Armour Security India IPO Subscribed 2x on Final Day, Listing Jan 22

• Armour Security India's IPO attracted 1.78 times subscription on its final day of bidding, January 19.
• Investors applied for 82.74 lakh shares against an offer size of 46.5 lakh shares.
• Retail and non-institutional investors oversubscribed their quotas by 2.57 times and 1.18 times respectively.
• The IPO, raising Rs 26.5 crore, will finalize share allotment by January 20 and list on NSE Emerge on January 22.
• Proceeds will fund working capital, machinery purchase, debt repayment, and general corporate purposes.

Why It Matters: Armour Security India's IPO saw strong investor demand, oversubscribing 1.78 times, with listing set for Jan 22.