According to the police, the five arrested men - Prashant, Anuj, Neeraj Pal, Subodh and Pankaj - were canvassing for the student union polls.
Subodh is a student of Law faculty in the university.
"Today at around 4:30 PM, during regular vehicle checking a SUV was stopped.
"During the vehicle's checking, one pistol, one country-made pistol and 16 live cartridges were recovered from it following which all the five occupants of the vehicle were arrested and the SUV was seized," said a senior police official.
DUSU elections will be held on September 13.