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ARMOURSME / NSEListed
Armour Security India

Armour Security India was incorporated in August 1999 and provides a wide range of security and manpower-related services across India. The company mainly focuses on commercial and residential security and is known for offering dependable and end-to-end security solutions. With branches across multiple states, it operates on a pan-India level to meet the changing needs of the security industry. Its services include private security guards, complete security planning and management, integrated facility management, housekeeping, and manpower supply. The company caters to sectors such as corporate offices, industries, banks, healthcare institutions, government bodies, educational institutions, and universities by providing individual security personnel or full teams as required. In addition, it offers event security, firefighting services with training and drills, security training programs, supervision services, and skilled, semi-skilled, and unskilled manpower for roles like data entry operators, drivers, electricians, plumbers, gardeners, and support staff. As of 28 February 2025, the company employed 37 permanent staff members and 1,269 contractual employees.

₹55 - ₹571.87x sub
Listed Price₹45.60
Listing Gain-20.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open14 Jan 2026
Close19 Jan 2026
Allotment20 Jan 2026
Listing22 Jan 2026

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB46,000 shares
0.99%
HNI21,90,000 shares
47.1%
Retail21,80,000 shares
46.88%
Market Maker2,34,000 shares
5.03%

Minimum Application Lots

Retail2 Lots (4,000 shares)
₹2,28,000
sHNI3 Lots (6,000 shares)
₹3,42,000
bHNI9 Lots (18,000 shares)
₹10,26,000

Company Promoters

Mr. Vinod GuptaMrs. Arnima Gupta

Company Background

Armour Security India was incorporated in August 1999 and provides a wide range of security and manpower-related services across India. The company mainly focuses on commercial and residential security and is known for offering dependable and end-to-end security solutions. With branches across multiple states, it operates on a pan-India level to meet the cha...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹19.69 Cr
Growth-32.0%
Revenue Trend (₹ in Crores)
0.014.028.042.0Mar-23Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2519.692.9032.106.01
Mar-2536.563.9727.374.69
Mar-2433.102.6223.611.80
Mar-2328.972.2615.510.85

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-252.3813.61%15.45%016.55
Mar-253.2521.56%24.47%17.530
Mar-243.6718.10%22.26%00

Peer Comparison & Valuation

Financial Performance

Armour Security India Limited

NAV/Share (₹)15.08
RONW(%)21.56
EPS (Basic) (₹)3.25

Rithwik Facility Management Services Ltd

NAV/Share (₹)43.81
RONW(%)20.07
EPS (Basic) (₹)8.79

Valuation

Armour Security India Limited

P/E(X)17.53
CMP* (₹)0
Face value (₹)10.00

Rithwik Facility Management Services Ltd

P/E(X)34.12
CMP* (₹)300.10
Face value (₹)5.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
20 Jan 2026
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
22 Jan 2026

Official Allotment Verification Links

Official Registrar Portal
Skyline Financial Services Private Limited

Direct allotment verification on the official registrar portal appointed for Armour Security India. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization20 Jan 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date22 Jan 2026Trading commences on exchange

How to Check Armour Security India Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Armour Security India from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Armour Security India IPO

Complete issue overview for Armour Security India (ARMOUR) IPO. The issue features an equity share price band of ₹55 – ₹57 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,14,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions