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Safe Enterprises IPO is a book build issue of ₹169.74 crores. The issue is entirely a fresh issue of 1.23 crore shares of ₹169.74 crore.
Safe Enterprises IPO bidding started from Jun 20, 2025 and ended on Jun 24, 2025. The allotment for Safe Enterprises IPO was finalized on Jun 25, 2025. The shares got listed on NSE SME on Jun 27, 2025.
Safe Enterprises IPO price band is set at ₹138.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,31,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,76,000.
Hem Securities Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Safe Enterprises IPO RHP for detailed Information.
| IPO Date | June 20, 2025 to June 24, 2025 |
| Listing Date | June 27, 2025 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹131 to ₹138 per share |
| Issue Price Final | ₹138 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,23,00,000 shares (aggregating up to ₹169.74 Cr) |
| Reserved for Market Maker | 6,24,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹8.61 Cr) |
| Net Offered to Public | 1,16,76,000 shares (aggregating up to ₹161.13 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 3,43,04,478 shares |
| Share Holding Post Issue | 4,66,04,478 shares |
Safe Enterprises IPO offers total 1,23,00,000 shares. Out of which 58,37,000 (47.46%) allocated to QIB, 23,36,000 (18.99%) allocated to QIB (Ex- Anchor), 17,52,000 (14.24%) allocated to NII, 40,87,000 (33.23%) allocated to RII and 35,01,000 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 6,24,000 (5.07%) |
| QIB Shares Offered | 58,37,000 (47.46%) |
| − Anchor Investor Shares Offered | 35,01,000 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 23,36,000 (18.99%) |
| NII (HNI) Shares Offered | 17,52,000 (14.24%) |
| Retail Shares Offered | 40,87,000 (33.23%) |
| Total Shares Offered | 1,23,00,000 (100.00%) |
Safe Enterprises IPO raises ₹48.31 crore from anchor investors. Safe Enterprises IPO Anchor bid date is June 19, 2025. Safe Enterprises IPO Anchor Investors list
| Bid Date | June 19, 2025 |
| Shares Offered | 35,01,000 |
| Anchor Portion Size (In Cr.) | 48.31 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 24, 2025 |
Safe Enterprises IPO opens on June 20, 2025, and closes on June 24, 2025.
| IPO Open Date | Fri, Jun 20, 2025 |
| IPO Close Date | Tue, Jun 24, 2025 |
| Tentative Allotment | Wed, Jun 25, 2025 |
| Initiation of Refunds | Thu, Jun 26, 2025 |
| Credit of Shares to Demat | Thu, Jun 26, 2025 |
| Tentative Listing Date | Fri, Jun 27, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jun 24, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,38,000 |
| Retail (Max) | 1 | 1,000 | ₹1,38,000 |
| HNI (Min) | 2 | 2,000 | ₹2,76,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1976, Safe Enterprises Retail Fixtures Limited designs, manufactures, supplies, and installs shop fittings and retail fixtures, providing a range of customized solutions across various retail segments such as fashion, electronics, and department stores.
The company provides merchandising solutions that address retail challenges in display, placement, storage, and safety, offering shop fitting services from design to installation tailored to customer needs.
The company serves various retail sectors like fashion, electronics, grocery, and luxury. Clients include major Indian chains and hypermarkets, such as:
The company offers the following products & services.
The company has three manufacturing units, two of which are situated in Mumbai and one in Thane, Maharastra.
The company has two franchisees in Navi Mumbai and Hyderabad, as well as two distributors in Dubai and Kansas City.
The company sells products in over 25 states and union territories, with most revenue from Maharashtra, followed by Karnataka and Gujarat.
As of October 31, 2024, the company had 15 employees in the design team.
Competitive Strength:
| Period Ended | 30 Mar 2025 | 31 Mar 2024 |
| Assets | 101.94 | 54.40 |
| Total Income | 139.73 | 101.38 |
| Profit After Tax | 39.19 | 23.09 |
| Net Worth | 72.08 | 28.99 |
| Reserves and Surplus | 54.92 | 4.36 |
| Total Borrowing | 0.00 | 0.00 |
| Amount in ₹ Crore | ||
The market capitalization of Safe Enterprises IPO is ₹634.53 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 77.54% |
| ROCE | 69.10% |
| RoNW | 54.37% |
| PAT Margin | 28.33% |
| EBITDA Margin | 19.79% |
| Price to Book Value | 6.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 11.42 | 8.52 |
| P/E (x) | 12.08 | 16.19 |
The Company Safe Enterprises IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit. | 65.89 |
| 2 | Investment in the Subsidiary, Safe Enterprises Retail Technologies Private Limited for financing its capital expenditure requirements in relation towards installation of additional plant and machinery | 6.99 |
| 3 | To Meet Working Capital Requirements of the Company | 30.00 |
| 4 | Investment in the subsidiary Safe Enterprises Retail Technologies Private Limited to meet working capital requirements | 10.00 |
| 5 | General Corporate Purpose | 35.91 |
[Dilip Davda] SERFL is engaged in the business of merchandising solutions and related services. It posted growth in its top and bottom lines for reported periods. Boosted margins for FY24 and FY25 raise eyebrows and concern over its sustainability going forward. Based on its recent financial data, the issue appears aggressively priced. The company is operating in a highly competitive and fragmented segment. Well-informed/cash surplus investors may park moderate funds for medium term. Read detail review...
| Listing Date | June 27, 2025 |
| BSE Script Code | |
| NSE Symbol | SAFEENTP |
| ISIN | INE17D601016 |
| Final Issue Price | ₹138 per share |
| NSE Listing Group | SM (Rolling) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹138.00 |
| Open | ₹151.00 |
| Low | ₹151.00 |
| High | ₹158.55 |
| Last Trade | ₹158.55 |
Safe Enterprises Retail Fixtures Ltd.
Plot No. D-372
TTC MIDC Industrial Area,
MIDC Kukshet Village, Sanpada,
Thane, Maharashtra, 400703
Phone: +917021883016
Email: compliance@safeenterprises.com
Website: https://safeenterprises.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Safe Enterprises IPO is a SME IPO of 1,23,00,000 equity shares of the face value of ₹5 aggregating up to ₹169.74 Crores. The issue is priced at ₹138 per share. The minimum order quantity is 1000.
The IPO opens on June 20, 2025, and closes on June 24, 2025.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Safe Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Safe Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Safe Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Safe Enterprises IPO opens on June 20, 2025 and closes on June 24, 2025.
Safe Enterprises IPO lot size is 1000, and the minimum amount required for application is ₹1,38,000.
You can apply in Safe Enterprises IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Safe Enterprises IPO will be done on Wednesday, June 25, 2025, and the allotted shares will be credited to your demat account by Thursday, June 26, 2025. Check the Safe Enterprises IPO allotment status.
The Safe Enterprises IPO listing date is on Friday, June 27, 2025.
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