Armour Security India Ltd. IPO

Incorporated in August 1999, Armour Security India specializes in providing a range of security services including armed guarding, manpower services, and consultancy, primarily focused on commercial and residential security needs across various sectors.

The company is known for its comprehensive security solutions and reputation for reliable service within the Indian market.

The company has PAN India operations with branches in various states to navigate the ever-changing dynamics of the security market.

The company offers its clientele a comprehensive private security solution, encompassing security planning and management services.

The company offers individual security personnel and full teams tailored to sectors like corporate, industrial, banking, healthcare, government, education, and universities.

The company offers integrated facility management, housekeeping, and manpower services, comprising skilled, semi-skilled, and unskilled personnel.

The company’s services include the following:-

  • Private Security Services: Private security services provide trained security guards based on client requirements.
  • Integrated Facility Management Services: Offerings include daily cleaning services, waste disposal, building systems maintenance and security.
  • House Keeping Services: Offers office cleaning services, including dusting, surface cleaning, carpet cleaning, and bathroom maintenance.
  • Event Management Services: Event Management for weddings, parties, conferences, and product launches.
  • Firefighting Services: Firefighting services include training in drills, equipment use, and safety procedures.
  • Security Training: Offers training for security officers on critical security issues and policies.
  • Supervision Services: Supervision Services tailored to client needs and industry standards.
  • Other Manpower Services: Offers skilled, semi-skilled, or unskilled blue-collar manpower for various tasks, including data entry operators, pantry staff, gardeners, drivers, cooks, attendants, plumbers, electricians, and clerks as clients need.

As of February 28th, 2025, the company had 37 permanent employees and 1269 contractual employees.

Competitive Strength:

  • Diversified Services Portfolio
  • Expertise and Experience.
  • Compliance and Certifications.
  • Customer Retention.
  • Technology Integration

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets32.1027.3723.6115.51
Total Income19.6936.5633.1028.97
Profit After Tax2.903.972.622.26
EBITDA4.304.973.673.12
NET Worth21.3418.4314.463.49
Reserves and Surplus9.126.212.243.48
Total Borrowing6.014.691.800.85
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Funding of Working Capital requirement15.90
2Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles1.61
3Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company2.40
4General Corporate Expenses. 

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE13.61%21.56%
ROCE15.45%24.47%
Debt/Equity0.280.25
RoNW13.61%21.56%
PAT Margin14.7611.14%
EBITDA Margin21.8413.94%
Price to Book Value 3.78
 Pre IPOPost IPO
EPS Rs3.253.44
P/E (x)17.5316.55

Armour Security IPO Details

IPO Date14 to 19 Jan, 2026
Listing DateThu, Jan 22, 2026
Face Value₹10 per share
Price Band₹55 to ₹57
Lot Size2,000 Shares
Sale TypeFresh Capital
Issue TypeBookbuilding IPO
Listing AtNSE SME
Total Issue Size46,50,000 shares
(agg. up to ₹27 Cr)
Reserved for Market Maker
2,34,000 shares
(agg. up to ₹1 Cr)
Net Offered to Public44,16,000 shares
(agg. up to ₹25 Cr)
Share Holding Pre Issue1,22,20,000 shares
Share Holding Post Issue1,68,70,000 shares

Armour Security IPO Promoter Holding

The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta.

Share Holding Pre Issue96.8%
Share Holding Post Issue 

SHARIAH SCREENING for - Armour Security India Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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