Armour Security IPO Lists at ₹45.60 on NSE, Trading 20% below Issue Price

Armour Security IPO debuted on the NSE at ₹45.60, a 20% discount to its issue price, with the last grey market premium reported at ₹0. The IPO, priced in the band of ₹55–57 per share, was subscribed 1.82 times overall, with retail investors oversubscribing 2.58 times. QIBs and NIIs subscribed 1.00x and 1.08x, respectively.

IPO Details

• Issue Size: ₹27 crore (fresh issue, face value ₹10)
• Lot Size & Investment:
• Retail: 4,000 shares, ₹2.28 lakh minimum
• S-HNI: 6,000 shares, ₹3.42–9.12 lakh
• B-HNI: 18,000 shares, ₹10.26 lakh minimum
• Subscription Dates: January 14–19, 2026
• Allotment: January 20, 2026
• Listing: January 22, 2026

Use of Proceeds

Funds will be used for working capital, capital expenditure (machinery, equipment, vehicles), repayment of borrowings, and general corporate purposes.

About the Company

Founded in August 1999, Armour Security India provides comprehensive security solutions, including armed guards, manpower support, and consultancy for corporate, industrial, banking, healthcare, government, and educational sectors. The company is known for reliable, end-to-end security services across India.