By The lot size for ArMee Infotech’s IPO has been set at 40 shares for retail investors.
At the upper end of the Rs 350-375 price band, the minimum retail investment works out to about Rs 15,000.
The IPO opened for subscription on September 23 and closes September 25.
The issue comprises 80 lakh fresh equity shares worth Rs 300 crore.
Listing on NSE and BSE is tentatively set for September 30.
The lot size for retail investors has been set at 40 shares.
At the upper end of the price band, the minimum retail investment works out to about Rs 15,000.
The book-built issue is an entirely fresh issue of 80 lakh equity shares, worth Rs 300 crore.
Allotment for the IPO is expected to be finalised on September 28.
The shares are tentatively scheduled to list on the NSE and BSE on September 30.
In the grey market, the issue was reported to be commanding a modest premium ahead of listing, though grey market activity is unofficial and not regulated.
A grey market premium reflects unofficial trading sentiment before an IPO lists, and is not a guaranteed indicator of listing-day performance.
IPO investors are advised to review a company’s red herring prospectus for full financial and risk disclosures before subscribing.
India’s IPO market has seen a steady stream of new listings across sectors through 2026.
The NSE and BSE are India’s two main stock exchanges, both based in Mumbai.
A book-built IPO allows the final issue price to be discovered through investor bidding within the announced price band.
IPO proceeds from a fresh issue typically go toward the company’s own business needs, such as expansion or debt repayment, rather than existing shareholders cashing out.
Retail, non-institutional and qualified institutional investor categories each have separate allocation quotas in most Indian IPOs.
Bombay Stock Exchange building, Mumbai (representative image), Wikimedia Commons, CC BY 2.0
