Armour Security IPO Date, Review, Price, Allotment Details
Armour Security IPO will open for subscription on January 14, 2026, and close on January 19, 2026. It is a book-built issue through which the company aims to raise approximately ₹27 crore. The IPO consists of a fresh issue worth ₹27 crore along with an offer for sale of up to [.] equity shares, each having a face value of ₹10.
The price band for the Armour Security IPO has been fixed at ₹55 to ₹57 per share. The issue allocation is structured with 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The shares are proposed to be listed on the NSE SME platform on January 22, 2026, while the allotment is expected to be finalised on January 20, 2026.
On the financial front, the company reported revenue of ₹36.56 crore in FY2025 compared to ₹33.10 crore in FY2024. Profit after tax stood at ₹3.97 crore in FY2025, up from ₹2.62 crore in the previous financial year. Based on its financial performance, the IPO may be considered suitable for investors with a long-term investment perspective.
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 Market Lot
The minimum market lot for the Armour Security IPO is 4,000 shares, requiring an application amount of ₹2,28,000.
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 will open on January 14 and close on January 19. The allotment is expected to be finalised on January 20, with the shares scheduled to be listed 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
Founded in August 1999, Armour Security India provides a comprehensive range of security services, including armed guarding, manpower support, and security consultancy, to both commercial and residential clients across various sectors. Over the years, the company has established a strong reputation for delivering reliable and end-to-end security solutions across India.
The company’s service offerings include Private Security Services, Integrated Facility Management Services, Housekeeping Services, Event Management Services, Firefighting Services, Security Training, Supervision Services, and other manpower-related services. From security planning to facility and manpower management, Armour Security India delivers complete private security solutions to a wide range of sectors, including 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 valuation details, including Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
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: cs@armoursecurities.com
Website: https://www.armoursecurities.com/
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php