New Delhi, 14 January (H.S.): Armour Security India, a company providing security services, launched its ₹26.51 crore IPO for subscription today, Wednesday. Bids for this IPO can be placed until January 19. Following the issue's closing, share allotment will occur on January 20, while allotted shares will be credited to demat accounts on January 21.

The company's shares are slated to list on the NSE SME platform on January 22.The IPO features a price band of ₹55 to ₹57 per share, with a lot size of 2,000 shares. Retail investors must bid for two lots—that is, 4,000 shares—requiring an investment of ₹2,28,000.

Under this IPO, a total of 46.50 lakh new shares with a face value of ₹10 each are being issued.Only 0.99 percent of the IPO is reserved for Qualified Institutional Buyers (QIBs).

Additionally, 46.88 percent is allocated for retail investors, 47.10 percent for Non-Institutional Investors (NIIs), and 5.03 percent for market makers. Saubhagyam Capital Options Private Limited has been appointed as the book running lead manager for this issue, Skyline Financial Services Private Limited as the registrar, and NNM Securities Private Limited as the market maker.

Regarding the company's financial position, claims made in the Draft Red Herring Prospectus (DRHP) filed with capital markets regulator SEBI indicate consistently strengthening financial health. In fiscal year 2022-23, the company reported a net profit of ₹2.26 crore, which rose to ₹2.62 crore in the next fiscal year 2023-24.

Similarly, net profit jumped to ₹3.97 crore in fiscal year 2024-25. In the first half of the current fiscal year—from April to September 30, 2025—the company has already achieved a net profit of ₹2.90 crore.During this period, the company's revenue has also seen steady growth. It recorded total revenue of ₹28.97 crore in fiscal year 2022-23, which increased to ₹33.10 crore in 2023-24 and surged to ₹36.56 crore in 2024-25.

For the first half of the current fiscal year—from April to September 30, 2025—the company has garnered revenue of ₹19.69 crore.However, the company's debt burden has also risen consistently over this period. At the end of fiscal year 2022-23, debt stood at ₹85 lakh, climbing to ₹1.80 crore in 2023-24 and leaping to ₹4.69 crore in 2024-25.

In the first half of the current fiscal—from April to September 2025—the debt load reached ₹6.01 crore.Reserves and surplus have fluctuated during this time. They stood at ₹3.48 crore in fiscal year 2022-23, dipped to ₹2.24 crore in 2023-24, then jumped to ₹6.21 crore in 2024-25. By the end of the first half of the current fiscal year, they had reached ₹9.12 crore.

Likewise, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was ₹3.12 crore in 2022-23, rising to ₹3.67 crore in 2023-24. It reached ₹4.97 crore in 2024-25, while standing at ₹4.30 crore for the first half of the current fiscal—from April to September 2025.

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Hindusthan Samachar / Jun Sarkar