Armour Security GMP IPO Date, Review, Price, Allotment Details IPO
Armour Security IPO Summary
IPO Open Date: 14 Jan 2026
IPO Close Date: 19 Jan 2026
Price Band: ₹55 to ₹57 Per Share
Issue Size: Approx ₹27 Crores
Listing Exchange: NSE SME
Website: https://www.armoursecurities.com/
Armour Security IPO Overview
Armour Security IPO is a book build issue of ₹26.51 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹26.51 crore.
Armour Security IPO opens for subscription on Jan 14, 2026 and closes on Jan 19, 2026. The allotment for the Armour Security IPO is expected to be finalized on Jan 20, 2026. Armour Security IPO will list on NSE SME with a tentative listing date fixed as Jan 22, 2026.
Armour Security IPO price band is set at ₹55 to ₹57 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,28,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,42,000.
Armour Security IPO Details
| Company Name | Armour Security India Ltd |
| IPO Open Date | 14 Jan 2026 |
| IPO Close Date | 19 Jan 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹55 to ₹57 Per Share |
| Issue Size | Approx ₹27 Crores |
| Fresh Issue | Approx ₹27 Crores |
| Offer for Sale | - |
| Issue Type | Book Build Issue |
| Listing On | NSE SME |
Armour Security IPO Review & Key Points
NeutralArmour Security IPO Market Lot
The Armour Security IPO minimum market lot is 4,000 shares with ₹2,28,000 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,28,000 |
| Retail Maximum | 2 | 4,000 | ₹2,28,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,42,000 |
| S-HNI Maximum | 8 | 16,000 | ₹9,12,000 |
| B-HNI Minimum | 9 | 18,000 | ₹10,26,000 |
Armour Security IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 46,000 Shares | 0.99% |
| NII / HNI | 21,90,000 Shares | 47.10% |
| Retail | 21,80,000 Shares | 46.88% |
Armour Security IPO Dates & Allotment
The Armour Security IPO date is January 14 and the close date is January 19. The Armour Security IPO allotment will be finalized on January 20 and the IPO listing on January 22.
| IPO Opening Date | 14 Jan 2026 |
| IPO Closing Date | 19 Jan 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 20 Jan 2026 |
| Refunds Initiation | 21 Jan 2026 |
| Credit to Demat | 21 Jan 2026 |
| IPO Listing Date | 22 Jan 2026 |
Armour Security IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Funding of Working Capital requirement | ₹15.90 |
| Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles | ₹1.61 |
| Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company | ₹2.40 |
| General Corporate Purpose | ₹- |
Armour Security India Ltd Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹28.97 | ₹25.96 | ₹2.26 | ₹15.51 |
| 2024 | ₹33.10 | ₹29.60 | ₹2.62 | ₹23.61 |
| 2025 | ₹36.56 | ₹31.25 | ₹3.97 | ₹27.37 |
| Sep 2025 | ₹19.69 | ₹15.81 | ₹2.90 | ₹32.10 |
Armour Security IPO Valuation
Check Armour Security IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹3.25 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 21.56% |
| Return on Capital Employed (ROCE) | 24.47% |
| Return on Net Worth (RoNW) | 21.56% |
| Net Asset Value (NAV) | ₹15.08 |
| EBITDA Margin | 13.94% |
| PAT Margin | 11.14% |
| Debt to Equity Ratio | 0.25 |
Armour Security IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total Income |
|---|---|---|---|---|---|
| Kapston Services Limited | 8.79 | 34.12 | 20.07% | 43.81 | 688.70 Cr. |
Armour Security IPO Promoters & Holding Pattern
The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,22,20,000 | 96.80% |
| Promoter Holding Post Issue | 1,68,70,000 | -% |
Armour Security IPO Lead Managers (Merchant Bankers)
- Corpwis Advisors Pvt.Ltd.
About Armour Security India Ltd
Armour Security (India) Ltd is a New Delhi-based provider of private security and integrated facility management services, established in 1999. The company has transitioned from a private to a public limited entity as of May 2024 and is currently launching an initial public offering (IPO) in January 2026.
Armour Security India Ltd Address
B-87,Second Floor Defence Colony, New Delhi, 110024Phone: +91 9810139833
Email: [email protected]
Armour Security IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php