Comparison between Armour Security IPO and Rama Telecom IPO.
Armour Security IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rama Telecom IPO is a SME Bookbuilding proposed to list at NSE SME.
| Armour Security IPO | Rama Telecom IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Corpwis Advisors Pvt.Ltd. | Affinity Global Capital Market Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Asnani Stock Broker Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| 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 Rama Telecom IPO is up to ₹23.87 Cr. The final issue price of Armour Security IPO is and of Rama Telecom IPO is ₹68.00 per share.
| Armour Security IPO | Rama Telecom IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | |
| Issue Price (Upper) | ₹68.00 per share | |
| Issue Price (Final) | ₹68.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | |
| Fresh Issue Size | 46,50,000 shares | 35,10,000 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹23.87 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 | 35,10,000 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹23.87 Cr |
Armour Security IPO opens on , while Rama Telecom IPO opens on Jun 25, 2025. The closing date of Armour Security IPO and Rama Telecom IPO is , and Jun 27, 2025, respectively.
| Armour Security IPO | Rama Telecom IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 25, 2025 | |
| Issue Close | Jun 27, 2025 | |
| Basis Of Allotment (Tentative) | Jun 30, 2025 | |
| Initiation of Refunds (Tentative) | Jul 01, 2025 | |
| Credit of Share (Tentative) | Jul 01, 2025 | |
| Listing date (Tentative) | Jul 02, 2025 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Armour Security IPO P/E ratio is , as compared to Rama Telecom IPO P/E ratio of 11.69.
| Armour Security IPO | Rama Telecom IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Armour Security India Limited Financial Information (Restated Consolidated)
| Rama Telecom Limited Financial Information (Restated)Rama Telecom Limited's revenue increased by 13% 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 | 98.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.69 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹89.76 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.10% | 10.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.26% | 37.06% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.12 | 0.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.82 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.10% | 33.58% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Armour Security IPO Retail Individual Investors (RII) are offered while in Rama Telecom IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Armour Security IPO and 7,36,000 shares in Rama Telecom IPO.
| Armour Security IPO | Rama Telecom IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 2,34,000 shares | 1,86,000 shares |
| QIB | 7,36,000 shares | |
| NII | 8,34,000 shares | |
| RII | 19,40,000 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 35,10,000 shares |
Armour Security IPO subscribed in total, whereas Rama Telecom IPO subscribed 1.61x.
| Armour Security IPO | Rama Telecom IPO | |
|---|---|---|
| QIB (times) | 1.00x | |
| NII (times) | 1.66x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.82x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.61x |
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