Armour Security (India) Ltd - IPO

Armour Security (India) Ltd IPO Details

Initial public offer of up to 46,50,000 equity shares of face value of Rs. 10/- each of Armour Security (India). Ltd. (the Company or the Issuer) for cash at a price of Rs.57 per equity share including a share premium of Rs. 47 per equity share (the Issue Price) aggregating to Rs.26.51 crores (the Issue), of which 2,34,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs.57 per equity share including a share premium of Rs.47 per equity share aggregating to Rs.1.33 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. 44,16,000 equity shares of face value of Rs. 10/- each at a price of Rs.57 per equity share including a share premium of Rs.47 per equity share aggregating to Rs. 25.17 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.56% and 26.17% respectively of the post issue paid up equity share capital of the company.Price Band: Rs. 55 to Rs. 57 per equity share of face value of Rs. 10 each.The floor price is 5.5 times the face value of the equity shares, and the cap price is 5.7 times the face value of the equity shares.Bids can be made for minimum 4000 equity shares and in the multiple of 2000 equity shares thereafter.

Objective of issue

Funding of working capital requirements. Funding capital expenditure requirements for purchasing of machinery, equipment and vehicles. Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the company. General corporate expenses.

Armour Security (India) Ltd Contact Details

Armour Security (India) Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - cs@armoursecurities.com

Website - www.armoursecurities.com