Armour Security SME IPO Subscription Status
Armour Security SME IPO closed on 19 January 2026 with an overall subscription of 1.87x based on shares applied. QIB demand came in at 1.00x, NII at 1.19x, and retail at 2.58x.
Allotment will be finalised on 20 January 2026. The stock is scheduled to list on NSE and BSE on 22 January 2026.
Issue Price
Rs 57.00
GMP Today
-
Overall Subscription
1.87x
Issue Size
₹25.17 Cr
Allotment Date
20 Jan 2026
Listing Date
22 Jan 2026
Armour Security SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 57.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 26.22 L | Rs 26.22 L | 1.00x |
| FII | - | Rs 26.22 L | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | - | - |
| NII | Rs 12.48 Cr | Rs 14.84 Cr | 1.19x |
| bNII (above Rs 10L) | Rs 8.32 Cr | Rs 11.00 Cr | 1.32x |
| Corporate | - | Rs 1.33 Cr | - |
| Individual | - | Rs 9.67 Cr | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | Rs 4.16 Cr | Rs 3.84 Cr | 0.92x |
| Corporate | - | Rs 6.84 L | - |
| Individual | - | Rs 3.58 Cr | - |
| Other | - | Rs 19.38 L | - |
| IND | Rs 12.43 Cr | Rs 32.06 Cr | 2.58x |
| Total | Rs 25.17 Cr | Rs 47.16 Cr | 1.87x |
Armour Security SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 23 | 1 | 0.04x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | - | - |
| NII | 365 | 105 | 0.29x |
| bNII (above Rs 10L) | 243 | 15 | 0.06x |
| Corporate | - | 1 | - |
| Individual | - | 14 | - |
| Other | - | - | - |
| sNII (Rs 2L to Rs 10L) | 122 | 90 | 0.74x |
| Corporate | - | 2 | - |
| Individual | - | 84 | - |
| Other | - | 4 | - |
| IND | 545 | 1,406 | 2.58x |
| Total | 933 | 1,512 | 1.62x |
What Do These Subscription Numbers Mean?
A subscription of 1.87x by shares means the IPO received bids for 2 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.00x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.00x, it reflects serious institutional conviction.
NII at 0.29x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.06x and sNII at 0.74x by applications. Share subscription was 1.19x. Allotment uses application count, not share volume.
At 2.58x subscription by applications, approximately 1 in 3 retail applicants can expect an allotment (~39% per application). Retail allotment is done by lottery when oversubscribed.
Armour Security SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 2.58x.
- •Allotment odds: about 1 in 3 (~39% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 0.74x.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.06x.
- •Share subscription was 1.32x. Allotment uses application count, not share volume.
Check the Armour Security SME IPO Allotment Status page from 20 January 2026 for your allotment result.
Armour Security SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 14 Jan 2026 | 0.00x | 0.02x | 0.08x | 0.05x |
| Day 2 - 16 Jan 2026 | 1.00x | 0.60x | 0.39x | 0.50x |
| Day 3 - 19 Jan 2026 | 1.00x | 1.08x | 2.58x | 1.82x |
Armour Security SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 14 January 2026 |
| IPO Close Date | 19 January 2026 |
| Allotment Date | 20 January 2026 |
| Refund Initiation | 21 January 2026 |
| Share Credit to Demat | 21 January 2026 |
| Listing Date | 22 January 2026 |
| Minimum Investment | Rs 2,28,000.00 |
| Lot Size | 2000 shares |
About Armour Security SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Armour Security SME IPO Subscription FAQs
What is Armour Security SME IPO subscription status today?
Armour Security SME IPO subscription closed on 19 January 2026 with overall subscription of 1.87x (by shares) as of 27 June 2026, 3:01 AM IST. QIB 1.00x, NII 0.29x, IND 2.58x.
What is the overall subscription of Armour Security SME IPO?
Armour Security SME IPO is subscribed 1.87x overall by shares at close on 19 January 2026. QIB 1.00x, NII 0.29x, and IND 2.58x.
What is Armour Security SME IPO QIB subscription?
Armour Security SME IPO QIB (Qualified Institutional Buyers) subscription is 1.00x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Armour Security SME IPO IND subscription?
Armour Security SME IPO IND subscription is 2.58x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Armour Security SME IPO NII subscription?
Armour Security SME IPO NII (Non-Institutional Investors) subscription is 0.29x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Armour Security SME IPO for retail?
At 2.58x subscription by applications, approximately 1 in 3 retail applicants can expect an allotment (~39% per application). Allotment is done by lottery.
When is Armour Security SME IPO allotment date?
Armour Security SME IPO allotment date is 20 January 2026. Check Armour Security SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Armour Security SME IPO subscription close?
Armour Security SME IPO subscription closed on 19 January 2026. No new applications are accepted after the close.
What is Armour Security SME IPO GMP today?
GMP for Armour Security SME IPO is not available yet. Track Armour Security SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Armour Security SME IPO issue price and lot size?
Armour Security SME IPO issue price is ₹57 per share. Lot size is 2000 shares. Minimum investment is ₹2,28,000 per lot (minimum 2 lots for SME). Issue size: ₹25.17 Cr.
When is Armour Security SME IPO listing date?
Armour Security SME IPO listing date is 22 January 2026 on NSE and BSE. Allotment is on 20 January 2026.
How does subscription affect Armour Security SME IPO allotment?
Allotment odds in Armour Security SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.87x overall, competition is moderate.
For allotment results from 20 January 2026, visit the Armour Security SME IPO Allotment Status page. For listing day updates on 22 January 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.