Armour Security IPO

Lot size and investment

Reservation

QIB

46,000 shares (1.04% of the Offer)

NII

21,90,000 shares (49.59% of the Offer)

Retail

21,80,000 shares (49.37% of the Offer)

Current GMP

₹0

—

Estimated listing price

₹57

Issue price ₹57

Highest

₹4

14 Jan

Lowest

₹0

20 Jan

GMP by day (₹ per share)

Kostak rate

₹0

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

16.55

EPS (₹)

3.44

RoCE

24.47%

RoNW

21.56%

PAT Margin

11.14%

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Armour Security was established with the aim of providing reliable and technology-driven security solutions to businesses and institutions. Over the years, the company has built a presence in the security services industry by catering to sectors such as corporate offices, industrial units, and residential complexes. Promoted by experienced professionals, the company has focused on strengthening its operational capabilities and maintaining service quality through trained personnel and structured processes. The company offers a range of services including manned guarding, electronic surveillance, and facility management solutions. Its business model is largely service-oriented, generating revenue through long-term contracts and recurring client engagements. Armour Security emphasises customised security solutions based on client requirements, enabling it to build long-term relationships and maintain a steady flow of business across its key operating regions.

Objects of the issue

1. Funding of Working Capital requirement₹15.11 Cr
2. Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles₹1.61 Cr
3. Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company₹3 Cr
4. General Corporate Expenses.₹3.6 Cr

Promoters and shareholding

Arnima Gupta and Vinod Gupta

Promoter holding, pre-issue

96.8%

Promoter holding, post-issue

70.12%