Allotment

Safe Enterprises Limited launched a book-built IPO to raise ₹169.74 crore through a fresh issue of 1.23 crore shares. The IPO was open for bidding from June 20 to June 24, 2025, with allotment finalized on June 25, 2025. The company’s shares were subsequently listed on the NSE SME platform on June 27, 2025.
The IPO price band was set at ₹138 per share, with a lot size of 1,000 shares per application. Retail investors were required to invest a minimum of ₹1,38,000 for one lot, while High Net Worth Investors (HNI) needed to apply for a minimum of 2 lots (2,000 shares), amounting to ₹2,76,000.
Key Participants
Book Running Lead Manager: Hem Securities Ltd.
Registrar: Maashitla Securities Pvt. Ltd.
Market Maker: Hem Finlease Pvt. Ltd.
The IPO offered investors an opportunity to participate in the growth of Safe Enterprises Limited, a company with strong market presence and operational capabilities in its sector.
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| IPO Date | 27 Jun |
| IPO Listing Date | 27 Jun |
| IPO Face Value | ₹5 per share |
| IPO Price Range | ₹138.00 |
| IPO Issue Size | 1,23,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 3,43,04,478 shares |
| IPO Open Date | 20 Jun |
| IPO Close Date | 24 Jun |
| IPO Allotment (Tentative) | 25 Jun |
| Refunds | 26 Jun |
| Credit to Demat Account | 26 Jun |
| IPO Listing Date | 27 Jun |
| Category | Offer |
|---|---|
| QIB Shares Offered | 58,37,000 Shares |
| NII (HNI) Shares Offered | 17,52,000 Shares |
| Retail Shares Offered | 40,87,000 Shares |
Investors can bid for a minimum of 1,000 shares, with additional bids in multiples of 1,000 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,38,000 |
| Retail (Max) | 1 | 1,000 | ₹1,38,000 |
| S-HNI (Min) | 2 | 2,000 | ₹2,76,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in 1976, Safe Enterprises Retail Fixtures Limited specializes in the design, manufacture, supply, and installation of shop fittings and retail fixtures. The company offers a wide range of customized solutions across various retail segments, including fashion, electronics, grocery, and department stores. Its services cover the entire shop-fitting lifecycle—from design and merchandising solutions to installation—helping retailers optimize display, placement, storage, and safety.
Products & Services
Safe Enterprises provides an extensive portfolio of fixtures and retail solutions, including:
Gondola Shelving: Modular shelves for supermarkets
Checkout Counters: Ergonomic designs to enhance customer experience
Display Racks & Stands: Customizable solutions for fashion, electronics, and FMCG
Mannequins & Visual Merchandising Displays: Modern solutions for store aesthetics and branding
Storage & Backroom Fixtures: High-capacity shelving for stockrooms
Custom Fixture Design & Innovative Solutions: Personalized and creative designs that combine functionality with aesthetics and adapt to evolving retail trends
Operations & Market Presence
The company operates three manufacturing units, two in Mumbai and one in Thane, Maharashtra. It has franchisees in Navi Mumbai and Hyderabad and distributors in Dubai and Kansas City. Products are sold across over 25 states and union territories, with Maharashtra contributing the largest share of revenue, followed by Karnataka and Gujarat. As of October 31, 2024, the company employed 15 designers in its dedicated design team.
Competitive Strengths
In-house manufacturing capabilities ensuring quality and customization
Established relationships with clients across India and abroad
Experienced senior management supported by a skilled design and development team
Strong focus on consumer experience, fostering long-term brand loyalty
| Assets | 101.94 | 54.4 | - |
| Total Income | 139.73 | 101.38 | - |
| Profit After Tax | 39.19 | 23.09 | - |
| EBITDA | - | - | - |
| NET Worth | 72.08 | 28.99 | - |
| Reserves and Surplus | 54.92 | 4.36 | - |
| Total Borrowing | - | - | - |
| ROE | 77.54% |
| ROCE | 69.10% |
| Debt/Equity | - |
| RoNW | 54.37% |
| PAT Margin | 28.33% |
| EBITDA Margin | 19.79% |
| Price to Book Value | 6.57 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 30 |
| 3 | To meet out the General Corporate Purposes; | 35.91 |
| 4 | Offer for Sale (OFS) | - |
Safe Enterprises Retail Fixtures Ltd. Address
Plot No. D-372
TTC MIDC Industrial Area,
MIDC Kukshet Village, Sanpada,
Thane, Maharashtra, 400703
+917021883016
compliance@safeenterprises.com
IPO Registrar
Maashitla Securities Pvt.Ltd.
+91-11-45121795-96
ipo@maashitla.com
https://maashitla.com/allotment-status/public-issues