Luthra and Luthra acts on Armee Infotech on ₹300 crore IPO

ArMee Infotech Limited has raised ₹300 crore through an initial public offering comprising a fresh issue of 8,000,000 equity shares.

Luthra and Luthra Law Offices India advised ArMee Infotech as well as the book running lead managers Khandwala Securities Limited and Saffron Capital Advisors Private Limited on this IPO.

The transaction team consisted of Akshit Kapoor (Partner), Kshitij Asthana (Managing Associate), Associates Manali Singh, Swetapadma Priyadarshini, Ashwin Singh, Karan Kapoor, Savar Arora, Kumar Anant Ashish and Shashwat Tyagi.

ArMee Infotech is an IT infrastructure and IT managed services company, with operations spanning retail sales of IT, consumer electronics, gaming and merchandise products, as well as renewable energy, including engineering, procurement and construction of solar power projects, development of solar power projects and battery energy storage systems. The Company serves government and public sector undertakings (PSUs), as well as private sector clients, across a wide variety of industries.

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