Armour Security SME IPO Subscription
ListedUpdated 22 January 2026, 9:15 AM IST· NSE SME
Armour Security SME IPO subscription closed on 19 January 2026 at 1.87x overall by shares. QIB demand came in at 1.00x, NII at 1.19x, and retail at 2.58x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 20 January 2026. Listing date on NSE and BSE is 22 January 2026.
Armour Security SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| 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 Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Armour Security SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 2.58x | 1 in 3 |
| SHNI (Rs 2L to Rs 10L) | 0.74x | Very high |
| BHNI (above Rs 10L) | 0.06x | Very high |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Armour Security SME IPO Allotment Status page from 20 January 2026 for your result.
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?
1.87x overall by shares means bids covered about 2 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 1.00x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (0.29x by applications). Split: SHNI 0.74x, BHNI 0.06x by applications. SHNI and BHNI allotment is by lottery.
At 2.58x subscription by applications, about 1 in 3 retail applicants may get allotment (~39% chance per application). Retail allotment is also by lottery.
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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Armour Security SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Armour Security SME Details
Issue size, price, financials, and company info
Armour Security SME GMP
Live grey market premium and listing estimate
Armour Security SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Armour Security SME Allotment
Allotment date, chances, and check by PAN
Armour Security SME Review
SWOT, strengths, risks, and IPO review
Armour Security SME FAQ
Common questions on dates, GMP, and allotment
Armour Security SME Registrar
Registrar website and how to check allotment
Armour Security SME Timeline
Open, close, allotment, and listing dates
Armour Security SME News
Updates, blogs, and latest IPO news
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 August 2026, 4:32 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. Retail bids are up to Rs 2 lakh per PAN.
What is Armour Security SME IPO NII, SHNI, and BHNI subscription?
Armour Security SME IPO NII subscription is 0.29x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 0.74x and BHNI (above Rs 10L) at 0.06x.
What are Armour Security SME IPO retail allotment chances?
At 2.58x subscription by applications, about 1 in 3 retail applicants may get allotment (~39% chance per application). Allotment is by lottery.
What are Armour Security SME IPO SHNI allotment chances?
Armour Security SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are Armour Security SME IPO BHNI allotment chances?
Armour Security SME IPO BHNI share subscription is 1.32x. Application data is needed for exact lottery chances.
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?
In Armour Security SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. 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.
Sources
We match Armour Security SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.