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

Source documents

What the issuer and the exchanges published. Everything else on this tab is read out of these.

Basis of issue price (peer ratios) ↗

The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.

Red Herring Prospectus ↗

The full prospectus — business, financials, risk factors and litigation.

Read-out of the prospectus

A severity-ranked risk register with every item cited to its page, plus litigation counts and rupee exposure and related-party dealings, are being built from the prospectus above. We read prospectuses for current and upcoming issues — historical issues will not gain these sections.