Armee infotech IPO Details Today : Armee infotech IPO Details Today is Open on [.] 2024 and Close on [.] 2024. Armee infotech IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh issue of [.] Shares (Approx ₹[.] Cr).
Incorporated in 2003, We have undertaken a wide variety of projects for both Government/PSUs and private sector clients. The range of projects undertaken by us are inclusive of supply and installation of IT hardware and software (eg. computers, servers), setting up of ICT labs, setting up of smart classes, installing digital infrastructure for public distribution system, digitalisation of primary agriculture credit societies etc. (PSUs) and private sector with a focus on Government/PSU projects and a predominant presence in the state of Gujarat.
Under IT Infrastructure solutions, we provide IT hardware and software (e.g., computers, servers, interactive panels and their peripherals), work on the installation and integration of the hardware and software as per the client requirements, and also provide maintenance of the IT Infrastructure installed by us for periods as may be specified under the relevant contracts.
We have undertaken multiple projects under the IT Infrastructure solutions segment including setting up of ICT labs, smart classes, installing digital infrastructure for public distribution system, mobile workforce management, and digitalization of primary agriculture credit societies etc.
We classify Ongoing Projects as projects wherein we have received contract/purchase orders and there is pending obligation either for supply and/or installation and/or maintenance as per the terms and conditions of the contract/purchase orders. As on December 31, 2023, we have 13 Ongoing Projects out of which six are under IT Infrastructure solutions category and seven are under IT managed services category. Further, as on December 31, 2023, we have 153 projects wherein we have completed the execution and received the payment in full but the term of the project for warranty period is still ongoing. The warranty period for these 153 projects ranges from three to five years depending upon the terms of the contract.
our Company has been part of successful implementation of Government schemes such as E-gram Vishwagram project by the Government of Gujarat, Deen Dayal Upadhyaya Grameen Kaushalya Yojana by Central Government, Gyankunj scheme- a digitization program of Government of Gujarat, Samagra Shiksha Abhiyan by Central Government amongst others.
we have a predominant presence in the state of Gujarat. Out of the 13 Ongoing Projects, 10 projects are being serviced in Gujarat and one project each is being serviced in Uttar Pradesh, Karnataka and Bihar.
We have provided IT Infrastructure solutions and IT managed services to various sectors including education, healthcare, public distribution system, rural & urban development, science & technology sectors etc.
we have provided our services to over 30 different state Government departments and PSUs and operated under various Government schemes. Being sector-agnostic helps us mitigate risks associated with specific industries that may experience downturns or economic fluctuations and allows us flexibility and adaptability to new sectors.
Object of the Issue
1. Augmentation of working capital requirements of our Company.
2. Prepayment or repayment of certain outstanding borrowings availed by our Company.
3. General corporate purposes.
Qualitative Factors
- Proven track record in executing projects for Government and PSU clients.
- Consistent track record of financial performance.
- Ability to service IT Infrastructure solutions and IT managed services to clients engaged in diverse sectors.
- Experienced Board of Directors and management with extensive domain knowledge.
Comparison with Industry Peers
- ArMee Infotech Limited.
- Dynacons Systems & Solutions Limited.
