Armour Security IPO vs Cash Ur Drive Marketing IPO

Comparison between Armour Security IPO and Cash Ur Drive Marketing IPO.

IPO Details

Armour Security IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Cash Ur Drive Marketing IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Armour Security IPO is up to ₹25.17 Cr whereas the issue size of the Cash Ur Drive Marketing IPO is up to ₹57.42 Cr. The final issue price of Armour Security IPO is ₹57.00 per share and of Cash Ur Drive Marketing IPO is ₹130.00 per share.

 Armour Security IPOCash Ur Drive Marketing IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹55.00 per share₹123.00 per share
Issue Price (Upper)₹57.00 per share₹130.00 per share
Issue Price (Final)₹57.00 per share₹130.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size44,16,000 shares42,10,000 shares
Fresh Issue Size (Amount)up to ₹25.17 Crup to ₹54.73 Cr
OFS Issue Size0 shares2,07,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.69 Cr
Issue Size Total44,16,000 shares44,17,000 shares
Issue Size Total (Amount)up to ₹25.17 Crup to ₹57.42 Cr

IPO Timetable

Armour Security IPO opens on Jan 14, 2026, while Cash Ur Drive Marketing IPO opens on Jul 31, 2025. The closing date of Armour Security IPO and Cash Ur Drive Marketing IPO is Jan 19, 2026, and Aug 04, 2025, respectively.

 Armour Security IPOCash Ur Drive Marketing IPO
Anchor Bid DateJul 30, 2025
Issue OpenJan 14, 2026Jul 31, 2025
Issue CloseJan 19, 2026Aug 04, 2025
Basis Of Allotment (Tentative)Jan 20, 2026Aug 05, 2025
Initiation of Refunds (Tentative)Jan 21, 2026Aug 06, 2025
Credit of Share (Tentative)Jan 21, 2026Aug 06, 2025
Listing date (Tentative)Jan 22, 2026Aug 07, 2025
Anchor Lockin End date 1Sep 04, 2025
Anchor Lockin End date 2Nov 03, 2025

Financials & KPIs

Armour Security IPO P/E ratio is 17.53, as compared to Cash Ur Drive Marketing IPO P/E ratio of 9.69.

 Armour Security IPOCash Ur Drive Marketing IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets32.1027.3723.6115.51
Total Income19.6936.5633.1028.97
Profit After Tax2.903.972.622.26
EBITDA4.304.973.673.12
NET Worth21.3418.4314.463.49
Reserves and Surplus9.126.212.243.48
Total Borrowing6.014.691.800.85
Amount in ₹ Crore

Company Financials (Restated)

Cash Ur Drive Marketing Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 92% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets94.3993.3676.33
Total Income142.1897.7781.31
Profit After Tax17.689.225.15
EBITDA20.678.815.42
NET Worth55.9823.5914.37
Reserves and Surplus42.8017.5914.27
Total Borrowing0.180.455.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.878.21
Promoter Shareholding (Post-Issue)70.1257.23
P/E Ratio17.539.69
Market Cap₹96.16 Cr.₹229.40 Cr.
ROE21.56%44.43%
ROCE24.47%41.55%
Debt/Equity0.25
EPS₹3.25₹13.41
RoNW21.56%44.43%

Shares Offered

In the Armour Security IPO Retail Individual Investors (RII) are offered 21,80,000 shares while in Cash Ur Drive Marketing IPO retail investors are offered 21,80,000 shares. Qualified Institutional Buyers (QIB) are offered 46,000 shares in Armour Security IPO and 8,82,000 shares in Cash Ur Drive Marketing IPO.

 Armour Security IPOCash Ur Drive Marketing IPO
Anchor Investor Reservation0 shares13,22,000 shares
Market Maker Reservation2,34,000 shares2,59,000 shares
QIB46,000 shares8,82,000 shares
NII21,90,000 shares6,63,000 shares
RII21,80,000 shares15,50,000 shares
Employee0 shares0 shares
Others
Total44,16,000 shares44,17,000 shares

Bids Received (Subscription)

Armour Security IPO subscribed 1.82x in total, whereas Cash Ur Drive Marketing IPO subscribed 81.94x.

 Armour Security IPOCash Ur Drive Marketing IPO
QIB (times)1.00x76.19x
NII (times)1.08x135.23x
Big NII (times)1.16x161.14x
Small NII (times)0.92x83.41x
RII (times)2.58x62.41x
Employee (times)
Other (times)
Total (times)1.82x81.94x

Compare with others

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Armour Security IPO Vs Cash Ur Drive Marketing IPO