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Armour Security (India) Ltd
MiscellaneousIPOSME
₹57 - 57
We established our Company in 1999, our Company specializes in comprehensive private security solutions, offering services such as security planning, management, integrated facility management, housekeeping, and manpower provision which includes skilled, semi-skilled and unskilled personnel, catering to clients' diverse needs. With over two decades of experience, we have established our presence in the security manpower services and integrated facility management sector. Starting from a solitary office in Defense Colony, Delhi, we have extended our operation to various states across India, ensuring the consistent delivery of quality services.
Lot2,000Min Invest₹2,28,000Face Value₹10Issue Size₹27 CrFresh Issue₹27 CrListing Price₹46CMP₹22
Timeline
14 Jan
Bidding opens
19 Jan
Bidding closes
20 Jan
Allotment
21 Jan
Refund & demat credit
22 Jan
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹27 Cr0.47 Cr shares
Fresh Issue₹27 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 1.04% · NII 49.59% · RETAIL 49.37%
Application Sizes
Retail₹2,28,0001-1 lots
sNII₹2,28,000from 2 lots
bNII₹10,26,000from 9 lots
Managers & Registrar
Lead ManagerCorpwis Advisors Pvt Ltd
RegistrarSkyline Financial Services Pvt
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group96.8%70.12%Public3.2%29.88%
Objects of the Issue
- Funding of working capital requirements
- Funding capital expenditure requirements for purchasing of machinery, equipment and vehicles
- Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the company
- General corporate expenses
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 27 | 29 | 33 | 36 | 47 |
| Operating ProfitCr | 1 | 3 | 4 | 5 | 8 |
| OPM% | 2.1 | 10.8 | 11.2 | 13.9 | 17.4 |
| PBTCr | 0 | 3 | 4 | 5 | 7 |
| PATCr | 0 | 2 | 3 | 4 | 5 |
| EPS | 291 | 2,257 | 2 | 3 | 4 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 12 | 12 | - |
| ReservesCr | 1 | 3 | 2 | 6 | - |
| BorrowingsCr | 1 | 1 | 2 | 5 | - |
| Total AssetsCr | 12 | 16 | 24 | 27 | - |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 2 | 0 | 1 | 0 | -1 |
| Investing Cash FlowCr | -2 | -1 | -2 | -4 | -11 |
| Financing Cash FlowCr | -1 | 0 | 3 | 3 | 22 |
| Net Cash FlowCr | 0 | 0 | 1 | -1 | 10 |
Strengths & Risks
Strengths · as stated in the DRHP
- Diversified Services Portfolio.
- Expertise and Experience.
- Technology Integration.
- Compliance and Certifications.
- Customer Retention.
Strategies · as stated in the DRHP
- Robust Customer Relationship Management (CRM).
- Extensive Employee Training and Development.
- Continuous focus on Quality Control.
- Cross-Marketing Strategy.
- Integration of Drone-based Surveillance Services.
- Proposed Training Services for Manpower Agencies.
Risks · as stated in the DRHP
- We are significantly dependent on the provision of our services namely, Security manpower services and Integrated facility management. Our aggregate revenue from Security manpower services and Integated facility management accounted for 46.12% and 53.88% respectively for the period ended 30 September 2024, 47.67% and 52.33% respective for the period ended March 2024, 44.32% and 55.68% respectively for the period ended March 2023, 51.16% and 48.84% respectively for the period ended March 2022. An inability to anticipate and adapt to evolving client preferences and demand for the said services, or ensure service quality, may adversely impact demand for our services, brand loyalty and consequently impact our business, results of operations, financial condition and cash flows.
- Our revenues have been significantly dependent on few customers and our inability to maintain such business may have an adverse effect on our results of operations.
- Our revenues have been significantly dependent on the government contracts and our inability to maintain such business may have an adverse effect on our results of operations.
- A significant portion of our revenue is derived from a few geographical regions and any adverse developments affecting such regions could have an adverse effect on our business, cash flows, results of operation and financial condition.
- There are outstanding legal proceedings involving our Company, Promoters, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- Our Company has negative cash flows from its operating activities as well as financing activities in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.