Armour Security India – IPO

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 finalised 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 India – IPO Details

IPO Date January 14, 2026 to January 19, 2026
Listing Date January 22, 2026
Face Value ₹ 10 / Share
Price Band ₹ 55 to ₹ 57 / Share
Lot Size 2000 Shares
Total Issue Size 46,50,000 shares
(Aggregating up to ₹27 Cr)
Fresh Issue
Offer for Sale
Employee Discount
Issue Type Bookbuilding IPO
Listing At NSE SME
Share holding pre issue 1,22,20,000 shares
Share holding post issue 1,68,70,000 shares
Market Maker portion

Armour Security India Timeline (Tentative Schedule)

Armour Security India IPO opens on January 14, 2026, and closes on January 19, 2026.

IPO Open Date January 14, 2026
IPO Close Date January 19, 2026
Basis of Allotment January 20, 2026
Initiation of Refunds January 21, 2026
Credit of Shares to Demat January 21, 2026
Listing Date January 22, 2026
Cut-off time for UPI mandate confirmation January 19, 2026

Armour Security India IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. 

Application Lots Shares Amount
Retail (Min) 2 4,000 Rs.228,000
Retail (Max) 2 4,000 Rs.228,000
S-HNI (Min) 3 6,000 Rs.342,000
S-HNI (Max) 8 16,000 Rs.912,000
B-HNI (Min) 9 18,000 Rs.1,026,000
HNI (Min)

Armour Security India IPO Promoter Holding

Share Holding Pre Issue 96.80%
Share Holding Post Issue

Armour Security India IPO Reservation

Armour Security IPO offers a total of 46,50,000 shares. Out of which 46,000 (0.99%) allocated to QIB, 21,90,000 (47.10%) allocated to NII, 21,80,000 (46.88%) allocated to RII.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered
Market Maker Shares Offered 2,34,000
(5.03%)
Other Shares Offered
QIB Shares Offered 46,000
(0.99%)
NII (HNI) Shares Offered 21,90,000
(47.10%)
bNII > ₹10L 14,60,000
(31.40%)
sNII < ₹10L 7,30,000
(15.70%)
Retail Shares Offered 21,80,000
(46.88%)
Employee Shares Offered
Total Shares Offered 46,50,000
(100.00%)

Armour Security India IPO Anchor Investors Details

Bid Date
Shares Offered
Anchor Portion Size (In Cr.)
Anchor lock-in period end date for 50% shares (30 Days)
Anchor lock-in period end date for remaining shares (90 Days)

About Armour Security India

Incorporated in August 1999, Armour Security India specializes in providing a range of security services, including armed guarding, manpower services, and consultancy, primarily focused on commercial and residential security needs across various sectors.

The company is known for its comprehensive security solutions and reputation for reliable service within the Indian market.

The company has PAN India operations with branches in various states to navigate the ever-changing dynamics of the security market.

The company offers its clientele a comprehensive private security solution, encompassing security planning and management services.

The company offers individual security personnel and full teams tailored to sectors like corporate, industrial, banking, healthcare, government, education, and universities.

The company offers integrated facility management, housekeeping, and manpower services, comprising skilled, semi-skilled, and unskilled personnel.

The company's services include the following:-

  • Private Security Services: Private security services provide trained security guards based on client requirements.
  • Integrated Facility Management Services: Offerings include daily cleaning services, waste disposal, building systems maintenance and security.
  • House Keeping Services: Offers office cleaning services, including dusting, surface cleaning, carpet cleaning, and bathroom maintenance.
  • Event Management Services: Event Management for weddings, parties, conferences, and product launches.
  • Firefighting Services: Firefighting services include training in drills, equipment use, and safety procedures.
  • Security Training: Offers training for security officers on critical security issues and policies.
  • Supervision Services: Supervision Services tailored to client needs and industry standards.
  • Other Manpower Services: Offers skilled, semi-skilled, or unskilled blue-collar manpower for various tasks, including data entry operators, pantry staff, gardeners, drivers, cooks, attendants, plumbers, electricians, and clerks as clients need.

As of February 28th, 2025, the company had 37 permanent employees and 1269 contractual employees.

Competitive Strength:

  • Diversified Services Portfolio
  • Expertise and Experience.
  • Compliance and Certifications.
  • Customer Retention.
  • Technology Integration

Key Performance Indicator

KPI Values
ROE 13.61%
ROCE 15.45%
Debt/Equity 0.28
RoNW 13.61%
P/BV 3.78
PAT Margin (%) 14.76
  Pre IPO Post IPO
EPS (Rs) 3.25 3.44
P/E (x) 17.53 16.55

Note:

  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 202,5 available in RHP.

Objects of the Issue (Armour Security India IPO Objectives)

Armour Security India Contact Details

Armour Security India Ltd.

B-87,

Second Floor Defence Colony

New Delhi, New Delhi, 110024

Armour Security India IPO Registrar

Skyline Financial Services Pvt.Ltd.

Frequently Asked Questions


What is Armour Security India IPO?
The Armour Security India IPO is classified as an SME IPO. The issue price is set between ₹55 and ₹57 per equity share. A minimum of 2000 shares is required per order. The IPO will be open from January 14, 2026, to January 19, 2026. The shares are proposed to be listed on NSE SME.

When does the Armour Security India IPO open and close?
The Armour Security India IPO will be opened on January 14, 2026, and closed on January 19, 2026.

What is the issue size of the Armour Security India IPO?
The size of the Armour Security India IPO is ₹27 Crin total. A fresh issue of shares, aggregating up to , is included.

What is the price band of the Armour Security India Limited IPO?
The price band for the IPO has been set between ₹55 - ₹57 per equity share.

What is the allotment date of the Armour Security India IPO?
The share allotment date for the Armour Security India IPO is set for January 20, 2026.

What is the Armour Security India listing date?
The Armour Security India IPO is scheduled to be listed on January 22, 2026.

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