Allotment

Armour Security IPO is a book-built issue worth ₹26.51 crore, comprising entirely a fresh issue of 0.47 crore equity shares.
The IPO will open for subscription on January 14, 2026, and close on January 19, 2026. The allotment is expected to be finalized on January 20, 2026, with a tentative listing on the NSE SME platform on January 22, 2026.
The price band for the Armour Security IPO has been fixed at ₹55 to ₹57 per share. The lot size for application is 2,000 shares. Retail investors are required to apply for a minimum of 2 lots (4,000 shares), amounting to ₹2,28,000 at the upper price band. For HNI investors, the minimum application size is 3 lots (6,000 shares), requiring an investment of ₹3,42,000.
Sobhagya Capital Options Pvt. Ltd. is the Book Running Lead Manager for the issue, while Skyline Financial Services Pvt. Ltd. is acting as the registrar. The market maker for the IPO is NNM Securities Pvt. Ltd.
₹570%
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Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
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IPO. Close
IPO. Price
IPO Market price
| IPO Date | 22 Jan |
| IPO Listing Date | 22 Jan |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹57.00 |
| IPO Issue Size | 46,50,000 shares |
| IPO Sale Type | Offer For Sale |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE-SME Platform |
| Share Holding Pre Issue | 1,22,20,000 shares |
| IPO Open Date | 14 Jan |
| IPO Close Date | 19 Jan |
| IPO Allotment (Tentative) | 20 Jan |
| Refunds | 21 Jan |
| Credit to Demat Account | 21 Jan |
| IPO Listing Date | 22 Jan |
| Category | Offer |
|---|---|
| QIB Shares Offered | 46,000 |
| NII (HNI) Shares Offered | 21,90,000 |
| Retail Shares Offered | 21,80,000 |
Investors can bid for a minimum of 4,000 shares, with additional shares to be purchased in multiples of 2,000.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,28,000 |
| Retail (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 |
Incorporated in August 1999, Armour Security India specializes in delivering a wide range of security and allied services, including armed guarding, manpower services, and security consultancy. The company primarily caters to commercial and residential clients across multiple sectors in India.
Armour Security India is recognized for its comprehensive security solutions and has built a strong reputation for reliability and service quality in the Indian security services market.
With PAN-India operations, the company operates through branches across various states, enabling it to effectively respond to the evolving dynamics of the security and facility management industry.
The company offers end-to-end private security solutions, covering security planning, deployment, supervision, and management services. It provides both individual security personnel and full security teams, customized to meet the requirements of sectors such as corporate, industrial, banking, healthcare, government, education, and universities.
In addition to security services, Armour Security India provides integrated facility management, housekeeping, and manpower services, including the supply of skilled, semi-skilled, and unskilled personnel.
Services Offered
Private Security Services: Deployment of trained security guards based on client-specific requirements.
Integrated Facility Management Services: Daily cleaning, waste management, building system maintenance, and security services.
Housekeeping Services: Office cleaning solutions including dusting, surface cleaning, carpet cleaning, and restroom maintenance.
Event Management Services: Security and management services for weddings, parties, conferences, and product launches.
Firefighting Services: Fire safety training, fire drills, equipment handling, and safety procedures.
Security Training: Specialized training programs for security officers addressing critical security issues and compliance policies.
Supervision Services: Customized supervision services aligned with client needs and industry standards.
Other Manpower Services: Provision of skilled, semi-skilled, and unskilled blue-collar manpower such as data entry operators, pantry staff, gardeners, drivers, cooks, attendants, plumbers, electricians, and clerical staff.
Human Resources
As of February 28, 2025, the company employed 37 permanent staff members and 1,269 contractual employees.
Competitive Strengths
Diversified Services Portfolio
Extensive Industry Expertise and Experience
Strong Compliance Framework and Certifications
High Customer Retention Levels
Effective Technology Integration
| Assets | 32.1 | 27.37 | 23.61 |
| Total Income | 19.69 | 36.56 | 33.1 |
| Profit After Tax | 2.9 | 3.97 | 2.62 |
| EBITDA | 4.3 | 4.97 | 3.67 |
| NET Worth | 21.34 | 18.43 | 14.46 |
| Reserves and Surplus | 9.12 | 6.21 | 2.24 |
| Total Borrowing | 6.01 | 4.69 | 1.8 |
| ROE | 13.61% |
| ROCE | 15.45% |
| Debt/Equity | 0.28 |
| RoNW | 13.61% |
| PAT Margin | 14.76 |
| EBITDA Margin | 21.84 |
| Price to Book Value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 1.61 |
| 2 | To meet out the expenses of Working Capital Requirement | 15.9 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Armour Security India Ltd. Address
B-87,
Second Floor Defence Colony
New Delhi, New Delhi, 110024
+91 9810139833
cs@armoursecurities.com
https://www.armoursecurities.com/
IPO Registrar
Skyline Financial Services Pvt.Ltd.
02228511022
grievances@skylinerta.com
https://www.skylinerta.com/ipo.php