Armour Security (India) Ltd. IPO

Armour Security (India) Ltd. IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹55 - ₹57

Total Issue

₹26.51 Cr

Bid Dates

14 Jan - 19 Jan

Subscription

1.87x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Armour security was established in 1999 and specializes in providing comprehensive private security and integrated facility management solutions across India. The Company offers a wide range of services including security planning and management, integrated facility management, housekeeping services, and manpower provision comprising skilled, semi-skilled and unskilled personnel to meet diverse client requirements. With over two decades of operational experience, ARMOUR SECURITY (INDIA) LTD. has built a strong presence in the security manpower services and facility management sector. From its inception with a single office in Defence Colony, Delhi, the Company has expanded its footprint across multiple states, consistently delivering reliable, quality-driven services to government, institutional and private clients.

Lot Info

Lot Information for Armour Security IPO
Category Lots Shares Amount
Individual (Min) 2 4,000 ₹2,28,000
Individual (Max) 2 4,000 ₹2,28,000
S-HNI (Min) 3 6,000 ₹3,42,000
S-HNI (Max) 8 16,000 ₹9,12,000
B-HNI (Min) 9 18,000 ₹10,26,000
Market Maker
2,34,000 Eq.Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹26.51 Cr
Fresh Issue
₹26.51 Cr (0.47 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹57
Est. Gain 0.00%

Armour Security IPO Peer Comparison

(Rs. in crores)

Armour Security IPO Peer Comparison Table
Particulars Armour Security Kapston Services
Revenue 35.66 689.43
PAT 3.97 17.84
EPS (₹) 3.25 8.79
NAV (₹) 15.08 43.81
RONW 21.56% 20.07%
EBITDA 13.94% 4.49%
PAT Mrgn 11.14% 2.59%
PE Ratio 17.54 34.12
Debt to Equity 0.25 1.81

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 31st, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Armour Security IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 19.68 35.66 32.93 28.85
PAT 2.90 3.97 2.62 2.26
Net Worth 21.34 18.43 14.46 3.49
Borrowings 6.01 4.69 1.80 0.85
Assets 32.10 27.37 23.61 15.51
NAV (₹) 17.46 15.08 11.83 6.43
EPS (₹) 2.38 3.25 3.67 4.16

KPIs

EBITDA

13.94%

PAT

11.14%

ROE

21.56%

ROCE

24.47%

Debt to Equity

0.25

PE Ratio

17.54

PB Ratio

3.78

Mkt Cap (in Crs.)

96.16

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

96.80%

Public

3.20%

Vinod Gupta 48.40%
Arnima Gupta 48.40%

Management

Krishna Singh Chairman
Arnima Gupta MD
Subodh Jindal CFO

Registrar & Lead Managers

Registrar

Skyline Financial Services

Skyline Financial Services

Lead Managers (1)

Sobhagya Capital Sobhagya Capital

Subscription Status

Updated as on 19-Jan-2026 19:00:07 hrs

Category Sub (x) Offered Bids
QIB 1.00x 46,000 46,000
NII 1.08x 21,90,000 23,70,000
bHNI 1.16x 14,60,000 16,96,000
sHNI 0.92x 7,30,000 6,74,000
Individual Investor 2.58x 21,80,000 56,24,000
Total 1.82x 44,16,000 80,40,000

Frequently Asked Questions

What is Armour Security IPO?
Armour Security IPO is a SME IPO having an issue size of ₹26.51 Crs. Armour Security IPO is priced at ₹55 - ₹57 per share. The issue opens on 14 Jan 26 and closes on 19 Jan 26.
When will Armour Security IPO open?
Armour Security IPO opens on 14 Jan 26 and closes on 19 Jan 26.
What is the GMP of Armour Security IPO?
The estimated Grey Market Premium of Armour Security IPO is ₹0 per share (0.00%).
What is the lot size of Armour Security IPO?
The minimum lot size of Armour Security IPO is 2000 shares & the minimum application amount is Rs. 114000.
When is the allotment of Armour Security IPO?
The allotment date of Armour Security IPO is 20 Jan 26.
What is the listing date of Armour Security IPO?
The listing date of Armour Security IPO is 22 Jan 26.
What is the subscription of Armour Security IPO?
Armour Security IPO is subscribed 1.87 times.
What is the price band of Armour Security IPO?
Armour Security IPO is priced at ₹55 - ₹57 per share.
How to check allotment status of Armour Security IPO?
Click the allotment link on Armour Security IPO page of IPO360.
How to apply Armour Security IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Armour Security IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Armour Security IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Armour Security IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date