13 January 2026
5 mins read
Armour Security (India) was incorporated in August 1999 and operates in the private security and facility management services segment in India. The company provides services such as security guarding, manpower deployment, security consultancy, integrated facility management, housekeeping, supervision, and related support services. Its operations cater to commercial, residential, industrial, institutional, and government-related requirements across multiple sectors. With a presence across various states through branch offices, the company services clients in different regions, aligning its operations with sector-specific security and manpower needs within the domestic market.
The IPO application process for Armour Security (India) can be undertaken through standard channels available for public issues in India. Interested applicants may apply using the Application Supported by Blocked Amount (ASBA) facility through their bank or via online platforms that support IPO applications. The process generally involves selecting the IPO, entering bid details as per the issue structure, and authorising the blocking of the application amount in the bank account. Upon completion of the allotment process, shares, if allotted, are credited to the applicant’s demat account, while unblocked funds are released in case of non-allotment, in line with applicable regulatory procedures.
For more details, visit the Armour Security (India) Limited IPO page.
Details | Information |
IPO Date | January 14, 2026 to January 19, 2026 |
Issue Size | 46,50,000 shares (agg. up to ₹27 Cr) |
Price Band | ₹55 to ₹57 per share |
Lot Size | 2000 shares |
Listing At | NSE, SME |
Market Maker | NNM Securities Pvt.Ltd. |
Funding of Working Capital requirement
Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles
Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company
General Corporate Purposes
Event | Date |
|---|---|
IPO Open Date | Wed, Jan 14, 2026 |
IPO Close Date | Mon, Jan 19, 2026 |
Tentative Allotment | Tue, Jan 20, 2026 |
Initiation of Refunds | Wed, Jan 21, 2026 |
Credit of Shares to Demat | Wed, Jan 21, 2026 |
Tentative Listing Date | Thu, Jan 22, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 19, 2026 |
₹55 to ₹57 per share
Application | Lots | Shares | Amount |
Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,28,000 |
Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,28,000 |
S-HNI (Min) | 3 | 6,000 | ₹3,42,000 |
8 | 16,000 | ₹9,12,000 | |
9 | 18,000 | ₹10,26,000 |
The Armour Security (India) Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the broker's app or website.
Go to the IPO section to view active IPO listings.
Locate Armour Security (India) Limited IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 2000 shares) within the price band of ₹55 to ₹57 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the Armour Security IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.
Investor Category | Shares Offered |
Market Maker Shares Offered | 2,34,000 (5.03%) |
QIB Shares Offered | 46,000 (0.99%) |
NII (HNI) Shares Offered | 21,90,000 (47.10%) |
− bNII > ₹10L | 14,60,000 (31.40%) |
− sNII < ₹10L | 7,30,000 (15.70%) |
Retail Shares Offered | 21,80,000 (46.88%) |
Total Shares Offered | 46,50,000 (100.00%) |
This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.
Total Assets: Grew from ₹15.51 crore in FY23 to ₹32.10 crore as of Sept 2025.
Total income: Reached ₹19.69 crore in FY25, as compared to ₹28.97 crore in FY23.
Profit After Tax (PAT): Stood at ₹2.90 crore for Sept 2025 as compared to ₹2.26 crore in FY23.
Net Worth: Recorded at ₹21.34 crore in FY25 in comparison to ₹3.49 crore in FY23.
Reserves and surplus: Stood at ₹9.12 crore in FY25, as compared to ₹3.48 crore in FY23.
EBITDA: Stood at ₹4.30 crore in Sept 2025 in comparison to ₹3.12 crore in FY23.
The company has reported an expansion in its asset base over recent financial periods, reflecting changes in the scale of operations and balance sheet size.
Total income has shown variation across financial years, influenced by the nature and timing of service contracts and client engagements.
Profit after tax has increased over the comparison period, indicating changes in operating performance and cost structure.
Net worth has strengthened over time, supported by retained earnings and capital position.
Reserves and surplus have increased, reflecting internal accruals generated through business operations.
Operating earnings have shown an upward movement over the period under review, aligned with service delivery and operational execution.
The company’s growth prospects remain linked to its ability to manage manpower deployment, service diversification, and execution across client segments, subject to industry conditions and regulatory requirements.
Armour Security (India) operates in a manpower-intensive services segment, where operational performance may be influenced by workforce availability, retention, and compliance with labour and regulatory requirements across regions.
The company’s revenue and operational outcomes may vary based on the timing, renewal, and scale of service contracts, as well as changes in client requirements across different sectors.
The company’s presence across multiple states and its diversified service offerings in security, facility management, and manpower services provide scope to service varied client segments within existing operational frameworks.
Planned utilisation of IPO proceeds towards working capital, capital expenditure, and repayment of borrowings may support operational continuity and balance sheet management, subject to execution and prevailing business conditions.
ROE | 13.61% | 21.56% |
ROCE | 15.45% | 24.47% |
Debt/Equity | 0.28 | 0.25 |
RoNW | 13.61% | 21.56% |
PAT Margin | 14.76 | 11.14% |
EBITDA Margin | 21.84 | 13.94% |
Price to Book Value | - | 3.78 |
Registrar | Lead Manager(s) |
|---|---|
Skyline Financial Services Pvt.Ltd. | Sobhagya Capital Options Pvt.Ltd. |
Armour Security India Ltd. Address B-87, Second Floor Defence Colony New Delhi, New Delhi, 110024
Phone: +91 9810139833
Email: cs@armoursecurities.com
Website: https://www.armoursecurities.com/
Armour Security (India) operates in the private security and facility management services segment, offering a range of manpower-driven services across multiple sectors and regions in India. Its business model is centred on service delivery through workforce deployment, supported by branch-level operations aligned with sector-specific requirements and regulatory conditions.
The IPO process follows standard public issue procedures, with stated objectives related to working capital, capital expenditure, and balance sheet management. Information related to operations, financial position, risks, and application procedures is available through offer documents and regulatory disclosures. Prospective participants may review these details to understand the company’s profile, operational scope, and issue structure within the applicable regulatory framework.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Armour Security (India) IPO allotment status.
The Managing Director of Armour Security (India) Ltd. is Mrs. Arnima Gupta, who is also listed as the Promoter of the company, overseeing overall management, strategy, and business development.
The Armour Security (India) IPO is scheduled to open for subscription on January 14, 2026, and is expected to close on January 19, 2026, as per the issue timeline disclosed in the offer-related information.
The company operates in the private security and facility management services segment, providing services such as security guarding, manpower deployment, consultancy, housekeeping, and supervision across multiple sectors. The sustainability of its business model depends on factors such as workforce management, contract continuity, regulatory compliance, and sectoral demand, which are subject to industry conditions and operational execution.
The IPO comprises 46,50,000 equity shares, aggregating to an issue size of up to ₹27 crore, based on the disclosed issue structure and price band.
Pre-apply refers to the facility that allows investors to place an IPO application before the official opening date. The application is submitted in advance, while the mandate for blocking funds is processed only when the issue opens for subscription, subject to platform-specific procedures.
The IPO has a lot size of 2,000 shares. Retail applicants are required to apply for a minimum of two lots, amounting to 4,000 shares, in accordance with the issue terms.
The tentative date for finalisation of allotment for the Armour Security (India) IPO is January 20, 2026, as per the disclosed issue schedule.
Skyline Financial Services Pvt. Ltd. has been appointed as the registrar for the Armour Security (India) IPO, responsible for handling application processing, allotment, and related investor services.
There are no publicly stated governance issues or red flags highlighted. Investors may review the offer documents, including sections on management, board composition, and risk factors, for detailed and verified disclosures.
Applications can be made through the ASBA facility via a bank or through online platforms supporting IPO applications. The process generally involves selecting the IPO, entering bid details as per the issue terms, providing a UPI ID or bank authorisation, and confirming the application within the prescribed timeline.
Yes, a valid demat account is required to apply for the IPO, as equity shares, if allotted, are credited electronically to the applicant’s demat account in line with regulatory requirements.
Applicants can check the allotment status through the registrar’s website or via stock exchange platforms after the allotment is finalised. If shares are allotted, they are credited to the demat account, while the blocked application amount is released in case of non-allotment, as per applicable procedures.
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THIRD PARTY PRODUCT DISCLAIMER
Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.
As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.
