Armour Security India is entering the public markets through SME IPO with an issue size of ₹26.51 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on NSE & SME.
The IPO subscription window opens on January 14, 2026 and will remain open until January 19, 2026. The company plans to list its shares on January 22, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Armour Security India Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Armour Security India that investors generally review before applying.
IPO Details at a Glance
| Company Name | Armour Security India |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹55 – ₹57 Per Share |
| Lot Size | 2,000 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 234,000 | 5.03% |
| Qualified Institutional Buyers (QIB) | 46,000 | 0.99% |
| NII (HNI) | 2,190,000 | 47.10% |
| — bNII > ₹10L | 1,460,000 | 31.40% |
| — sNII < ₹10L | 730,000 | 15.70% |
| Retail | 2,180,000 | 46.88% |
| Total Shares Offered | 4,650,000 | 100.00% |
Armour Security India IPO Important Dates
The following table highlights the key dates for the Armour Security India IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 14 Jan 2026 |
|---|---|
| IPO Closing Date | 19 Jan 2026 |
| Allotment Finalization | 20 Jan 2026 |
| Initiation of Refunds | 21 Jan 2026 |
| Credit of Shares | 21 Jan 2026 |
| IPO Listing Date | 22 Jan 2026 |
Armour Security India IPO Size & Structure
| Total IPO Size | ₹26.51 Crore |
|---|---|
| Fresh Issue | ₹26.51 Crore |
Armour Security India IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Armour Security India IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹55 to ₹57 per share.
Investors can apply for the IPO with a minimum of 2000 shares. Applications must be made in multiples of 2000 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 9 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹57 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹57 | ₹228,000 |
| Retail (Max) | 2 | 4,000 | ₹57 | ₹228,000 |
| S-HNI (Min) | 3 | 6,000 | ₹57 | ₹342,000 |
| S-HNI (Max) | 8 | 16,000 | ₹57 | ₹912,000 |
| B-HNI | 9 | 18,000 | ₹57 | ₹1,026,000 |
Armour Security India IPO GMP (Grey Market Premium)
The latest Armour Security India IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Armour Security India IPO GMP is ₹0 (0.00%), compared to the IPO issue price of ₹57. Based on the current GMP, the expected listing price is around ₹57. The Lowest GMP was ₹0 on 23 Jan 2026, while the highest GMP reached ₹4 on 17 Jan 2026.
Armour Security India IPO was listed on the stock exchange on 22 Jan 2026. The IPO was subscribed 1.77 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹0 (0%).Listing Details:
- Issue Price: ₹57 per share.
- Listing Price: ₹45.60 (approx. 20% discount)
- Listing Date: 22 Jan 2026
Armour Security India IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 23 Jan 2026 | ₹57 | ₹0 | 0% | ₹57 | ₹0 |
| 22 Jan 2026 | ₹57 | ₹0 | 0% | ₹57 | ₹0 |
| 21 Jan 2026 | ₹57 | ₹0 | 0% | ₹57 | ₹0 |
| 20 Jan 2026 | ₹57 | ₹0 | 0% | ₹57 | ₹0 |
| 19 Jan 2026 | ₹57 | ▼ ₹0 | ▼ 0% | ₹57 | ₹0 |
| 17 Jan 2026 | ₹57 | ₹4 | 7.02% | ₹61 | ₹16,000 |
| 16 Jan 2026 | ₹57 | ▲ ₹4 | ▲ 7.02% | ₹61 | ₹16,000 |
| 13 Jan 2026 | ₹57 | ▲ ₹2 | ▲ 3.51% | ₹59 | ₹8,000 |
| 12 Jan 2026 | ₹57 | ₹1 | 1.75% | ₹58 | ₹4,000 |
| 10 Jan 2026 | ₹57 | ▲ ₹1 | ▲ 1.75% | ₹58 | ₹4,000 |
| 09 Jan 2026 | ₹57 | ₹0 | 0% | ₹57 | ₹0 |
Armour Security India IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Armour Security India fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Armour Security India IPO.
Armour Security India IPO Subscription Status
Armour Security India IPO was subscribed 1.77 times overall on the final day of bidding (as of 19 Jan 2026).The subscription opened on 14 Jan 2026. The Retail portion was subscribed 2.56 times, while QIB and NII categories were subscribed 1 times and 1.07 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 14 Jan 2026 | — | 0.02x | 0.09x | — | 0.05x |
| 16 Jan 2026 | 1x | 0.64x | 0.4x | — | 0.53x |
| 19 Jan 2026 | 1x | 1.07x | 2.56x | — | 1.77x |
The Armour Security India IPO opened with a steady response on Day-1, supported mainly by early interest from Retail investors.
On Day-2, the Armour Security India IPO witnessed better demand, led by increased participation from QIB, followed by NII investors.
By the end of the bidding period, the IPO was subscribed 1.77x overall, reflecting strong demand from key investor categories, led by Retail, followed by NII investors. Overall subscription for the Armour Security India IPO increased from 0.05x on Day-1 to 1.77x by the final day.
Armour Security India IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 1x |
| Non-Institutional Investors (NII) | 1.07x |
| Retail Investors | 2.57x |
| Total | 1.78x |
Armour Security India IPO Allotment Status
The Armour Security India IPO allotment status was released on 20 Jan 2026. Investors who applied for the IPO can now check their Armour Security India allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 20 Jan 2026
- 📈 Listing Date: 22 Jan 2026
How to Check Armour Security India IPO Allotment Status Online?
Investors can check the Armour Security India IPO allotment status online through Skyline Financial Services Private Limited and NSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
Skyline Financial Services
to know more about the IPO registrar.
Check on Skyline Financial Services Private Limited (IPO Registrar)
- Visit → Skyline Financial Services Private Limited
- Select Armour Security India
- Enter DPID/Client ID OR Application Number OR Pan of Investor
- Click Search to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose Armour Security India IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the Armour Security India IPO allotment status.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Armour Security India IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Armour Security India IPO Listing Analysis
Below is a quick summary of the Armour Security India IPO issue price, listing price, and listing gain on BSE and NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (BSE) | ₹57 | ₹46 | ▼ -20.00% |
| Listed (NSE) | ₹57 | ₹46 | ▼ -20.00% |
Armour Security India made a weak debut on the stock market on 22 Jan 2026, listing at ₹45.6, which was -₹11 lower (-20.00%) than its IPO issue price of ₹57. This indicated a negative listing sentiment, and IPO investors faced an immediate notional loss on debut.
Selling pressure continued throughout the session, and the stock slipped further by -100.00% from the listing price, closing at ₹0. From the IPO issue price, this translated into a total decline of -₹57 per share (-100.00%) by the end of the day.
For investors who were allotted one lot of 2000 shares, the investment of ₹114,000 reduced to ₹0. Investors booked an overall loss of -₹114,000 per lot on the listing day.
📌 IPO Issue Price and Lot Size
The IPO of Armour Security India was offered in the price band of ₹55 to ₹57 per share.
- The final issue price was fixed at ₹57.
- One lot consisted of 2000 shares.
- Minimum investment: ₹57 × 2000 = ₹114,000
- Investment after Day-1: ₹0 × 2000 = ₹0
- By the end of the listing session, investors faced a loss of -₹114,000 per lot.
📌 IPO Subscription Analysis
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0x | 0.02x | 0.09x | 0.05x |
| Day 2 | 1x | 0.64x | 0.4x | 0.53x |
| Day 3 | 1x | 1.07x | 2.56x | 1.77x |
📌 Final Assessment
Overall Outcome: Below Expectations IPO
- Subscription Phase: Weak investor participation
- Listing Phase: Weak listing performance
- Investor Experience: Negative short-term experience
IPO Financial Summary
- Total Assets changed by 15.93% in FY 2024-2025.
- Total Revenue changed by 10.45% in FY 2024-2025.
- Profit After Tax changed by 51.53% in FY 2024-2025.
- Reserves & Surplus changed by 177.23% in FY 2024-2025.
- Total Borrowings changed by 160.56% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 32.10 | 27.37 | 23.61 | 15.51 |
| Total Revenue (₹ Cr) | 19.69 | 36.56 | 33.10 | 28.97 |
| Profit After Tax (₹ Cr) | 2.90 | 3.97 | 2.62 | 2.26 |
| Reserves & Surplus (₹ Cr) | 9.12 | 6.21 | 2.24 | 3.48 |
| Total Borrowings (₹ Cr) | 6.01 | 4.69 | 1.80 | 0.85 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹23.32 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Funding of Working Capital requirement | 15.11 | 64.79% |
| 2 | Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles | 1.61 | 6.90% |
| 3 | Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company | 3.00 | 12.86% |
| 4 | General Corporate Expenses. | 3.60 | 15.44% |
| Total | 23.32 | 100% | |
Armour Security India IPO Promoter Holding
| Promoter(s) | Mr. Vinod Gupta and Mrs. Arnima Gupta |
|---|---|
| Pre-Issue Holding | 96.80% |
Armour Security India IPO FAQs
The Armour Security India IPO is a SME Bookbuilding IPO with a total issue size of ₹26.51 crore. The issue consists of a fresh issue of ₹26.51 crore.
The IPO will open for subscription on Wed, 14 Jan 2026 and will close on Mon, 19 Jan 2026.
The shares are being offered at a price band of ₹55 to ₹57 per equity share.
Investors can apply for the IPO with a minimum lot size of 2,000 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹228,000.
The shares of Armour Security India are expected to be listed on NSE & SME on Thu, 22 Jan 2026.
The Grey Market Premium (GMP) of Armour Security India IPO is ₹0.
The Armour Security India IPO was subscribed 1.78 times on the final day of subscription.
The retail portion is subscribed 2.56 times as of 19 Jan 2026.
The QIB portion is subscribed 1 times and the NII portion is subscribed 1.07 times .
The IPO registrar of Armour Security India is Skyline Financial Services Private Limited. Skyline is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Tue, 20 Jan 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Tue, 20 Jan 2026 on the registrar or exchange website.
Shares are expected to be credited by Wed, 21 Jan 2026.
Refunds for unsuccessful applicants will be initiated on Wed, 21 Jan 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Armour Security India IPO is listed on NSE.
The current share price of Armour Security India Limited is ₹25.60. The stock opened at ₹25.25, hit a high of ₹27.00 and a low of ₹25.00.
Armour Security India Limited share price has increased by ₹0.45 (1.79%) compared to the previous close. The stock has declined 43.86% from its listing price of ₹45.60 on BSE and declined 43.86% from its listing price of ₹45.60 on NSE.
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