Description

Armour Security (India) Limited equity shares admitted to trading on NSE EMERGE SME Platform effective January 22, 2026 with symbol ARMOUR in Trade for Trade Surveillance Segment.

Summary

The National Stock Exchange has admitted equity shares of Armour Security (India) Limited to trading on the NSE EMERGE SME Platform effective January 22, 2026. The security will trade under symbol ARMOUR with ISIN INE0TZX01019 initially in Series ‘ST’ (Trade for Trade Surveillance Segment with settlement type ‘W’) before shifting to Series ‘SM’ (Normal Rolling Segment). Total issue comprises 16,870,000 equity shares of Rs. 10/- face value at an IPO price of Rs. 57/- per share.

Key Points

  • Trading Symbol: ARMOUR
  • ISIN: INE0TZX01019
  • Face Value: Rs. 10/- per share
  • IPO Price: Rs. 57/- per share
  • Total Securities: 16,870,000 equity shares
  • Market Lot Size: 2,000 equity shares
  • Trading Series: ST (Trade for Trade Surveillance Segment - Settlement Type ‘W’), to be shifted to SM (Normal Rolling Segment - Settlement Type ‘N’)
  • Market Maker: NNM Securities Private Limited
  • Market Maker Spread: Within 10%
  • Pre-open Session: Applicable for IPO category as per SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012
  • Trading Type: Continuous Market
  • Pari Passu: Yes

Regulatory Changes

No regulatory changes. This circular implements existing SEBI regulations for SME IPO listings on EMERGE platform, including:

  • Regulation 3.1.1 of NSE Capital Market Trading Regulations Part A for securities admission
  • Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A for lot size specification
  • SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 for pre-open session and surveillance measures

Compliance Requirements

For Trading Members:

  • Identify security only by designated code ARMOUR
  • Trade in specified lot size of 2,000 equity shares
  • Comply with Trade for Trade Surveillance Segment (TFTS) settlement procedures
  • Adhere to Market Maker maximum permissible spread of 10%

Company Details:

  • Registered Office: B-87, Second Floor Defense Colony, New Delhi - 110024
  • Company Secretary: Ms. Shakshi Mishra (cs@armoursecurities.com)
  • Financial Year: April 2025 - March 2026

Registrar & Transfer Agent: Skyline Financial Services Private Limited, D-153 A, 1st Floor, Okhla Industrial Area, Phase - I, New Delhi - 110020

Important Dates

  • Circular Date: January 21, 2026
  • Listing Effective Date: January 22, 2026
  • Lock-in Expiry Dates:
    • 3,380,748 shares: January 27, 2029
    • 4,224,626 shares: January 27, 2028
    • 4,614,626 shares: January 27, 2027
    • 4,650,000 shares: Freely transferable (marked ‘F’)

Impact Assessment

Market Impact: Low - This is a standard SME IPO listing on the EMERGE platform with limited market capitalization and restricted to SME segment participants.

Operational Impact: Trading members can access the new security from January 22, 2026. The Trade for Trade Surveillance Segment classification indicates enhanced monitoring, requiring settlement on a trade-for-trade basis rather than netted settlement.

Investor Impact: Retail and institutional investors interested in SME segment can participate. The 2,000 share market lot represents an investment of approximately Rs. 114,000 at IPO price. Significant portion of shares (12,220,000 out of 16,870,000) are under lock-in periods ranging from 1 to 3 years, limiting immediate liquidity.

Liquidity Considerations: Market maker arrangement with NNM Securities Private Limited ensures baseline liquidity with maximum 10% spread. Initial listing in surveillance segment may limit trading activity compared to normal rolling settlement.

Impact Justification

Standard SME IPO listing on EMERGE platform with Trade for Trade surveillance, limited to SME segment participants