Armour Security India IPO Listing at 20% discount at ₹45.90 Per Share

Posted by : sachet | Thu Jan 22 2026

Armour Security India IPO listing delivers 20.00% discount at ₹45.90 per share over the issue price band of ₹55 to ₹57 per share. The Armour Security India IPO was subscribed 1.82 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received 1.00 times, and non-institutional investors (NIIs) received 1.08 times. The retail quota of the issue was subscribed to 46.88%. Before delving deeper into the topic, go through the details of the Armour Security India IPO.

Table of Contents

Armour Security India IPO

It is a book-building IPO of ₹26.51 crore, an entirely fresh issue of 0.07 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 22nd January 2026. The Armour Security India IPO date is fixed between 14th January 2026 and 19th January 2026. The face value of Armour Security India shares stands at ₹10 per share, and the IPO Issue price band is set at ₹55 to ₹57 per share

IPO Allotment Date	20th January 2026
IPO Open Date	14th January 2026
IPO Close Date	19th January 2026
Refund Initiation	21st January 2026
Issue Size	46,50,000 shares(agg. up to ₹27 Cr)
Face Value	₹10 per share
Lot Size	2,000 Shares
Issue Price	₹55 to ₹57 per share
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Listing Date	22nd January 2026

Armour Security India IPO Listing

On the NSE & SME platforms, Armour Security India shares are listed at ₹49.90 per share, reflecting a 20.00% discount to the issue price of ₹57.00 per share.

About the Armour Security India IPO

Armour Security India Limited was established in August 1999. Armour Security India specialises in providing a range of security services, including armed guarding, workforce 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 across various states, to navigate the ever-changing dynamics of the security market. The company offers its clientele a comprehensive private security solution that encompasses security planning and management services. The company provides 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 workforce services, comprising skilled, semi-skilled, and unskilled personnel.

Armour Security India Limited Financials

The company’s financial analysis is essential before applying for Armour Security India Limited’s IPO. Refer to the table to learn about Vidya Wires Limited’s financial information.

Year Ended	30th Sep 2025	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	32.10	27.37	23.61	15.51
Revenue	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 Borrowings	6.01	4.69	1.80	0.85

Explanation

Armour Security India Limited’s revenue increased by 10.45% from ₹33.10 crores in March 2024 to ₹36.56 crores in March 2025. Moreover, the company’s PAT increased by 51.52% from ₹2.62 crores in March 2024 to ₹3.97 crores in March 2025.