IPO Listed — 22 Jan 2026
Listing Price: ₹57
Armour Security SME IPO GMP History | Listing Price ₹57 & Kostak Rate
Armour Security SME IPO has been listed on January 22, 2026 at a listing price of ₹57, against the issue price of ₹57 — a gain of ₹0 (+0%). The GMP peaked at ₹4 on 19 January 2026 and reached a low of ₹0 on 22 January 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Armour Security SME IPO raised ₹26.51 Cr. Cr. through its IPO at a price band of ₹₹55 to ₹57 per share, with a lot size of 2000 shares. The IPO was open for subscription from 14 Jan 2026 to 19 Jan 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 22 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 21 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 20 Jan 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 19 Jan 2026 | ₹ 4 | 7% | ₹ 0 | ₹ 6000 | |
| 16 Jan 2026 | ₹ 4 | 7% | ₹ 0 | ₹ 6000 | |
| 15 Jan 2026 | ₹ 4 | 7% | ₹ 0 | ₹ 6000 | |
| 14 Jan 2026 | ₹ 4 | 7% | ₹ 0 | ₹ 6000 | |
| 13 Jan 2026 | ₹ 2 | 4% | ₹ 0 | ₹ 3000 | |
| 12 Jan 2026 | ₹ 1 | 2% | ₹ 0 | ₹ 1500 | |
| 10 Jan 2026 | ₹ 1 | 2% | ₹ 0 | ₹ 1500 | |
| 09 Jan 2026 | ₹ 1 | 2% | ₹ 0 | ₹ 1500 |
Armour Security SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 14 Jan, 2026 |
| Close Date | 19 Jan, 2026 |
| Allotment Date | 20 Jan, 2026 |
| Refund Date | 21 Jan, 2026 |
| Credit to Demat | 21 Jan, 2026 |
| Listing Date | 22 Jan, 2026 |
Armour Security SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹57 |
| Actual Listing Price | ₹57 (+0%) |
| Listing Gain / Loss | +₹0 per share |
| Listing Date | 22 Jan, 2026 |
Is Armour Security SME IPO GMP Reliable?
Grey market premium for Armour Security SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Armour Security SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Armour Security SME IPO IPO Kostak Rate Explained
The Kostak rate for Armour Security SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Armour Security SME IPO
The company offers a range of services including manned guarding, electronic surveillance, and facility management solutions. Its business model is largely service-oriented, generating revenue through long-term contracts and recurring client engagements. Armour Security emphasises customised security solutions based on client requirements, enabling it to build long-term relationships and maintain a steady flow of business across its key operating regions.
Frequently Asked Questions about Armour Security SME IPO
What is the GMP of Armour Security SME IPO?
The current Grey Market Premium (GMP) of Armour Security SME IPO is not yet started or active in the market.
What is the Kostak Price of Armour Security SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Armour Security SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of Armour Security SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of Armour Security SME IPO?
Armour Security SME IPO listed on January 22, 2026 at ₹57, against the issue price of ₹57 — a gain of +0%.
How did the GMP of Armour Security SME IPO trend before listing?
The GMP of Armour Security SME IPO was stable in its final days before listing. The GMP peaked at ₹4 on 19 January 2026. View the day-wise table above for the complete GMP history.
Explore Armour Security SME IPO Further
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