Armour Security India IPO
Security Services - Listed on 22 January 2026
Armour Security India IPO listing summary
Armour Security India (Security Services) closed its IPO window in 2026 and listed on NSE and BSE on 22 January 2026 at an upper band issue price of Rs 57, opening at Rs 45.6 for a listing gain of -20.0% and closing day one at Rs 43.35 (-23.9% on closing basis). The IPO was subscribed 1.87x overall - QIB 1.00x, HNI/NII 1.19x, Retail 2.58x. The total issue size was Rs 26.51 Cr (Fresh Issue Rs 26.51 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Armour Security India IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 3 | +5.26% |
| Day 2 | Rs 3 | +5.26% |
| Day 3 | Rs 3 | +5.26% |
| Day 4 | Rs 3 | +5.26% |
| Day 5 | Rs 5 | +8.77% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Armour Security India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Armour Security India IPO - FAQs
What was the listing gain of Armour Security India IPO?
Armour Security India IPO listed at -20.0% versus the upper issue price of Rs 57 on 22 January 2026.
How many times was Armour Security India IPO subscribed?
Armour Security India IPO was subscribed 1.87x overall. QIB portion was subscribed 1.00x, HNI / NII 1.19x and Retail 2.58x.
What was the IPO GMP for Armour Security India?
IPO GMP started at Rs 3 on Day 1 and moved to Rs 5 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.