Armour Security (India). IPO
The Armour Security (India). IPO was a ₹26.50 crore SME issue (fresh issue only), open for bidding from 14 Jan to 19 January 2026 at a price band of ₹55 to ₹57. The final issue price was ₹57. Investors bid for 82,74,000 shares through 1,512 applications. Shares listed on NSE SME on 22 January 2026 at ₹45.60, 20.0% below the issue price, and closed the first day at ₹43.35.
- Listing gain at open
- −20.0%₹45.60 vs ₹57
- Issue price
- ₹57Band ₹55 to ₹57
- Lot size
- 2,000 sharesMinimum ₹2,28,000
- Issue size
- ₹26.50 crore
- Subscribed
- Not available
- Listed
- 22 Jan 2026NSE SME
Price and lots
Armour Security (India). IPO details
NSE issue details| Bidding dates | 14 Jan 2026 to 19 Jan 2026 |
| Listing date | 22 January 2026 |
| Price band | ₹55 to ₹57 |
| Final issue price | ₹57 |
| Face value | ₹10 per share |
| Lot size | 2,000 shares, minimum 2 lots for individuals |
| Minimum investment | ₹2,28,000 (4,000 shares, our calculation) |
| Issue size | ₹26.50 crore (our calculation from the NSE issue details) |
| Type of issue | 100 % Book Building, Fresh issue only |
| Listed on | NSE SME |
| NSE symbol | ARMOUR |
| ISIN | INE0TZX01019 |
| Lead managers | Sobhagya Capital Options Private Limited |
| Registrar | Skyline Financial Services Private Limited |
Subscription and listing
Armour Security (India). IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details| Category | Shares bid | Applications |
|---|---|---|
| QIBs | 46,000 | 1 |
| Non-institutional | 26,04,000 | 105 |
| Individual investors | 56,24,000 | 1,406 |
| Total | 82,74,000 | 1,512 |
For this SME issue NSE publishes shares bid and applications by category, not times subscribed.
Listing day
Our calculation: gains vs issue price| NSE | |
|---|---|
| Open | ₹45.60 |
| High | ₹45.60 |
| Low | ₹43.35 |
| Close | ₹43.35 |
| Gain at open | −20.0% |
| Gain at close | −23.9% |
| Shares traded | 22,000 |
Latest: closed at ₹26.00 on NSE on 6 November 2026, −54.4% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Armour Security (India). IPO compares
Our calculation: 2026 SME IPOs on IPO24by7Among 78 SME IPOs of 2026 on our tracker, its listing loss of 20.0% at open ranks 71st of 75. By issue size it ranks 68th. The median listing-day gain at open for SME IPOs this year is +1.0%. See all 2026 IPOs with listing gains or the IPO calendar for January 2026.
Other SME IPOs listed in January 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| KRM Ayurveda | 29 Jan 2026 | ₹135 | - | +27.5% |
| Avana Electrosystems | 20 Jan 2026 | ₹59 | - | +31.4% |
| Victory Electric Vehicles International | 14 Jan 2026 | ₹41 | - | −16.0% |
Allotment
Armour Security (India). IPO allotment status
- Open the registrar's pageSkyline Financial Services Private Limited is the registrar. Open its allotment page.
- Select Armour Security (India). LtdOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Armour Security (India). IPO FAQs
What was the Armour Security (India). IPO price band?
The price band was ₹55 to ₹57 per share and the final issue price was ₹57. The face value is ₹10 per share.
What was the Armour Security (India). IPO lot size?
One lot was 2,000 shares. Individual investors had to apply for at least 2 lots, so the minimum was ₹2,28,000.
What was the Armour Security (India). IPO listing price?
It opened at ₹45.60 on NSE SME on 22 January 2026, a loss of 20.0% over the issue price of ₹57 (our calculation). It closed the day at ₹43.35.
How do I check Armour Security (India). IPO allotment status?
Skyline Financial Services Private Limited is the registrar. Select Armour Security (India). Ltd on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Armour Security (India). IPO a fresh issue or an offer for sale?
Fresh issue only, as stated in the NSE issue details.
Who were the lead managers of the Armour Security (India). IPO?
Sobhagya Capital Options Private Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.