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The Safe Enterprises Retail Fixtures IPO will open for subscription on June 20, 2025, and close on June 24, 2025. This IPO is being launched as a Book Build Issue, where the company aims to raise around ₹169.74 crore. The entire amount will come from a fresh issue of shares, while the offer-for-sale (OFS) portion is yet to be confirmed. Each share has a face value of ₹5.
The IPO price band has been set between ₹131 and ₹138 per share. In terms of investor allocation, 35% of the issue is reserved for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs).
The basis of allotment is expected to be finalized on June 25, 2025, and the shares are likely to be listed on the NSE (National Stock Exchange) on June 27, 2025.
In the financial year 2024, Safe Enterprises Retail Fixtures reported a revenue of ₹101.38 crore and a net profit of ₹23.09 crore. Based on these strong financials, many market experts suggest that this IPO could be a good investment opportunity for the long term.
Safe Enterprises Retail Fixtures IPO Details
- IPO Open Date: June 20, 2025
- IPO Close Date: June 24, 2025
- Face Value: ₹5 per equity share
- Price Band: ₹131 to ₹138 per share
- Issue Size: Approximately ₹169.74 crores
- Fresh Issue: ₹169.74 crores (entirely fresh issue)
- Issue Type: Book Build Issue
- Listing Exchange: NSE SME
- Retail Investor Quota: Not more than 35%
- Qualified Institutional Buyers (QIB) Quota: Not more than 50%
- Non-Institutional Investors (NII) Quota: Not more than 15%
- Draft Red Herring Prospectus (DRHP): Click Here
- Red Herring Prospectus (RHP): Click Here
Safe Enterprises Retail Fixtures IPO Market Lot
The minimum market lot for the Safe Enterprises Retail Fixtures IPO is 1 lot (1000 shares), requiring an application amount of ₹1,38,000.
| Application Type | Lot Size | Number of Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,38,000 |
| Retail Maximum | 1 | 1000 | ₹1,38,000 |
| S-HNI Minimum | 2 | 2000 | ₹2,76,000 |
IPO Schedule
- IPO Open Date: June 20, 2025
- IPO Close Date: June 24, 2025
- Basis of Allotment: June 25, 2025
- Refunds Initiated: June 26, 2025
- Credit to Demat Accounts: June 26, 2025
- IPO Listing Date: June 27, 2025
Promoters of the Company
The promoters of Safe Enterprises Retail Fixtures are:
- Saleem Shabbir Merchant
- Mikdad Saleem Merchant
- Huzefa Salim Merchant
- Munira Salimbhai Merchant
Company Financial Performance
The financials for the fiscal year 2024 and interim period ending September 2024 are as follows:
| Period | Revenue | Expenses | Profit After Tax | Total Assets |
|---|---|---|---|---|
| FY 2024 | ₹101.38 Cr | ₹70.11 Cr | ₹23.09 Cr | ₹54.40 Cr |
| Sept 2024 (Interim) | ₹58.09 Cr | ₹36.30 Cr | ₹16.96 Cr | ₹76.39 Cr |
IPO Valuation Metrics – FY 2024
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 105.34% |
| Return on Capital Employed (ROCE) | 114.11% |
| EBITDA Margin | 33.94% |
| PAT Margin | 22.88% |
| Debt-to-Equity Ratio | 0.03 |
| Earnings Per Share (EPS) | ₹6.99 (Basic) |
| Price/Earnings (P/E) Ratio | Not Available |
| Return on Net Worth (RoNW) | 79.64% |
| Net Asset Value (NAV) | ₹6.99 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Revenue |
|---|---|---|---|---|---|
| Naman In-Store (India) Limited | 11.99 | 14.47 | 24.23% | NA | ₹144.87 Crores |
Objects of the Issue
The IPO proceeds will be used for:
- Capital expenditure to set up a new manufacturing unit
- Investment in subsidiary Safe Enterprises Retail Technologies Pvt. Ltd. for:
- Installation of additional plant & machinery
- Meeting working capital needs
- Working capital needs of the parent company
- General corporate purposes
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com
Lead Manager (Merchant Banker)
- Hem Securities Limited
Company Contact Details
Safe Enterprises Retail Fixtures Limited
Plot No. D-372, TTC MIDC Industrial Area,
MIDC Kukshet Village, Sanpada
Phone: +91 7021883016
Email: compliance@safeenterprises.com
Website: https://safeenterprises.com
FAQs – Safe Enterprises Retail Fixtures IPO
Q1. What is Safe Enterprises Retail Fixtures IPO?
It is a SME IPO aimed at raising ₹169.74 crores through a price band of ₹131 to ₹138 per equity share. It will be listed on NSE SME.
Q2. When will the IPO open for subscription?
The IPO will open on June 20, 2025, and close on June 24, 2025.
Q3. What is the investors’ quota?
- QIB: 50%
- NII: 15%
- Retail: 35%
How to Apply for Safe Enterprises Retail Fixtures IPO?
You can apply for the Safe Enterprises Retail Fixtures IPO through the following methods:
- ASBA via Net Banking: Log in to your bank account and apply through the ASBA (Application Supported by Blocked Amount) facility.
- UPI through Stock Brokers: You can apply online using the UPI option available with your broker platforms like Zerodha, Groww, Upstox, etc.
- Offline Application: Visit your stock broker and fill out the physical IPO application form.
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