services
  • Solar EPC projects
  • Government IT procurement

Where Armee Infotech is headquartered

Location

Headquarters

HQ city
Ahmedabad
HQ country
India
HQ region
Asia

Offices8 records

Markets served

Armee Infotech business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

  1. IT Infrastructure Solutions: Supply and installation of IT hardware and software including computers, servers, interactive panels, along with their installation, integration, and maintenance. Revenue is project-based with multi-year contractual periods providing recurring engagement opportunities.
  2. Managed Services: Technical manpower, skill development training, and annual maintenance services delivered under service level agreements with payments at pre-defined intervals or contractual terms. Provides stable and recurring revenue streams.
  3. Renewable Energy EPC: Engineering, Procurement, and Construction services for solar projects and Battery Energy Storage Systems (BESS), targeting 1GW cumulative solar plant setup by 2026.
  4. System Integration Projects: End-to-end project management for large-scale IT infrastructure including ICT labs, smart classes, digital infrastructure for public distribution systems, and digitalization of primary agriculture credit societies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Armee Infotech product offering

Product offering

Core offering

Armee Infotech provides end-to-end IT infrastructure solutions and managed services for government departments, PSUs, BFSI institutions, and corporate clients. Its offerings include supply and installation of IT hardware and software, system integration for ICT labs and smart classrooms, IT facility management, IT consulting, and renewable energy EPC (Solar and BESS). The company also operates authorized Acer Plaza retail stores for consumer hardware sales and implements government skill development programs.

Product overview

ArMee Infotech Limited is a sector-agnostic IT infrastructure solutions and managed services company that offers end-to-end IT solutions across government, corporate, BFSI, and education sectors. The portfolio includes IT Infrastructure & System Integration services, IT Facility Management Services, IT Consulting Services, Renewable Energy Solutions (Solar EPC), and Capacity Building/Skill Development programs. The company also operates an Authorized Acer Plaza retail store. The core offering is IT hardware and software supply, installation, and integration combined with managed services for ongoing maintenance and support.

Differentiator

Problem solved

Functional benefit

Brands

  • ArMee Solar: Renewable energy solutions EPC company specializing in solar projects with a target to set up cumulative Solar Plant of 1GW by 2026 PAN India.
  • Acer Plaza

Products and services

  • IT Infrastructure & System Integration End-to-end IT infrastructure project management from conceptualization to installation and commissioning, including site preparation, logistics, execution, validation, training, and warranty support. Includes supply of IT hardware/software, networking, surveillance, video conferencing, computing, printing, and power electronics for large-scale government, BFSI, education, and enterprise clients.
  • IT Facility Management Services Comprehensive IT infrastructure management including hardware and manpower resource support, on-site technical management, troubleshooting, preventive maintenance, and IT health management. Delivered under service level agreements with payments at pre-defined intervals or contractual terms, providing recurring revenue.
  • Renewable Energy Solutions (Solar EPC & BESS) Engineering, Procurement, and Construction services for solar projects including Solar Project EPC and PPA models, and Battery Energy Storage System (BESS) deployments. Targets 1GW cumulative solar plant capacity by 2026 across India for enterprise and government clients.
  • Capacity Building & Skill Development Implementation of skill development projects, employment generation, and entrepreneurship development through community development, delivered as a Project Implementation Agency and Training Partner. Targets underprivileged youth in remote and rural areas in partnership with government.
  • Acer Plaza Retail (Authorized Acer Store) Authorized Acer exclusive retail offering laptops (Aspire, Swift, Nitro, Predator, TravelMate series), monitors, desktops, gaming PCs, and Acerpure smart home appliances including smart TVs, air conditioners, air purifiers, and water purifiers, with EMI options and corporate bulk pricing.

Quantifiable outcome

  • Targeting 1GW cumulative solar plant capacity by 2026
  • +1 more outcomes

Companies that use Armee Infotech

Customer profile

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Armee Infotech technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Armee Infotech partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Acer India Private LimitedcoreChannel Partner/ Reseller/ DistributorArMee Infotech is a key channel partner and No.1 partner for government business in India for Acer. The company operates authorized Acer Plaza stores and is recognized as the highest revenue generator in the government vertical. The partnership includes distribution of Acer laptops, desktops, monitors, gaming products, and Acerpure appliances.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Armee Infotech competitors and assessment

Company assessment

Direct peers

  • Tata Power Solar Systems: Indian solar EPC and module manufacturer with large-scale utility and C&I project execution. Most relevant comparable for ArMee's renewable energy EPC ambitions under the ArMee Solar brand.
  • Redington Limited: India-headquartered IT distribution and services company distributing enterprise hardware/software and providing system integration. Comparable to ArMee's combined IT distribution (via Acer) and system integration model, especially across emerging markets and government channels.
  • HCL Infosystems: Long-standing Indian IT hardware, system integration, and distribution company with deep government and PSU relationships. Closely comparable to ArMee in customer base (government, BFSI, education), product mix (hardware supply + SI), and Indian market focus, though at substantially larger scale.
  • Allied Digital Services: Indian IT infrastructure services and managed services provider with global delivery. Comparable in IT facility management, managed services, and infrastructure project delivery - areas ArMee is scaling.
  • CMS Computers: Indian IT services and system integrator with strong government, defense, and PSU focus. Comparable as a domestic SI competing for the same government IT infrastructure tenders and managed services contracts that ArMee targets.
  • Sterling and Wilson Renewable Energy: One of India's largest solar EPC companies executing multi-GW projects globally. Comparable for benchmarking ArMee's aspirational 1GW solar EPC pipeline against an established, scaled EPC player.
  • Savex Computers: Indian IT distribution and enterprise solutions company. Comparable as an IT distribution and system integration peer serving enterprise and government customers across India.

Broad incumbents

  • Wipro: Global IT services major with Indian system integration and managed services practices. Overlaps with ArMee's enterprise IT infrastructure and managed services offerings, but at vastly larger scale and broader portfolio.
  • Infosys: Global IT services and consulting firm with infrastructure services, cloud, and digital transformation offerings. Comparable as a broad incumbent competing for enterprise IT transformation budgets that ArMee also targets via its consulting practice.

Emerging players

  • Fourth Partner Energy: India-focused distributed solar EPC and C&I renewable energy company. Comparable to ArMee's renewable vertical as a similarly-sized emerging player in the Indian C&I and institutional solar EPC market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Armee Infotech social profiles

Digital presence

Armee Infotech financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Armee Infotech leadership team

Management profile

Number of profiles

Profiles15 records

Armee Infotech subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Armee Infotech funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Armee Infotech M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Armee Infotech

What does Armee Infotech do?

Armee Infotech provides end-to-end IT infrastructure solutions and managed services for government departments, PSUs, BFSI institutions, and corporate clients. Its offerings include supply and installation of IT hardware and software, system integration for ICT labs and smart classrooms, IT facility management, IT consulting, and renewable energy EPC (Solar and BESS). The company also operates authorized Acer Plaza retail stores for consumer hardware sales and implements government skill development programs.

Is Armee Infotech a public or private company?

Armee Infotech is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Armee Infotech founded?

Armee Infotech was founded in 2003. It employs 1,001 to 5,000 people.

Where is Armee Infotech based?

Armee Infotech is headquartered in Ahmedabad, India, in the Asia region.

How does Armee Infotech make money?

Four revenue lines are on record. IT Infrastructure Solutions are the primary driver. The others are managed Services, renewable Energy EPC and system Integration Projects.

Who are Armee Infotech's main competitors?

Direct peers on record are Tata Power Solar Systems, Redington Limited, HCL Infosystems, Allied Digital Services, CMS Computers, Sterling and Wilson Renewable Energy and Savex Computers. Broad incumbents are Wipro and Infosys. Fourth Partner Energy is listed as an emerging player.

Does Armee Infotech have an API?

No public API is recorded for Armee Infotech.

What industry is Armee Infotech in?

Armee Infotech's product category is IT Infrastructure Services. Its primary akta.pro industry code is BPAHAEAB, Enterprise Architecture & IT Operating Model, with a secondary code of BPAEAAAC, Enterprise Architecture & Technology Roadmapping. Its NAICS code is 541512 and its SIC code is 7373.

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Live signals
CNBCTV18Newly listed ArMee Infotech swings to profit in Q1, shares trade below IPO price - CNBC TV18ArMee Infotech swung to profit in Q1 FY27, with consolidated EBITDA doubling to ₹6.95 crore and net profit rising to ₹1.82 crore. Shares closed at ₹260.60, about 30.5% below the ₹375 IPO price. The company also secured a 250 MW/500 MWh BESS project from MSEDCL.ScanXArmee Infotech incorporates solar energy subsidiary with ₹10 lakh capitalArmee Infotech incorporated Armee MH One Renewable Energy Private Limited as a wholly owned subsidiary on October 15, 2026, with an initial paid-up capital of ₹10 lakh. The subsidiary will develop solar photovoltaic power projects, including generation, transmission, and electricity sales. Board approval was granted on September 28, 2026.ScanXArmee Infotech Q1FY27 Results: Net profit up 191% YoY to ₹2.77 croreArmee Infotech reported a standalone net profit of ₹2.77 crore for Q1FY27, up 191% year-on-year, with revenue from operations rising marginally to ₹273.27 crore. The board kept the ₹450 crore secured NCD issuance proposal under consideration pending due diligence, while the consolidated entity turned profitable with ₹1.82 crore profit.NDTV ProfitPost Listing Split: Adroit Industries Surges 85% From Issue Price, ArMee Infotech Trades 20% LowerAdroit Industries shares surged 85% from its issue price to Rs 248.39, while ArMee Infotech fell 20% to Rs 300 after listing at a discount. Swastika Infra rose 13.51% from its issue price, and Elevate Campuses declined nearly 13% from its issue price.MintNew IPO listings today: Price gains - Adroit Industries, Elevate Campuses, Swastika Infra, Armee Infotech shares debut | Stock Market NewsFour IPOs—Adroit Industries, Elevate Campuses, Swastika Infra, and ArMee Infotech—listed on September 30. Adroit Industries opened at ₹250, an 86.57% premium, while Elevate Campuses opened at a 1.91% discount. Swastika Infra and ArMee Infotech listed at premiums and at issue price, respectively.Business StandardArMee Infotech shares extend slide post listing at 2% discount to IPO priceArMee Infotech shares listed at a discount to IPO price, trading at ₹368.85 on BSE and ₹375 on NSE, both below the ₹375 IPO price. The stock fell 14.6% on BSE and 15.36% on NSE, while grey market suggested a 1.60% listing pop. Funds raised will support expansion and working capital.Business News TodayArMee Infotech shares make weak debut, list at nearly 2% discount on BSE — should you buy, sell or hold?- Moneycontrol.comArMee Infotech shares listed at a 2% discount to issue price on BSE, opening at Rs 368.85 after a 2.44 times subscription. The IPO raised Rs 300 crore, with QIBs subscribing 3.20 times and retail 2.65 times. The company's market cap stood at Rs 1,170.41 crore.Financial Express4 firms debut on Dalal Street: Adroit lists at 86% premium, Armee opens down 2%Four companies debuted on Dalal Street on September 30: Adroit Industries at an 86% premium, ArMee Infotech at a 2% discount, Swastika Infra at an 8% premium, and Elevate Campuses at a 2% discount. Adroit's IPO was subscribed 176.85 times, while Elevate Campuses was subscribed 1.79 times.Business Today4 IPOs listings today: Adroit lists makes solid debut, Swastika Infra up; Elevate & ArMee disappointFour IPOs—Elevate Campuses, ArMee Infotech, Adroit Industries, and Swastika Infra—listed on September 30, raising Rs 2,712 crore cumulatively. Adroit Industries led with an 86.57% listing premium and 176.85x subscription, while Elevate Campuses and ArMee Infotech listed at discounts.NDTV ProfitArMee Infotech IPO Listing Today: Check GMP, Expected Listing Price Ahead Of DebutArMee Infotech shares list on NSE and BSE on Sept. 30, with a GMP-implied listing premium of 1.60% over the upper price band of Rs 375, estimating a listing price of Rs 381. The IPO was subscribed 2.44 times, with QIBs at 2.99 times and retail at 2.47 times. Proceeds will fund new government and PSU projects, working capital, and debt repayment.