Armor Security (India) share price was locked-in at 5% lower circuit on Thursday after making a weak debut in the Indian stock market today. Armor Security IPO listing date was today, 22 January 2025.
Armor Security (India) IPO was an SME IPO and the shares are listed on NSE SME platform.
On Thursday, Armor Security shares were listed at ₹45.60 apiece on NSE SME, a discount of 20% to the issue price of ₹57 per share. The SME stock succumbed to selling pressure and hit a 5% lower circuit of ₹43.35 apiece.
Armor Security IPO listing was below Street estimates as indicated by the trends in gray market premium (GMP). Ahead of the share debut, Armor Security IPO GMP today was ₹0 per share. This signaled that the listing would be flat at the issue price of ₹57 per share, without any premium or discount.
Armor Security IPO Key Details
Armor Security IPO was open for subscription from January 14 to January 19, and the IPO allotment status was finalized on January 20. Armor Security IPO listing date was today, January 22, and Armor Security shares were listed on NSE SME.
The company raised ₹26.51 crore from the book-building issue, which was entirely a fresh issue of 46.50 lakh equity shares, sold at a price band of ₹55 to ₹57 per share.
Armor Security IPO was subscribed 1.82 times in total. The public issue was booked 2.58 times in the Retail individual investors category, 1 time in the Qualified Institutional Buyers (QIB) segment (Ex Anchor), and 1.08 times in the Non-Institutional Investors (NII).
Sobhagya Capital Options Pvt. Ltd. is the book running lead manager and Skyline Financial Services Pvt. Ltd. is the Armor Security IPO registrar.
At 12:35 PM, Armor Security shares were still locked at 5% lower circuit of ₹43.35 apiece on NSE SME, down 23.95% from its issue price.
