Armour Security IPO Details
| IPO Open Date | January 14, 2026 |
| IPO Close Date | January 19, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹55 to ₹57 Per Share |
| Issue Size | Approx ₹27 Crores |
| Fresh Issue | Approx ₹27 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Armour Security IPO Review & Key Points
- Review: Neutral
Armour Security IPO Market Lot
The Armour Security IPO minimum market lot is 4,000 shares with ₹2,28,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,28,000 |
| Retail Maximum | 2 | 4,000 | ₹2,28,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,42,000 |
| S-HNI Maximum | 8 | 16,000 | ₹9,12,000 |
| B-HNI Minimum | 9 | 18,000 | ₹10,26,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 46,000 Shares | 0.99% |
| NII Shares Offered | 21,90,000 Shares | 47.10% |
| Retail Shares Offered | 21,80,000 Shares | 46.88% |
Armour Security IPO Dates
The Armour Security IPO date is January 14 and the close date is January 19. The Armour Security IPO allotment will be finalized on January 20 and the IPO listing on January 22.
| IPO Open Date: | January 14, 2026 |
| IPO Close Date: | January 19, 2026 |
| Basis of Allotment: | January 20, 2026 |
| Refunds: | January 21, 2026 |
| Credit to Demat Account: | January 21, 2026 |
| IPO Listing Date: | January 22, 2026 |
| IPO Bidding Cut-off Time: | January 19, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,22,20,000 | 96.80% |
| Promoter Holding Post Issue | 1,68,70,000 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Funding of Working Capital requirement | ₹15.90 |
| Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles | ₹1.61 |
| Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company | ₹2.40 |
| General Corporate Purpose | ₹- |
About Armour Security IPO
Armour Security India, founded in August 1999, has been engaged in offering a wide range of security services such as armed guards, manpower support, and consultancy for commercial and residential clients across different sectors. Armour Security India has built a reputation for providing complete security solutions and reliable services in India.
The company offers Private Security Services, Integrated Facility Management Services, Housekeeping Services, Event Management Services, Firefighting Services, Security Training, Supervision Services, and Other Manpower Services. From security planning to management services, the company provides complete private security solutions serving sectors like corporate, industrial, banking, healthcare, government, education, and universities.
Armour Security IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹28.97 | ₹25.96 | ₹2.26 | ₹15.51 |
| 2024 | ₹33.10 | ₹29.60 | ₹2.62 | ₹23.61 |
| 2025 | ₹36.56 | ₹31.25 | ₹3.97 | ₹27.37 |
| Sep 2025 | ₹19.69 | ₹15.81 | ₹2.90 | ₹32.10 |
Armour Security IPO Valuation – FY2025
Check Armour Security IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 21.56% |
| ROCE: | 24.47% |
| EBITDA Margin: | 13.94% |
| PAT Margin: | 11.14% |
| Debt to equity ratio: | 0.25 |
| Earning Per Share (EPS): | ₹3.25 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 21.56% |
| Net Asset Value (NAV): | ₹15.08 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kapston Services Limited | 8.79 | 34.12 | 20.07% | 43.81 | 688.70 Cr. |
IPO Lead Managers aka Merchant Bankers
- Corpwis Advisors Pvt.Ltd.
Company Address
Armour Security India Ltd
B-87,
Second Floor Defence Colony
New Delhi, New Delhi, 110024
Phone: +91 9810139833
Email: [email protected]
Website: https://www.armoursecurities.com/
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
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