{"id":58592,"date":"2026-01-15T17:16:17","date_gmt":"2026-01-15T11:46:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=58592"},"modified":"2026-01-15T17:16:19","modified_gmt":"2026-01-15T11:46:19","slug":"armour-security-india-ipo-gmp-subscription-status-day-2","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/","title":{"rendered":"Armour Security India IPO GMP &#038; Subscription Status: Day 2 IPO Live Updates"},"content":{"rendered":"<p>The <strong>Armour Security India IPO GMP <\/strong>is \u20b94 as of 15th January 2026. It is a book-building issue IPO of \u20b926.51 crores. This is an entirely fresh issue of 0.47 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 22nd January 2026. The face value of Armour Security India IPO shares is \u20b910 per share, and the IPO price band is \u20b955 to \u20b957 per share. Retail investors can bid for a minimum of 2 lots of 4,000 shares worth \u20b92,28,000. Scroll down to check the INDO SMC IPO GMP and subscription details.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Armour_Security_India_IPO_GMP_Grey_Market_Premium\" title=\"Armour Security India IPO GMP Grey Market Premium\">Armour Security India IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Armour_Security_India_IPO_Subscription_Status\" title=\"Armour Security India IPO Subscription Status\">Armour Security India IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Armour_Security_India_IPO_Details\" title=\"Armour Security India IPO Details\">Armour Security India IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#About_Armour_Security_India_Ltd\" title=\"About Armour Security India Ltd.\">About Armour Security India Ltd.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Armour_Security_India_Limited_Financials\" title=\"Armour Security India Limited Financials\">Armour Security India Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Explanation-2\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Armour_Security_India_IPO_Objectives\" title=\"Armour Security India IPO Objectives\">Armour Security India IPO Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Armour_Security_India_IPO_Registrar\" title=\"Armour Security India IPO Registrar\">Armour Security India IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Armour_Security_India_IPO_Review\" title=\"Armour Security India IPO Review\">Armour Security India IPO Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#FAQs_on_Armour_Security_India_IPO\" title=\"FAQs on Armour Security India IPO\">FAQs on Armour Security India IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#What_is_the_Armour_Security_India_IPO_GMP\" title=\"What is the Armour Security India IPO GMP?\">What is the Armour Security India IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#What_is_the_issue_price_of_the_Armour_Security_India_IPO\" title=\"What is the issue price of the Armour Security India IPO?\">What is the issue price of the Armour Security India IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Who_is_the_registrar_of_the_Armour_Security_India_IPO\" title=\"Who is the registrar of the Armour Security India IPO?\">Who is the registrar of the Armour Security India IPO?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/armour-security-india-ipo-gmp-subscription-status-day-2\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Armour_Security_India_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Armour Security India IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As mentioned earlier, the <strong>Armour Security India IPO GMP <\/strong>currently stands at \u20b94.00 per share. Thus, the estimated listing price would be at \u20b961.00. This indicates that the estimated listing gain in this IPO could be 7.02%. Explore the table for <strong>Armour Security India<\/strong> <strong>IPO GMP<\/strong> updates.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>15-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b94.00<\/td><td>\u20b961.00<\/td><td>7.02%<\/td><\/tr><tr><td><strong>14-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b94.00<\/td><td>\u20b961.00<\/td><td>7.02%<\/td><\/tr><tr><td><strong>13-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b94.00<\/td><td>\u20b961.00<\/td><td>7.02%<\/td><\/tr><tr><td><strong>12-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b92.00<\/td><td>\u20b959.00<\/td><td>3.51%<\/td><\/tr><tr><td><strong>11-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b91.00<\/td><td>\u20b958.00<\/td><td>1.75%<\/td><\/tr><tr><td><strong>10-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b91.00<\/td><td>\u20b958.00<\/td><td>1.75%<\/td><\/tr><tr><td><strong>9-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b91.00<\/td><td>\u20b958.00<\/td><td>1.75%<\/td><\/tr><tr><td><strong>8-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b91.00<\/td><td>\u20b958.00<\/td><td>1.75%<\/td><\/tr><tr><td><strong>7-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b91.00<\/td><td>\u20b958.00<\/td><td>1.75%<\/td><\/tr><tr><td><strong>6-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b91.00<\/td><td>\u20b958.00<\/td><td>1.75%<\/td><\/tr><tr><td><strong>5-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b91.00<\/td><td>\u20b958.00<\/td><td>1.75%<\/td><\/tr><tr><td><strong>4-01-2026<\/strong><\/td><td>\u20b957.00<\/td><td>\u20b91.00<\/td><td>\u20b958.00<\/td><td>1.75%<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Armour Security India IPO GMP status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on INDO SMC IPO <\/em><\/strong><strong>GMP Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Armour_Security_India_IPO_Subscription_Status\"><\/span><strong>Armour Security India IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the Armour Security India IPO has been subscribed to 0.05 times. Of these, 0.08 times are subscribed by retail investors, 0.02 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of Armour Security India&#8217;s IPO listing on 22nd January 2026. Armour Security India also has a positive outlook behind the fresh issue of 0.47 crore shares, which will raise around Rs 26.51 crores.<\/p><p><strong><em>Note:<\/em><\/strong><em> GMP details are subject to change based on market conditions and fluctuations. Check the live INDO SMC IPO Subscription status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on INDO SMC IPO Subscription<\/em><\/strong><strong> Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Armour_Security_India_IPO_Details\"><\/span><strong>Armour Security India IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>20th January 2026<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>14th January 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>19th January 2026<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>21st January 2026<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>46,50,000 shares(agg. up to \u20b927 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>2,000 Shares<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b955 to \u20b957 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>NSE SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>22nd January 2026<\/td><\/tr><\/tbody><\/table><\/figure><p><strong><em>Also Read: <\/em><\/strong><a href=\"https:\/\/univest.in\/blogs\/armour-security-india-ipo-gmp-review\"><strong><em>Armour Security India IPO GMP &amp; Review: Apply or Avoid?<\/em><\/strong><\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Armour Security India IPO<\/strong>: Armour Security India IPO Limited has declared an issue price band of \u20b955 to \u20b957 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 4,000 shares, each worth \u20b92,28,000. The face value of Armour Security India IPO Limited shares is \u20b910 per share. The shares of Armour Security India IPO Limited will be listed on NSE and SME on its tentative listing day, 22nd January 2026. Scroll down to check GMP updates and <strong>Armour Security India IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Armour_Security_India_Ltd\"><\/span><strong>About Armour Security India Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Armour Security India Limited was established in August 1999. Armour Security India specialises in providing a range of security services, including armed guarding, workforce services, and consultancy, primarily focused on commercial and residential security needs across various sectors. The company is known for its comprehensive security solutions and reputation for reliable service within the Indian market. The company has PAN-India operations with branches across various states to navigate the ever-changing dynamics of the security market. The company offers its clientele a comprehensive private security solution, encompassing security planning and management services. The company provides individual security personnel and full teams tailored to sectors like corporate, industrial, banking, healthcare, government, education, and universities. The company offers integrated facility management, housekeeping, and workforce services, comprising skilled, semi-skilled, and unskilled personnel.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Armour_Security_India_Limited_Financials\"><\/span><strong>Armour Security India Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> Armour Security India IPO. <\/strong>Look at the table to learn about Armour Security India Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>30th Sep 2025<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>32.10<\/td><td>27.37<\/td><td>23.61<\/td><td>15.51<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>19.69<\/td><td>36.56<\/td><td>33.10<\/td><td>28.97<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>2.90<\/td><td>3.97<\/td><td>2.62<\/td><td>2.26<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>4.30<\/td><td>4.97<\/td><td>3.67<\/td><td>3.12<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>21.34<\/td><td>18.43<\/td><td>14.46<\/td><td>3.49<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>9.12<\/td><td>6.21<\/td><td>2.24<\/td><td>3.48<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>6.01<\/td><td>4.69<\/td><td>1.80<\/td><td>0.85<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation-2\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Armour Security India Limited&#8217;s revenue increased by 10.45% from \u20b933.10 crores in March 2024 to \u20b936.56 crores in March 2025. Moreover, the company&#8217;s PAT increased by 51.52% from \u20b92.62 crores in March 2024 to \u20b93.97 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Armour_Security_India_IPO_Objectives\"><\/span><strong>Armour Security India IPO Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Armour Security India IPO<\/strong> is to raise \u20b944.87 crores. On the other hand, Armour Security India has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>To the Funding of the Working Capital requirement<\/li>\n\n<li>To fund capital expenditure requirements for the purchase of machinery, equipment and vehicles<\/li>\n\n<li>To Pre-payment\/re-payment of, in part or in full, certain outstanding borrowings of the Company<\/li>\n\n<li>To General Corporate Expenses.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Armour_Security_India_IPO_Registrar\"><\/span><strong>Armour Security India IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Skyline Financial Services Private Limited is the registrar for the Armour Security India IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Armour Security India allotment and refund, you can contact Skyline Financial Services Private Limited at <a href=\"mailto:grievances@skylinerta.com\">grievances@skylinerta.com<\/a> or at 02228511022.<\/p><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Armour_Security_India_IPO_Review\"><\/span><strong>Armour Security India IPO Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1-1024x536.jpg\" alt=\"Armour Security India IPO Review\n\n\" class=\"wp-image-58594\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Armour Security India IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. Armour Security India Limited&#8217;s revenue increased by 10.45% from \u20b933.10 crores in March 2024 to \u20b936.56 crores in March 2025. Moreover, the company&#8217;s PAT increased by 51.52% from \u20b92.62 crores in March 2024 to \u20b93.97 crores in March 2025.<\/p><p>Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Armour Security India IPO <\/strong>or not.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>17.53<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>3.25<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>13.61%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>15.45%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>13.61%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>21.84%<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>3.78<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b996.16 Cr<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Armour Security India Limited shares is 17.53, and its Earnings Per Share (EPS) stands at 3.25. Thus, the <strong>Armour Security India IPO<\/strong> can deliver gains on its tentative listing date, 22nd January 2026.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Armour Security India Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>17.53<\/td><td>16.55<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>3.25<\/td><td>3.44<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Armour_Security_India_IPO\"><\/span><strong>FAQs on Armour Security India IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Armour_Security_India_IPO_GMP\"><\/span><strong>What is the Armour Security India IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 15th January 2026, the <strong>Armour Security India IPO GMP<\/strong> (Grey Market Premium) stands at \u20b94. This indicates that the estimated listing price could be \u20b961.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_the_Armour_Security_India_IPO\"><\/span><strong>What is the issue price of the Armour Security India IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The <strong>Armour Security India IPO<\/strong> issue price band is set at \u20b955.00 to \u20b957.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 4,000 shares, worth \u20b92,28,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth \u20b93,42,000.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Armour_Security_India_IPO\"><\/span><strong>Who is the registrar of the Armour Security India IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Skyline Financial Services Private Limited is the registrar for the Armour Security India IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Armour Security India allotment and refund, you can contact Skyline Financial Services Private Limited at <a href=\"mailto:grievances@skylinerta.com\">grievances@skylinerta.com<\/a> or at 02228511022.<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Armour Security India IPO, download the Armour Security India IPO RHP and Armour Security India IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/ravelcare-ipo-gmp-day-3\">Ravelcare IPO GMP: Day 3 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/astron-multigrain-ipo-subscription-day-2\">Astron Multigrain IPO Subscription Day 2<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/astron-multigrain-ipo-gmp-day-2\">Astron Multigrain IPO GMP: Day 2 IPO Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/invicta-diagnostic-ipo-subscription-day-2\">Invicta Diagnostic IPO Subscription Day 2<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/invicta-diagnostic-ipo-gmp-day-2\">Invicta Diagnostic IPO GMP: Day 2 IPO Live Updates<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Armour Security India IPO GMP is \u20b94 as of 15th January 2026. It is a book-building issue IPO of \u20b926.51 crores. This is an entirely fresh issue of 0.47 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 22nd January 2026. The face value of Armour Security<\/p>\n","protected":false},"author":23,"featured_media":58593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015,3806],"class_list":["post-58592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-ipo-subscription"],"metadata":{"_edit_lock":["1768477593:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:94:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Armour-Security-India-IPO-Apply-or-Avoid-1.jpg\";a:2:{s:2:\"id\";i:58594;s:11:\"source_type\";s:13:\"media-library\";}s:103:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/01\/Armour-Security-India-IPO-Apply-or-Avoid-1-1024x536.jpg\";a:2:{s:2:\"id\";i:58594;s:11:\"source_type\";s:13:\"media-library\";}s:126:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1.jpg\";a:2:{s:2:\"id\";i:58594;s:11:\"source_type\";s:13:\"media-library\";}s:135:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/01\/15171341\/Armour-Security-India-IPO-Apply-or-Avoid-1-1024x536.jpg\";a:2:{s:2:\"id\";i:58594;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["73"],"rank_math_title":["Armour Security India IPO GMP Subscription Status Day 2"],"rank_math_description":["Armour Security India IPO GMP, Subscription status. 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