Armour Security India
CLOSEDIPO Date: 14 Jan - 19 Jan 2026
Listing Date: 22 Jan 2026
Price Range
Rs.55 - Rs.57
Issue Size
27 Cr
Min Investment
₹1,10,000
Lot Size
2000 Shares
Schedule of Armour Security India
Issue open date
14 Jan 2026
Issue close date
19 Jan 2026
UPI mandate deadline
19 Jan 2026 (5 PM)
Allotment finalization
20 Jan 2026
Share credit
21 Jan 2026
Listing date
22 Jan 2026
Mandate end date
3 Feb 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 27 Cr |
| Fresh Issue | 26.51 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 20 Jan 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 21 Jan 2026 | ₹57 | ₹0 | ₹57 (0%) |
| 18 Jan 2026 | ₹57 | ₹4 | ₹61 (7.02%) |
| 17 Jan 2026 | ₹57 | ₹4 | ₹61 (7.02%) |
| 16 Jan 2026 | ₹57 | ₹4 | ₹61 (7.02%) |
| 15 Jan 2026 | ₹57 | ₹4 | ₹61 (7.02%) |
| 13 Jan 2026 | ₹57 | ₹4 | ₹61 (7.02%) |
| 12 Jan 2026 | ₹57 | ₹2 | ₹59 (3.51%) |
| 11 Jan 2026 | ₹57 | ₹1 | ₹58 (1.75%) |
| 10 Jan 2026 | ₹57 | ₹1 | ₹58 (1.75%) |
| 9 Jan 2026 | ₹57 | ₹1 | ₹58 (1.75%) |
Performance Armour Security India
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.55 - Rs.57 | ₹ 82 (-20%) | ₹ 20.9 | -63.33% |
About Armour Security India
Armour Security (India) Ltd. provides private security and security planning and management services for corporate and government organisations. The company supplies individual security personnel and full security teams for sectors including corporate, industrial, banking, healthcare, government institutions, educational establishments, and universities. It also offers integrated facility management, housekeeping, and manpower services, including skilled, semi-skilled, and unskilled personnel, and states that it uses modern equipment and a trained workforce to meet client requirements. Armour Security’s registered office is in New Delhi, with branch offices in Haryana, Himachal Pradesh, Uttar Pradesh, Punjab, and Maharashtra, and operations stated to be across India.
| Founded in | 1999 |
| Managing director | Mrs Arnima Gupta |
| Parent organization |
Financial Overview
Strengths
- Over two decades of experience in security and facility management services.
- Diversified offerings across security, housekeeping, and integrated facility management.
- Promoter-led leadership with deep industry knowledge and execution experience.
- Pan-India presence supported by branch offices across multiple states.
- Strong focus on compliance, training, and technology-enabled service delivery.
Risks
- High dependence on a limited number of clients for a significant share of revenue.
- Manpower-intensive operations with reliance on workforce availability and retention.
- Exposure to complex labour laws and regulatory compliance requirements.
- Highly competitive industry with pressure on pricing and margins.
- No prior public market for the company’s equity shares.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1 |
| Non-Institutional Investors (NIIs) | 1.07 |
| Retail Individual Investors (RIIs) | 2.56 |
| Employee | N/A |
| Total | 1.77 |