Armour Security India: NSE SME Listing Update Armour Security India is set to debut on the NSE SME platform with muted expectations. Current grey market sentiment signals a flat listing, reflecting a **0%** premium ahead of the launch. The IPO comprises a fresh issue totaling **Rs 26.51 crore**. Investor demand has remained temperate, with the issue securing a subscription of **1.82 times**. As a private security and facility management provider, the company operates across various sectors nationwide. The raised capital will be directed towards meeting working capital needs, procuring equipment, and repaying existing debt.