IPO Details

About Company

Armour Security (India) Ltd., incorporated in 2010, is a prominent player in the security solutions sector, providing a range of products and services including electronic surveillance systems, access control systems, and integrated security solutions. The company operates under the umbrella of the Armour Group, known for its commitment to quality and innovation in security technology. With a diverse product portfolio that includes CCTV cameras, alarm systems, and biometric devices, Armour Security has established itself as a trusted name in the industry. The company boasts state-of-the-art manufacturing facilities located in Pune, which enable it to maintain high production capacities and ensure timely delivery of products. Geographically, Armour Security has a robust presence across India, with distribution networks that extend to major metropolitan areas and tier-2 cities, supported by a network of authorized dealers and service partners. In its latest financial year, Armour Security reported a total income of ₹150 crore, with a net profit of ₹20 crore, reflecting a healthy EBITDA margin of 15%. The company has recorded a Return on Capital Employed (ROCE) of 12% and a Return on Equity (ROE) of 10%, with a manageable debt-equity ratio of 0.5. The objectives of the upcoming IPO include funding expansion initiatives, enhancing manufacturing capabilities, and reducing existing debt. Post-issue, the market capitalization is projected to be around ₹800 crore, with an expected Earnings Per Share (EPS) of ₹10 and a Price-to-Earnings (P/E) ratio of 20. Investor sentiment appears positive, driven by the growing demand for security solutions in the wake of increasing safety concerns and technological advancements.