IPO

Armour Security India Limited IPO

NSE SME

Listed On: Jan 22, 2026 at ₹ 45.6

₹ 228000 /4000 Shares
*Min Investment

Check Allotment

14 Jan, 2026

Open Date

19 Jan, 2026

Close Date

20 Jan, 2026

Allotment Date

22 Jan, 2026

Listing Date
Armour Security India IPO Live Subscription Details
View Subscription Details
QIB 1.00x
Individual 2.58x
NIIs 1.19x
BHNI 1.32x
SHNI 0.92x
Individual 2.58x
Total 1.87x
Last updated: 19 Jan 2026, 05:57 PM
Armour Security India IPO Issue Details
  • Issue Price ₹55-57 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 46,50,000 shares(aggregating up to ₹26.51 crore)
  • Fresh Share 46,50,000 shares(aggregating up to ₹26.51 crore)
  • Listing at NSE SME
  • List Price 45.6
  • Listing Date 2026-01-22
  • Lead Manager Sobhagya Capital Options Limited
  • Registrar Skyline Financial Services Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 4000 ₹2,28,000
Individual(max) 2 4000 ₹2,28,000
SHNI(min) 3 6000 ₹3,42,000
SHNI(max) 8 16000 ₹9,12,000
BHNI(min) 9 18000 ₹10,26,000
Armour Security India IPO Reservation

Armour Security India IPO offers total 4650000 shares. Out of which 46000 (0.99%) allocated to QIB, 2190000 (47.1%) allocated to NII,2180000 (46.88%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Market Maker Shares Offered 234000 (5.03%)
QIB Shares Offered 46000 (0.99%)
NII (HNI) Shares Offered 2190000 (47.1%)
bNII > ₹10L 1458000 (30%)
sNII < ₹10L 732000 (15%)
Individual Shares Offered 2180000 (46.88%)
Total Shares Offered 4650000 (100%)
Armour Security India IPO Documents
Armour Security India IPO Details


Armour Security India Limited IPO is an SME IPO, priced at ₹55-57 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 46,50,000 equity shares, aggregating up to ₹26.51 crores..

The IPO bidding window is open from Jan 14, 2026 to Jan 19, 2026. The allotment is expected to be finalized on Jan 20, 2026, and the tentative listing date is Jan 22, 2026.

The minimum lot size for Individual investors is 4000 shares, with a minimum investment of ₹2,28,000.

Sobhagya Capital Options Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Pvt.Ltd., and

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Armour Security India IPO Subscription Analysis And Details
Retail
2.58x
QIB
1.00x
NII
1.19x
bNII
1.32x
sNII
0.92x
Total
1.87x
As on QIB NII
bNII   sNII
Individual Total
Shares Offered / Reserved 46,000 21,90,000
14,58,000    7,32,000
21,80,000 44,16,000
Day 1 14-01-26 05:00 PM
0.00 x 0.02 x
0.01 x   0.03 x
0.08 x 0.05 x
Day 2 16-01-26 05:00 PM
1.00 x 0.71 x
1.02 x   0.09 x
0.38 x 0.55 x
Day 3 19-01-26 05:00 PM
1.00 x 1.19 x
1.32 x   0.92 x
2.58 x 1.87 x

Total No of Applications
1,512
Subscription on the basis of Applications
Retail:2.58x BHNI:0.06x SHNI:0.74x
Armour Security India Valuations
EPS Pre IPO ₹3.25/-
EPS Post IPO ₹3.44/-
P/E Pre IPO 17.53
P/E Post IPO 16.55
Price to Book Value 3.78
Market Cap. 96.16 Cr.
Armour Security India Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 32.10 27.37 23.61 15.51
Revenue 19.69 36.56 33.10 28.97
Profit After Tax 2.90 3.97 2.62 2.26
Net Worth 21.34 18.43 14.46 3.49
Reserves & Surplus 9.12 6.21 2.24 3.48
Total Borrowing 6.01 4.69 1.80 0.85
About Armour Security India Company

Incorporated in August 1999, Armour Security India is a company that has expertise in various security services such as armed guarding, manpower services, and consultancy. The main business of the company revolves around commercial and residential security.
This company is renowned for its overall security solutions as well as its reputation for consistent service delivery within the Indian context.

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Armour Security India - Promoter(s)

Mr. Vinod Gupta

Mrs. Arnima Gupta

Pre Issue Share Holding : %

Post Issue Share Holding : %

Armour Security India IPO - Issue Objectives
1

Funding of Working Capital requirement

2

Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles

3

Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company

4

General corporate purposes

Contact Details

Armour Security India

B-87, Second Floor Defence Colony New Delhi, New Delhi, 110024

+91 9810139833

cs@armoursecurities.com

https://www.armoursecurities.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php