Armour Security Ipo
Armour Security IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Corpwis Advisors Pvt.Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,28,000 |
| Retail Maximum | 2 | 4,000 | ₹2,28,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,42,000 |
| S-HNI Maximum | 8 | 16,000 | ₹9,12,000 |
| B-HNI Minimum | 9 | 18,000 | ₹10,26,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
| Anchor Bidding Date | January, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
| IPO Open Date: | January 14, 2026 |
| IPO Close Date: | January 19, 2026 |
| Basis of Allotment: | January 20, 2026 |
| Refunds: | January 21, 2026 |
| Credit to Demat Account: | January 21, 2026 |
| IPO Listing Date: | January 22, 2026 |
| IPO Bidding Cut-off Time: | January 19, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,22,20,000 | 96.80% |
| Promoter Holding Post Issue | 1,68,70,000 | -% |
| Purpose | Crores |
| Funding of Working Capital requirement | ₹15.90 |
| Funding Capital expenditure requirements for purchasing of machinery, equipment and vehicles | ₹1.61 |
| Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company | ₹2.40 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹26.91 | ₹26.52 | ₹0.29 | ₹11.95 |
| 2023 | ₹28.97 | ₹25.96 | ₹2.26 | ₹15.51 |
| 2024 | ₹33.10 | ₹29.60 | ₹2.62 | ₹23.61 |
| Sep 2024 | ₹17.32 | ₹13.99 | ₹2.49 | ₹23.78 |
| KPI | Values |
| ROE: | 18.10% |
| ROCE: | 22.26% |
| EBITDA Margin: | 11.08% |
| PAT Margin: | 7.82% |
| Debt to equity ratio: | 0.12 |
| Earning Per Share (EPS): | ₹2.14 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 18.10% |
| Net Asset Value (NAV): | ₹11.83 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rithwik Facility Management Services Limited | 8.63 | 17.62 | 12.78% | 67.54 | – Cr. |
| IPO Open Date | January 14, 2026 |
| IPO Close Date | January 19, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹55 to ₹57 Per Share |
| Issue Size | Approx ₹27 Crores |
| Fresh Issue | Approx ₹27 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |