Comparison between Armour Security IPO and Globtier Infotech IPO.
Armour Security IPO is a SME Fixed Price IPO proposed to list at NSE SME while Globtier Infotech IPO is a SME Fixed Price proposed to list at BSE SME.
| Armour Security IPO | Globtier Infotech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Sobhagya Capital Options Pvt.Ltd. | Shannon Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | NNM Securities Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Armour Security IPO is up to ₹25.17 Cr whereas the issue size of the Globtier Infotech IPO is up to ₹29.43 Cr. The final issue price of Armour Security IPO is ₹57.00 per share and of Globtier Infotech IPO is ₹72.00 per share.
| Armour Security IPO | Globtier Infotech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹55.00 per share | |
| Issue Price (Upper) | ₹57.00 per share | |
| Issue Price (Final) | ₹57.00 per share | ₹72.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 44,16,000 shares | 35,87,200 shares |
| Fresh Issue Size (Amount) | up to ₹25.17 Cr | up to ₹25.83 Cr |
| OFS Issue Size | 0 shares | 5,00,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹3.61 Cr |
| Issue Size Total | 44,16,000 shares | 40,88,000 shares |
| Issue Size Total (Amount) | up to ₹25.17 Cr | up to ₹29.43 Cr |
Armour Security IPO opens on Jan 14, 2026, while Globtier Infotech IPO opens on Aug 25, 2025. The closing date of Armour Security IPO and Globtier Infotech IPO is Jan 19, 2026, and Aug 28, 2025, respectively.
| Armour Security IPO | Globtier Infotech IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 14, 2026 | Aug 25, 2025 |
| Issue Close | Jan 19, 2026 | Aug 28, 2025 |
| Basis Of Allotment (Tentative) | Jan 20, 2026 | Aug 29, 2025 |
| Initiation of Refunds (Tentative) | Jan 21, 2026 | Sep 01, 2025 |
| Credit of Share (Tentative) | Jan 21, 2026 | Sep 01, 2025 |
| Listing date (Tentative) | Jan 22, 2026 | Sep 02, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Armour Security IPO P/E ratio is 17.53, as compared to Globtier Infotech IPO P/E ratio of 14.82.
| Armour Security IPO | Globtier Infotech IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)Globtier Infotech Ltd.'s revenue increased by 7% and profit after tax (PAT) rose by 47% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.8 | 99.87 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.12 | 71.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.53 | 14.82 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹96.16 Cr. | ₹108.87 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.56% | 31.55% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.47% | 47.68% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.25 | 0.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.25 | ₹4.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.56% | 31.55% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Armour Security IPO Retail Individual Investors (RII) are offered 21,80,000 shares while in Globtier Infotech IPO retail investors are offered 21,80,000 shares. Qualified Institutional Buyers (QIB) are offered 46,000 shares in Armour Security IPO and 0 shares in Globtier Infotech IPO.
| Armour Security IPO | Globtier Infotech IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 2,34,000 shares | 2,24,000 shares |
| QIB | 46,000 shares | 0 shares |
| NII | 21,90,000 shares | 20,40,000 shares |
| RII | 21,80,000 shares | 20,48,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 44,16,000 shares | 40,88,000 shares |
Armour Security IPO subscribed 1.82x in total, whereas Globtier Infotech IPO subscribed 1.34x.
| Armour Security IPO | Globtier Infotech IPO | |
|---|---|---|
| QIB (times) | 1.00x | |
| NII (times) | 1.08x | 0.63x |
| Big NII (times) | 1.16x | |
| Small NII (times) | 0.92x | |
| RII (times) | 2.58x | 2.04x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.82x | 1.34x |
