Bookbuilding IPO | ₹170 Cr | Listed at NSE SME | Fri, Jun 20, 2025 - Tue, Jun 24, 2025
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 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,38,000 (1000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jun 20, 2025
IPO Close
Tue, Jun 24, 2025
Issue Price
₹138 per share
Market Cap (Pre-IPO)
₹634.53 Cr
| IPO Date | 20 to 24 Jun, 2025 |
| Listed on | Fri, Jun 27, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹131 to ₹138 |
| Issue Price | ₹138 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 1,23,00,000 shares (agg. up to ₹170 Cr) |
| Reserved for Market Maker | 6,24,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹9 Cr) |
| Fresh Issue (Ex Market Maker) | 1,16,76,000 shares (agg. up to ₹161 Cr) |
| Net Offered to Public | 1,16,76,000 shares (agg. up to ₹161 Cr) |
| Share Holding Pre Issue | 3,43,04,478 shares |
| Share Holding Post Issue | 4,66,04,478 shares |
| NSE Symbol | SAFEENTP |
| ISIN | INE17D601016 |
Safe Enterprises IPO comprises a total issue size of 1,23,00,000 shares. The net offer to the public is 1,16,76,000 shares, after excluding 6,24,000 shares allotted on a firm basis. Of the Net offer 58,37,000 (49.99%) are allocated to QIB, 17,52,000 (15.01%) allocated to NII 40,87,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 58,37,000 | 49.99% | 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 | 15.01% | 14.24% |
| Retail Shares Offered | 40,87,000 | 35.00% | 33.23% |
| Firm Reservations | |||
| Market Maker Shares Offered | 6,24,000 | 5.07% | |
| Total Shares Offered | 1,23,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
Safe Enterprises IPO raises ₹48.31 crore from anchor investors. Safe Enterprises IPO Anchor bid date is June 19, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jun 19, 2025 |
| Shares Offered | 35,01,000 |
| Anchor Portion (₹ Cr.) | 48.31 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 24, 2025 |
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 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 11.42 | 8.52 |
| P/E (x) | 12.08 | 16.19 |
| Promoter Holding | 95.18% | 70.07% |
| Market Cap | ₹634.53 Cr. |
The Safe Enterprises Retail Fixtures IPO is subscribed 14.70 times on June 24, 2025 6:20:01 PM (Day 3). The public issue subscribed 4.44 times in the retail category, 34.31 times in the QIB category, and 12.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 34.31 | 23,36,000 | 8,01,39,000 | 43 |
| NII* | 12.51 | 17,52,000 | 2,19,17,000 | 1,637 |
| Retail | 4.44 | 40,87,000 | 1,81,38,000 | 18,138 |
| Total | 14.70 | 81,75,000 | 12,01,94,000 | 19,818 |
Total Application : 19,818
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees | 12.02 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 1.74 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.11 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.00 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.14 |
| 7 | Others, if any (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, depositories, secretarial, advisors, consultancy, Statutory auditors, Processing Fees, Underwriting fees and Miscellaneous Expenses) | 6.93 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹138.00 |
| Open | ₹151.00 |
| Low | ₹151.00 |
| High | ₹158.55 |
| Last Trade | ₹158.55 |
Lead Manager Reports
Safe Enterprises IPO is a SME IPO of 1,23,00,000 equity shares of the face value of ₹5 aggregating up to ₹170 Crores. The issue is priced at ₹138 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Jun 20, 2025, and closes on Tue, Jun 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 Fri, Jun 20, 2025 and closes on Tue, Jun 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 Thu, Jun 26, 2025. Check the Safe Enterprises IPO allotment status.
The Safe Enterprises IPO listing date is on Fri, Jun 27, 2025.
