Comparison between Safecure IPO and Shree Refrigerations IPO.
Safecure IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shree Refrigerations IPO is a SME Bookbuilding proposed to list at BSE SME.
| Safecure IPO | Shree Refrigerations IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Sun Capital Advisory Services Pvt.Ltd. | Narnolia Financial Services Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Mansi Share & Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Safecure IPO is up to ₹29.07 Cr whereas the issue size of the Shree Refrigerations IPO is up to ₹111.44 Cr. The final issue price of Safecure IPO is ₹102.00 per share and of Shree Refrigerations IPO is ₹125.00 per share.
| Safecure IPO | Shree Refrigerations IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹2 per share |
| Issue Price (Lower) | ₹119.00 per share | |
| Issue Price (Upper) | ₹125.00 per share | |
| Issue Price (Final) | ₹102.00 per share | ₹125.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 28,50,000 shares | 70,90,000 shares |
| Fresh Issue Size (Amount) | up to ₹29.07 Cr | up to ₹88.63 Cr |
| OFS Issue Size | 0 shares | 18,25,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹22.81 Cr |
| Issue Size Total | 28,50,000 shares | 89,15,000 shares |
| Issue Size Total (Amount) | up to ₹29.07 Cr | up to ₹111.44 Cr |
Safecure IPO opens on Oct 29, 2025, while Shree Refrigerations IPO opens on Jul 25, 2025. The closing date of Safecure IPO and Shree Refrigerations IPO is Oct 31, 2025, and Jul 29, 2025, respectively.
| Safecure IPO | Shree Refrigerations IPO | |
|---|---|---|
| Anchor Bid Date | Jul 24, 2025 | |
| Issue Open | Oct 29, 2025 | Jul 25, 2025 |
| Issue Close | Oct 31, 2025 | Jul 29, 2025 |
| Basis Of Allotment (Tentative) | Nov 03, 2025 | Jul 30, 2025 |
| Initiation of Refunds (Tentative) | Nov 04, 2025 | Jul 31, 2025 |
| Credit of Share (Tentative) | Nov 04, 2025 | Jul 31, 2025 |
| Listing date (Tentative) | Nov 06, 2025 | Jul 31, 2025 |
| Anchor Lockin End date 1 | Aug 29, 2025 | |
| Anchor Lockin End date 2 | Oct 28, 2025 |
Safecure IPO P/E ratio is 11.66, as compared to Shree Refrigerations IPO P/E ratio of 23.81.
| Safecure IPO | Shree Refrigerations IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Safecure Services Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 8% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Shree Refrigerations Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 17% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 94.33 | 56.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.14 | 44.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.66 | 23.81 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹102.41 Cr. | ₹445.38 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 28.86% | 15.44% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.48% | 23.22% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.98 | 0.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.75 | ₹5.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 28.86% | 15.44% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Safecure IPO Retail Individual Investors (RII) are offered 14,25,600 shares while in Shree Refrigerations IPO retail investors are offered 14,25,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Safecure IPO and 17,82,000 shares in Shree Refrigerations IPO.
| Safecure IPO | Shree Refrigerations IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 26,73,000 shares |
| Market Maker Reservation | 1,50,000 shares | 4,71,000 shares |
| QIB | 0 shares | 17,82,000 shares |
| NII | 14,24,400 shares | 13,38,000 shares |
| RII | 14,25,600 shares | 31,22,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 28,50,000 shares | 89,15,000 shares |
Safecure IPO subscribed 1.81x in total, whereas Shree Refrigerations IPO subscribed 187.55x.
| Safecure IPO | Shree Refrigerations IPO | |
|---|---|---|
| QIB (times) | 167.32x | |
| NII (times) | 0.32x | 197.01x |
| Big NII (times) | 214.75x | |
| Small NII (times) | 158.70x | |
| RII (times) | 3.31x | 195.05x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.81x | 187.55x |
