Comparison between Armour Security IPO and Oval Projects Engineering IPO.
Armour Security IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Oval Projects Engineering IPO is a SME Bookbuilding proposed to list at BSE SME.
| Armour Security IPO | Oval Projects Engineering IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Corpwis Advisors Pvt.Ltd. | SMC Capitals Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | MAS Services Ltd. |
| Market Maker | SMC Global Securities Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Armour Security IPO is up to ₹0.00 Cr whereas the issue size of the Oval Projects Engineering IPO is up to ₹44.16 Cr. The final issue price of Armour Security IPO is and of Oval Projects Engineering IPO is ₹85.00 per share.
| Armour Security IPO | Oval Projects Engineering IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹80.00 per share | |
| Issue Price (Upper) | ₹85.00 per share | |
| Issue Price (Final) | ₹85.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | |
| Fresh Issue Size | 46,50,000 shares | 51,95,200 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹44.16 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 46,50,000 shares | 51,95,200 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹44.16 Cr |
Armour Security IPO opens on , while Oval Projects Engineering IPO opens on Aug 28, 2025. The closing date of Armour Security IPO and Oval Projects Engineering IPO is , and Sep 01, 2025, respectively.
| Armour Security IPO | Oval Projects Engineering IPO | |
|---|---|---|
| Anchor Bid Date | Aug 26, 2025 | |
| Issue Open | Aug 28, 2025 | |
| Issue Close | Sep 01, 2025 | |
| Basis Of Allotment (Tentative) | Sep 02, 2025 | |
| Initiation of Refunds (Tentative) | Sep 03, 2025 | |
| Credit of Share (Tentative) | Sep 03, 2025 | |
| Listing date (Tentative) | Sep 04, 2025 | |
| Anchor Lockin End date 1 | Oct 02, 2025 | |
| Anchor Lockin End date 2 | Dec 01, 2025 |
Armour Security IPO P/E ratio is , as compared to Oval Projects Engineering IPO P/E ratio of 13.91.
| Armour Security IPO | Oval Projects Engineering IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Armour Security India Limited Financial Information (Restated Consolidated)
| Oval Projects Engineering Limited Financial Information (Restated Consolidated)Oval Projects Engineering Limited's revenue increased by 31% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.80 | 72.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 53.07 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.91 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹176.54 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.10% | 20.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.26% | 21.32% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.10% | 20.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Armour Security IPO Retail Individual Investors (RII) are offered while in Oval Projects Engineering IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Armour Security IPO and 6,24,000 shares in Oval Projects Engineering IPO.
| Armour Security IPO | Oval Projects Engineering IPO | |
|---|---|---|
| Anchor Investor Reserveration | 9,36,000 shares | |
| Market Maker Reserveration | 2,34,000 shares | 3,04,000 shares |
| QIB | 6,24,000 shares | |
| NII | 14,40,000 shares | |
| RII | 21,95,200 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 51,95,200 shares |
Armour Security IPO subscribed in total, whereas Oval Projects Engineering IPO subscribed 1.61x.
| Armour Security IPO | Oval Projects Engineering IPO | |
|---|---|---|
| QIB (times) | 6.21x | |
| NII (times) | 0.82x | |
| Big NII (times) | 1.46x | |
| Small NII (times) | 0.48x | |
| RII (times) | 0.83x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.61x |
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