ListedSMEARMOUR

Armour Security India IPO

Armour Security India IPO is an SME IPO raising ₹27 Cr at ₹55 – ₹57 a share. It listed on 22 Jan 2026 at ₹46, −20.0% against its issue price of ₹57, and trades at ₹17 today (−69.4% since issue). It was subscribed 1.87× in total.

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₹57

Issue price

₹17

Price now

−69.4%

Since issue price

22 Jan 2026

Listed on

1.87×Subscribed (final) · all exchanges

Just covered — bids slightly exceed the shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹55 – ₹57

Cut-off price₹57

Issue size₹27 Cr

Shares per lot2000

Minimum application₹1,14,000

Minimum quantity4000

Face value₹10

Listing exchangesNSE

ISININE0TZX01019

Bidding hours10:00 – 17:00 IST

Bidding window14 Jan 2026 – 19 Jan 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.