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Armour Security IPO vs Crazy Snacks IPO

Comparison between Armour Security IPO and Crazy Snacks IPO.

IPO Details

Armour Security IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Crazy Snacks IPO is a SME Bookbuilding proposed to list at BSE SME.

 Armour Security IPOCrazy Snacks IPO
LogoArmour Security IPO LogoCrazy Snacks IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersSobhagya Capital Options Pvt.Ltd.Inventure Merchant Banker Services Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNNM Securities Pvt.Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Armour Security IPO is up to ₹25.17 Cr whereas the issue size of the Crazy Snacks IPO is up to ₹29.89 Cr. The final issue price of Armour Security IPO is ₹57.00 per share and of Crazy Snacks IPO is ₹42.00 per share.

 Armour Security IPOCrazy Snacks IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹55.00 per share₹39.00 per share
Issue Price (Upper)₹57.00 per share₹42.00 per share
Issue Price (Final)₹57.00 per share₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size44,16,000 shares56,21,000 shares
Fresh Issue Size (Amount)up to ₹25.17 Crup to ₹23.61 Cr
OFS Issue Size0 shares14,95,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.28 Cr
Issue Size Total44,16,000 shares71,16,000 shares
Issue Size Total (Amount)up to ₹25.17 Crup to ₹29.89 Cr

IPO Timetable

Armour Security IPO opens on Jan 14, 2026, while Crazy Snacks IPO opens on Jun 25, 2026. The closing date of Armour Security IPO and Crazy Snacks IPO is Jan 19, 2026, and Jun 30, 2026, respectively.

 Armour Security IPOCrazy Snacks IPO
Anchor Bid Date
Issue OpenJan 14, 2026Jun 25, 2026
Issue CloseJan 19, 2026Jun 30, 2026
Basis Of Allotment (Tentative)Jan 20, 2026Jul 01, 2026
Initiation of Refunds (Tentative)Jan 21, 2026Jul 02, 2026
Credit of Share (Tentative)Jan 21, 2026Jul 02, 2026
Listing date (Tentative)Jan 22, 2026Jul 03, 2026
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Armour Security IPO P/E ratio is 17.53, as compared to Crazy Snacks IPO P/E ratio of 11.9.

 Armour Security IPOCrazy Snacks 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 Consolidated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets121.61109.8285.9088.61
Total Income87.56111.63129.0889.17
Profit After Tax6.006.335.323.54
NET Worth42.8236.8231.2526.43
Reserves and Surplus24.7518.7529.4124.59
Total Borrowing69.9163.2645.2248.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.8%76.14%
Promoter Shareholding (Post-Issue)70.12%50.85%
P/E Ratio17.5311.9
Market Cap₹96.16 Cr.₹100.54 Cr.
ROE21.5618.61
ROCE24.4712.31
Debt/Equity0.251.72
EPS₹3.25₹3.53
RoNW21.5617.20

Shares Offered

In the Armour Security IPO Retail Individual Investors (RII) are offered 21,80,000 shares while in Crazy Snacks IPO retail investors are offered 21,80,000 shares. Qualified Institutional Buyers (QIB) are offered 46,000 shares in Armour Security IPO and 72,000 shares in Crazy Snacks IPO.

 Armour Security IPOCrazy Snacks IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,34,000 shares3,78,000 shares
QIB46,000 shares72,000 shares
NII21,90,000 shares35,10,000 shares
RII21,80,000 shares35,34,000 shares
Employee0 shares0 shares
Others
Total44,16,000 shares71,16,000 shares

Bids Received (Subscription)

Armour Security IPO subscribed 1.82x in total, whereas Crazy Snacks IPO subscribed 1.21x.

 Armour Security IPOCrazy Snacks IPO
QIB (times)1.00x4.75x
NII (times)1.08x1.08x
Big NII (times)1.16x1.59x
Small NII (times)0.92x0.07x
RII (times)2.58x1.26x
Employee (times)
Other (times)
Total (times)1.82x1.21x

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Compare:

Armour Security IPO Vs Crazy Snacks IPO