Mumbai, Sept. 23 -- The initial public offer (IPO) of ArMee Infotech was subscribed 0.53 times on the first day of bidding on 23 September 2026, according to stock exchange data at 17:00 IST. The issue received bids for 39,48,960 shares against 74,30,356 shares on offer.

The IPO opened for subscription on 23 September 2026 and will close on 25 September 2026. The price band has been fixed at Rs 350 to Rs 375 per share. The minimum bid is 40 shares. The equity shares are proposed to be listed on the BSE and NSE.

The IPO is 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 stand at 69.35%.

The company plans to use Rs 155 crore from...