22 Jan 2026 | 3 Mins Read
Armour Security shares plummet 24% from IPO
Flipitmoney
Armour Security (India) shares debuted at ₹45.60 on NSE SME, a 20% discount to ₹57 issue price. The SME stock hit a 5% lower circuit at ₹43.35, down 23.95% from its issue price of ₹57. The ₹26.51 crore IPO was subscribed 1.82 times, with a 2.58 times subscription in the Retail individual investors category.