Mumbai, Jan. 22 -- The scrip was listed at Rs 45.60, a discount of 20% compared with the initial public offer (IPO) price. The stock is currently down 4.93% over its listing price.

The counter hit a high of Rs 45.60 and a low of Rs 43.35. About 18,000 shares of the company changed hands at the counter.

Armour Security (India)'s IPO was subscribed 1.77 times. The issue opened for bidding on 14 January 2026 and it closed on 19 January 2026. The price band of the IPO was set at Rs 55 to Rs 57 per share.

The IPO comprised fresh issue of 46,50,000 equity shares. The promoter and promoter group shareholding diluted to 70.12% from 96.80% pre-issue.

The company intends to utilized the net proceeds for funding of working capital requirements, ...