Comparison between Armour Security IPO and NovaVente IPO.
Armour Security IPO is a SME Bookbuilding IPO proposed to list at NSE SME while NovaVente IPO is a SME Bookbuilding proposed to list at NSE SME.
| Armour Security IPO | NovaVente IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Sobhagya Capital Options Pvt.Ltd. | Khambatta Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | NNM Securities Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| 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 NovaVente IPO is up to ₹0.00 Cr. The final issue price of Armour Security IPO is ₹57.00 per share and of NovaVente IPO is .
| Armour Security IPO | NovaVente 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 | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | |
| Fresh Issue Size | 44,16,000 shares | 13,34,000 shares |
| Fresh Issue Size (Amount) | up to ₹25.17 Cr | up to ₹0.00 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 | 44,16,000 shares | 13,34,000 shares |
| Issue Size Total (Amount) | up to ₹25.17 Cr | up to ₹0.00 Cr |
Armour Security IPO opens on Jan 14, 2026, while NovaVente IPO opens on . The closing date of Armour Security IPO and NovaVente IPO is Jan 19, 2026, and , respectively.
| Armour Security IPO | NovaVente IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 14, 2026 | |
| Issue Close | Jan 19, 2026 | |
| Basis Of Allotment (Tentative) | Jan 20, 2026 | |
| Initiation of Refunds (Tentative) | Jan 21, 2026 | |
| Credit of Share (Tentative) | Jan 21, 2026 | |
| Listing date (Tentative) | Jan 22, 2026 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Armour Security IPO P/E ratio is 17.53, as compared to NovaVente IPO P/E ratio of .
| Armour Security IPO | NovaVente IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.8 | 99.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹96.16 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.56 | 48.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.47 | 65.43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.56 | 48.36 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Armour Security IPO Retail Individual Investors (RII) are offered 21,80,000 shares while in NovaVente IPO retail investors are offered 21,80,000 shares. Qualified Institutional Buyers (QIB) are offered 46,000 shares in Armour Security IPO and in NovaVente IPO.
| Armour Security IPO | NovaVente IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 2,34,000 shares | 67,000 shares |
| QIB | 46,000 shares | |
| NII | 21,90,000 shares | |
| RII | 21,80,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 44,16,000 shares |
Armour Security IPO subscribed 1.82x in total, whereas NovaVente IPO subscribed .
| Armour Security IPO | NovaVente IPO | |
|---|---|---|
| QIB (times) | 1.00x | |
| NII (times) | 1.08x | |
| Big NII (times) | 1.16x | |
| Small NII (times) | 0.92x | |
| RII (times) | 2.58x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.82x |
