ArMee Infotech IPO GMP History
ArMee Infotech IPO has been listed on September 30, 2026 at a listing price of ₹375, against the issue price of ₹375 — a gain of ₹0 (+0%). The GMP peaked at ₹51 on 23 September 2026 and reached a low of ₹1 on 20 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
ArMee Infotech IPO raised ₹300 Cr. through its IPO at a price band of ₹350 to ₹375 per share, with a lot size of 40 shares. The IPO was open for subscription from 23 Sep 2026 to 25 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 30 Sep, 6:30 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 30 Sep 2026 | ₹ 6 | — | 1.60% | — | ₹ 200 |
| 29 Sep 2026 | ₹ 6 | — | 1.60% | — | ₹ 200 |
| 28 Sep 2026 | ₹ 6 | ▼ | 1.60% | — | ₹ 200 |
| 27 Sep 2026 | ₹ 8 | — | 2.13% | — | ₹ 200 |
| 26 Sep 2026 | ₹ 8 | — | 2.13% | — | ₹ 200 |
| 25 Sep 2026 | ₹ 8 | ▼ | 2.13% | — | ₹ 600 |
| 24 Sep 2026 | ₹ 20 | ▼ | 5.33% | — | ₹ 600 |
| 23 Sep 2026 | ₹ 51 | ▲ | 13.60% | — | ₹ 1600 |
| 22 Sep 2026 | ₹ 12 | — | 3.20% | — | ₹ 400 |
| 21 Sep 2026 | ₹ 12 | ▲ | 3.20% | — | — |
| 20 Sep 2026 | ₹ 1 | — | 0.27% | — | — |
| 19 Sep 2026 | ₹ 1 | — | 0.27% | — | — |
ArMee Infotech IPO dates
Key dates from opening to listing. Today is 2 November.
- Open 23 Sep 2026
- Close 25 Sep 2026
- Allotment 28 Sep 2026
- Refund/credit 29 Sep 2026
- Listing 30 Sep 2026
ArMee Infotech IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹375 |
|---|---|
| GMP-based estimate (pre-listing) | ₹381 (+1.6%) |
| Listing gain / loss | +₹0 per share |
| Listing date | 30 Sep, 2026 |
| Actual listing price | ₹375 (+0%) |
Is ArMee Infotech IPO GMP reliable?
Grey market premium for ArMee Infotech IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the ArMee Infotech IPO full review for a fundamentals-based assessment before making any grey market trades.
ArMee Infotech IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for ArMee Infotech IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was Retail: ₹200, BHNI: ₹2800. Unlike Kostak, Subject to Sauda only applies if you receive allotment.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About ArMee Infotech IPO
ArMee Infotech Limited was founded in 2003 and is based in Ahmedabad, Gujarat. It is an IT infrastructure and managed services company and part of the ArMee Group. Its customers are in government, corporates, banking, financial services and insurance, and education.
Its work covers four areas. IT infrastructure means supplying IT hardware and software along with installation, integration, maintenance and support. IT managed services covers providing technical manpower, skill development and training, and annual maintenance contracts. Retail sales is a newer line, where it runs Experience Zones selling IT products, consumer electronics and gaming merchandise. Renewable energy is the other new line, covering solar engineering, procurement and construction work, developing solar projects under power purchase agreements, and battery energy storage system projects.
As on 30 June 2026 it had 99 ongoing projects. Of these, 65 were IT infrastructure, 21 were IT managed services, 10 were renewable energy EPC, 1 was a renewable energy power purchase agreement and 2 were battery storage projects. Of the 99 projects, 74 were in Gujarat and 11 in Maharashtra.
Frequently asked
What is the GMP of ArMee Infotech IPO?
The current Grey Market Premium (GMP) of ArMee Infotech IPO is ₹ 6.
What is the Kostak Price of ArMee Infotech IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for ArMee Infotech IPO is not available.
What is the Subject to Sauda Price of ArMee Infotech IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is Retail: ₹200, BHNI: ₹2800.
What was the actual listing price of ArMee Infotech IPO?
ArMee Infotech IPO listed on September 30, 2026 at ₹375, against the issue price of ₹375 — a gain of +0%.
How did the GMP of ArMee Infotech IPO trend before listing?
The GMP of ArMee Infotech IPO was stable in its final days before listing. The GMP peaked at ₹51 on 23 September 2026. View the day-wise table above for the complete GMP history.
Explore ArMee Infotech IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
