Synopsis
Armour Security India is poised for its NSE SME debut with muted grey market sentiment, exhibiting a 0% top rate. The Rs 26.51 crore IPO, fully a novel enviornment, saw modest subscription of 1.82 times. The interior most safety and facility management company, serving various sectors nationwide, plans to use IPO funds for working capital, instruments, and debt compensation.
ETMarkets.comArmour Security India is determined to debut on the NSE SME platform on Thursday with the grey market indicating muted itemizing expectations. The IPO is currently commanding a grey market top rate of 0%, suggesting investors are no longer factoring in any instant upside over the matter tag.
The Rs 26.51 crore IPO, which became initiate for subscription from January 14 to January 19, became entirely a novel enviornment of 46.5 lakh shares.
The realm saw a beautiful modest response, with an total subscription of 1.82 times. Retail investors subscribed their half 2.58 times, whereas the non-institutional investor section became subscribed 1.08 times. Qualified institutional patrons showed tiny hobby, with their quota being subscribed as regards to as soon as.
Integrated in August 1999, Armour Security India operates within the interior most safety and facility management space, providing services equivalent to armed guarding, manpower deployment, integrated facility management, housekeeping, tournament safety and firefighting services. The firm has a pan-India presence and caters to a mountainous sequence of sectors alongside with corporates, industrial devices, banks, hospitals, tutorial institutions and executive bodies.
As of February 2025, the firm employed 37 everlasting staff and over 1,200 contractual personnel, highlighting the labour-intensive nature of its operations. Financially, Armour Security has reported precise converse, with profit after tax rising to Rs 3.97 crore in FY25 from Rs 2.62 crore in FY24. For the half-year ended September 2025, profit stood at Rs 2.90 crore on entire earnings of Rs 19.69 crore.
IPO proceeds would perchance be frail primarily to fund working capital requirements, capital expenditure on instruments and automobiles, compensation of borrowings and standard company purposes.
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(What’s shifting Sensex and Nifty Display screen most up-to-date market news, inventory methods, Funds 2025, Piece Market on Funds 2025 and expert recommendation, on ETMarkets. Additionally, ETMarkets.com is now on Telegram. For quickest news signals on monetary markets, funding ideas and stocks signals, subscribe to our Telegram feeds .)
Subscribe to ET High and learn the Economic Cases ePaper Online.and Sensex Nowadays.
High Trending Shares: SBI Piece Trace, Axis Financial institution Piece Trace, HDFC Financial institution Piece Trace, Infosys Piece Trace, Wipro Piece Trace, NTPC Piece Trace
…extramuch less
