ArMee Infotech IPO closes with 2.44x subscription
In short
ArMee Infotech’s IPO was subscribed 2.44 times. Bidders applied for 1.81 crore shares, while 74.30 lakh shares were on offer.
This matters because demand was stronger than supply, but the price band, allotment and listing date are not stated in the available reporting.
What the reporting says
ArMee Infotech’s IPO ended with 2.44 times subscription, receiving bids for 1.81 crore shares against 74.30 lakh shares on offer. The publisher-supplied summary gives the subscription figures but does not state the price band, allotment date or listing timeline. The immediate consequence is strong demand in the issue, while the final listing outcome remains unknown in the available reporting.
Why it matters
ArMee Infotech’s IPO closed with bids for 1.81 crore shares against 74.30 lakh shares on offer, resulting in 2.44x subscription. That suggests investor demand exceeded the shares available. The report is relevant to IPO-market activity, but it does not give the issue price, who the lead managers are, or when shares will list.