Armour Security India IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 55 – 57
Lot Size
2000
Issue Size
₹27 Cr
Minimum Investment
₹228000 (4000 Shares)
Listing Date
22 January 2026
Subscription
1.87x
About the Company
Armour Security India, incorporated in August 1999, is a leading private security and facility management service provider in India. The company specializes in delivering comprehensive security solutions, including armed and unarmed guarding, manpower services, and security consultancy, catering primarily to commercial, residential, and institutional clients across multiple sectors.
With PAN India operations and branch offices across various states, Armour Security India is well-positioned to adapt to the evolving dynamics of the security and facility management industry. The company is recognized for its reliable service delivery, professional workforce, and customized security solutions tailored to client-specific requirements.
Comprehensive Service Offerings
Armour Security India provides end-to-end private security and facility management solutions, encompassing security planning, deployment, supervision, and operational management. Services are customized for diverse sectors, including corporate, industrial, banking, healthcare, government, education, and universities.
Key Services Include:
- Private Security Services
Deployment of trained armed and unarmed security personnel as per client specifications and site requirements. - Integrated Facility Management Services
Comprehensive services including daily cleaning, waste management, building maintenance, and security operations. - Housekeeping Services
Professional office and facility cleaning services such as dusting, surface sanitation, carpet cleaning, and restroom maintenance. - Event Management Services
Security and manpower support for events including weddings, social gatherings, corporate conferences, exhibitions, and product launches. - Firefighting Services
Fire safety services including mock drills, fire equipment handling, emergency response training, and safety compliance procedures. - Security Training Services
Structured training programs for security personnel focusing on operational readiness, safety protocols, and critical security issues. - Supervision Services
Dedicated supervisory staff ensuring service quality, compliance with industry standards, and client satisfaction. - Other Manpower Services
Provision of skilled, semi-skilled, and unskilled blue-collar manpower, including data entry operators, pantry staff, gardeners, drivers, cooks, attendants, plumbers, electricians, clerks, and other support personnel as required by clients.
Workforce Strength
As of February 28, 2025, Armour Security India employed:
- 37 permanent employees, and
- 1,269 contractual employees,
ensuring scalable and efficient service delivery across its operational footprint.
Promoters
- Mr. Vinod Gupta
- Mrs. Arnima Gupta
Promoters Holding
Holding Pre Issue
96.80%
Holding Post Issue
0.00%
Objects of the Issue
The Company Armour Security India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- 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 our Company
- General Corporate Expenses
Address / Contact Info
Armour Security India Ltd.
B-87,
Second Floor Defence Colony
New Delhi, New Delhi, 110024
Phone: +91 9810139833
Email: cs@armoursecurities.com
Website: https://www.armoursecurities.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 14 January 2026
IPO Close Date
Monday, 19 January 2026
Basis of Allotment
Tuesday, 20 January 2026
Initiation of Refunds
Wednesday, 21 January 2026
Credit of Shares to Demat
Wednesday, 21 January 2026
Listing Date
Thursday, 22 January 2026 — NSE & BSE
Important Dates
Open Date
14 January 2026
Close Date
19 January 2026
Basis Of Allotment
20 January 2026
Listing Date
22 January 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 32.1 | 27.37 | 23.61 | 15.51 |
| Revenue | 19.69 | 36.56 | 33.1 | 28.97 |
| Profit After Tax | 2.9 | 3.97 | 2.62 | 2.26 |
| Net Worth | 21.34 | 18.43 | 14.46 | 3.49 |
| Reserve & Surplus | 9.12 | 6.21 | 2.24 | 3.48 |
| Total Borrowings | 6.01 | 4.69 | 1.8 | 0.85 |
EPS Pre
3.25%
EPS Post
3.44%
P/E Pre
17.53
P/E (Post Issue)
16.55x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 13.61 | 21.56 | 18.1 | 64.65 |
| ROCE % | 15.45 | 24.47 | 22.26 | 70.2 |
| Debt / Equity | 0.28 | 0.25 | 0.12 | 0.24 |
| RoNW % | 13.61 | 21.56 | 18.1 | 64.65 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 14.76 | 11.14 | 7.95 | 7.82 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 46000 | 1.04 | 0 |
| Non-Institutional | 2190000 | 49.59 | 0 |
| BNII | 1460000 | 33.06 | 0 |
| SNII | 730000 | 16.53 | 0 |
| Retail Investors | 2180000 | 49.37 | 0 |
| Total | 4416000 | 100 | 0 |
Subscription Status ( Mon, 19 Jan 26 01:57 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 46000 | 46000 | 1x |
| Non-Institutional | 2190000 | 2604000 | 1.19x |
| BNII | 1460000 | 1930000 | 1.32x |
| SNII | 730000 | 674000 | 0.92x |
| Retail Investors | 2180000 | 5624000 | 2.58x |
| Total | 4416000 | 8274000 | 1.87x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Armour Security India Ltd | 10 | 0.00 | 3.25 | 3.25 | 21.56 | 15.08 |
| Kapston Services Ltd | 5 | 34.12 | 8.79 | 8.79 | 20.07 | 43.81 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 228,000.00 |
| Retail (Max) | 2 | 4,000 | 228,000.00 |
| S-HNI (Min) | 3 | 6,000 | 342,000.00 |
| S-HNI (Max) | 8 | 16,000 | 912,000.00 |
| B-HNI (Min) | 9 | 18,000 | 1,026,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Corpwis Advisors Private Limited IPO Lead Manager
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Armour Security India IPO is a Book-building IPO worth ₹27 crores. The price band is ₹55 to 57 per share. The IPO opens on Wed, Jan 14, 2026 and closes on Mon, Jan 19, 2026. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Armour Security India IPO opens on Wed, Jan 14, 2026 and closes on Mon, Jan 19, 2026
Armour Security India IPO Price Band is ₹55 to 57.
Armour Security India IPO lot size is 2000, and the minimum amount required for application is ₹228000.
The minimum investment for Armour Security India IPO is approximately ₹228000 based on the upper price band.
To apply for the Armour Security India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Jan 19, 2026. After submission, funds are blocked until the basis of allotment of Armour Security India IPO is finalised.
Armour Security India IPO issue size is ₹27 crores.
Armour Security India IPO allotment date is Sat, Jun 27, 2026.
The registrar for Armour Security India IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Armour Security India IPO through their official website or helpline.