
Armour Security India IPO Subscription Day 1: Check Online Status
Posted by : sachet | Wed Jan 14 2026

Here, the Armour Security India IPO launched on 14th January 2026. Bidding for the issue will close today, 22nd January 2026. The primary aim of the Armour Security India IPO is to raise ₹26.51 crores from the market. Also, the Armour Security India IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Armour Security India IPO subscription and details.
Armour Security India IPO Details
| IPO Open Date | 14th January 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹57 per share |
| Lot Size | 2,000 Shares |
| Issue Type | Bookbuilding Issue |
| Listing At | NSE & SME |
| IPO Close Date | 19th January 2026 |
| Listing Date | 22nd January 2026 |
The price band for Riddhi Display Equipment’s IPO has been set at ₹55 to ₹57 per share, and a total of 46,50,000 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.
| Investor Categories | Shares Offered | Shares Percentage |
| 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% |
| Retail Shares Offered | 21,80,000 | 46.88% |
| Total Shares Offered | 46,50,000 | 100.00% |
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.
Armour Security India IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Armour Security India IPO GMP for 13th January 2026.
The grey market premium for this IPO has surged to 4.16% or Rs 15.00 per share. It indicates that the estimated listing price per share is Rs 376.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 14-01-2026 | ₹57.00 | ₹4.00 | ₹61.00 | 7.02% |
| 13-01-2026 | ₹57.00 | ₹4.00 | ₹61.00 | 7.02% |
| 12-01-2026 | ₹57.00 | ₹2.00 | ₹59.00 | 3.51% |
| 11-01-2026 | ₹57.00 | ₹1.00 | ₹58.00 | 1.75% |
| 10-01-2026 | ₹57.00 | ₹1.00 | ₹58.00 | 1.75% |
| 9-01-2026 | ₹57.00 | ₹1.00 | ₹58.00 | 1.75% |
| 8-01-2026 | ₹57.00 | ₹1.00 | ₹58.00 | 1.75% |
| 7-01-2026 | ₹57.00 | ₹1.00 | ₹58.00 | 1.75% |
| 6-01-2026 | ₹57.00 | ₹1.00 | ₹58.00 | 1.75% |
| 5-01-2026 | ₹57.00 | ₹1.00 | ₹58.00 | 1.75% |
| 4-01-2026 | ₹57.00 | ₹1.00 | ₹58.00 | 1.75% |
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 in 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.
| Year Ended | 30th Sep 2025 | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 32.10 | 27.37 | 23.61 | 15.51 |
| Revenue | 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 Borrowings | 6.01 | 4.69 | 1.80 | 0.85 |
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.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Armour Security India IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 17.53 |
| EPS (Earnings Per Share) | 3.25 |
| RoNW | 13.61% |
| ROCE | 15.45% |
| ROE | 13.61% |
| EBITDA Margin | 21.84% |
| Price to Book Value | 3.78 |
| Market Capitalisation | ₹96.16 Cr |
Armour Security India IPO Listing Expectations
Armour Security India IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 7.02% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 61.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Armour Security India IPO Dates
| IPO Open Date | 14th January 2026 |
| IPO Close Date | 19th January 2026 |
| Allotment | 20th January 2026 |
| Refund Date | 21st January 2026 |
| IPO Listing Date | 22nd January 2026 |
Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.
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