Armour Security (India) Ltd. Logo

Armour Security (India) Ltd. IPO

NSELot: 2000

LISTEDSME
Issue Price57
Listing45.6
Current30.1
Price Band
55 - ₹57
Lot Size
2,000
Issue Size
₹27 Cr
GMP
0
Subscription
-

IPO Schedule

1
Open
14 Jan
2
Close
19 Jan
3
Allotment
20 Jan
4
Listing
22 Jan

About Armour Security (India) Ltd.

Armour Security (India) Limited was incorporated in August 1999 and operates in the private security and integrated facility management space. The company was originally incorporated as a private limited entity and was converted into a public limited company in May 2024. It is promoted by Mrs Arnima Gupta and Mr Vinod Gupta, who bring decades of experience in the security services sector. The company provides end-to-end security manpower services and integrated facility management solutions. Its offerings include manned guarding, security planning and management, housekeeping services, and deployment of skilled, semi-skilled, and unskilled manpower. Operations span multiple states across India, serving a diversified client base across sectors. Armour Security follows a contract-based, B2B business model with recurring revenues driven by long-term client relationships. Its strengths lie in over two decades of operating experience, established compliance frameworks, scalable manpower deployment, and integrated service capabilities that enable clients to outsource critical security and facility functions efficiently

Risk Factors

High dependence on a limited number of clients for a significant share of revenue.
Manpower-intensive operations with reliance on workforce availability and retention.
Exposure to complex labour laws and regulatory compliance requirements.
Highly competitive industry with pressure on pricing and margins.
No prior public market for the company’s equity shares.