Armour Security India IPO...
12 Jan, 2026
Armour Security India IPO
Armour Security India IPO is a book build issue of ₹26.51 cr, which is entirely a fresh issue. The price band is set at ₹55 to ₹57 per share and the lot size for an application is 2,000. The minimum amount required by an individual is ₹2,28,000 (4,000 shares). Armour Security India IPO will open for subscription on January 14, 2026 and closes on January 19, 2026, on the platform of NSE SME, with a tentative listing date fixed as January 22, 2026.
Company Background
Armour Security India Ltd. was incorporated in August 1999. This company specializes in providing comprehensive private security and integrated facility management solutions across India. They are specialised in armed guarding, manpower services and consultancy; they also serve diverse sectors, including banking, healthcare and government. The company is known for its comprehensive security solutions and reputation for providing service in the Indian market. They have a PAN-India presence and a workforce of over 37 permanent employees and 1269 contractual employees. They aim to ensure reliable, compliant and tailored security planning for both commercial and residential clientele.
Operations and Product Range
Facility and Production
This company operates through a robust PAN-India network, with branches in various states to navigate the ever-changing dynamics of the security market. Their production of services is driven by a massive workforce of 1,269 contractual employees, supported by specialized training facilities that ensure all personnel meet rigorous industry standards for security and maintenance.
Brands and Market Presence
This company has established a remarkable market presence by providing a range of security services in different states of India. Although their PAN-India branch network helps, the company maintains a strong brand reputation in the Banking, Healthcare and Industrial sectors. By integrating traditional guarding with modern technology and facility management, Armour has transitioned from a niche security provider to a comprehensive "Total Solutions" brand, boasting high customer retention rates and a trusted identity in both commercial and residential markets across the country.
Revenue Channels
- • The primary revenue is site-specific security management across banking and industrial sectors.
- • Another source of income is from comprehensive building maintenance.
- • Income generation from the fees earned from providing skilled, semi-skilled and unskilled staff.
- • Income generated from professional security training programs for officers and safety consultancy for risk assessment and firefighting protocols.
Management and Shareholding
Promoters and Shareholding
Armour Security India IPO is led by experienced promoters who maintain a significant controlling stake, ensuring strategic alignment and operational stability. Their shareholding structure reflects a traditional promoter-led model, common in India’s service sector, which fosters long-term investor confidence. This concentrated ownership allows for rapid decision-making as the company expands its PAN-India footprint.
Board Members
The Board Members of Armour Security India IPO focus on maintaining and performing operational excellence and governance. Their aim while being in the company is to transition the company into a tech-enabled security powerhouse by prioritizing advanced surveillance integration. Their vision for the future is to make the PAN-India footprint while maintaining a "zero-compromise" safety standard to protect national critical infrastructure.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Armour Security India IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Armour Security India IPO Details
| Detail | Description |
|---|---|
| IPO Date | 14 to 19 Jan, 2026 |
| Listing Date | Thu, Jan 22, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹55 to ₹57 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,50,000 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 2,34,000 shares (agg. up to ₹1 Cr) NNM Securities Pvt.Ltd. |
| Net Offered to Public | 44,16,000 shares (agg. up to ₹25 Cr) |
| 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 |
Armour Security India IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wed, Jan 14, 2026 |
| IPO Close Date | Mon, Jan 19, 2026 |
| Tentative Allotment | Tue, Jan 20, 2026 |
| Initiation of Refunds | Wed, Jan 21, 2026 |
| Credit of Shares to Demat | Wed, Jan 21, 2026 |
| Tentative Listing Date | Thu, Jan 22, 2026 |
Armour Security India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,28,000 |
| Individual investors (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 |
Armour Security India IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | - |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Technology integration and customer retention
- • Expert management with years of experience that benefits the company in PESTLE
- • Diversified product portfolio with PAN India operations
Armour Security India IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 32.10 | 19.69 | 2.90 | 21.34 | 9.12 | 6.01 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 27.37 | 36.56 | 3.97 | 18.43 | 6.21 | 4.69 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 23.61 | 33.10 | 2.62 | 14.46 | 2.24 | 1.80 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 15.51 | 28.97 | 2.26 | 3.49 | 3.48 | 0.85 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.56% |
| ROCE | 24.47% |
| Debt/Equity | 0.25 |
| RoNW | 21.56% |
| PAT Margin | 11.14% |
| EBITDA Margin | 13.94% |
| Price to Book Value | 3.78 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.48 | 3.44 |
| P/E (x) | 17.53 | 16.55 |
Armour Security India IPO Objective
- • Funding of working capital requirements and the capital expenditures of the company, like machinery purchase.
- • Debt repayment in part or in full
- • General corporate expenses
Conclusion
Armour Security India IPO is providing an opportunity to investors to invest in a growing company that has a PAN-India presence with various operational branches in different states to navigate the dynamic environment of the security market. They offer integrated facility management, housekeeping, manpower services and so on, to the Indian market. Their diversified portfolio and expert guidance make this company more trustworthy and reliable for the investor.
RHP:
View RHPDRHP:
View DRHPRead more :
Frequently asked Questions (FAQs )
-
What are the Armour Security India IPO issue dates and price band?
The IPO will open for subscription from January 14, 2026, to January 19, 2026. The price band is set at ₹55 to ₹57 per equity share.
-
Where will the Armour Security India IPO be listed?
The IPO will list on the NSE SME platforms.
-
What does Armour Security India Ltd. do?
They provide comprehensive security and facility management solutions, including armed guarding, manpower supply, firefighting and housekeeping services across diverse sectors like banking, healthcare and government.
-
How much is the Armour Security India IPO size and issue type?
The IPO issue size is approximately ₹26.51 cr. The issue type is Book Building IPO.
-
What is the lot size and minimum investment for the Armour Security India IPO?
The minimum lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor is ₹2,28,000 (4,000 shares).
-
How will the IPO proceeds be used?
IPO proceeds will be used for debt repayment and funding of the capital requirements of the company and the rest will be used for the general corporate expenses.
.jpg)
