Armour Security IPO opens for subscription on January 14, 2026, and closes on January 19, 2026, with shares listing on NSE SME on January 22, 2026. The fresh issue raises ₹26.51 crore through 46.50 lakh equity shares priced at ₹55 – ₹57 per share. Armour Security India Limited provides manned guarding, facility management, housekeeping, and fire safety services across North India, serving corporate offices, residential complexes, and industrial sites with trained ex-servicemen personnel. The Armour Security IPO offers exposure to India’s growing organized security services market driven by urbanization and corporate safety requirements.
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Expert Opinions
Market sentiment for Armour Security IPO remains steady among SME investors seeking defensive service sector exposure amid economic uncertainty. Company strengths include a trained ex-servicemen workforce, established North India presence serving corporate and residential clients, and integrated facility management capabilities with technology monitoring. Risks encompass labor regulations, client concentration, wage inflation pressures, and competition from unorganized security providers.
Valuation analysis for Armour Security IPO and year 2025 shows a Return on Equity (ROE) of 21.56%, ROCE of 24.47%, and Net Asset Value (NAV) of ₹15.08, indicating consistent capital returns within reasonable SME multiples. Long-term investment perspective supports recurring revenue stability from urbanization trends and corporate safety mandates, favoring portfolios requiring low volatility over short-term listing speculation.
Investor Considerations
Armour Security IPO investors should examine the company’s consistent performance, with revenue growth to ₹35.65 crore and PAT reaching ₹3.97 crore in FY 2025, supported by diversified security and facility management services. Security services sector outlook strengthens with rising urbanization, corporate safety demands, and regulatory compliance needs.
Valuation analysis for Armour Security IPO in 2025 shows Price to Book Value of 3.78, PAT Margin of 11.14%, and Debt/Equity ratio of 0.25, indicating stable profitability with minimal leverage. Growth prospects include geographic expansion, technology integration like surveillance systems, and increased corporate contracts. Risks encompass labor attrition, client concentration, and wage inflation pressures. Long-term investment goals benefit from recurring revenue stability, while short-term strategies face SME listing volatility and allotment uncertainties.
| Date | GMP | Trend |
|---|---|---|
| 21 Jan 2026 20.29 | ₹00 | --- |
| 19 Jan 2026 20.29 | ₹00 | --- |
FAQs
Armour Security IPO Current GMP is ₹00.
Armour Security IPO Expected Returns is 0.00%.
Armour Security IPO estimated listing price is ₹57.