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Open
14 Jan 2026
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Close
19 Jan 2026
3
Allotment
—
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Listing
Thu, Jan 22, 2026
Price Band
₹55 to ₹57
Issue Size
46,50,000 shares (agg. up to ₹27 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Jan 22, 2026
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
22-01-2026₹0Est. ₹57+0%
21-01-2026₹0Est. ₹57+0%
20-01-2026₹0Est. ₹57+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.45x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 32.10 | 27.37 | 23.61 | 15.51 |
| Total Income | 19.69 | 36.56 | 33.10 | 28.97 |
| Profit After Tax | 2.90 | 3.97 | 2.62 | 2.26 |
| EBITDA | 4.30 | 4.97 | 3.67 | 3.12 |
| NET Worth | 21.34 | 18.43 | 14.46 | 3.49 |
| Reserves and Surplus | 9.12 | 6.21 | 2.24 | 3.48 |
| Total Borrowing | 6.01 | 4.69 | 1.80 | 0.85 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Dhara Rail Projects Ltd. | SME | ₹50.20 Cr | ₹126 | 21.43 | ₹157.50 | +25.00% | ₹134.50 (+1.09%) |
| Clear Secured Services Ltd. | SME | ₹85.60 Cr | ₹132 | 23.36 | ₹113.05 | -14.36% | ₹104.00 (+2.06%) |
| Sheel Biotech Ltd. | SME | ₹34.02 Cr | ₹63 | 8.86 | ₹95.55 | +51.67% | ₹70.25 (-2.43%) |
| Happy Square Outsourcing Services Ltd. | SME | ₹24.25 Cr | ₹76 | 10.83 | ₹80.85 | +6.38% | ₹42.20 (+4.84%) |
| Moving Media Entertainment Ltd. | SME | ₹43.40 Cr | ₹70 | 8.49 | ₹74.55 | +6.50% | ₹29.80 (-4.94%) |
| Icon Facilitators Ltd. | SME | ₹19.11 Cr | ₹91 | 11.72 | ₹85.50 | -6.04% | ₹69.00 (+2.83%) |
| Nukleus Office Solutions Ltd. | SME | ₹31.70 Cr | ₹234 | 52.33 | ₹196.55 | -16.00% | ₹221.70 (-0.54%) |
| Eleganz Interiors Ltd. | SME | ₹78.07 Cr | ₹130 | 17.67 | ₹116.05 | -10.73% | ₹94.20 (+0.16%) |
| Chamunda Electrical Ltd. | SME | ₹14.60 Cr | ₹50 | 16.59 | ₹66.50 | +33.00% | ₹43.15 (-3.58%) |
| EMA Partners India Ltd. | SME | ₹76.01 Cr | ₹124 | 15.56 | ₹148.70 | +19.92% | ₹83.00 (-0.48%) |
| WeWork India Management Ltd. | Mainboard | ₹2,999.64 Cr | ₹648 | 67.75 | ₹628.65 | -2.99% | ₹728.05 (+1.01%) |
| Dev Accelerator Ltd. | Mainboard | ₹143.35 Cr | ₹61 | 233.25 | ₹64.05 | +5.00% | ₹34.19 (-1.18%) |
| Indiqube Spaces Ltd. | Mainboard | ₹700.00 Cr | ₹237 | null | ₹217.97 | -8.03% | ₹171.01 (-2.12%) |
| Smartworks Coworking Spaces Ltd. | Mainboard | ₹582.56 Cr | ₹407 | null | ₹445.05 | +9.35% | ₹463.85 (-0.52%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Working Capital Requirement | 15.11 |
| 2 | Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles | 1.61 |
| 3 | Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company | 3.00 |
| 4 | General Corporate Expenses | 3.60 |
| 5 | Issue Expenses | 3.18 |
| Total | 26.51 |
About Armour Security IPO
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 s
Contact Details
Armour Security India Ltd. AddressB-87, Second Floor Defence ColonyNew Delhi, New Delhi, 110024+91 9810139833cs@armoursecurities.comVisit Website