ArMee Infotech IPO vs Midwest IPO

Comparison between ArMee Infotech IPO and Midwest IPO.

IPO Details

ArMee Infotech IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Midwest IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of ArMee Infotech IPO is up to ₹0.00 Cr whereas the issue size of the Midwest IPO is up to ₹451.00 Cr. The final issue price of ArMee Infotech IPO is and of Midwest IPO is ₹1,065.00 per share.

 ArMee Infotech IPOMidwest IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹1,014.00 per share
Issue Price (Upper)₹1,065.00 per share
Issue Price (Final)₹1,065.00 per share
Discount (Retail)
Discount (Employee)₹101.00 per share
Market Lot Size14 shares
Fresh Issue Size3,00,00,00,000 shares23,48,401 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹250.05 Cr
OFS Issue Size0 shares18,87,323 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹200.95 Cr
Issue Size Total3,00,00,00,000 shares42,35,724 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹451.00 Cr

IPO Timetable

ArMee Infotech IPO opens on , while Midwest IPO opens on Oct 15, 2025. The closing date of ArMee Infotech IPO and Midwest IPO is , and Oct 17, 2025, respectively.

Financials & KPIs

ArMee Infotech IPO P/E ratio is , as compared to Midwest IPO P/E ratio of 27.01.

 ArMee Infotech IPOMidwest IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202431 Mar 2024
Assets490.97673.50
Total Income604.901,023.99
Profit After Tax18.2150.13
NET Worth113.3995.18
Total Borrowing34.8127.26
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets1,082.811,058.70757.12656.00
Total Income146.47643.14603.33522.23
Profit After Tax24.38133.30100.3254.44
EBITDA38.97171.78151.4489.59
NET Worth577.03553.69421.93334.92
Reserves and Surplus625.60602.26484.86408.88
Total Borrowing270.11236.61120.48149.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92.7288.07
Promoter Shareholding (Post-Issue)77.13
P/E Ratio27.01
Market Cap₹3851.02 Cr.
ROE70.6719.42
ROCE57.5518.84
Debt/Equity0.290.43
EPS₹211.24₹39.42
RoNW52.6722.11

Shares Offered

In the ArMee Infotech IPO Retail Individual Investors (RII) are offered 0 shares while in Midwest IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in ArMee Infotech IPO and 8,45,070 shares in Midwest IPO.

 ArMee Infotech IPOMidwest IPO
Anchor Investor Reservation0 shares12,67,605 shares
Market Maker Reservation0 shares0 shares
QIB0 shares8,45,070 shares
NII0 shares6,33,803 shares
RII0 shares14,78,873 shares
Employee0 shares10,373 shares
Others
Total0 shares42,35,724 shares

Bids Received (Subscription)

ArMee Infotech IPO subscribed in total, whereas Midwest IPO subscribed 64.70x.

 ArMee Infotech IPOMidwest IPO
QIB (times)146.91x
NII (times)176.52x
Big NII (times)201.72x
Small NII (times)126.13x
RII (times)25.52x
Employee (times)25.80x
Other (times)
Total (times)64.70x

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ArMee Infotech IPO Vs Midwest IPO