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AS

Armour Security

Listed SME NSE SME · Diversified Commercial Services

Price Band

₹55.0–57.0

Issue Size

₹26.51 Cr

Lot Size

2,000 shares

Min Investment

₹228,000

GMP

+₹0.0 (0.0%)

Issue Price

₹57.0

calendar_month Important Dates

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IPO Open Date
Wed, 14 Jan 2026
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IPO Close Date
Mon, 19 Jan 2026
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Allotment Date
Tue, 20 Jan 2026
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Refund Initiation
Wed, 21 Jan 2026
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Credit of Shares
Wed, 21 Jan 2026
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Listing Date
Thu, 22 Jan 2026
Listing Price
₹57.0 +0.0%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

₹0.0

GMP %

0.0%

Est. Listing

₹57.0

schedule Updated: 14 Jul 2026 15:52

business About the Company

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

payments Company Financials (₹ Cr)

As of 2025-09-30

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

Key Ratios

EPS

₹3.25

NAV

₹15.08

ROE

21.56%

ROCE

24.47%

RoNW

21.56%

P/B Value

3.78

P/E Ratio

17.53

Market Cap

₹96.16 Cr

PAT Margin

11.14%

Debt/Equity

0.25

Promoters

Vinod Gupta and Arnima Gupta

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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

info Issue Details

Issue Type SME Book Built
Issue Size ₹26.51 Cr
Price Band ₹55.0 – ₹57.0
Issue Price ₹57.0
Lot Size 2,000 shares
Min Investment ₹228,000
Exchange NSE SME
Sector Diversified Commercial Services
Open Date 14 Jan 2026
Close Date 19 Jan 2026
Allotment 20 Jan 2026
Listing Date 22 Jan 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Skyline Financial Services Pvt.Ltd.

Lead Managers / Book Running

account_balance Sobhagya Capital Options Pvt.Ltd.

timeline IPO Timeline

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Open

14 Jan 2026

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Close

19 Jan 2026

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Allotment

20 Jan 2026

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Listing

22 Jan 2026

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