Armee Infotech Ltd - IPO

Armee Infotech Ltd IPO Details

Initial public offering of 80,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Armee Infotech Limited (the Company or the Issuer) for cash at a price of Rs. 375 per equity share (Issue Price) (Including A Premium of Rs. 365 Per Equity Share) aggregating to Rs. 300.00 Crores (the Issue). The issue comprises of a fresh issue of 80,00,000 equity shares by the company aggregating to Rs. 300.00 Crores. The Issue and the net issue constitute 25.21% and 25.21% of the post-issue paid-up equity share capital of the company, respectively.Price Band: Rs. 375 per equity share of face value of Rs. 10 each.The floor price is 37.50 times of the face value of the equity shares.Bids can made for a minimum quantity of 40 equity shares of face value of Rs. 10 each and in multiples of 40 equity shares of face value of Rs. 10 each thereafter.

Objective of issue

Funds for the purpose of securing PBGs for expansion of business. Funding the comapny working capital requirements. Prepayment or repayment of certain outstanding borrowings availed by the Company. General Corporate Purpose.

Armee Infotech Ltd Contact Details

Armee Infotech Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@armeeinfotech.com

Website - www.armeeinfotech.com