Mumbai, Sept. 28 -- The initial public offer (IPO) of ArMee Infotech was subscribed 2.44 times. The issue received bids for 1,81,59,240 shares against 74,30,356 shares on offer.

Qualified institutional buyers (QIBs) subscribed 2.99 times, the non-institutional investor (NII) category subscribed 2.09 times and Retail Individual investors (RIIs) subscribed 2.47 times.

The IPO opened for subscription on 23 September 2026 and closed on 25 September 2026. The price band was fixed at Rs 350 to Rs 375 per share. The equity shares are proposed to be listed on the BSE and NSE.

The IPO was entirely a fresh issue of shares worth Rs 300 crore, with no offer-for-sale component. The post-issue promoter and promoter group shareholding is expected to ...