
Services · NSE
Armour Security India was incorporated in August 1999 and provides a wide range of security and manpower-related services across India. The company mainly focuses on commercial and residential security and is known for offering dependable and end-to-end security solutions. With branches across multiple states, it operates on a pan-India level to meet the changing needs of the security industry. Its services include private security guards, complete security planning and management, integrated facility management, housekeeping, and manpower supply. The company caters to sectors such as corporate offices, industries, banks, healthcare institutions, government bodies, educational institutions, and universities by providing individual security personnel or full teams as required. In addition, it offers event security, firefighting services with training and drills, security training programs, supervision services, and skilled, semi-skilled, and unskilled manpower for roles like data entry operators, drivers, electricians, plumbers, gardeners, and support staff. As of 28 February 2025, the company employed 37 permanent staff members and 1,269 contractual employees.
Price Band
₹55 – ₹57
Issue Size
₹26.51 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹57
at current GMP
Subscribed
1.87x
overall
Open
14 Jan 2026
Close
19 Jan 2026
Allotment
20 Jan 2026
Refund
21 Jan 2026
Demat Credit
22 Jan 2026
Listing
22 Jan 2026
Overall Subscription
1.87x
Total Demand
QIB Multiplier
1.00x
Institutions & Funds
NII / HNI
1.19x
High Net-Worth
Retail (RII)
2.58x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 46,000 | 46,000 | 1.00x |
| NIB | 2,190,000 | 2,604,000 | 1.19x |
| HNIs(10L +) | 1,460,000 | 1,930,000 | 1.32x |
| HNIs (2-10L) | 730,000 | 674,000 | 0.92x |
| RETAIL | 2,180,000 | 5,624,000 | 2.58x |
| Total | 6,606,000 | 10,878,000 | 1.87x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 1 | 0.00x |
| NIB | — | 105 | 0.00x |
| RETAIL | 545 | 1,406 | 2.58x |
| HNIs(10L +) | 243 | 15 | 0.06x |
| HNIs (2-10L) | 122 | 90 | 0.74x |
| Total Applications | 910 | 1,617 | 1.78x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Armour Security India Limited is bringing an initial public offering (IPO) in the Services sector with an aggregate issue size of ₹26.51 Crores. The shares are offered at a price band of ₹55 to ₹57 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-01-19, the basis of allotment is scheduled to be finalized on 2026-01-20. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.
Currently, Armour Security India Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹55 to ₹57 per equity share.
The retail lot size is 2000 shares requiring a minimum application amount of ₹1,14,000. Expected listing price is ₹57 per equity share.
The Armour Security India Limited IPO aggregate issue size is ₹26.51 Crores with an equity price band set at ₹55 to ₹57 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,14,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.87x (Retail: 2.58x, QIB: 1.00x, NII: 1.19x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2026-01-20. Investors can verify status using PAN card or application number.
Armour Security India Limited shares are scheduled to list on NSE on 2026-01-22.