Armour Security SME IPO GMP History
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.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 25 Aug, 12:55 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 22 Jan 2026 | ₹ 0 | — | -- | — | — |
| 21 Jan 2026 | ₹ 0 | — | -- | — | — |
| 20 Jan 2026 | ₹ 0 | ▼ | -- | — | — |
| 19 Jan 2026 | ₹ 4 | — | 7% | — | ₹ 6000 |
| 16 Jan 2026 | ₹ 4 | — | 7% | — | ₹ 6000 |
| 15 Jan 2026 | ₹ 4 | — | 7% | — | ₹ 6000 |
| 14 Jan 2026 | ₹ 4 | ▲ | 7% | — | ₹ 6000 |
| 13 Jan 2026 | ₹ 2 | ▲ | 4% | — | ₹ 3000 |
| 12 Jan 2026 | ₹ 1 | — | 2% | — | ₹ 1500 |
| 10 Jan 2026 | ₹ 1 | — | 2% | — | ₹ 1500 |
| 09 Jan 2026 | ₹ 1 | — | 2% | — | ₹ 1500 |
Armour Security SME IPO dates
Key dates from opening to listing. Today is 30 October.
- Open 14 Jan 2026
- Close 19 Jan 2026
- Allotment 20 Jan 2026
- Refund/credit 21 Jan 2026
- Listing 22 Jan 2026
Armour Security SME IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹57 |
|---|---|
| Listing gain / loss | +₹0 per share |
| Listing date | 22 Jan, 2026 |
| Actual listing price | ₹57 (+0%) |
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:
- 01Subscription 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?
- 02Timing 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.
- 03Grey 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.
- 04Cross-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 Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Armour Security SME IPO was not available during the subscription period. 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 available 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
Armour Security was established with the aim of providing reliable and technology-driven security solutions to businesses and institutions. Over the years, the company has built a presence in the security services industry by catering to sectors such as corporate offices, industrial units, and residential complexes. Promoted by experienced professionals, the company has focused on strengthening its operational capabilities and maintaining service quality through trained personnel and structured processes.
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
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 not available.
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 not available.
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
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
