Armour Security India IPO Details
SME
Armour Security India IPO opens for subscription on 14 Jan 2026 and closes on 19 Jan 2026. The IPO will be listed on NSE with the tentative listing date set for 22 Jan 2026.
Armour Security India IPO price band has been fixed at ₹55 – ₹57 per share.The face value is ₹10 per share with a lot size of 2000.
Armour Security India IPO total issue size comprises 46,50,000 shares (aggregating up to ₹26.50 Cr.). This includes a fresh issue of 46,50,000 shares (aggregating up to ₹26.50 Cr.). Pre-issue shareholding stands at 1,22,20,000, which will increase to 1,68,70,000 post-issue.
Armour Security India IPO carries a ₹4 (7.02%) GMP, reflecting investor sentiment.
Armour Security India IPO Lot Size : Individual Minimum is 2 lots (4,000 shares) amounting to ₹228,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹228,000. SHNI Minimum is 3 lots (6,000 shares) amounting to ₹342,000. SHNI Maximum is 8 lots (16,000 shares) amounting to ₹912,000. BHNI Minimum is 9 lots (18,000 shares) amounting to ₹1,026,000.
The Lead Managers for Armour Security India IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Corpwis Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is NNM Securities Pvt Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Armour Security India Limited RHP.
Armour Security India IPO Details
Armour Security India IPO Subscription
Armour Security India IPO Application Wise Breakup
Armour Security India IPO Dates
- 14 Jan 2026Opening dateOpen
- 19 Jan 2026Closing dateClose
- 20 Jan 2026Allotment Date Allotment
- 21 Jan 2026Initiation of RefundsRefund
- 21 Jan 2026Credit of SharesCredit
- 22 Jan 2026Listing dateListing
Armour Security India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 4000 | ₹228,000 |
| Individual Maximum | 2 | 4000 | ₹228,000 |
| SHNI Minimum | 3 | 6000 | ₹342,000 |
| SHNI Maximum | 8 | 16000 | ₹912,000 |
| BHNI Minimum | 9 | 18000 | ₹1,026,000 |
Armour Security India IPO Reservation
Promoter Holding
Documents
Armour Security India IPO Valuations
Armour Security India Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 32.10 | 27.37 | 23.61 | 15.51 |
| Total Income | 19.69 | 36.56 | 33.10 | 28.97 |
| Profit After Tax | 2.90 | 3.97 | 2.62 | 2.26 |
| EBITDA | 4.30 | 4.97 | 3.67 | 3.12 |
| NET Worth | 21.34 | 18.43 | 14.46 | 3.49 |
| Reserves and Surplus | 9.12 | 6.21 | 2.24 | 3.48 |
| Total Borrowing | 6.01 | 4.69 | 1.80 | 0.85 |
| Amount in ₹ Crore | ||||
About Armour Security India IPO
Armour Security India was incorporated in August 1999 and is engaged in providing a comprehensive range of private security and manpower services across India. The Company primarily caters to commercial and residential security requirements and has established a reputation for reliable service delivery in the Indian security services market.
The Company operates with a PAN-India presence, supported by branches across multiple states, enabling it to address region-specific security and manpower needs and adapt to the evolving dynamics of the security services industry. Armour Security India offers end-to-end security solutions, encompassing security planning, deployment, supervision, and management services.
Armour Security India provides individual security personnel as well as full security teams, tailored to the requirements of clients across diverse sectors including corporate offices, industrial units, banking and financial institutions, healthcare facilities, government establishments, educational institutions, and universities. In addition to security services, the Company also offers integrated facility management, housekeeping, and manpower services, covering skilled, semi-skilled, and unskilled workforce requirements.
Service Portfolio
- Private Security Services: Deployment of trained security guards based on client-specific needs.
- Integrated Facility Management Services: Daily cleaning, waste management, building systems maintenance, and security services.
- Housekeeping Services: Office and facility cleaning, including dusting, surface and carpet cleaning, and restroom maintenance.
- Event Management Services: Security and manpower services for weddings, parties, conferences, and product launches.
- Firefighting Services: Training in fire drills, equipment handling, and safety procedures.
- Security Training Services: Training programs for security officers on operational and policy-related aspects.
- Supervision Services: Ongoing supervision aligned with client requirements and industry standards.
- Other Manpower Services: Provision of blue-collar manpower such as data entry operators, pantry staff, gardeners, drivers, cooks, attendants, plumbers, electricians, and clerical staff.
As of February 28, 2025, the Company employed 37 permanent employees and 1,269 contractual personnel, supporting its security, facility management, and manpower operations across client locations.
With its diversified service offerings, sector-wide client coverage, and nationwide operational footprint, Armour Security India positions itself as an integrated provider of security and facility management solutions in India.
Strength Of Armour Security India IPO
- Diversified Services Portfolio.
- Expertise and Experience.
- Technology Integration.
- Compliance and Certifications.
- Customer Retention.
Risk Of Armour Security India IPO
- We are significantly dependent on the provision of our services namely, Security manpower services and Integrated facility management. Our aggregate revenue from Security manpower services and Integated facility management accounted for 46.12% and 53.88% respectively for the period ended 30 September 2024, 47.67% and 52.33% respective for the period ended March 2024, 44.32% and 55.68% respectively for the period ended March 2023, 51.16% and 48.84% respectively for the period ended March 2022. An inability to anticipate and adapt to evolving client preferences and demand for the said services, or ensure service quality, may adversely impact demand for our services, brand loyalty and consequently impact our business, results of operations, financial condition and cash flows.
- Our revenues have been significantly dependent on few customers and our inability to maintain such business may have an adverse effect on our results of operations.
- Our revenues have been significantly dependent on the government contracts and our inability to maintain such business may have an adverse effect on our results of operations.
- A significant portion of our revenue is derived from a few geographical regions and any adverse developments affecting such regions could have an adverse effect on our business, cash flows, results of operation and financial condition.
- There are outstanding legal proceedings involving our Company, Promoters, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Our Company has negative cash flows from its operating activities as well as financing activities in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
- Our Company has commenced the business activity of Facility Management Services w.e.f. April 01, 2022. However, the Object Clause of the Memorandum of Association of our Company did not have any such clause which permitted our Company to undertake Facility Management Services. Accordingly, our Company is in non-compliance with the provisions of Section 4(1)(c) of the Companies Act, 2013 and penalties may be levied by the Registrar of Companies, on the Company and defaulting directors in accordance with Section 450 of the Companies Act, 2013.
- Mr. Vinod Gupta (DIN: 00530291), Promoter of our company, held the position of Director in S.G. and Sons Private Limited (CIN: U51909DL1995PTC068290) [herein after referred to as "SGSPL"] and SGSPL was compulsorily struck off by the Registrar of Companies, NCT of Delhi & Haryana w.e.f., June 07, 2017 under the provisions of Section 248 (1) of the Companies Act, 2013 on the grounds that neither SGSPL carried on any operation for a period of two years and nor did it obtain the status of Dormant Company under the provisions of Section 455 of Companies Act, 2013. Further Mr. Vinod Gupta has been disqualified to act as Director under section 164(2)(a) of the Companies Act, 2013 for the period of five year (i.e., November 01, 2016 to October 31, 2021) due to non-filing of Financial Statements and Annual Returns for a continuous period of three financial years w.r.t., SGSPL. The association of Mr. Vinod Gupta with a Company which was compulsorily struck off by the Registrar of Companies in the past and Disqualification of his Directorship in the past, could result in possible reputation loss to our Company and may cause undue disadvantage on the perception of the investors about our Company.
- Our Company has failed to file Form DIR-12 w.r.t. vacation of office of Mr. Vinod Gupta (DIN: 00530291) w.e.f., September 15, 2017 (i.e., date of Notification of List of Disqualified Directors by Registrar of Companies, NCT of Delhi & Haryana) in compliance with provisions of Section 167 (1)(a) of the Companies Act, 2013. Accordingly, our Company is in non-compliance with the provisions of Rule 18 of the Companies (Appointment and Qualifications of Directors) Rules, 2014 and consequently penalties may be levied by the Registrar of Companies, on the Company and defaulting directors in accordance with Section 172 of the Companies Act, 2013.
- Consequent to non-filing of Form DIR-12 with respect to the vacation of office of Mr. Vinod Gupta (DIN: 00530291) w.e.f., September 15, 2017 (i.e., date of Notification of List of Disqualified Directors by Registrar of Companies, NCT of Delhi & Haryana) in compliance with provisions of Section 167(1)(a) of the Companies Act, 2013, the Annual Return (E-Form MGT-7) filed for Financial Year (2016-2017, 2017-2018, 2018-2019, 2019-2020 & 2020-2021) incorrectly showed that Mr. Viond Gupta continued to occupy the office of Director of the Company. Consequently penalties may be levied by the Registrar of Companies, on the Company and defaulting directors in accordance with Section 450 of the Companies Act, 2013.
Objectives Armour Security India IPO
1. Funding of Working Capital requirement
2. Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles
3. Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company
4. General Corporate Expenses.
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports