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ARMOUR · NSE · Investigation and Security Activities
Armour Security India Limited IPO listed on 22 Jan 2026 on NSE at ₹45.60, a loss of 20.00% over the issue price of ₹57.00. The IPO was subscribed 1.87x overall.
Armour Security India Limited IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 14 Jan 2026 |
| IPO Close Date | 19 Jan 2026 |
| Basis of Allotment | 20 Jan 2026 |
| Initiation of Refunds | 21 Jan 2026 |
| Credit of Shares to Demat | 21 Jan 2026 |
| Listing Date | 22 Jan 2026 |
Listing day gain
-20%
Listed at ₹45.6 (issue ₹57)
Issue
₹57
Listing
₹45.6
Current
₹43.35
-23.95% vs issue
Day range
₹43.35 – ₹45.6
Issue Size
4,650,000 shares
(aggregating up to ₹27.00 Cr)
Issue Price
₹55 – ₹57
Face Value
₹10/share
Market Lot
2,000 shares
Retail Min Investment
₹228,000
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
₹27 Cr
Offer for Sale
[.]
Reserved for Market Maker
234,000 shares
(aggregating up to ₹1.33 Cr)
Issue Type
book building
Open Date
14 Jan
Close Date
19 Jan
Allotment
20 Jan
Listing
22 Jan
Last updated: 8 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 19 Jan 2026 Latest | ₹57 | ₹0 | ₹57 | ₹0 |
0%
|
4:36 PM |
| 18 Jan 2026 | ₹57 | ₹4 | ₹61 | ₹4 |
7.02%
|
12:58 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 19 Jan 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 1x | 1 |
| NII | 1.19x | 105 |
| bNII (bids above ₹10L) | 1.32x | 15 |
| sNII (bids below ₹10L) | 0.92x | 90 |
| Individual Investors | 2.58x | 1,406 |
| Total | 1.87x | 1,617 |
Showing the latest subscription snapshot.
View full subscription historyNew to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹228,000 |
| Retail (Max) | 2 | 4,000 | ₹228,000 |
| S-HNI (Min) | 3 | 6,000 | ₹342,000 |
| S-HNI (Max) | 8 | 16,000 | ₹912,000 |
| B-HNI (Min) | 9 | 18,000 | ₹1,026,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 234,000 (5.03%) |
| QIB Shares Offered | 46,000 (0.99%) |
| NII (HNI) Shares Offered | 2,190,000 (47.10%) |
|
•
bNII > ₹10L
|
1,460,000 (31.40%) |
|
•
sNII < ₹10L
|
730,000 (15.70%) |
| Retail Shares Offered | 2,180,000 (46.88%) |
| Total Shares Offered | 4,650,000 (100.00%) |
Armour Security India Limited is a leading ISO-certified provider of comprehensive private security and integrated facility management services in India. Established in 1999 and headquartered in New Delhi, the company specializes in delivering cost-effective, high-quality security solutions for corporate, industrial, and government sectors.
Core Services
Armour Security India Limited offers a 360-degree portfolio of services tailored to modern business needs:
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 28.97 | 33.1 | 36.56 |
| Profit After Tax (PAT) | 2.26 | 2.62 | 3.97 |
| EBITDA | 3.12 | 3.67 | 4.97 |
| Total Assets | 15.51 | 23.61 | 27.37 |
| Net Worth | 3.49 | 14.46 | 18.43 |
| Reserves & Surplus | 3.48 | 2.24 | 6.21 |
| Total Borrowing | 0.85 | 1.8 | 4.69 |
Revenue & Profit Trend
The basis of allotment for Armour Security India Limited IPO was finalised on 20 Jan 2026. You can check your allotment status using your PAN number or application number on the Skyline Financial Services Pvt.Ltd. portal or BSE.
The Armour Security India Limited IPO is expected to open in Jan 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Armour Security India Limited IPO is ₹55.00 - ₹57.00 per share.
As per market sources, Armour Security India Limited IPO GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Armour Security India Limited IPO stands at 1.87x overall.
The listing date for Armour Security India Limited IPO is 22 Jan 2026.
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