Armour Security IPO is a book-built issue worth ₹26.51 crore. The IPO consists entirely of a fresh issue of 0.47 crore equity shares. The IPO opens for subscription on January 14, 2026, and closes on January 19, 2026. The allotment is expected to be finalised on January 20, 2026, with tentative listing on NSE SME scheduled for January 22, 2026.
The IPO is priced in a band of ₹55 – ₹57 per share. Retail investors must apply for a minimum of 2 lots comprising 4,000 shares, requiring an investment of ₹2,28,000 at the upper price band. HNI investors must apply for a minimum of 3 lots (6,000 shares), amounting to ₹3,42,000.
Sobhagya Capital Options Private Limited is the book-running lead manager to the issue, and Skyline Financial Services Private Limited is the registrar. NNM Securities Private Limited is the market maker for the IPO.
For detailed information on company operations, issue structure, and associated risks, investors are advised to refer to the Armour Security IPO RHP.
Industry Outlook
- India’s security and integrated facility management industry has evolved into a critical support sector for businesses, government institutions, and residential developments, driven by rising urbanisation, expanding commercial infrastructure, and heightened focus on safety, compliance, and operational continuity.
- Growing reliance on outsourced security manpower, housekeeping, and allied facility services continues to support steady demand, particularly across government establishments, healthcare facilities, educational institutions, and large corporate campuses that prioritise regulatory compliance and cost efficiency.
- The market remains fragmented, with organised players gaining share as customers increasingly prefer agencies that offer trained manpower, strong compliance frameworks, and the ability to manage large, geographically dispersed deployments under uniform service standards.
- Technology adoption is becoming increasingly important within the sector, as the integration of surveillance systems, monitoring tools, and data-driven workforce management enhances service reliability, transparency, and overall efficiency, positioning organised service providers to benefit from the industry’s ongoing formalisation and growth.
Armour Security IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Strengthen working capital resources to support day‑to‑day operations, including employee deployment, statutory compliances, client servicing requirements, and efficient management of receivables associated with large government and institutional contracts.
- Fund capital expenditure by investing in machinery, equipment, and vehicles to enhance operational efficiency, improve service delivery capabilities, and support expansion across security manpower and integrated facility management verticals.
- Reduce leverage through partial or full pre‑payment and repayment of certain outstanding borrowings, thereby improving the balance sheet structure, lowering finance costs, and enhancing financial flexibility.
- Meet general corporate purposes, including administrative overheads, technological upgrades, process optimisation, and other strategic initiatives that strengthen business operations and support long‑term growth as a listed entity.
About Armour Security Limited
Armour Security (India) Limited was originally incorporated as Armour Security (India) Private Limited on August 27, 1999 under the provisions of the Companies Act, 1956. The company was subsequently converted into a public limited entity and renamed Armour Security (India) Limited following shareholder approval, with a fresh certificate of incorporation issued on May 03, 2024.
The company is engaged in the business of security manpower services and integrated facility management, offering a range of solutions that include manned guarding, security planning and management, housekeeping services, and skilled, semi‑skilled, and unskilled manpower deployment. Its services cater to government bodies, educational institutions, healthcare facilities, and corporate clients across multiple sectors.
With over two decades of operational experience, Armour Security has established a pan‑India presence, delivering services across several states through structured deployment models and standardised operating procedures. The company’s service model focuses on workforce training, regulatory compliance, and operational reliability, supporting consistent service delivery across diverse client environments.
Armour Security places emphasis on integrating technology and process-driven systems within its operations, including surveillance support, reporting mechanisms, and workforce management tools, to enhance efficiency, transparency, and service quality. This approach supports long-term client relationships and recurring contract renewals within a compliance‑intensive operating environment.
By leveraging its longstanding industry experience, diversified service offerings, and expanding operational footprint, Armour Security (India) Limited aims to strengthen its position within India’s organised security and facility management sector, benefiting from increasing outsourcing trends and the gradual formalisation of the industry.
How To Check the Allotment Status of the Armour Security IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Armour Security IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Armour Security IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Armour Security IPO
Registered Office: Armour Security (India) Limited, B‑87, Second Floor, Defence Colony,
New Delhi – 110024, Delhi, India.
Phone: +91 98101 39833
E‑mail: cs@armoursecurities.com
