Armour Security shares hit 5% lower circuit after listing at a sharp discount; SME stock down 24% from issue price

Armour Security shares were listed at ₹45.60 apiece on NSE SME, a discount of 20% to the issue price of ₹57 per share. The SME stock succumbed to selling pressure and hit a 5% lower circuit of ₹43.35 apiece.