Armour Security India IPO GMP & Subscription Status: Day 2 IPO Live Updates

The Armour Security India IPO GMP is ₹4 as of 15th January 2026. It is a book-building issue IPO of ₹26.51 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 ₹10 per share, and the IPO price band is ₹55 to ₹57 per share. Retail investors can bid for a minimum of 2 lots of 4,000 shares worth ₹2,28,000. Scroll down to check the INDO SMC IPO GMP and subscription details.

Armour Security India IPO GMP Grey Market Premium

As mentioned earlier, the Armour Security India IPO GMP currently stands at ₹4.00 per share. Thus, the estimated listing price would be at ₹61.00. This indicates that the estimated listing gain in this IPO could be 7.02%. Explore the table for Armour Security India IPO GMP updates.

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Armour Security India IPO GMP status at Univest.

Click and Sign Up to Get Live Updates on INDO SMC IPO GMP Status

Armour Security India IPO Subscription Status

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).  

The healthy subscription status indicates that investors are expecting higher returns at the time of Armour Security India’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.

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live INDO SMC IPO Subscription status at Univest.

Click and Sign Up to Get Live Updates on INDO SMC IPO Subscription Status

Armour Security India IPO Details

Also Read: Armour Security India IPO GMP & Review: Apply or Avoid?

Explanation

Armour Security India IPO: Armour Security India IPO Limited has declared an issue price band of ₹55 to ₹57 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 4,000 shares, each worth ₹2,28,000. The face value of Armour Security India IPO Limited shares is ₹10 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 Armour Security India IPO reviews. 

About Armour Security India Ltd.

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.

Armour Security India Limited Financials

The company’s financial analysis is essential before applying for the Armour Security India IPO. Look at the table to learn about Armour Security India Limited’s financials. 

Explanation

Armour Security India Limited’s revenue increased by 10.45% from ₹33.10 crores in March 2024 to ₹36.56 crores in March 2025. Moreover, the company’s PAT increased by 51.52% from ₹2.62 crores in March 2024 to ₹3.97 crores in March 2025.

Armour Security India IPO Objectives

The primary aim of the Armour Security India IPO is to raise ₹44.87 crores. On the other hand, Armour Security India has decided to utilise these funds in different ways.

• To the Funding of the Working Capital requirement
• To fund capital expenditure requirements for the purchase of machinery, equipment and vehicles
• To Pre-payment/re-payment of, in part or in full, certain outstanding borrowings of the Company
• To General Corporate Expenses.

Armour Security India IPO Registrar

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 grievances@skylinerta.com or at 02228511022.

Download the Univest iOS App or Univest Android App to get daily stock recommendations and insightful research pieces! 

Armour Security India IPO Review

The Armour Security India IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Armour Security India Limited’s revenue increased by 10.45% from ₹33.10 crores in March 2024 to ₹36.56 crores in March 2025. Moreover, the company’s PAT increased by 51.52% from ₹2.62 crores in March 2024 to ₹3.97 crores in March 2025.

Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re 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’s technical analysis to know whether you should apply for the Armour Security India IPO or not.

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 Armour Security India IPO can deliver gains on its tentative listing date, 22nd January 2026. 

Note: 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. 

FAQs on Armour Security India IPO

What is the Armour Security India IPO GMP?

Currently, on 15th January 2026, the Armour Security India IPO GMP (Grey Market Premium) stands at ₹4. This indicates that the estimated listing price could be ₹61.00 per share.

What is the issue price of the Armour Security India IPO?

The Armour Security India IPO issue price band is set at ₹55.00 to ₹57.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 4,000 shares, worth ₹2,28,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth ₹3,42,000.

Who is the registrar of the Armour Security India IPO?

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 grievances@skylinerta.com or at 02228511022.

Disclaimer: 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.

Recent Articles

Ravelcare IPO GMP: Day 3 IPO Live Updates

Astron Multigrain IPO Subscription Day 2

Astron Multigrain IPO GMP: Day 2 IPO Live Updates

Invicta Diagnostic IPO Subscription Day 2

Invicta Diagnostic IPO GMP: Day 2 IPO Live Updates