Armour Security India IPO
GMP, Subscription, Price, Dates & Financial Details
Trading
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…
Open Date
Wed, 14 Jan 2026
Close Date
Mon, 19 Jan 2026
Price Band
₹ 55 – 57
Lot Size
2000
Issue Size
₹ 27.00 Cr
Minimum Investment
₹ 228,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Armour Security India IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹27.00 Crore.
The Armour Security India IPO remained open for subscription from January 14, 2026, to January 19, 2026. The basis of allotment was finalized on January 20, 2026, and the company's shares were listed on NSE SME Platform on January 22, 2026.
The company had fixed the price band at ₹55 to ₹57 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹228,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Corpwis Advisors Private Limited IPO Lead Manager acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Armour Security India Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Armour Security India IPO Timeline (Tentative)
- IPO Open Date
- Wed, 14 Jan 26
- IPO Close Date
- Mon, 19 Jan 26
- Basis of Allotment
- Tue, 20 Jan 26
- Initiation of Refunds
- Wed, 21 Jan 26
- Credit of Shares to Demat
- Wed, 21 Jan 26
- Listing Date
- Thu, 22 Jan 26 — NSE & BSE
Open Date
14 January 2026
Close Date
19 January 2026
Basis Of Allotment
20 January 2026
Listing Date
22 January 2026
IPO Subscription
Check Live Subscription →The Armour Security India IPO has received bids for 82,74,000 shares against 44,16,000 shares offered, resulting in an overall subscription of 1.87x. the NII category is subscribed 1.19x, Retail Investors 2.58x, and QIBs 1x. Within the NII category, BNII is subscribed 1.32x, while SNII is subscribed 0.92x.
QIB
1x
NII
1.19x
BNII
1.32x
SNII
0.92x
RII
2.58x
Total
1.87x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 21,80,000 shares, representing 49.37% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 46,000 shares (1.04%), while Non-Institutional Investors (NIIs) receive 21,90,000 shares (49.59%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 46,000 | 1.04% |
| Non-Institutional | 2,190,000 | 49.59% |
| BNII | 1,460,000 | 33.06% |
| SNII | 730,000 | 16.53% |
| Retail Investors | 2,180,000 | 49.37% |
| Total | 4,416,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Armour Security India Limited KPI Information
| 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 |
| Pat Margin % | 14.76 | 11.14 | 7.95 | 7.82 |
Peers Comparison
| 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 |
About Armour Security India Limited
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.
Armour Security India IPO Promoters
- Mr. Vinod Gupta
- Mrs. Arnima Gupta
Promoters Holding
Holding Pre Issue
96.80%
Holding Post Issue
0.00%
Armour Security India IPO Objective
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
Armour Security India Limited Address / Contact Details
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
Armour Security India IPO Lot Size
The Armour Security India IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,28,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,28,000.
| 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 |
Issue Reservation
- QIB — 1.04%
- NII — 49.59%
- RII — 49.37%
Book Running Lead Managers
- Corpwis Advisors Private Limited IPO Lead Manager
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Armour Security India IPO?
Armour Security India IPO is a Book-building IPO with a total issue size of ₹27 crore. The Armour Security India IPO price band is ₹55 to 57 per share. The Armour Security India IPO subscription opens on Wed, Jan 14, 2026, and closes on Mon, Jan 19, 2026. The Armour Security India IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Armour Security India IPO.
When will the Armour Security India IPO open for subscription?
The Armour Security India IPO opens on Wed, Jan 14, 2026 and closes on Mon, Jan 19, 2026
What is Armour Security India IPO Price Band?
Armour Security India IPO Price Band is ₹55 to 57 per share.
What is Armour Security India IPO Lot Size?
Armour Security India IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹228000 based on the upper price band
What is the minimum investment for Armour Security India IPO?
The minimum investment for Armour Security India IPO is ₹228000, based on one lot of 2000 shares at the upper price band of ₹57 per share.
How to apply for Armour Security India IPO?
Investors can apply for the Armour Security India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jan 19, 2026. The application amount remains blocked until the Armour Security India IPO allotment is finalized.
What is Armour Security India IPO Issue Size?
Armour Security India IPO issue size is ₹27 crores.
What is the Armour Security India IPO Allotment Date?
Armour Security India IPO allotment date is Tue, Jan 20, 2026.
Who is the Armour Security India IPO Registrar?
The registrar for Armour Security India IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Armour Security India IPO allotment status, refund processing, and other IPO-related information.
Who is the Armour Security India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Armour Security India IPO are Corpwis Advisors Private Limited IPO Lead Manager. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Armour Security India IPO Red Herring Prospectus (RHP).