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Subscription status of Safe Enterprises IPO

Safe Enterprises IPO
(Day 1)

Price Rs. 34 Lot 4000 shares, Rs.14.69 Crore

QIB NII x RII x Total x Applications
         
Note:

Samay Project Services IPO Allotment Link: 

 

What is the business of Safe Enterprises?

Safe Enterprises Retail Fixtures Ltd. is a one-stop destination for cutting-edge shop fittings and retail display solutions, transforming retail spaces across India and beyond. From concept to installation, we design, manufacture, supply, and install retail fixtures that are as functional as they are visually compelling.

Specializing in tailored merchandising solutions, we help retailers solve critical challenges in display, product placement, storage, and safety. Whether you’re outfitting a sleek fashion boutique, a bustling hypermarket, or an upscale electronics store, our expert team ensures your space works as hard as you do.

Trusted by India’s Leading Retailers

Our versatile portfolio spans multiple retail sectors—fashion, electronics, groceries, and luxury. Some of our marquee collaborations include:

  • Zudio & Westside – Trend-forward fashion fixtures that merge form with function
  • Godrej Nature’s Basket – Customized gourmet shelving with premium finishes
  • Reliance Retail & Future Group – Scalable installation solutions for large-format hypermarkets

What We Offer

We combine engineering precision with design flair to deliver a full range of fixtures:

  • Gondola Shelving: Modular, durable, and perfect for supermarkets
  • Checkout Counters: Ergonomically designed for efficiency and customer flow
  • Display Racks & Stands: Fully customizable for fashion, electronics, and FMCG brands
  • Mannequins & Visual Merchandising Displays: Contemporary and brand-aligned aesthetic elements
  • Storage & Backroom Fixtures: Heavy-duty shelving systems for seamless inventory management
  • Custom Fixture Design: Unique, client-specific solutions that balance beauty with practicality
  • Innovative Retail Concepts: Agile designs built to meet the demands of modern retail

Our Footprint

  • Manufacturing: Three state-of-the-art units – two in Mumbai and one in Thane, Maharashtra
  • Franchisees: Strategically located in Navi Mumbai and Hyderabad
  • Distributors: International presence with partners in Dubai and Kansas City
  • Sales Reach: Presence in 25+ Indian states and union territories, with strongholds in Maharashtra, Karnataka, and Gujarat

Design-Driven, Detail-Oriented

With a skilled in-house team of 15 designers (as of October 31, 2024), we combine creativity and technical know-how to bring retail visions to life.

Get more information about the company

Safe Enterprises IPO Details

Sector:

IPO opens on  20 June 2025
IPO closes on  24 June 2025
Issue Type Book Built Issue IPO
Issue Size 116,76,000 Shares /
Rs 161.13 Crore
* Fresh Issue 11676000 Shares /
Rs 161.13 Crore
* Offer for Sale –
Market Maker Portion 624,000 Shares
Net offer to Public 11052000 Shares
Rs.152.52 Crores
Face Value per share Rs. 5
Price Band Rs. 131-138
Employee discount  Rs. 0 per share
Retail Lot Size  1000 Shares
Listing will at  NSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 5526000   76.26
HNI (15%) 1657800   22.88
RII  (35%) 3868200   53.38
Total Shares  110,52000 152.52
Retail portion will be
oversubscribed by 
 
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1000 Shares Rs.138000
Min HNI Application  2000 Shares Rs.276000

Who are the Promoters of Safe Enterprises?

The promoters of the company are Saleem Shabbir Merchant, Mikdad Saleem Merchant, Huzefa Salim Merchant and Munira Salimbhai Merchant.

What are the Objects of Safe Enterprises IPO?

*Funding the Capital Expenditure requirements towards setting up of a new manufacturing unit. Rs.65.89 Cr.
*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 Rs. 6.99 Cr.
*To Meet Working Capital Requirements of the Company Rs. 30.00 Cr.
*Investment in the subsidiary Safe Enterprises Retail Technologies Private Limited to meet working capital requirements Rs. 10.00 Cr.
*General Corporate purposes.

Tentative timetable

IPO opens on 20 June 2025
IPO Closes on 24 June 2025
IPO Allotment on  25 June 2025
Refund Initiation  26 June 2025
Credit of Shares 26 June 2025
Listing on 27 June 2025
Registered Office of the Company
Safe Enterprises Retail Fixtures Limited
Plot No. D-372
TTC MIDC Industrial Area,
MIDC Kukshet Village, Sanpada,
Thane, Maharashtra, 400703
The Lead Manager of this IPO
Hem Securities ltd

Who is the Registrar to IPO?
Maashitla Securities Pvt ltd

Safe Enterprises IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Safe Enterprises Financials

Period Ended 30-Mar-25 31-Mar-24
Assets 101.94 54.4
Revenue 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 0
Amount in Rs. Crore

Performance Indicators

KPI Values
ROE 77.54%
ROCE 69.10%
RoNW 54.37%
PAT Margin 28.33
Price to Book Value 6.57
EPS Rs.11.42
PE Ratio 12.08

 

 

How Safe Enterprises IPO compares with the Peers?

Company Name P/E (x) RoNW (%)
Safe Enterprises Retail Fixtures 12.08 54.37
Naman In-Store (India) 21.31 7.91

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Safe Enterprises IPO Review by Paresh Gordhandas, CA & Research Analyst.

Will provide our guidance soon

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