Safe Enterprises IPO receives 1.93 times subscription applications by Day 2
By Ankur Chandra | Published at: Jun 23, 2025 07:03 PM IST
Mumbai, June 23 – Safe Enterprises Retail Fixtures Limited’s IPO gained significant traction on the second day of bidding, achieving an overall subscription of 1.93 times. According to the data on the NSE Emerge platform (3:58 PM), the issue received bids for 1.70 crore shares, compared to the net offer of 87.99 lakh shares.
Category-wise Bidding (As of June 23, 3:58 PM)
| Category | No. of Shares Bid For | Applications Received |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 1,30,50,000 | 8 |
| — Foreign Institutional Investors (FIIs) | 32,09,000 | 2 |
| — Others (QIBs) | 98,41,000 | 6 |
| Non-Institutional Investors | 21,98,000 | 236 |
| — Corporates | 10,99,000 | 118 |
| — HNIs (Other Individuals) | 6,84,000 | 8 |
| Retail Investors (RIIs) | 28,71,000 | 2,871 |
| — Cut-off bids | 18,75,000 | 1,875 |
| — Price bids | 9,96,000 | 996 |
| Total Bids | 1,70,20,000 | 2,997 |
| Issue Size (Net) | 87,99,000 shares | — |
| Overall Subscription | 1.93x | — |
Price Band Momentum
With the upper price band set at ₹138, bids were seen across the full range with a sharp concentration at the top end. Over 18.75 lakh shares were placed at the cut-off, showing strong retail conviction.
IPO Summary
| Detail | Info |
|---|---|
| Issue Period | June 20 – June 24, 2025 |
| Price Band | ₹131 – ₹138 |
| Face Value | ₹5 per share |
| Lot Size | 1,000 shares |
| Listing Exchange | NSE Emerge |
| Total Issue Size | 1,23,00,000 shares |
| Net Issue Size | 87,99,000 shares |
Key Takeaway
Safe Enterprises IPO is on track for full subscription well before its closing date. Robust participation from QIBs (led by FIIs) and retail investors signals high institutional confidence and public interest in the company’s growth potential.
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