Armour Security IPO Shows Moderate Response, Subscribed 1.82x on Day 3

Armour Security India Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price band is set at ₹55-57 per share. The ₹26.51 crore IPO reached 1.82 times by 5:00:01 PM on day three. 

Armour Security IPO subscription reached moderate 1.82 times on day three. It was led by Individual Investors (2.58x), Non-Institutional Investors (1.08x), and Qualified Institutional Buyers Ex-Anchor (1.00x). Total applications reached 1,512.

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Subscription Status of Armour Security IPO:

Here are the subscription details for Armour Security IPO as of Day 3 (January 19, 2026, 5:00:01 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 1.82 times, showing substantial improvement from day two's 0.50 times
• Individual investors displaying moderate confidence at 2.58 times, building substantially from day two's 0.39 times, indicating moderate retail demand for this SME IPO
• Non-institutional investors showing moderate performance at 1.08 times, building substantially from day two's 0.60 times, indicating moderate HNI appetite for this security services provider
• Qualified institutional buyers (ex-anchor) displaying moderate performance at 1.00 times, unchanged from day two's 1.00 times, indicating measured institutional interest
• Cumulative bid amount reached ₹45.83 crores, modestly exceeding the net offer size of ₹25.18 crores (excluding market maker portion) by approximately 1.8 times
• Market makers fully subscribed their allocation of ₹1.33 crores

Armour Security IPO - Day 2 Subscription at 0.50 Times

Key Highlights - Day 2:

• Overall subscription reached weak 0.50 times, showing substantial improvement from day one's 0.05 times
• Qualified institutional buyers displaying moderate performance at 1.00 times, building substantially from day one's 0.00 times
• Non-institutional investors showing weak performance at 0.60 times, building substantially from day one's 0.02 times
• Individual investors showing weak confidence at 0.39 times, building substantially from day one's 0.08 times

Armour Security IPO - Day 1 Subscription at 0.05 Times

Key Highlights - Day 1:

• Overall subscription reached negligible 0.05 times, showing very cautious initial investor interest
• Individual investors displaying negligible confidence at 0.08 times, indicating very weak retail appetite
• Non-institutional investors showing negligible performance at 0.02 times, indicating very weak HNI interest
• Qualified institutional buyers displaying negligible performance at 0.00 times, indicating no institutional interest on day one

About Armour Security India Limited

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.