Armour Security (India) Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Armour Security (India) Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹57
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,14,000
Issue Size
₹26.51 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
49.37%
QIB Quota
1.04%
NII Quota
49.59%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Armour Security (India) Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.8%
Promoter Holding (Post-Issue)
70.12%
Issue Type
Book Building - SME
ISIN
INE0TZX01019
About the Company
We established our Company in 1999, our Company specializes in comprehensive private security solutions, offering services such as security planning, management, integrated facility management, housekeeping, and manpower provision which includes skilled, semi-skilled and unskilled personnel, catering to clients' diverse needs. With over two decades of experience, we have established our presence in the security manpower services and integrated facility management sector. Starting from a solitary office in Defense Colony, Delhi, we have extended our operation to various states across India, ensuring the consistent delivery of quality services.
Industry Overview
The Indian security and facility management industry has evolved into a critical enabler of safety, operational efficiency, and business continuity. Growing urbanization, rising corporate activity, and heightened focus on workplace safety are driving demand for integrated services. The sector spans manned guarding, electronic surveillance, housekeeping, and allied facility solutions, catering to industries, government, and residential segments. Increased adoption of technology, compliance with regulatory norms, and the need for cost optimization are shaping the market. With rising outsourcing trends and emphasis on quality, the industry is poised for steady expansion, offering significant opportunities for organized players.
Company History
Our Company was incorporated as "ARMOUR SECURITY (INDIA) PVT. LTD." on August 27, 1999, vide certification of incorporation bearing No. 101313 under the provision of Companies Act, 1956 issued by the Registrar of Companies, NCT of Delhi and Haryana. Our Company is in the business Manpower services and Integrated Facility Management services. Further, our Company was converted into a public limited company, pursuant to a special resolution passed in the Extraordinary General Meeting of our Shareholders held on February 09, 2024, and the name of our Company was changed to `ARMOUR SECURITY (INDIA). LTD.', and a fresh certificate of incorporation dated May 03, 2024 was issued to our Company by the RoC, CPC. Our Corporate Identification Number is U74920DL1999PLC101313. Our Company has its registered office situated at B-87, Second Floor Defence Colony, New Delhi - 110024.
Growth Strategy
- Robust Customer Relationship Management (CRM).
- Extensive Employee Training and Development.
- Continuous focus on Quality Control.
- Cross-Marketing Strategy.
- Integration of Drone-based Surveillance Services.
- Proposed Training Services for Manpower Agencies.
- Technology-Driven Operational Strategy.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 46,50,000 equity shares of face value of Rs. 10/- each of Armour Security (India). Ltd. (the "Company" or the "Issuer") for cash at a price of Rs.57 per equity share including a share premium of Rs. 47 per equity share (the "Issue Price") aggregating to Rs.26.51 crores ("the Issue"), of which 2,34,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs.57 per equity share including a share premium of Rs.47 per equity share aggregating to Rs.1.33 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. 44,16,000 equity shares of face value of Rs. 10/- each at a price of Rs.57 per equity share including a share premium of Rs.47 per equity share aggregating to Rs. 25.17 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.56% and 26.17% respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 57 per equity share of face value Rs. 10/- each. The floor price is 5.7 times of the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diversified Services Portfolio.
- Expertise and Experience.
- Technology Integration.
- Compliance and Certifications.
- Customer Retention.
- We are significantly dependent on the provision of our services namely, Security manpower services and Integrated facility management. Our aggregate revenue from Security manpower services and Integated facility management accounted for 46.12% and 53.88% respectively for the period ended 30 September 2024, 47.67% and 52.33% respective for the period ended March 2024, 44.32% and 55.68% respectively for the period ended March 2023, 51.16% and 48.84% respectively for the period ended March 2022. An inability to anticipate and adapt to evolving client preferences and demand for the said services, or ensure service quality, may adversely impact demand for our services, brand loyalty and consequently impact our business, results of operations, financial condition and cash flows.
- Our revenues have been significantly dependent on few customers and our inability to maintain such business may have an adverse effect on our results of operations.
- Our revenues have been significantly dependent on the government contracts and our inability to maintain such business may have an adverse effect on our results of operations.
- A significant portion of our revenue is derived from a few geographical regions and any adverse developments affecting such regions could have an adverse effect on our business, cash flows, results of operation and financial condition.
- There are outstanding legal proceedings involving our Company, Promoters, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.