Home / Business and Economy / Armour Security IPO: Rs. 26.51 Cr Offer Opens
Armour Security IPO: Rs. 26.51 Cr Offer Opens
12 Jan
Summary
- Armour Security India IPO aims to raise Rs. 26.51 crores.
- The issue price is set at Rs. 57 per equity share.
- Minimum investment requires 4000 equity shares.
Armour Security (India) Ltd has initiated its Initial Public Offering (IPO), presenting an opportunity to invest in up to 46,50,000 equity shares. The offering is priced at Rs. 57 per share, including a premium of Rs. 47, with the total issue size reaching Rs. 26.51 crores. This move aims to bolster the company's capital base and expand its market presence.
A specific allocation of 2,34,000 equity shares has been reserved for a market maker, amounting to Rs. 1.33 crores. The remaining 44,16,000 equity shares form the net issue, valued at Rs. 25.17 crores. This net issue represents 26.17% of the company's total equity share capital post-issuance.
The IPO's price band is set between Rs. 55 and Rs. 57 per share. Bids must be made for a minimum of 4000 equity shares, with subsequent bids in multiples of 2000 shares. The floor price is 5.5 times the face value, and the cap price is 5.7 times the face value.
